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This is an archive article published on September 8, 2011

Briefly Business

The BSE Sensex closed above the 17,000 mark after nearly a month,gaining 202.19 points at 17,065,on all-round buying led by RIL amid strong overseas markets.

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Sensex up 202 pts,regains 17K mark after a month

Mumbai: The BSE Sensex closed above the 17,000 mark after nearly a month,gaining 202.19 points at 17,065,on all-round buying led by RIL amid strong overseas markets. The NSE 50-issue Nifty also improved by 60.35 points to end at 5,124.65.

‘Passenger vehicle sales to touch 5.6 million by 2017’

New Delhi: The Society of Indian Automobile Manufacturers on Wednesday said the size of the domestic passenger vehicles market is likely to touch 5.6 million units by 2017.

Competition watchdog orders probe against Apple

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New Delhi: Competition watchdog CCI has ordered investigations into allegations that Apple is limiting the availability of its products to a few service providers using its dominant market position.

BG Group in talks to buy stake in ONGC’s assets

New Delhi: The UK’s energy company BG Group is in talks to acquire a stake in the state-owned Oil and Natural Gas Corp’s gas discovery block off east coast,the company’s India head Walter Simpson said on Wednesday.

Panel discusses tax sops to manufacturing for FDI

New Delhi: Amid fears of slowdown,a meeting headed by Finance Minister Pranab Mukherjee on Wednesday discussed ways to increase tax benefits to the manufacturing sector to attract more overseas investment.

Centre rules out DEPB extension beyond Sept 30

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New Delhi: The government on Wednesday ruled out extending the popular export incentive scheme,DEPB,beyond September 30,even as it is working on an alternative mechanism to encourage exporters.

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