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Nifty expected to lose its support of 5,200
The benchmark indices rose for the second straight day today with S&P CNX Nifty closing at a 22-month high of 5,278. Nifty January futures closed at a premium to the spot and added 1.05 million shares in open interest through buy-side trades, indicating fresh long build-up. However, the Nifty remained range-bound after opening at higher levels.

Auto component makers go slow on new investments
Despite the surge in automobile sales in recent months and new vehicle development programmes of car makers, auto component makers are wary of committing further investments in building new capacities. They have adopted a wait-and-watch attitude to see if the demand sustains. “Component makers are investing with caution and moving in a phased manner. They are not adding capacity in big strides, like a few years ago, but only incrementally,” said Ashok Taneja, president, Shriram Pistons.

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Electric and hybrid cars dominate
The usually choc-a-bloc bus parking lot at Makuhari Messe was deserted. There were no car company hoardings on the way to the Tokyo Motor Show venue either. Inside, the show was restricted to just three halls. There were no go-go girls in skimpy costumes dancing to loud techno beats. Missing in action were Ferrari and Lamborghini. No Jaguar or Aston Martin, either. Not even Volkswagen. The space normally occupied by the American giants was filled in with paintings by children – on an automotive theme, mind you.
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Attacks on Indians: Enquiries for study in Australia decline

Gulshan Kumar Pathania, president, Association of Australian Education Representatives in India (AAERI), has revealed that the recent attacks on Indian students in Australia has resulted in new enquiries coming down by 60-70%. “The impact of attacks on Indian students has been severe as the number of enquiries made by Indian students regarding studies in Australia has dipped significantly,” Gulshan added. Gulshan was here to discuss the role being played by Association of Australian Education Representatives (AAERI) to safeguard the interests of Indian students opting for studies in Australia. - Aus restricts agent access to e-visas for students AAERI is a self regulatory body of education agents formed in 1996 with around 160 agents in India associated with it. He added that although the number of queries had gone down still they were expecting 20% growth in number of Indian students going to Australia this year since no drop out in actual number had been registered. Although the data of students who went to study in Australia from India in the year 2009-10 is still not compiled, Gulshan added that they had not observed any significant decline in number of students actually going to Australia. Giving details about the 8-point action plan prepared by AAREI, Gulshan added that they were working closely with the Department of Immigration and Citizenship, Australian Education International and Australian High Commissioner on modules that would serve as guiding principles for Indian students planning to study in Australia. Also AAERI is working closely with the Indian community in Australia to understand the on ground situations and concerns.


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