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Don't come fishing for account details, Swiss banks tell India
Swiss banks may have turned over client details to the US, but they have said India is not welcome there on a name-fishing expedition.

Back in business?
While the owners of the debt-laden retail chain Subhiksha Trading Service refuse to comment on what’s happening after it shut all its shops over the last year, there is some activity taking place. At one outlet in Chennai, for instance, labourers can be seen renovating the place and stocks are being brought in as well. When a photographer of this newspaper took photographs, staffers from the shop came and snatched the camera and released it only after all photographs were deleted. The company, which has dozens of legal cases against it — it owes banks Rs 870 crore and owes another Rs 107 crore to unsecured lenders — had earlier stated it just needed Rs 300 crore of cash infusion to restart the business.

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Saudi Haj tourism loss highest in 50 years
Saudi Arabia’s Haj and Umrah industry may suffer a loss of more than 3 billion Saudi riyals ($799 million) this year, the biggest in the last 50 years, owing to swine flu.
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FII-TO-FII: Grasim Ind traded at 3% premium

Trades between FIIs generated a volume of Rs 106 crore on the BSE Thursday-an increase of 296.11% from Rs 27 crore clocked on Wednesday. As many as five stocks witnessed trades of 16 lakh shares on Thursday. - FII-TO-FII: Pantaloon traded at 7% premium - FII-TO-FII: Grasim Ind traded at 3% premium - Grasim Q1 net up 61% to Rs 1,080 cr - Grasim Industries Q1 net profit at Rs 1,080 cr - FII-TO-FII: Grasim Ind traded at 3% premium - FII-TO-FII: Grasim Ind traded at 2% premium Grasim Industries was traded at highest premium of 2.81% on BSE with 31,772 shares changing hands at Rs 2,829.75 as against the spot price of Rs 2,752.40. Union Bank of India was traded at second highest premium of 1.90% on BSE with 530 shares changing hands at Rs 238.25 as against the spot price of Rs 233.80. Scrip FII Close* FII shares# Spot Close@ Premium To spot price % BSE Grasim Ind 2829.75 31772 2752.40 2.81 Union Bank 238.25 530 233.80 1.90 Punjab Nat Bank 712.10 609525 704.80 1.04 Bank of Baroda 422.00 593953 425.35 -0.79 NSE Punjab Nat Bank 705.10 400000 705.00 0.01 * FII-Close is the closing price of the scrip under FII-to-FII trades # FII-Shares is the total number of shares traded under the FII-to-FII trades @ Spot close price is the closing price in the cash market Bank of Baroda was traded at discount of 0.79% on BSE with 5.94 lakh shares changing hands at Rs 422 as against the spot price of Rs 425.35.


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