The Telegraph
Monday , April 2 , 2012
Since 1st March, 1999
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Business Briefs

Foreign inflows rise

Mumbai, April 1: Overseas investors have pumped in about Rs 8,381.10 crore ($1.68 billion) in the domestic equity market in March, taking the total to Rs 43,950.70 crore ($8.89 billion) in this calendar year to date. In March, foreign institutional investors were gross buyers of shares worth Rs 63,795.10 crore, while they sold equities amounting to Rs 55,413.80 crore, translating into a net investment of Rs 8,381.10 crore.

Iron ore price

Mumbai, April 1: Iron ore prices in the global market are likely to soften in the near term and may trade around $115-$120 per tonne as demand from major consumer China is slowing down, industry experts have said.

AI Express

Mumbai, April 1: Air India Express, the low-cost international arm of Air India, plans to hire around 40 expat commanders, including instructors and examiners, following the implementation of the new flight and duty time limitation and rest requirements.

Coal India

New Delhi, April 1: The government may issue a Presidential directive to Coal India this week to enter into fuel pacts with power producers with 80 per cent supply commitment, after taking stock of the PSU’s production plan.

Yahoo layoffs

New York, April 1: Close on the heels of new chief executive officer Scott Thompson taking charge at Yahoo Inc, the Internet giant is planning to begin layoffs of thousands of employees next week as part of its restructuring operations, according to technology blog AllThingsD.