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Govt allows Pepsico to inject $200 mn additional equity
The government today cleared a proposal of the US-based soft drinks major Pepsico Holdings to inject additional equity of $200 million (around Rs 930 crore) into its Indian arm within three years. http://smallpersonalloans.org.uk

Lancor Holdings approves Rs 75 cr issuance of securities
Lancor Holdings, a realty major, has approved the further issue of securities up to a value of Rs 75 crore with domestic and international markets through various instruments. The decision ws taken in its board meeting yesterday.

News of the day

Government ups price, quota of levy sugar
Sugar prices, already at record highs, are set to rise further. The food ministry has decided to raise the levy price at which it buys sugar from mills to supply the public distribution system (PDS) by 50 per cent in Maharashtra and 63 per cent in Uttar Pradesh (UP) for the new sugar season starting next month. The two states account for 55 per cent of India’s sugar output. Prices have also been revised for other sugar purchasing states.
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Nifty ends at 2009-closing high

Sensex has finally ended (provisionally) at 17,336 - up 104 points. The Nifty ended (provisional) at 5,172 - up 27 points. Loan prepayment does not violate competition laws:Banks SRK stands by his IPL remarks, says India a welcoming place Obama proposes substantial jump in aid to Pak Oil rises on bullish US manufacturing data The Sensex has rebounded into the positive terrain and is now firm at 17,295, up 65 points. The BSE realty and the metal indices are up around 1.5% each. Reliance Infrastructure and Tata Motors have added 2.5% each a Rs 1,096 and Rs 764, respectively. Mahindra & Mahindra, ONGC, TCS, Sterlite and Tata Steel are firm, up 1% each. Jaiprakash Associates is the most prominent loser still on the Sensex, down 2% at Rs 143. NTPC, Bharti Airtel and ITC, down 1% each. The market breadth is fairly positive, out of 2,865 shares traded, 1,602 have advanced and 1,169 have declined so far on the BSE.


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