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India fail to reach QF in Asian Championship

Jakarta, Sep 3 (UNI) India failed to qualify for the quarter-finals of the 14th Asian Senior Men's Volleyball Championship despite blanking Kuwait 3-0 in a their last group encounter here.

In an one-sided Group D match yesterday, Indian spikers outclassed Kuwait 25-19, 25-22, 25-17. But this emphatic win was not enough for India to clinch a last eight berth as Australia made it to the next stage from their group with an unbeaten record in the championship.

The 27th-ranked Indian team finished second in their group, with a 2-1 record -- losing their first match to Australia, but winning the next two against Kazakhastan and Kuwait.

The other teams who have made it to the quarter-finals were hosts Indonesia, Thailand, Chinese Taipei, Iran, Korea, Japan and China.

They will be divided into two pools -- Pool E and Pool F -- and will play against each other in a round robin format.

UNI

Sensex surges by 103.45 points

Mumbai, Sep 3: Continuing its upward march, The Bombay Stock Exchange (BSE) Sensex today surged ahead by 103.45 points to settle higher at 15,422.05, buoyed by stronger than expected economic growth data, taming inflation and a rally in US stocks. ''The market was steady throughout the day on continued buying interest for index pivotals. It opened above the 15,400 level at 15,401.99 following the rally in US stocks in its last trading session, after Federal Reserve's chairman Ben Bernanke and US president.....

SEBI prevents ISE member and their directors from dealing

Mumbai, Sep 3 (UNI) Securities and Exchange Board of India (SEBI) has prohibited Mega Millennium Investment Pvt. Ltd, a member of Interconnected Stock Exchange of India, and their directors for buying, selling or dealing in securities in any manner either for themselves or for their clients till further orders by SEBI. The SEBI has barred these entities from operating in the market for their alleged involvement in borrowing of securities from gullible investors by misrepresentation and fictitious means. They also failed.....

SEBI withdraws HSEs recognition

Mumbai, Sep 3 (UNI) Securities and Exchange Board of India (SEBI) has withdrawn recognition granted to Hyderabad Stock Exchange (HSE), as it had failed to dilute 51 per cent of its equity share capital to public other than shareholders having trading rights on or before August 28, 2007. The SEBI's de-recognition to the HSE was effective from August 29, 2007. The SEBI has withdrawn the recognition of the HSE in terms of section 5(2) of the Securities Contracts (Regulation) Act,.....
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