London, Jan 2: A research by Migrationwatch has pointed out that more than 1.3 million immigrants have come to work in Britain in the past 10 years even though there are 3.5 million British people

Maruti Suzuki India Ltd (MSIL), car market leader, has announced a growth of 6.88 percent in its domestic car sales during December 2007.

The company sold 58,401 units in the domestic market, as compared to 54,640 units in the same period of the last year.

The company also said that, in all, it sold 62,515 vehicles during December 2007 which showed an increase of 10 percent from 56,985 vehicles sold in the December 2006.

During the same period, MSIL exported 4,114 units as compared to 2,345 units in Dec 2006.

The Reserve Bank of India (RBI) plans to permit Foreign Institutional Investors (FIIs) registered with market regulator SEBI and sub-accounts of FIIs to short sell, lend and borrow equity shares of India companies from February 1, 2008.

However, the entire FII short selling, lending and borrowing mechanism will be subject to the current FDI policy, which allows FDI ranging from 26% to 100% across different sectors.

RBI said in a notification on its web site that the short selling of equity shares by FIIs shall not be permitted for equity shares that are in the ban list and /or caution list of Central Bank.

India- based, Glenmark Pharmaceuticals Ltd has announced th

Housing Development Finance Corporation (HDFC) has sold 8,03,87,686 equity shares of Rs 10/- each of HDFC Standard Life Insurance Company (SLIC) to Standard Life (Mauritius Holdings) Ltd, representing 7.15% of the total issued and paid-up equity for Rs. 200 crore at a pre agreed price.

With this, Standard Life (Mauritius Holdings) will go up to 26%, the maximum permissible by foreign investors under Indian law.

On the other hand, after the current sale, HDFC’s stake will come down from 81% to 74 %.