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XLRI gets Rs 5 lakh highest offer for global summer intern
The summer internship placements at XLRI School of Business and Human Resources, Jamshedpur, concluded with the entire batch of 240 students of the 2009-2011 batch being placed in reputed Indian and international firms. The presence of some of the biggest names in the various sectors indicated that good times are back, giving XLRI an optimistic outlook for the impending final placements of the batch of 2008-2010.

Asian stocks rebound on Dubai financing; Japan shares decline
Asian stocks rebounded from earlier losses after Dubai secured $10 billion of funding to repay its debt. Japan shares dropped as a measure of business confidence showed companies are scaling back investment plans.

News of the day

World climate event set for March 27
Millions of people from Sydney to Sweden are set to switch off their lights on March 27, as part of the global "Earth Hour" campaign to highlight climate change, organisers said today.
Management

BSE suspends short selling in four scrips from July 31

The Bombay Stock Exchange (BSE) today said short selling in four scrips, including Corporation Bank and IndusInd Bank will not be available on the bourse with effect from July 31. - Nestle Q2 net up by 33% at Rs 162 crore - Reliance Infra Q1 net up 25% at Rs 317 cr - UCO Bank Q1 net rises 34.03 per cent - Parsvnath Developers Q1 net dips 81% at Rs 14 cr - FIIs net buy Rs 367cr, DIIs net sell Rs 287cr - Lanco Infratech ends flat Four scrips -- Aptech, Bajaj Holdings & Investment, Corporation Bank and IndusInd Bank -- would not be available for trading in the SLB segment with effect from July 31, the BSE said in a notice. These scrips have ceased to fulfill eligibility criteria and hence these scrips would not be available for trading in the Securities Lending and Borrowing segment, it added. Short selling is an activity wherein a investor sells shares without owning it.


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