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Markets extend losses
The Sensex is quoting at 16,633, down by 232 points and the Nifty is placed at 4,922, lower by 81 points. http://smallpersonalloans.org.uk

Mukesh Ambani ranked 5th best CEO in the world
Mukesh Ambani, who heads India"s most valuable company Reliance Industries (RIL), has been ranked among top five best performing CEOs in the world by the prestigious Harvard Business Review.

News of the day

Pranab meets Rajapaksa today
Finance Minister Pranab Mukherjee will meet Sri Lankan President Mahinda Rajapaksa over lunch on Sunday to deliver a message of a worried United Progressive Alliance (UPA) government to address the rehabilitation issue more effectively and expedite the long-pending devolution of power for the Tamils.
Business Ideas

JP Morgan Asset Management announces top-level changes

JP Morgan Asset Management today announced the promotion of Christopher Spelman as the chief executive officer (CEO) of its India business and the appointment of Nandkumar Surti as the chief investment officer (CIO). - Positive outlook on investment in India, says survey The company also announced the resignation of its executive chairman Krishnamurthy Vijayan who will leave the company shortly to take up a senior position in another firm. In his new role, Spelman will be responsible for asset management business, including sales and marketing, product development, operations, staffing and budgetary controls, a press release issued here stated. Spelman has been with JP Morgan for over 12 years. Nandkumar Surti, the erstwhile CIO of Fixed Income at JP Morgan Asset Management, will now be the CIO for the entire India asset management business. Surti joined the firm in the year 2006 and has been instrumental in building a strong fixed income business for JP Morgan Asset Management in the country, release added.


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