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Mixed week for Smart Portfolios
With the exception of Ajay Parmar, fund managers found it difficult to negotiate the volatile markets. The Smart Portfolios benchmark, the S&P CNX 500 rose by 0.75 per cent during the week. An investment of Rs 10 lakh in the benchmark at the start of Season II on September 1, 2009, is today valued at Rs 10.80 lakh, a gain of 8 per cent.

Nitish invites India Inc to invest in Bihar
Assuring India Inc of full safety, Bihar Chief Minister Nitish Kumar today invited corporate honchos to invest in the state as there can be no inclusive growth unless the state catches up with the rest of the nation.

News of the day

Haryana gets World Bank assistance for coal fired projects
A loan agreement of $180 mn (Rs 845 cr approx) was signed on December 17 at New Delhi between the World Bank and the Government of India under the Coal Fired Generation Rehabilitation Project, for the Renovation and Modernisation (R&M) of coal fired generating units located in the states of Haryana, Maharashtra and West Bengal.
Corporate

Tata Steel invests Rs 5 cr on Keonjhar sports complex

Tata Steel has invested Rs five crore on developing the Dharani Dhar sports complex at Sankarpur in Keonjhar. - When the world was not enough - Flat steel to cost Rs 1,500/tn more from January 1 - Tata Steel up prices by Rs 2,000, SAIL withdraws discounts - As Stock markets rise, short sellers on the wrong foot - Tata Steel mulls rehab package for Corus staff - Markets remain buoyant This project has been designed and constructed by Jamshedpur Utilities Services Company Ltd (Jusco), a 100 per cent subsidiary of Tata Steel. The sports complex was inaugurated on Tuesday by state chief minister Naveen Patnaik. “The unveiling of the Dharani Dhar sports complex has made Keonjhar an unmatched place for nurturing sports talent in Orissa” Patnaik said after inaugurating the sports complex. He thanked Tata Steel for working for the empowerment of the Orissa people. H M Nerurkar, managing director, Tata Steel said, “Sports is a way of life at Tata Steel. The company has always been at the forefront in honing local talent and bringing it at par with national and international standards.” “Our efforts at Kalinganagar, Joda and Sukinda have started paying off. Young talents from the state are now being nurtured at Tata Football Academy, Tata Archery Academy and Tata Athletics Academy”, he added. Badri Narayan Patra, the state minister for housing and urban development; Prabin Chandra Bhanj Deo, minister for sports and youth services; Pratap Jena, minister for school and mass education; Debjani Chakrabarti, the Keonjhar district collector and Partha Sengupta, vice president were president on the occasion.The Dharani Dhar sports complex is designed to house an indoor games hall, spectators’ galleries and 400 meters running tracks. Besides, there is sufficient space within the complex for additional facilities that would be incorporated in a phased manner as per the requirement. The indoor games hall will include a gymnasium, a row of changing rooms for both male and female athletes as well as separate badminton, basket ball, and volley ball courts.


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