Friday, November 5, 2010

S&P 500 extends rally to 5th week

S&P 500 extends rally to 5th week


S&P 500 extends rally to 5th week

Posted: 05 Nov 2010 02:29 PM PDT

US stocks rose for the fifth straight week as investors took heart from Republican gains in the elections and on news that more cheap money from the Federal Reserve was on the way.

It is no longer safe to invest in gold: Experts

Posted: 05 Nov 2010 02:36 PM PDT

After a year of record demand, gold is getting tepid reviews from top US wealth managers who say it is no longer the safe haven it was at the peak of the financial crisis.

'Cognizant is like a $4-billion tech startup'

Posted: 05 Nov 2010 06:06 PM PDT

We couldn't have chosen a better day to meet R Chandrasekaran , president & MD, Cognizant . It's the day after Cognizant's third quarter results , in which the company announced a 49 % rise in its net profit , and Chandrasekaran-Chandra to his friends-is all smiles .

Mahurat trading: Sensex ends above 21K

Posted: 05 Nov 2010 08:14 AM PDT

Equities ended Mahurat trading, on first day of the Hindu calendar, at 21004.96, as investor sentiment turned bullish on hopes of continued inflows after Fed Reserve's decision to pump $600bn into the US economy.

Potato glut results in losses to farmers

Posted: 05 Nov 2010 02:05 PM PDT

The state is facing problem of plenty with a bumper potato crop. Though a relief for 'aam adami' at a time when foodgrain prices are soaring, the glut is resulting in huge losses for small and marginal farmers as they are not able to recover even the input cost.

Direct tax kitty up 18% in April-Oct

Posted: 04 Nov 2010 04:59 PM PDT

Buoyed by robust economic growth, net direct tax collections crossed the Rs 2 lakh-crore mark during the April-October period, an increase of around 18% compared to the year-ago period.

'Cognizant is like a $4-billion tech startup'

Posted: 05 Nov 2010 06:06 PM PDT

We couldn't have chosen a better day to meet R Chandrasekaran , president & MD, Cognizant . It's the day after Cognizant's third quarter results , in which the company announced a 49 % rise in its net profit , and Chandrasekaran-Chandra to his friends-is all smiles .

Wealth experts see little shine left in gold

Posted: 05 Nov 2010 02:36 PM PDT

After a year of record demand, gold is getting tepid reviews from top US wealth managers who say it is no longer the safe haven it was at the peak of the financial crisis.

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