Trillion triumph for CSE
Regained investor confidence along with falling
inflation and bank interest rates spurred the Colombo Stock Market
to the rank of the best performing market in the world. Market
capitalization topped the Rs. 1000 billion mark (1 trillion) on
Tuesday recording the highest in the Stock Market history enticing
more foreign investors.
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Aegis getting stronger with Ismart-Timex
Aegis Ltd., a leading global BPO provider and a
subsidiary of Essar Group of India acquired 80% shares of Ismart-Timex
(Pvt) Ltd., a leading BPO service provider in Sri Lanka, another
Indian company. The balance 20% shares continues to be with the
selling shareholders Timex Garments Ltd.
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Indian finance academic moots world energy fund
Reducing financial volatility, fostering
employment growth and sustainable environment, restructuring the
pension system, refocusing on organic agriculture, establishing
fiscal discipline and reorganising the role of IMF are the key
challenges we are faced with today, said Prof. J.D. Agarwal.
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