Wednesday, March 30, 2011

Amazon faces backlash over ‘music locker’ service

Amazon faces backlash over ‘music locker’ service

Amazon faces backlash over ‘music locker’ service

Posted: 30 Mar 2011 03:30 PM PDT

A new Amazon.com service that lets customers store songs and play them on a variety of phones and computers is facing a backlash from the music industry that could ignite a legal battle.

Paper firms’ stocks zoom 20% after US co’s buy of AP Mills

Posted: 30 Mar 2011 03:29 PM PDT

Paper firms on Wednesday surged by up to 20 % on BSE, spurred by investors activity in the wake of buyout deals between US-based International Paper and Andhra Pradesh Paper Mills. Andhra Pradesh Paper Mills led the gains among paper mills, surging by the 20 % to touch its upper limit to Rs 236.15 on BSE.

iGate open offer for Patni to begin April 8

Posted: 30 Mar 2011 03:27 PM PDT

US-listed iGate's open offer for buying a little over 20% stake in Indian IT company Patni Computer Systems will begin on April 8 and close on April 27.

Dr Reddy’s closes GSK deal

Posted: 30 Mar 2011 03:13 PM PDT

Dr Reddy's on Wednesday announced the closure of the deal under which it acquired GlaxoSmithKline's oral penicillin facility in the US for an undisclosed sum.

SSTL issues Rs 54.7cr shares to Russia

Posted: 30 Mar 2011 02:56 PM PDT

Sistema Shyam TeleServices Lt (SSTL), a JV between Sistema of Russia, the Russian government, and the Shyam Group of India, said on Wednesday that it has issued 54,73,12,918 equity shares to the Russian government for the $600 million fund it received in December 2010.

Bill Gates tried to ‘rip me off': Paul Allen

Posted: 30 Mar 2011 02:54 PM PDT

Bill Gates plotted to grab Microsoft shares from his cancer-stricken business partner Paul Allen, the software firm's co-founder has claimed in a new memoir. Painting a unfavorable view of Gates and his rise to the pinnacle of global business, Allen details Gates' 1982 scheme to "rip me off," just as Microsoft was becoming a computing powerhouse with its MS-DOS system.

Citi set to seal Rs 1,000cr office deal

Posted: 30 Mar 2011 02:50 PM PDT

The city may soon record the largest transaction for commercial space with Citibank India close to paying approximately Rs 1,000 crore for space in an under-construction building at Bandra-Kurla Complex. The deal, expected to be concluded shortly, comes at a time when the property market is in the dumps.

‘Indian markets would do better than global indices'

Posted: 30 Mar 2011 02:37 PM PDT

The markets may be on a roller-coaster ride but 61% of Indian investors believe that it would do better than global indices in 2011. More than four out of five investors think that the Indian markets would outperform global peers over the course of this decade, according to a Franklin Templeton Global Investor Sentiment Survey.

Viewership soars with India-Oz tie

Posted: 30 Mar 2011 12:23 PM PDT

Even as we await the viewership numbers from the India-Pakistan encounter at Mohali, the latest ratings, from audience measurement agency TAM, show that the India-Australia quarterfinal registered a peak rating of 31.6, the highest so far in the World Cup, on ESPN Star Sports (ESS) and Doordarshan (DD) combined.

I-Sec files complaint against sub-broker's wife

Posted: 30 Mar 2011 12:21 PM PDT

ICICI Securities (I-Sec) lodged a police complaint against Reena Bansal six days ago on charges of fraudulent transactions through its clients' accounts. Reena is the wife of Rajeev Bansal, the deceased sub-broker of ICICIdirect.com who allegedly duped about 100 investors of shares and money worth crores.

Pay Rs 350 cr in a week: HC to Mahi-Sat

Posted: 30 Mar 2011 12:20 PM PDT

The Andhra Pradesh High Court on Wednesday directed Mahindra Satyam to pay Rs 350 crore to the income-tax department within a week and furnish an unconditional bank guarantee for another Rs 267 crore.

IndiGo to add 14 new aircraft in 2011-12

Posted: 30 Mar 2011 07:07 AM PDT

Low-cost carrier IndiGo on Wednesday said it will add 14 new Airbus A320 aircraft in its existing fleet of 38 in 2011-12 as it gets ready to launch its international operations in August-September.

Sensex closes 169 points higher

Posted: 30 Mar 2011 04:09 AM PDT

The 30-share BSE index Sensex on Wednesday rose 169 points, recording gains for the seventh straight day, on steady FII inflows and firm global cues as falling crude oil prices eased concerns of inflation.

Sensex closes 206 points higher

Posted: 30 Mar 2011 04:09 AM PDT

The 30-share BSE index Sensex on Wednesday rose 169 points, recording gains for the seventh straight day, on steady FII inflows and firm global cues as falling crude oil prices eased concerns of inflation.

US slaps sanctions against Belarus company for Iran ties

Posted: 29 Mar 2011 09:41 PM PDT

The US today slapped sanctions on a state-owned energy company in Belarus over its investment with an Iranian firm accused of contributing to Islamic Republic's controversial nuclear programme.

Rupee gains 6 paise against dollar

Posted: 29 Mar 2011 09:39 PM PDT

The rupee strengthened by 6 paise to Rs 44.72 per dollar at the Interbank Foreign Exchange today, supported by a higher opening in the stock market.

Sensex extends gains, rises by 153 points

Posted: 29 Mar 2011 09:37 PM PDT

Sensex rose for the seventh straight day in opening trade on the Bombay Stock Exchange today, adding nearly 153 points on continued buying by funds amid a firming trend in Asian markets and easing crude oil prices.
Posted by Harshad at 9:27 PM

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