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Ackruti City QIP to open on Sept 3

Ackruti City will open the qualified institutional placement (QIP) issue to the qualified institutional buyers (QIBs) on September 3. This will be in respect of issue of equity shares of face value of Rs 10 each of the company.

Letters: What autonomy?

Everyone in a democracy has the right to express their opinions, but this right needs to be tempered sometimes. Tower of Babel (December 31) rightly points out that there are too many conflicting voices on the economy from senior government officials, and this is confusing the markets. There are various estimates of growth and the latest in this is from the Chief Economic Advisor who thinks India will move back to 9 per cent next year, and will overtake China in the next three-four years. If all of this is going to happen without India undertaking any serious reforms, why are we even worried about reforms — 9 per cent growth with a population growth of 1 per cent is more than good enough.

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Basu responding to treatment: Yechury

Ailing Jyoti Basu is responding to treatment and there is a positive change in his health condition, CPI(M) politburo member Sitaram Yechury said today.

Small Business

Banks fail to expand in Haryana

The state of Haryana, that claims to be numero uno on various economic parameters like per capita income, per capita investment and export of basmati rice among other things, is conspicuously lagging in expanding banking facilities in some pockets. Sensex ends up 35pts He said that banks should open new branches in such areas.