New Delhi: Prime Minister Manmohan Singh advised the textile business industry to look far-off and invest for the approaching two decades and not for the upcoming season.

Asking them to adapt to the altering situation by abbreviating costs and getting competitive, Manmohan guaranteed them that the administration would take all measures to make sure that real productive segments of the economy are not hurt by rupee appreciation.

New Delhi: For the week ended August 18, 2007, inflation based on the wholesale price index (WPI) descended to 3.94 per cent from 4.10 per cent in the previous week.

Mumbai: The Housing Lender HDFC today announced closure of its first sponsored HDFC International Real Estate Fund (HIREF) at $800 million, which would be invested in FDI-compliant Indian real estate plans.

According to a company release, the fund makes HDFC the biggest player in the realty private equity space in India.

One of the prime international realty pools, the nine-year close-ended fund, which was open only to foreign investors had been privately placed and subscribed by 28 investors.

Sun TV arm, South Asia FM (SAFL) has signed up a strategic partnership agreement with Red FM.