| FinMin wants to oversee FMC's functioning | 19-NOV-09 |
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| The finance ministry seems to have changed its stand on regulating commodity futures. The ministry has proposed that the commodity futures market regulator, the Forward Markets Commission (FMC), can remain independent for the time being. It was earlier insisting that it be merged with the capital market regulator, the Securities and Exchange Board of India (Sebi). |
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| Amway eyeing Rs 1,400 cr revenue | 19-NOV-09 |
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| Country’s largest direct selling FMCG company Amway India is eyeing revenues of Rs 1,400 crore in this fiscal, up from Rs 1,130 crore last year. |
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| HUL launches Pureit Autofill water purifier | 18-NOV-09 |
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| FMCG company Hindustan Unilever (HUL) has introduced a new water purifier called Pureit Autofill priced at Rs 3,200 that shuts the inflow of water once the container of the said gadget is full. |
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| Court asks HUL not to use 'Boro' word in Vaseline ad | 13-NOV-09 |
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| In what could be termed as a victory for home grown FMCG player Emami, the Kolkata Civil Court has restrained Hindustan Unilever (HUL) from running a campaign using the word "Boro" in its advertisement for Vaseline. |
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| Paradigm shift in rural buying pattern: CII study | 13-NOV-09 |
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| The consumption trend in rural areas has shown a paradigm shift from price-driven to quality-driven products, points out a recent study on rural marketing by the Confederation of Indian Industries (CII). |
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| Fixing India's 'future' | 12-NOV-09 |
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| Prime Minister Manmohan Singh’s assertion at the India Economic Summit that the futures market needs to be improved for better price discovery and regulation is well placed. For, this important function of futures trading is currently not being performed efficiently by the Indian commodity exchanges. Nor are the other key objectives of futures trading, such as price stability and hedging, being adequately served. As a result, both traders and investors are being denied the kind of guidance they look for from futures trading. While global commodity exchanges probably perform this role more competently, the price signals they transmit are often not of much value to Indian commodity sector players because the domestic commodities market is not yet fully integrated with the global market. |
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| IIM-L sees 25 per cent rise in summer job offers | 11-NOV-09 |
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| The first phase of summer placements at the Indian Institute of Management, Lucknow (IIM-L), which began in the last week of October, saw a 25 per cent increase in the number of offers as compared to last year. |
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| Marico tests cooling hair oil segment | 08-NOV-09 |
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| Fast moving consumer goods (FMCG) major Marico plans to enter the cooling hair oil segment by launching two products — Parachute Advanced Cooling Oil and Nihar Naturals Cooling Oil. The products are currently being test-marketed in a few rural belts — Parachute in Andhra Pradesh and Nihar cooling oil in Bihar and Jharkhand. |
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| Serving up a 'Super Ace' | 05-NOV-09 |
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| The 1.5x2.2 meter area where Ravindra Salunkhe sells vegetables and fruits at the upmarket Cuffe Parade in South Mumbai may look like just another case of an unauthorised hawker occupying prime space. |
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| FMC asks exchanges to curb turmeric futures prices | 04-NOV-09 |
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| Concerned with the 45 per cent increase in turmeric prices in just a month, commodity market regulator FMC has asked exchanges to take measures to arrest the volatility in futures rates. “We have directed the commodity exchanges to take pre-emptive measures to curb volatility in turmeric prices,” Forward Markets Commission (FMC) Chairman B C Khatua said. |
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