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Sewa-promoted entity aims to set up NBFC
With its micro finance portfolio expected to cross Rs 500 crore, Ahmedabad-based non-profit organisation Friends of Women’s World Banking (FWWB) is floating an NBFC, Ananya Finance for Inclusive Growth (AFIG). The NGO, promoted by Self Employed Women’s Association (Sewa) Bank, expects to receive the Reserve Bank of India (RBI)’s approval soon for the new entity.

US needs to build climate partnership with India: Kerry
Against the backdrop of India"s insistence that it would not accept any legally binding emission reductions, a top US Senator has said the Obama Administration needed to build a “flexible” climate partnership with New Delhi to address the issue of global warming.

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Hershey says will not make bid for Cadbury
American chocolate maker Hershey Company today said it will not make a counter bid for British confectioner Cadbury, which has accepted the 11.9 billion pound takeover offer from US-based Kraft Foods.
Business Opportunities

Sensex flat; Tata Motors up 3%

The Sensex is now flat at 16,880, down 13 points. Among the sectoral indices, healthcare index has added 1.5% at 5,130. DLF has topped the value chart on the BSE with a turnover of Rs 86.07 crore. It is followed by Hero Honda (Rs 79.02 crore), Tata Steel (Rs 62.73 crore), HDIL (Rs 59.83 crore) and Unitech (Rs 46.37 crore). Unitech has led the volume chart on the BSE with trades of 5.74 million shares. It is followed by Cals Refineries (5.31 million), Suzlon Energy (5.25 million), Wire & Wireless (4.54 million) and Indowind Energy (3.57 million). The market breadth is fairly positive, out of 2,583 shares traded, 1,489 have advanced and 975 have declined so far on the BSE.


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