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UniverCell plans 700 stores
Chennai-based mobile retail chain, UniverCell, will be opening 700 stores across the country in the next two years. Each outlet will entail an investment of Rs 28 lakh.

Key resistance at 5,300 level
The markets continued to display range-bound movement for yet another week. The Sensex touched a high of 17,777, but steadily moved lower to 17,276. The index finally closed the week with a nominal gain of 14 points at 17,554.

News of the day

Cement despatch growth remains robust
The 224-million-tonne cement industry is yet again set to strike a growth of 10 per cent in June. If the initial numbers from the top cement makers are anything to go by, industry analysts said, the continuous robust growth will be maintained.
Business Opportunities

'One billion dollar loan sought from WB for urban dev projects'

India has sent a proposal to the World Bank seeking a loan up to one billion dollar to fund its urban development projects here, Lok Sabha was informed today. "Ministry of Urban development has taken initiative to get World Bank assistance for Urban Sector projects," its minister of state Saugata Roy stated in a written reply to a question in the Lower House.


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