Wednesday, September 28, 2011

Cognizant buys retail consulting co in US

Cognizant buys retail consulting co in US


Cognizant buys retail consulting co in US

Posted: 28 Sep 2011 06:57 PM PDT

Cognizant said that it has acquired Princeton , US-based Zaffera, a retail consulting firm. Terms of the transaction were not disclosed.


Ore ban hits allied units

Posted: 28 Sep 2011 06:56 PM PDT

After steel companies , the ban on iron ore mining in Karnataka is beginning to hit allied industries.


Tata Metaliks to sell Redi unit

Posted: 28 Sep 2011 06:38 PM PDT

Tata Metaliks (TML), the subsidiary of Tata Steel, is divesting the Redi facility in Maharashtra following uncertainty in the iron ore scenario in western and southern India.


Kingfisher to exit low-cost flying

Posted: 28 Sep 2011 06:37 PM PDT

Vijay Mallya is flying out from the low-cost aviation space in what is seen as a last attempt to salvage the debt-ridden Kingfisher Airlines.


Dudley opposes DGH on ramping up KG output

Posted: 28 Sep 2011 06:36 PM PDT

A collision appears imminent between the oil ministry's regulatory arm for explorers and BP Plc on ways to ramp up gas production from the Andhra offshore field.


India, Pak trade bodies sign deal

Posted: 28 Sep 2011 08:21 AM PDT

Trade promotion bodies of India and Pakistan on Wednesday signed an agreement to facilitate the flow of bilateral trade.


Rupee jumps 32 paise against dollar

Posted: 28 Sep 2011 06:19 AM PDT

Extending gains for the second day in a row, the rupee today soared by 32 paise to 48.75/76 against the US currency on dollar selling by exporters and some corporates as the greenback weakened in overseas markets.


Sensex closes 70 points lower

Posted: 28 Sep 2011 04:06 AM PDT

The 30-scrip sensitive index (Sensex) of the BSE opened at 16,663.26 points, and closed at 16,453.2 points (provisional) - down 70.83 points or 0.43 percent from its previous close at 16,524.03 points.


Gold down Rs 75 to Rs 26,940

Posted: 28 Sep 2011 02:57 AM PDT

Gold prices declined by Rs 75 to Rs 26,940 per 10 grams in the national capital today due to sluggish demand at prevailing higher levels amid a weak trend in the Asian region.


Kingfisher Airlines to exit low-cost operations

Posted: 28 Sep 2011 02:23 AM PDT

India's Kingfisher Airlines will exit its low cost operations Kingfisher Red, its chairman Vijay Mallya told reporters after the company's annual general meeting on Wednesday.

Re up by 13 paise vs dollar after initial losses

Posted: 27 Sep 2011 11:32 PM PDT

The Indian rupee saw initial losses reversed and was being quoted 13 paise higher at Rs 48.94 per US dollar in early trade today on fresh selling of the American currency by banks and exporters in view of dollar weakness overseas.


Indian premiums for gold bars jump to 1-year high

Posted: 27 Sep 2011 10:58 PM PDT

Premiums for gold bars in India, the world's biggest importer of bullion, rose to the highest level in more than a year to top $2 an ounce due to sudden demand triggered by a 10% fall from early September peak, three importers and a supplier said on Wednesday.


Sensex down by 16pts in opening trade

Posted: 27 Sep 2011 09:16 PM PDT

The Bombay Stock Exchange benchmark sensex opened marginally lower by a little over 16 points today amid a mixed trend in the Asian region.


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