Thursday, January 27, 2011

Sensex gains 36 points in opening trade

Sensex gains 36 points in opening trade


Sensex gains 36 points in opening trade

Posted: 27 Jan 2011 08:42 PM PST

Snapping a two-day losing streak, the Bombay Stock Exchange benchmark Sensex recovered by over 36 points in the opening trade on Friday on bargain buying by fund and retail investors in selective stocks.


Rupee falls 13 paise against dollar

Posted: 27 Jan 2011 08:41 PM PST

The Indian rupee depreciated by 13 paise against the dollar on Friday, as the American currency strengthened against other major currencies.


Sensex gains 36 points in opening trade

Posted: 27 Jan 2011 08:26 PM PST

Snapping a two-day losing streak, the Bombay Stock Exchange benchmark Sensex recovered by over 36 points in the opening trade on Friday on bargain buying by fund and retail investors in selective stocks.


GM to focus on models tailored for India

Posted: 27 Jan 2011 06:15 PM PST

Admitting mistakes in its Indian strategy over the past decade, US auto major General Motors on Thursday said it will focus on developing products that are tailored for the local market to drive a profitable and sustainable growth here.


Higher income but tepid growth at Yahoo!

Posted: 27 Jan 2011 06:11 PM PST

Anyone looking for signs of a Yahoo turnaround will have to wait a bit longer, after a lackluster fourth quarter and a disappointing forecast.


Lots of room in the cloud for your files

Posted: 27 Jan 2011 06:04 PM PST

In the old days of computing, you could carry only as many files as you had floppy disks. Then came hard drives and thumb drives, allowing those so inclined to carry entire digital encyclopedias in their pockets.


Realty drags sensex to 5-mth low

Posted: 27 Jan 2011 06:02 PM PST

Strong selling by foreign funds in the second half of Thursday's session pulled sensex down by 285 points to 18,684, its lowest close in nearly five months.


Car makers hit country roads to jack up sales

Posted: 27 Jan 2011 04:04 PM PST

Car companies are driving to smaller towns and rural areas to explore a big market in the 'real India' as metros are becoming more packed and competitive.


HP cloud suite to rival EMC-Cisco

Posted: 27 Jan 2011 04:03 PM PST

HP has launched a suite of new cloud products and services that seeks to rival the offerings by others like the EMC-Cisco-VMware alliance.

Households feel the pinch of rising prices

Posted: 27 Jan 2011 03:51 PM PST

Rising vegetable prices, transport costs and house rents are slowly squeezing household budgets forcing families to cut down on their food budgets and leaving them with virtually nothing to save.


Ex-Diageo execs team up to tap brandy boom

Posted: 27 Jan 2011 11:42 AM PST

A group of honchos who spearheaded drinks giant Diageo's Indian operations have co-founded a start-up firm that hopes to tap the emerging "brandy revolution" in the country.


Food inflation above 15% for 4th week

Posted: 27 Jan 2011 11:26 AM PST

Food inflation remained above 15% for the fourth consecutive week in mid-January on the back of high onion, fruit and vegetables prices.


Hamleys opens in Chennai

Posted: 27 Jan 2011 10:01 AM PST

London-based toy retailer Hamleys opened their Chennai store in the recently opened Express Avenue mall on Thursday.


BEML announces wage settlement

Posted: 27 Jan 2011 09:50 AM PST

Defence PSU BEML has concluded a wage settlement with four of its employee unions. The settlement will be in force for a period of ten years with effect from January 1, 2007. Some 9,382 employees will benefit from the settlement.


Rupee inches up post euro rise, outlook weak

Posted: 27 Jan 2011 08:02 AM PST

The Indian rupee ended marginally stronger, but off the day's high amid choppy trade, as a sharp rise in the euro against majors in late trade outweighed weak local shares and strong demand for dollars from oil importers.


HDFC Bank Q3 net up 33% to Rs 1,088cr

Posted: 27 Jan 2011 03:34 AM PST

Private sector lender HDFC Bank today reported a 32.9 per cent growth in net profit at Rs 1,087.83 crore for the third quarter ended December 2010.


Emerging economies fed up by west lecturing: Premji

Posted: 27 Jan 2011 03:10 AM PST

Wipro chairman Azim Premji expressed his disappointment with the US seeking more market for its goods in the developing economies, while putting restrictions on its import of services.

Emerging economies are fed up by West lecturing: Premji

Posted: 27 Jan 2011 03:10 AM PST

In a harsh criticism of the US "restrictive" policies, Chairman of India-based Wipro Azim Premji told the gathering of global CEOs that the emerging economies are "more than fed up" of being lectured by the west to open their economies without any reciprocity.


Sensex falls 285pts on rising inflation, rate hike

Posted: 27 Jan 2011 03:00 AM PST

The BSE benchmark Sensex fell over 285 points to 18,684.43 amid rising food inflation and fears of further hike in interest rates, as investors adjusted positions on the last day of monthly derivatives contracts.


'First half of 2011 to see more jobs, salary hikes'

Posted: 27 Jan 2011 02:48 AM PST

Presenting an optimistic hiring scenario, majority of the recruiters expect creation of more jobs as well as good pay hikes for existing employees in the coming months, according to a survey.


Gold surges by Rs 19,955 per 10 gms

Posted: 27 Jan 2011 01:52 AM PST

Gold prices rose by Rs 56 to Rs 19,955 per 10 grams in futures trade as speculators indulged in created fresh position on pick-up in demand in the spot market.


Deregulation of diesel prices not possible: Reddy

Posted: 27 Jan 2011 01:45 AM PST

Oil minister S Jaipal Reddy on Thursday ruled out deregulation of diesel prices, saying it is not politically and practically feasible.


Mkts erases early gains on rise in food inflation

Posted: 26 Jan 2011 11:30 PM PST

Erasing initial gains, the BSE benchmark Sensex fell over 93 points at mid session today on funds selling, geared by a marginal hike in food inflation, amid revision in key interest rates by the Reserve Bank of India (RBI).


Food inflation up to 15.57%

Posted: 26 Jan 2011 11:28 PM PST

Snapping the downward trend of two consecutive weeks, food inflation inched up marginally to 15.57% for the period ended January 15, on account of escalating vegetable prices, particularly, onions.


Sensex eases further on mild selling

Posted: 26 Jan 2011 09:54 PM PST

The BSE benchmark Sensex declined further by 28 points in the early trade due to mild selling pressure in select counters ahead of the expiry of the January contract on Thursday.


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