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When I'm CM
West Bengal’s assembly elections may be due only in early 2011, but that’s not stopping Trinamool Congress chief Mamata Banerjee from preparing to become the state’s next chief minister. She has assigned two economists the task of preparing a blueprint for the economic revival of the state. Both economists are frequent contributors to various newspapers and are known to be votaries of free enterprise.

No plan to abolish import duty on rice: Sharma
Amid rice prices going up, the government today said it has no plans to abolish customs duty on rice import for now as there is sufficient stocks of the foodgrain.

News of the day

Shree Renuka at new 52-wk high on overseas acquisition
The stock touched a high of Rs 233 and finally settled 4% higher at Rs 228. The counter clocked volumes of 1.93 million shares on the BSE.
Business Ideas

Pantaloon Retail at 52-wk high

The stock jumped 8.4 per cent to Rs 377.30, a 52-week high, after the foreign institutional investor (FII) — Capital International A/c Emerging Markets Growth Fund Inc bought 1.09 million equity shares at a price of Rs 374.18 per share through block deal on the National Stock Exchange. - Resistance seen above 5,100 level - FIIs net buy Rs 193cr, DIIs net buy Rs 133cr - F&O OUTLOOK: Support can go down to 4,900 in near future - FIIs net sellers Rs 1,072cr on Wednesday - Support can go down to 4,900 in near future - FIIs net sellers Rs 1,081cr in F&O on Tuesday The company raised Rs 500 crore through QIP route last month by issuing 15.82 million equity shares at price of Rs 316 per share. Before this QIP the FII holding was 20.9 per cent and post QIP issue, the FII holding will drop to 19.2 per cent. The limit for foreign ownership in this segment is 24 per cent and this will open up the window for FIIs to buy up to 9 million or 4.8 per cent shares in the company.


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