Friday, July 30, 2010

Sensex ends 123 points down

Sensex ends 123 points down

Sensex ends 123 points down

Posted: 30 Jul 2010 06:20 AM PDT

Late selling pressured a benchmark index for Indian equities on Friday to close 123 points lower on a lacklustre day of trade. Global markets too exhibited a negative tendency.

Indian Hotels to raise room rates this year

Posted: 30 Jul 2010 07:39 AM PDT

Tata Group-controlled Indian Hotels Co Ltd (IHCL) plans to raise its room rates this year, a senior company official said on Friday.

Dadri plant ready for Commonwealth Games

Posted: 30 Jul 2010 06:50 AM PDT

State-run NTPC on Friday commissioned a 490-MW unit under its thermal power project at Dadri, in Uttar Pradesh, which will ensure uninterrupted power supply for the upcoming Commonwealth Games.

'Not surprised Raju has retracted confession'

Posted: 30 Jul 2010 01:01 AM PDT

Corporate affairs minister Salman Khurshid on said that he is not surprised that B Ramalinga Raju has retracted his infamous January, 2009, confession of perpetrating accounting fraud at Satyam.

Reliance MediaWorks says not in talks for Inox

Posted: 30 Jul 2010 01:56 AM PDT

Reliance MediaWorks said on Friday it was not in talks to buy a controlling stake in cinema chain operator Inox Leisure, responding to a media report that it had made on offer for the rival firm.

Rupee weakens by 7 paise against dollar

Posted: 29 Jul 2010 09:33 PM PDT

The Indian rupee depreciated by 7 paise to 46.60 a dollar in early trade at the Interbank Foreign Exchange market, largely on month-end dollar demand from importers and capital outflows by foreign funds.

JPMorgan cuts share price target on Hero Honda

Posted: 30 Jul 2010 01:54 AM PDT

JPMorgan on Friday cut its share price target for India's Hero Honda to Rs 1,845 by next March from Rs 1,915, following disappointing quarterly results.

Is Noel Tata being groomed to succeed Ratan Tata?

Posted: 29 Jul 2010 09:27 PM PDT

The role of the 53-year-old Noel Tata just got bigger in India's biggest conglomerate on the 106th birth anniversary of JRD Tata, setting tongues wagging, yet again, on it being a step in the group's succession plan for top job.

Accenture, Satyam, L1 win UID deal

Posted: 29 Jul 2010 09:22 PM PDT

The Unique Identification Authority of India (UIDAI) has selected Accenture, Mahindra Satyam-Morpho and L1 Identity Solutions to implement the core biometric identification system in for the 'Aadhaar' programme.

Sensex trading 49 points lower

Posted: 30 Jul 2010 12:32 AM PDT

A benchmark index for Indian equities Friday afternoon was trading quiet, tracking negative other Asian markets.

India invites UK to invest in infra

Posted: 29 Jul 2010 12:06 PM PDT

India on Thursday invited British investments into infrastructure, clean technology and food processing.

Food inflation in single digits

Posted: 29 Jul 2010 11:48 AM PDT

For the first time this year, food inflation shrunk to single digit at less than 10% in the week ended July 17, providing the government a much-needed shield to ward off concentrated Opposition attack in and outside Parliament over rising food and fuel prices.

ET Tax-Wizard makes life easy

Posted: 29 Jul 2010 12:09 PM PDT

If you dread the queues and haven't filled your tax returns, about time you do it now. Don't worry, the ET Tax Wizard, allows you to file your returns at the click of a mouse

Sun wins patent case against Eli Lilly

Posted: 29 Jul 2010 12:03 PM PDT

Sun Pharma on Thursday claimed victory over Eli Lilly and Co in a patent litigation over Gemzar, used in cancer treatment, with a US federal court ruling in its favour.

SAIL Q1 net dips 11.5% to Rs 1,177cr on lower sales

Posted: 29 Jul 2010 12:04 PM PDT

SAIL on Thursday said its profit for the first quarter of the current fiscal declined by 11.5% to Rs 1,176.5 crore mainly due to lower sales and high input cost.

Indian Hotels to raise room rates this year

Posted: 30 Jul 2010 07:39 AM PDT

Tata Group-controlled Indian Hotels Co Ltd (IHCL) plans to raise its room rates this year, a senior company official said on Friday.

Google changes tune, search still working in China

Posted: 29 Jul 2010 06:24 PM PDT

Google says its search engine and several other services are working normally in mainland China after previously reporting the service had been completely blocked.
Posted by Harshad at 8:57 AM

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