| Sensex hits all-time high after new rules
NEW DELHI/MUMBAI: An ease in worries over a cap on foreign investment in Indian stocks and strong buying by funds yesterday led to India�s two bourses, the Bombay Stock Exchange (BSE) and the Nifty to climb new peaks.
The premier 30-stock Sensex market of the BSE ended trading at 19,243 points, its all-time high, gaining 2.5% or 472 points � with buying by domestic and foreign funds in capital goods, metals and banking stocks leading the rally.
The Sensex crossed the 19,000-point mark on October 15 after just four trading sessions. It had taken only 8 days to reach 18,000 points, on October 9, from the 17,000 point mark.
�The markets will be looking at two events � the announcement of domestic credit policy on October 30 and the federal Reserve Bank of India�s decision about credit ratio next month.
IT disposal: waste not
Every organisation has to dispose of used IT equipment. But how do you do it in an ethical and environmentally sound way - and potentially reaps some financial returns? Our reporter examines the options Written by Neal Saunders Accountancy Age, 11 Oct 2007 .
Nigeria: Diamond Bank's E-Products Target Students
Since schools reopened for new academic calendar, parents, guardians and schools have continued to take advantage of Diamond Bank Plc's online banking services to pay fees and also send money to their wards. Speaking to journalists in Lagos, the Head, Corporate Communications, Diamond Bank Plc, Ms Nkiru Onono stated that parents and schools had never had it this easy in terms of the payment and receipt of school fees. .
Thwart thieves by freezing credit
When it comes to keeping a thief from obtaining credit in your name, consumers have a tough weapon in the form of a so-called security freeze. When you freeze your credit report, you thwart would-be thieves by preventing creditors from checking your credit history. Few lenders will lend you – or a thief – money without first checking your credit report. Texans got added muscle in September, when a new law took effect that allows consumers to freeze their credit report without first having to have a police report. Previously, Texans couldn't freeze their credit reports unless they were victims of identity theft. .
Business Briefing
Lafrenz Ford holding canned food driveMASON CITY — Lafrenz Ford is holding a canned food drive through Thanksgiving.For each can of food a customer donates, he will receive $100 off the price of a vehicle up to five cans per customer.The food will be donated on Thanksgiving Day to the Hawkeye Harvest Food Bank in Mason City."At Lafrenz Ford, we are so very thankful to all our current and future customers for all your business, support and friendship," said General Manager Tim Behm, adding that the dealership wants to give back to the entire North Iowa community. Lafrenz Ford is located at 215 15th St. S.W.Wall Street makes late-day comebackNEW YORK (AP) — Wall Street ended a volatile week with a late-day comeback Friday after investors set aside some concerns about the banking sector and the health of the overall economy.Stocks began Friday’s trading having fallen in six of the prior seven sessions.
|
