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Prasad holds 17,433 shares in RIL
Reliance Industries today said PMS Prasad, who has been recently inducted into the company board, holds 17,433 equity shares in the company but does not own any derivatives of the shares. http://smallpersonalloans.org.uk

Markets extend gains; Nifty up 48pts
Markets have continued to gain. The Sensex is at the day"s high of 15,418, up 183 points. The Nifty is at 4,572 - down only six points from the day"s high. The index is up 48 points from the previous close.

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Banking stocks at 52-week high on hopes of credit growth
The banking stocks continue to rule high on the back of stimulus measures by the Reserve Bank of India that helped revival of economic growth and attraction of foreign funds. Key economic data like the recent Index of Industrial Production (IIP) indicated likely swift recovery of the economy. Factory output at 10.4% in August registered the highest growth rate in 22 months.
Public Relations

Govt relaxes visa conditions for tourists

The government has relaxed the visa conditions that require a foreigner to take a two-month break before re-entering the country, Home Minister P Chidambaram said here today. - Govt to raise Rs 97,000 cr through T-bills - Fiscal deficit rises by 73% till Nov - No sign of pension reforms in 2009 - Govt seeks public opinion on draft consumer policy - Telangana issue: Centre calls meeting on Jan 5 - Govt okays 9 FDI proposals worth Rs 524 cr As per the relaxation, a foreigner using India as a "hub" to go to neighbouring countries can enter India thrice during the 60-day cooling-off period. In the wake of David Headley case, government recently made it mandatory for foreigners having long-term multi-entry tourist visa to leave the country for two months before coming in again. "The visa rules for tourists were tightened. Hereafter, after the tourist visits India and leaves the country, there has to be a break of 60 days before he or she can apply for another tourist visa," Chidambaram said at a press conference here. He said the "overwhelming majority" of tourists who visit India for a few weeks would face no difficulty whatsoever because of tightening of rules by India. "There is a very small number of tourists who use India as a hub and visit neighbouring countries. In such cases, if the itinerary shows visits to India and other countries as part of the same trip, we have allowed the Visa Issuing Authorities to relax the 60-day period and permit up to three entries into India," he said. Chidambaram insisted that there were no differences between the Home Ministry and Ministry of External Affairs on the visa issue and both were on the "same page and reading from the same song too".


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