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Emami eyes acquisitions, domestic and foreign
Kolkata-based FMCG major Emami is scouting for acquisitions in the domestic and overseas markets and says it can spend up to Rs 800 crore on this.

F&O OUTLOOK: Next big resistance at 5,400
As expected, the S&P CNX Nifty closed at 5,201 levels on long rollovers in index futures and key stocks futures. The index is expected to consolidate above 5,200 in the new series before moving above the short-term target of 5,350. The rollovers in the Nifty January futures, at 22 million, were at a five-month low, which indicates that bears are waiting in the wings. At similar point in July 2009, the Nifty had gained over 500 points in a couple months to move above 5,000 in September 2009. A similar trend may see the Nifty moving above 5,500 in the near future.

News of the day

News broadcasters oppose amendment of copyright laws
The issue of proposed amendments to the existing Copyright Act, 1957, is becoming a flash point between broadcasters and the Ministry of Human Resource Development (HRD), with news broadcasters asking the government to take them into confidence before undertaking any amendment to the law.
Management

Apollo Hospitals opens facility in Mauritius

Healthcare chain Apollo Hospitals today said it has opened a multi-specialty care centre, Apollo Bramwell Hospital, in Mauritius. - PE firm gets nod for Mauritius money, finally - Apollo Hospitals moves up on 53% rise in net - Triveni Engineering, Apollo Hospitals & Camlin Q1 results - b+ve-heiress/15/07/363537/" class="textMost" title="The B+ve heiress">The B+ve heiress - Hospital accreditation should be made mandatory: CII - Apollo Hospitals up 1% on rise in FY09 net Apollo Bramwell Hospital is a joint venture between British American Investment Co and Apollo Group, and has a capacity of 220 beds. "We believe that Mauritius serves as a strategic location which besides catering to the local population can also address the patient community in the African continent," Apollo Hospitals Group Chairman Prathap C Reddy said in a statement. The Apollo Group is committed to make Apollo Bramwell Hospital, a global centre of medical excellence by bringing in the best expertise, talent and technology, he added.


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