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Trai seeks views on FDI and norms for TV channels
Broadcasting regulator Telecommunications Regulatory Authority of India (Trai) today sought views of stakeholders in the sector on issues such as raising limits on foreign direct investment (FDI) and on whether there is need for modifications in uplinking and downlinking guidelines for television channels.

Jyothy Lab eyeing acquisitions
The nearly Rs 150-crore FMCG company, Jyothy Laboratories, is looking for acquisitions of regional brands worth up to Rs 100 crore. The company is present in the fabric care, utensils washing and personal care segment with brands like Ujala, Maxo and Exo.

News of the day

Markets extend gains
The Sensex has extended gains and touched a high of 17,554 - up 90 points. The Nifty is up 30 points at 5,231.
Business Ideas

M&M erases gains, ends flat

Mahindra & Mahindra gave all its gains and slipped to a low of Rs 813. The scrip finally settled flat at Rs 820. The counter clocked volumes of 239,425 shares as compared to the two-week daily average traded volumes of 277,548 shares. ______________________________________________________ UCO Bank seeks shareholders" nod for fund raising Negative view on state-run oil cos: Fitch Jan cement sales in high double-digit The stock opened at Rs 830 and soared to a high of Rs 844. The scrip is now trading at Rs 834, up over 1.5% from the previous close. The counter has clocked volumes of 52,437 shares. The company had entered into the two-wheeler sector with the acquisition of 80% stake in Pune-based Kinetic motor company for Rs 110 crore last year. The companay unveiled two-scooters- Mahindra Rodeo and Mahindra Duro. These are the first indigenously developed products of the company. Mahindra & Mahindra is open to alliance in the two-wheeler space which will give them either market or technology. Read here for more news: Mahindra expands scooter range with two launches


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