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GE Shipping adds Capesize carrier in its fleet

New Delhi, Mar 6 (UNI) GE Shipping today took the delivery of 1,64,796 dwt modern Capesize dry bulk carrier.

The ship named 'Jag Arjun' is the largest vessel in the company's dry bulk fleet and was contracted in September 2006.

With induction of the new carrier, the company's fleet of 42 vessels comprises 32 tankers (14 crude oil carriers, 16 product carriers, and 2 LPG carriers) and 10 drybulk carriers (1 capesize, 1 panamax, 5 handymax and 3 handysize) with an average age of 12.9 years aggregating 3.11 million dwt.

The company's current new building order book comprises eight product tankers (4 Medium Range and 4 LR1 Product tankers aggregating 0.47 million dwt).

UNI

UTI launches Gold Exchange Traded Fund in Bahrain

Dubai, Mar 6 (UNI) UTI Mutual Fund has announced the Bahrain launch of its UTI Gold Exchange Traded Fund, a first for the kingdom. ''This is an open-ended exchange traded fund designed to track the performance and yield of the gold,'' said UTI Asset Management Company Vice-President and Fund Manager Harsha Upadhyaya. The scheme will be invested in gold bullion and reflect the international price of gold in the market, he said adding that one unit of the fund would represent.....

Price rise to be checked without affecting growth: PM

New Delhi, Feb 27 (UNI) Prime Minister Manmohan Singh today said his government was trying to bring down the prices of essential commodities without affecting the growth process. ''We are trying to control inflation while stimulating the growth impulses in our economy, though it was a difficult task,'' he told reporters in Parliament complex. The government was also ready to discuss in Parliament the spiralling prices, he said. ''We are willing to discuss and debate all issues, be it Quattrocchi or.....

India gets unprecedented 480 pc rise in FDI inflows in Dec '06

New Delhi, Feb 27 (UNI) Foreign direct investment (FDI) inflows into India rose an unprecedented 480 per cent during December 2006 over the inflows in December 2005, Union Commerce and Industry Minister Kamal Nath indicated here today. "We received equity inflow of 2.04 billion US dollars in December 2006 compared to 0.35 billion US dollars in December 2005. This is the highest inflow ever into the country in a single month," he said. With this, the total inflows from April to.....
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