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

Bengal growth move

Calcutta, July 1: Bengal commerce and industries minister Partha Chatterjee today said the government was planning to set up an investment monitoring cell to track investments coming into the state. The state, he said, has received proposals worth Rs 1 lakh crore from 176 companies over the last one year.

Govt paper

Mumbai, July 1: The Reserve Bank has introduced an Internet-based platform for trading in the secondary market of government securities for gilt account holders. The web-based NDS-OM (Negotiated Dealing System-Order Matching) system module will facilitate buying and selling of government bonds or securities online to the gilt account holders.

FII funds

New Delhi, July 1: Amid concerns over economic growth and a depreciating rupee, overseas investors pulled out Rs 1,957 crore from equities in April-June in contrast to a hefty Rs 44,000 crore investment in stocks in the previous quarter.

IPO show

New Delhi, July 1: Seven Indian firms have raised Rs 1,264 crore through initial public offers in the first half of 2012, down 63 per cent from the year-ago period. In the first half of 2011, 22 firms had raised Rs 3,392 crore capital through initial share sales.

Gems export

New Delhi, July 1: Gems and jewellery exports declined 12 per cent to $3.2 billion in May on weak demand from Europe. Exports stood at $3.7 billion in the year-ago period, according to data by the Gems and Jewellery Export Promotion Council.