Much awaited film Ghajini by Aamir Khan, did a good business on the opening day breaking all records of the Hindi film industry. The film is released worldwide with 1,450 prints including 1,200 prints in India on Thursday. Overseas prints were released by Reliance BIG in various international cities.
The government criticized the Steel Authority of India Ltd. for slow growth in its expansion plans. It has decided to review its work on regular basis for timely completion of ongoing and new projects. SAIL has to increase its steel production capacity to 26 million tons by the financial year 2010.
Union Steel Minister Ram Vilas Paswan reviewed the progress of various expansion projects of SAIL worth Rs 54,000 crore. He added, "I am not satisfied with the pace of SAIL's brown-field expansions and have asked the steel secretary to ensure that the PSU completes the envisaged projects in a time bound manner."
India's second largest real estate firm, Unitech has terminated the services of about 10 percent of its employees, following the slowdown in the industry. The reality sector is facing the heat of the global financial turmoil and is applying many cost cutting measures to mitigate its impact.
The largest public sector bank of the country, State Bank of India is planning to inject more funds in its insurance arm, SBI Life. The public sector lender had earlier decided to raise funds through an initial public offering (IPO) but postponed the offer due to financial market turmoil, following the global slowdown. Some impending regulatory changes in the country also helped to delay the IPO. Meanwhile, the Central Government has already presented Insurance Bill in the Parliament to pave a way for increasing the FDI limit in insurance sector from 26 per cent to 49 per cent.
Union government is likely to review the sugar export-import targets for the financial year 2008-09 to provide sugar for the domestic consumption at reasonable prices. It can go for more import of raw and white sugar to check the sugar prices in the domestic market. The government is concerned over the reports of fall in sugar output below 20 million tonnes (mt) in the current season. Thus, it is considering all options.
Indian Stock markets opened positive on Friday. NSE Nifty was up by 32 points. Among major gainers were Reliance Petro, Satyam Computers, Suzlon Energy, Unitech and HDFC.
Major losers on NSE were HCL Tech, Power Grid, NALCO, Siemens and Hero Honda.
HDFC Securities research report expects markets to open strong and remain rangebound for the trading session.
ICICI Direct suggests strong support for NSE Nifty at 2890 and 2870. The immediate resistances for Nifty are 2920 and 2940.
Much awaited film Ghajini by Aamir Khan, did a good business on the opening day breaking all records of the Hindi film industry. The film is released worldwide with 1,450 prints including 1,200 prints in India on Thursday. Overseas prints were released by Reliance BIG in various international cities.
The government criticized the Steel Authority of India Ltd. for slow growth in its expansion plans. It has decided to review its work on regular basis for timely completion of ongoing and new projects. SAIL has to increase its steel production capacity to 26 million tons by the financial year 2010. 
India's second largest real estate firm, Unitech has terminated the services of about 10 percent of its employees, following the slowdown in the industry. The reality sector is facing the heat of the global financial turmoil and is applying many cost cutting measures to mitigate its impact. 
The largest public sector bank of the country, State Bank of India is planning to inject more funds in its insurance arm, SBI Life. The public sector lender had earlier decided to raise funds through an initial public offering (IPO) but postponed the offer due to financial market turmoil, following the global slowdown. Some impending regulatory changes in the country also helped to delay the IPO. Meanwhile, the Central Government has already presented Insurance Bill in the Parliament to pave a way for increasing the FDI limit in insurance sector from 26 per cent to 49 per cent. 
Union government is likely to review the sugar export-import targets for the financial year 2008-09 to provide sugar for the domestic consumption at reasonable prices. It can go for more import of raw and white sugar to check the sugar prices in the domestic market. The government is concerned over the reports of fall in sugar output below 20 million tonnes (mt) in the current season. Thus, it is considering all options. 
Indian Stock markets opened positive on Friday. NSE Nifty was up by 32 points. Among major gainers were Reliance Petro, Satyam Computers, Suzlon Energy, Unitech and HDFC.
