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FIIs net buy Rs 516cr, DIIs net sell Rs 472cr
Foreign institutional investors (FIIs) were net buyers of Rs 516.10 crore (provisional) today, according to data released by BSE.

Dr Reddy's to invest Rs 750 crore in two SEZs
Dr Reddy"s Laboratories (DRL), the second largest drug maker in the country, would invest about Rs 750 crore ($ 150 million) in setting up two special economic zones (SEZs)- one in Visakhapatnam and another in Hyderabad.

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Weekly review: Markets slip on inflation fears
Inflation proved to be the market"s Archilles heel this week. The Sensex traded in a narrow range of 582 points before ending weaker by 399 points at 16,719 and the Nifty closed at 4987, lower by 129 points. Dalal Street closed below the dotted line on four out of the five trading sessions.
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Consider 11-digit mobile numbers for new series: AUSPI

CDMA operators association AUSPI has asked the Government to consider introduction of 11- digit numbering scheme for mobile operators to take care of the crunch of numbers due to the growing list of users. - Uninor aims to break even in three years - Toyota to produce 70,000 compact cars in 1st year - Sun TV up on restructuring plans - DB Corp fixes IPO issue price at Rs 212 per share - Nalco up on hike in prices - HC stays arrest warrant against Raj Thackeray till Jan 4 "11 digit numbering scheme is imminent to meet long term requirement of mobile services and new services like PSTN connected internet telephony," it said in a letter to Telecom Secretary P J Thomas. It said 11-digit numbering scheme would cause minimum disturbance for subscribers through pre-fixing "9" on all existing mobile numbers. "The shift would provide innumerable new numbers which would be sufficient to meet the numbering resources requirement for all time to come besides it has low cost implication and short time line for implementation," Association of Unified Telecom Service Providers of India (AUSPI) said. National Numbering Plan, 2003 which was formulated with a projected forecast of about 50 per cent tele-density by the year 2030 has not met the numbering requirement. To address the immediate problem of mobile numbers, the government as national numbering administrator had taken certain decisions like use of level "8" and "95" for mobile number. AUSPI said if the Government starts looking for alternative levels like 7 to meet the mobile number demand for the next 3 to 4 years, it should drop that proposal as level "7" is disruptive and likely to cause more inconvenience for consumers.


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