Exports up by 10.16 per cent India's exports staged a remarkable recovery by notching up a 10.16% growth in August after slipping to a meagre 2.11% in July. September showers aid monsoon The southwest monsoon in the current year has been normal with area weighted average rainfall for the country as a whole being 852.80 mm. The rainfall has however been less than the previous four years. Essar to seek 10-year rollover of FRN sans upfront payment Ruias of the Essar group will seek a 10-year rollover for the entire amount of the defaulted $250 million floating rate notes (FRN) of Essar Steel without any upfront payment. Shipping firms hike freight rates to Europe by 37% Shipping companies have hiked container freight rates from India to United Kingdom and Europe by almost 37.5% from $800 per teu (twenty foot equivalent units) to $1,100 per teu. Master Growth may go open-ended in Nov UTI's Master Growth, one of the largest equity funds in the country, is likely to go open-ended in the first week of November. The fund was launched in January, 1993, and is due for redemption in April, 2000.
Exports up by 10.16 per cent
September showers aid monsoon
Essar to seek 10-year rollover of FRN sans upfront payment
Shipping firms hike freight rates to Europe by 37%
Master Growth may go open-ended in Nov
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