Tuesday, January 24, 2012

Sensex regains 17K

The BSE benchmark Sensex regained the crucial 17,000-mark level after nearly nine weeks by rising over 294 points in mid-session on Tuesday as investors cheered RBI move to cut the cash reserve ratio (CRR).

The Sensex, which commenced on a cheerful note, spurted by 294.71 points to 17,046.44 at 1245 hrs, a level last seen on 14th November, last year.

Similarly, the broad-based National Stock Exchange index Nifty crossed 5,100 mark levels by adding 94.80 points to 5,141.05 at the same time.

The upsurge was led by capital goods, banking, realty and metal stocks.

Engineering major Larsen and Toubro rose by 5 per cent, while banking giant State Bank of
India by 4.76 per cent. Private lender ICICI Bank gained 3.46 per cent.

Trading sentiment bolstered as the Reserve Bank of
India cut cash reserve ratio (CRR) by 0.50 percentage point to 5.5 per cent for the first time since 2009 and signaled future interest-rate cuts in its monetary policy review.

EU eases travel bans on Myanmar officials

EU eases travel bans on Myanmar officials

The European Union says, it is easing travel bans against top Myanmar officials after the government carried out remarkable political reforms. EU foreign ministers said in a statement on Monday that the recent release of political prisoners in Myanmar shows the government is determined to continue reforms. They also welcomed the easing of media restrictions and efforts to make peace with ethnic groups in the country.

The EU said, visa bans would be lifted for Myanmar's president, vice presidents, cabinet members and the speakers of the two houses of parliament. It said it will continue to examine lifting more sanctions, and that if Myanmar continues on a path of reform then further easing could come by the end of April. The EU and the United States had imposed sanctions on Myanmar for years because of the former military government's human rights abuses.

Indo-US Printmaking Exhibition ‘Multiple Encounters’ begins in New Delhi

Indo-US Printmaking Exhibition ‘Multiple Encounters’ begins in New Delhi
The second edition of the Indo-US Printmaking Exhibition titled ‘Multiple Encounters’ was inaugurated here today by the Union Minister for Culture, Kumari Selja in the presence of Shri K.R. Subbanna, Acting Chairman, Lalit Kala Akademi and Shri Michael Pelletier, Minister Counselor for Public Diplomacy, American Embassy. The exhibition is a display of the printmaking works of over 120 artists of repute from the USA and India. The exhibition has been painstakingly curated by a joint team of Indian and American printmakers who have taken pains to select relevant works to enhance the overall quality of the display.

As printmaking is a form of art that has a universal appeal among artists of all genres, the works on display have been created by some of our legendary Indian masters such as Jyoti Bhatt, Somenath Hore, Dipak Banerji, and others of their category. Even eminent printmakers of our times have been included in this impressive showing. The American contingent of prints are sourced from equally prominent sources so that the works have a high level of proficiency and artistic merit to their credit. Many of these printmakers have used innovative techniques and combination of material usage in their works, showcasing the latest trends and experimentations that are ongoing in this art form.

A detailed catalogue is being published to compliment the show. Several masters of yore have given personal interviews of their art journeys, enlarging on their experiments, inventions and the conditions under which they had pioneered printmaking in India. The exhibition has thus a scholarly and a visual appeal to its credit.

India-Japan Business Cooperation Committee

37th Joint Meeting of India-Japan Business Cooperation Committee
Federation House, Tansen Marg, New Delhi
Dear Sir / Madam,
I am pleased to inform you that a high-powered business delegation from Japan , led by Mr. N Ohashi, Chairman & Executive Director, Mitsui & Co. Ltd and Chairman , Japan -India Business Cooperation Committee (JIBCC), will be visiting India in January 2012. On this FICCI is organizing the 37th Joint Meeting of India-Japan Business Cooperation Committees on January 23rd, 2012 at 1330 hrs at Federation House, Tansen Marg, New Delhi .
Day: Jan 23, 2012
Time: 13:30 pm Onwards
Venue: Federation House, New Delhi

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