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NSE, BSE volumes show y-o-y decline in August
While the key benchmark equity indices, Sensex and Nifty, have regained momentum and are trading at their yearly highs, the volumes have declined. Volumes in cash and derivatives segments declined 14 per cent and 6.3 per cent, respectively, on a month-on-month basis in August 2009, according to a study by domestic research house IDFC-SSKI.

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.

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CAG flays heavy expenditure by Mulayam govt on Safai airstrip
The Comptroller and Auditor General has termed as "unwise" the crores of rupees spent on the upgradation and extension of the airstrip in Safai, the native village of Mulayam Singh Yadav, during his tenure as Chief Minister of Uttar Pradesh.
Small Business

India 6th most active nation in global IPO space

A clutch of IPOs, including Asia"s third biggest by state-run NHPC, has propelled India to the sixth position in the list of most active nations in the global space of initial public offerings this year. - OIL may price IPO at Rs 1,000-1,100 a share - NHPC: Hot on hydro - US-owned GM plans to float IPO by July 2010 - NHPC IPO gains from good show by other PSU issues - Oil India IPO on September 7 - Oil India IPO to hit market on Sept 7 Though there has been a drastic fall, both in terms of IPO volume and value so far this year compared to last year, experts say the lull in the primary market is finally over and the markets are showing some signs of recovery. "The IPO activity in India has reached $707.1 million through five deals in 2009 so far this year, down 85 per cent from $4.9 billion via 36 deals in the comparable period last year," global deal tracking firm Dealogic said in a report. The report further said the recent lull in the market is finally over and the current bullishness in the primary market, has jacked up India to the "sixth most active nation in terms of global IPO activity so far this year, accounting for around 3 per cent of global IPO volume." Dealogic further said NHPC"s IPO would be the largest in India since Reliance Power"s $2.6 billion deal in January 2008, and the third largest IPO in Asia (ex Japan) region so far this year. This year five companies, including NHPC have hit the primary market but it was the IPO by Mahindra Holidays that enthused the corporate world to raise funds from the capital market.


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