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India Eco Summit: ICICI to reduce stake in Firstsource
ICICI Bank today said it would reduce its stake in BPO company Firstsource in a phased manner, even as there are reports of appointment of a merchant banker for exiting from the outsourcing company. http://smallpersonalloans.org.uk

Asian markets in red
The Hang Seng has slipped 111 points to 22,516.

News of the day

Food laced with drugs: Kasab
Pakistani gunman Ajmal Kasab has complained to the 26/11 terror trial court that food given to him in jail is laced with tranquilisers, but medical experts say there is no truth in his allegations, special public prosecutor Ujjwal Nikam said here today.
Small Business

Domestic institutions net sellers of Rs 876cr

Domestic institutional investors (DIIs) were net sellers of Rs 875.92 crore (provisional) today, according to data released by BSE. - FIIs net buyers Rs 1,172cr in F&O on Friday - Maintain Nifty target of 4,750 - Bond yields to remain elevated - Equity funds' best gain in 17 years - FIIs net buy Rs 1,172cr in F&O on Friday - FIIs net buyers of Rs 832cr in cash mkt today While DIIs made gross purchases of Rs 1,019.38 crore, gross sales totalled Rs 1,895.30 crore. Foreign institutional investors (FIIs) were net sellers of Rs 14.47 crore today. While FIIs made gross purchases of Rs 2,424.20 crore, gross sales totalled Rs 2,438.67 crore. FIIs were net buyers of Rs 1,417.40 crore on Friday, June 5, according to data released by Sebi today. While FIIs made gross purchases of Rs 4,550.60 crore, gross sales totalled Rs 3,133.20 crore. Mutual funds (MFs) were net sellers of Rs 40.90 crore on Friday. MFs made purchases of Rs 916 crore and sales of Rs 956.90 crore.


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