Rupee Lingers Around 9-Year Peak On Strong Capital Inflows

Mumbai: The rupee marched near to a fresh nine-year peak today, hiked up by strong capital inflows, but caution the RBI may interfere checked the rupee’s increase.

In early trading, the partially convertible rupee stood at 39.88/89 per dollar, barely changed from its last close of 39.89/90 and in sights of 39.85 its record since May 1998.

A market dealer said, “These are good levels to take some profits as the rupee has rallied quite a lot this week.”

BBC not to telecast George Michael’s HIV interview

London, September 21 : Pop star George Michael has requested the BBC not to broadcast the interview in which he discusses his fears of having HIV.

The channel has confirmed that the interview will not be included in the documentary ‘Stephen Fry: HIV and Me’.

Michael’s fears were fuelled when his Anselmo Feleppa died of an Aids-related illness in 1995.

"On reflection, he felt it was too close and too personal a journey. It was too personal for Anselmo's family to revisit," the BBC quoted a spokesman for the singer as saying.

Godrej Appliance Sets Aside Rs 300 Cr As Capex For 2007

Kolkata: To reposition its brand through technological upgradation, Godrej Appliance, a division of Godrej & Boyce Mfg Co Ltd, has planned Rs 300 crore capital expending in the recent fiscal.

Halton Catholic Board Gives Sanction To HPV Vaccinations

The Halton Catholic school board intently overcame a shift Tuesday night that would have made it the first in Ontario to forbid public health functionaries from giving the HPV vaccine to Grade 8 girls.

The vaccine defends against illness from four separate strains of human papilloma virus, which combined cause 70% of all cervical cancer cases.

The program is planned for as many as 85,000 girls’ area wide this year.

It is projected that around 500 women are diagnosed with cervical cancer and over 100 die of it, each year in Ontario.

Stock Markets Flat; Rising Rupee Brings IT Sector Down

After opening positively at 16,352.32, The BSE benchmark index Sensex slipped into the negative zone in the morning trades because of weak global cues. IT sector continued to trade on really passive note owing to further rupee admiration. Rupee was quoting at 39.87 versus US dollar.

Asian stocks chop down from its eight-week record after Fed Reserve chairman Ben Bernanke expressed worries over the housing downturn situation in the US.

Financial Tech Group To Establish Power Exchange Soon

Chennai: Financial Technologies (India) Ltd has got nod from the Central Electricity Regulatory Commission (CERC) to establish India’s first national level power trading platform called ‘Indian Energy Exchange Limited (IEX)’ for trading electricity.

IEX, which is promoted by Financial Technologies, will be a pan-India neutral and transparent electronic demutualised exchange for competent price discovery in the electricity market. PTC India Ltd has responded favorably to obtain 26% stake in IEX.

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