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Sugar prices hike on fresh demand

Mumbai, Mar 2 (UNI) Sugar prices hiked further on fresh demand, Bombay Sugar Merchants' Association traders said today.

Sugar in small and medium grade went up by Rs 10 and Rs 25 per quintal, respectively, on better buying support.

Sugar in ex-mill small and medium grades rose by Rs five each per quintal, respectively, due to improved demand.

Following were the spot wholesale rates per quintal: Small grade: Rs 1,450/1,490, Medium grade: Rs 1,475/1,565, Ex-mill: Small grade: Rs 1,445/1,470, Medium grade: Rs 1,475/1,490.

UNI

Government commits Rs 80,000 cr FDI in IT, Telecom sectors

New Delhi, Mar 2 (UNI) The government today said Rs 80,000 crore (19,820 million dollars) have been proposed to be invested in the country's booming telecom and IT sectors, with IBM alone planning to put in six billion dollars for expanding its software and telecom R&D facilities. ''An amount worth Rs 80,000 crore will be invested in the country's IT and telecom sector in two year's time,'' an official statement said. Other investment include SemIndia which has committed three billion dollars.....

Subex raises $180 mln via FCCBs

New Delhi, Mar 2 (UNI) Software company Subex Azure Ltd today said it has raised 180 million dollars through Foreign Currency Convertible Bonds (FCCBs) to fund the acquisition of Syndesis Ltd. The consideration for the proposed acquisition is 165.4 million dollars. ''This capital raising exercise of the convertible bonds, to be listed at the London Stock Exchange, represents an important milestone for Subex Azure,'' Subex Founder Chairman, Managing Director and Chief Executive Officer Subash Menon said. Syndesis Ltd is.....

USD flat; Euro and Yen up, Pound down

Mumbai, Mar 3 (UNI) Following are the indicative currency notes and travellers' cheques buying and selling rates per unit as supplied by Thomas Cook India here today. (Figures in Rupees) Currencies Buy Sell US dollar 42.20 46.25 Sterling pound 82.25 89.50 Euro 55.45 60.80 Australian dollar 33.40 35.85 Bahrain dinar 110.95 123.30 Canadian dollar 35.30 38.85 Danish kroner 7.25 8.25 Egyptian pound 6.00 8.25 Hongkong dollar 5.30 6.10 Japanese yen/100 35.85 38.90 Jordan dinar 56.20 63.85 Kuwait dinar 140.05 159.10 Malaysian.....
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