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Exports were in line with FTP targets, except for FY09
India"s exports were in line with the Foreign Trade Policy (FTP) 2004-09 targets but for the last fiscal when the country"s merchandise trade became a victim of demand recession in the US and Europe and ended flat.

Court extends judicial custody of Satyam accused
A local court posted the petition filed by the Central Bureau of Investigation (CBI) asking it to start the hearing in the Satyam case to December 23. The CBI said it was ready to handover the documents to the accused so that the court could begin the hearing of framing of charges.

News of the day

IIA in pact with German industry body for MSMEs project
The Indian Industries Association (IIA), an apex body of SMEs, has joined hands with Germany-based Confederation of Skilled Crafts to work for a development project for micro, small and medium enterprises (MSME) in Uttar Pradesh.
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Ansal Infra to raise Rs 203 cr

Real estate developer Ansal Properties & Infrastructure today said that it will raise Rs 203 crore through issue of shares on prefertial basis and issue of warrants. - Omaxe launches Rs 100 cr township proj in Allahabad - Ackruti City Q1 net profit dips 95% to Rs 7.20 cr - Don"t follow Chinese in establishing SEZs: Book - Credai welcomes cut in stamp duty on residential projects - Puravankara budget housing project gathers steam - Puravankara Projects net down 70% In a filing to the Bombay Stock exchange, the company said that it will raise funds by issuing up to 1.65 crore warrants to promoters and promoters group through preferential issue. In addition it will issue up to 1.26 crore of equity shares of Rs 5 each, by way of preferential issue to IPRO Funds Ltd, Mauritius, a registered Foreign Institutional Investor (FII). The company will place the matters before the shareholders at the Annual General Meeting on September 29, 2009. The shares of Ansal infra was trading at Rs 80.55 down 4.53 per cent from its previous close.


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