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Hello, China
The People’s Republic of China marked its 60th birthday with a show of manpower. It was as spectacular and heartless as the opening ceremony of the last Olympics. These extravaganzas may be doing the nation a disservice abroad, by reinforcing stereotypes of the Chinese as obedient, mass-produced, and invisible as individuals; collectively, able to achieve feats of engineering and display; separately, merely well trained. What an appalling public relations burden to carry! At least India and Indians are defined in the foreign imagination by chaos, layers and infinite variety, which seems somehow more human and forgivable.

ABG pulls out of race to acquire Great Offshore
ABG Shipyard, which is locked in a take-over battle for Great Offshore with Bharati Shipyard, today backed out of the race by selling 8.27 per cent stake in the offshore drilling firm, a day after its rival raised the open offer price to Rs 590 per share.

News of the day

Insurance brokers insist on speedy licence renewal
The Insurance Brokers Association of India (IBAI) today demanded implementation of a mechanism to reduce delays in renewal of licences and dubbed the recommendations of the Swarup Committee as being “unpractical” and “misconceived”.
Public Relations

DIIs net sellers of Rs 171 cr in cash mkt today

Domestic institutional investors (DIIs) were net sellers of Rs 171.16 crore (provisional) today, according to data released by BSE. - FIIs net sellers of Rs 73cr in F&O on Friday - FIIs raise holding in frontline IT stocks - FIIs net sellers of Rs 73cr in F&O - FII-TO-FII TRADES: PNB traded at 6% premium - Volumes in currency futures up - FIIs net sell Rs 479cr, DIIs net buy Rs 173cr While DIIs made gross purchases of Rs 1,381.17 crore, gross sales totalled Rs 1,552.33 crore. Foreign institutional investors (FIIs) were net sellers of Rs 2.74 crore today. While FIIs made gross purchases of Rs 2,108.28 crore, gross sales totalled Rs 2,111.02 crore. FIIs were net sellers of Rs 48.80 crore on Friday, October 23, according to data released by Sebi today. While FIIs made gross purchases of Rs 2,942.40 crore, gross sales totalled Rs 2,991.10 crore. Mutual funds (MFs) were net sellers of Rs 308.80 crore on Friday. MFs made purchases of Rs 618 crore and sales of Rs 926.90 crore.


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