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Markets reverse losing streak amid high volatility
The Indian bourses opened marginally higher at 16,317.16 - up 28 points. points - mirroring positive cues from the global markets. The US markets ended on a positive note after the US Federal Reserve said that the conditions in the world"s largest economy are showing signs of improvement. The Dow Jones Industrial Average added 0.4 per cent and the Nasdaq Composite Index was up 0.8 per cent, respectively. The Asian stocks too started on a strong note however pared some gains towards end of the day. The Hang Seng was up 1.61 percent and the Nikkei added 1.5 per cent, respectively.

South sees 64% drop in private equity investments
Private equity (PE) investments in south India dropped 64 per cent between April and September 2009 to $626 million from $1,752 million during the same period last year. The number of deals too dropped 48 per cent, according to Venture Intelligence, a research service focused on PE and M&A

News of the day

Sun Pharma profit dips 11.49%
Sun Pharmaceutical Industries, India"s largest drug firm in terms of market capitalization, posted a 11.49 dip in net profit during the quarter ended September, compared to the same period last year, due to regulatory issues and the resultant loss of revenue for its US subsidiary Caraco Pharmaceuticals.
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Australia to provide India details of attacks on Indians

Amid a spate of attacks on Indians here, the Victorian government today said it will provide all relevant details to New Delhi on these incidents. - Attacks on Indians: Enquiries for study in Australia decline - Stocks, commodities up as Australia raises rates - Australia first advanced economy to lift rates since crisis - Coal India"s EoI for mine acquisitions attracts 52 global cos - Victoria Premier invites India businessmen to invest - Brumby criticised back home for not discussing Indian fugitive Victorian Premier John Brumby, who was on a week long trip to India to mend the troubled relationship, offered this suggestion to New Delhi, according to his spokesperson. "Premier Brumby made the offer to the Indian government to keep them appraised of progress of cases involving Indian citizens in Victoria. The updates will track the progress of cases through Victoria"s legal system," the official said. Brumby has been assuring Indian authorities of full support to curb any violence against Indians apart from following up the incidents of "racial crime". He has stressed that relationship between India and Australia was strong and the Indian community formed a vital part of the multicultural society in the state. The premier also urged the community to have complete faith in the legal system of the country. Around 30 Indian students were attacked in various cities from June to August. Last month, three Indians were "brutally bashed" by a group of around 70 youth here. The attacks against Indians described in the media as race-based caused some diplomatic discomfort between the two countries and sparked angry protests in India. Around 93,000 of the 430,000 foreign students in Australia are Indians.


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