| ICEX gets 250 members | 20-NOV-09 |
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| Indian Commodity Exchange Ltd (ICEX), which will go live soon, has enlisted 250 members. The majority of the members have been approved by the Forward Markets Commission (FMC) and the unique codes have been allotted. |
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| 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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| ITC hikes prices of two cigarette brands | 19-NOV-09 |
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| FMCG major ITC, the largest player in the domestic cigarette market, has increased prices of two of its brands, India Kings and Benson & Hedges, by Rs 10 and Rs 5, respectively. |
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| Index closes below 17,000 | 19-NOV-09 |
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| Investors today pulled down the stock market benchmark Sensex below 17,000 points-level, as they sold banking, oil and gas and state-run companies’ shares to make profits. |
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| Brokers shy away from ICEX membership | 19-NOV-09 |
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| Traders and brokers seem cautious about taking membership in Indian Commodity Exchange (ICEX), the fourth commodity futures exchange, promoted by Indiabulls Financial Services and public sector MMTC. |
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| Bhupesh Bhandari: The reign of rural retail | 19-NOV-09 |
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| Monsoon rains have been 23 per cent deficient this year. As the news from the Met office worsened week after week right through June, July and August, marketers became a worried lot. Urban markets had turned soft well over a year ago. The financial meltdown and fears of joblessness made it worse. But rural markets had held steady. The farm loan waiver, National Rural Employment Guarantee Scheme and increases in support prices of major crops in the run-up to the general elections ensured adequate money in the hands of rural customers. |
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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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| Record FII fund inflows not alarming: FM | 18-NOV-09 |
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| The government today said record invesments in the equities market by foreign investors was not a matter of concern, but it would act if it finds any distortions. |
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| Godrej strengthens roots in villages with regional ads | 18-NOV-09 |
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| Most fast moving consumer goods (FMCG) companies have a two-pronged strategy to tap rural markets. It comprises launching nano packs and scaling up rural distribution. Godrej Consumer Products Ltd (GCPL) is going a step further by adding a regional advertising component. |
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| Wipro: Strengthening Yardley | 17-NOV-09 |
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| With the acquisition of the Asia, Asia-Pacific and North Africa businesses of Yardley from the UK-based Lornamead Group, Wipro Consumer Care and Lighting (WCCL), Wipro’s FMCG arm, is ready to fast-track its business which contributes around 8 per cent to the overall revenue. It forked out $45.5 million (around Rs 210 crore) for the assets, which is a little over twice their annual revenue. |
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