Facebook has said it is
giving users more control over who gets to see personal
information posted in profiles at the hot social-networking
website. Source: Zee News : Business | 19 Mar 2008 | 12:07 pm
The Bombay Stock Exchange benchmark Sensex surged by 620 points in early trade on Wednesday after the US Federal Reserve last night cut its interest rates by 75 basis points to 2.25%. On heavy buying, the 30-share index rose by 620 points to 15,453.46 in the first five minutes of trade, with most of the heavy weight stocks seeing notable gains. The broader 50-share National Stock Exchange index Nifty also recorded a jump of 182 points to 4,715.00. Source: Zee News : Business | 19 Mar 2008 | 12:07 pm
Visa Inc burned its name into the record books for US initial public offerings on Tuesday, raising USD 17.9 billion as investors seized on its growth potential and lack of direct exposure to the global credit crisis. Source: Zee News : Business | 19 Mar 2008 | 12:07 pm
In a move to protect investors`
interests, market regulator SEBI on Tuesday decided that bonus
units issued to mutual fund investors will no longer attract
entry and exit charge. Source: Zee News : Business | 19 Mar 2008 | 12:07 pm
Foreign fund orient global tamarind
Mauritius on Tuesday picked up nearly one per cent stake in private
lender axis bank for Rs 237.85 crore in open market
transactions. Source: Zee News : Business | 19 Mar 2008 | 12:07 pm
The World Bank on Tuesday approved a USD 600 million loan to India`s Power Grid Corp, backed by a government guarantee, to increase reliable power supplies between regions and states. Source: Zee News : Business | 19 Mar 2008 | 12:07 pm
Hutchison Telecommunications International Ltd. reported Tuesday its profit surged in 2007 on a one-time gain from the sale of its Indian unit. Source: Zee News : Business | 19 Mar 2008 | 12:07 pm
Mitsubishi Motors Corp. is testing US reaction to an all-electric car at this week`s New York International Auto Show. Source: Zee News : Business | 19 Mar 2008 | 12:07 pm
Software maker Adobe Systems Inc beat Wall Street`s expectations in the first quarter with profits that rose 52 percent on continued demand for its design and Acrobat products. Source: Zee News : Business | 19 Mar 2008 | 12:07 pm
MUMBAI (Reuters) - Theft of intellectual property rights (IPR) and deceptions related to e-commerce and IT pose the greatest risk of frauds for Indian corporations in the next three years, according to a survey by consulting firm KPMG India.
MUMBAI (Reuters) - India's Deccan Gold Mines Ltd expects to start gold production by end-2010 with the new mines policy likely to help the company speed up its exploration activity, a company official said on Wednesday.
SINGAPORE (Reuters) - Gold fell more than 2 percent on Wednesday after a less than expected 75 basis points interest rate cut by the U.S. Federal Reserve boosted the dollar, lifted stocks and dimmed bullion's appeal as an alternative investment.
Civil aviation officials from China and India will meet here later Wednesday to resolve issues related to the air agreement between the two countries. Source: IndiaeNews.com: Business News | 19 Mar 2008 | 8:01 am
NEW DELHI (Reuters) - High inflation is putting pressure on Indian interest rates and controlling it remains high on the government's agenda, a finance ministry report said on Wednesday.
Entertainment and leisure conglomerate Country Club India Ltd has bought properties worth Rs.960 million ($23 million) in cities like Chennai, Pune, New Delhi, Cochin and Kolkata in the last two months, it announced Wednesday. Source: IndiaeNews.com: Business News | 19 Mar 2008 | 8:00 am
TOKYO (Reuters) - Japanese electronics maker Toshiba Corp cut its annual pretax profit outlook by 29 percent on Wednesday, hit by falls in prices of NAND flash memory chips and the cost of pulling out of next-generation DVDs.
MUMBAI (Reuters) - The rupee held onto early gains on Wednesday, tracking buoyant local equities, with traders eyeing an increase in flows of foreign funds into local stocks after the U.S. Federal Reserve cut interest rates.
PARIS (Reuters) - France's biggest listed bank BNP Paribas said on Wednesday it has decided not to pursue a possible tie-up with rival Societe Generale, which has been hit by a trading scandal.
As the US central bank hoping to avert a recession, cut short-term interests American stocks rocketed to their biggest gains in almost five and a half years. Source: Daily News & Analysis: Money News | 19 Mar 2008 | 6:59 am
The Indian equities market opened with a big upward surge Wednesday, piggybacking on the rally in the US markets. Source: Daily News & Analysis: Money News | 19 Mar 2008 | 6:57 am
BANGALORE (Reuters) - Indian shares rose more than 4 percent on Wednesday morning, riding a global rally after a U.S. interest rate cut and strong results from two top U.S. investment banks offered some respite to concerns about a global credit crisis.
The Indian equities market opened with a big upward surge Wednesday, piggybacking on the rally in the US markets as America's Federal Open Market committee cut the fed funds and discount rates by 75 basis points Tuesday. Source: IndiaeNews.com: Business News | 19 Mar 2008 | 5:30 am
The Bollywood box office has been virtually dry since UTV's last release, 'Jodhaa Akbar', hit the marquee. Now all eyes are on Abbas-Mustan's action thriller 'Race'. Source: IndiaeNews.com: Business News | 19 Mar 2008 | 4:30 am
The US Federal Reserve cut its benchmark interest rate by 0.75 points to 2.25 percent Tuesday in an attempt to boost the sagging US economy and temper volatility in global financial markets. Source: IndiaeNews.com: Business News | 19 Mar 2008 | 1:30 am
The US Federal Reserve cut its benchmark interest rate by 0.75 points to 2.25 percent Tuesday, the latest of a series of dramatic attempts to boost the sagging US economy and temper volatility in global financial markets. Source: IndiaeNews.com: Business News | 19 Mar 2008 | 1:30 am
US stocks made their largest gains in five years Tuesday after the central bank cut its benchmark interest rate and two leading investment firms posted earnings that assuaged fears about the financial sector. Source: IndiaeNews.com: Business News | 19 Mar 2008 | 1:30 am
WASHINGTON/NEW YORK (Reuters) - The Federal Reserve slashed U.S. interest rates by a hefty three-quarters of a percentage point on Tuesday, giving a lift to stock markets already jubilant over stronger-than-expected investment bank earnings.
Mumbai, March 18 After taking a heavy beating yesterday, the benchmark stock indices ended flat on Tuesday as investors waited for positive clues from global markets. The Sensex closed at 14833.46, up by 0.16 per cent from the previous ... Source: Business Line - Home Page | 19 Mar 2008 | 12:00 am
In the last trading session, the stock was trading choppy and formed a spinning top candlestick pattern that indicates indecisiveness. Desist trading in this counter for the session. Infosys The stock declined ... Source: Business Line - Home Page | 19 Mar 2008 | 12:00 am
New Delhi, March 18 The Government on Tuesday confirmed in the Rajya Sabha that the Securities and Exchange Board of India (SEBI) was looking into the alleged insider trading activities in the shares of Reliance Petroleum Ltd. ... Source: Business Line - Home Page | 19 Mar 2008 | 12:00 am
New Delhi, March 18 Telecom operators have told the Telecom Regulatory Authority of India that its decision to impose penalty on mobile service providers for unwanted telemarketing calls was unfair. In a joint letter, the Cellular ... Source: Business Line - Home Page | 19 Mar 2008 | 12:00 am
We recommend a buy in Cipla from a short-term perspective. From the charts of Cipla, we see that the stock has been consolidating sideways in a broad range between Rs 165 and Rs 220 since August 2007. However, the stock has been on a medium-term ... Source: Business Line - Home Page | 19 Mar 2008 | 12:00 am
The government may be appearing to keep auto fuels prices low but the fuel quality may not be in the consumer hands anymore. Source: Daily News & Analysis: Money News | 18 Mar 2008 | 10:59 pm
Global asset management firm Morgan Stanley, which made a re-entry into India after a 14-year hiatus with its Morgan Stanley Across Capitalisation Equity Fund. Source: Daily News & Analysis: Money News | 18 Mar 2008 | 10:58 pm
After the spectrum and licence war, telecom operators are getting ready to move the dispute tribunal - TDSAT - over the regulator's latest rules to curb unwanted telemarketing calls. Source: Daily News & Analysis: Money News | 18 Mar 2008 | 10:57 pm
The steel ministry, under whose administrative charge SAIL and RINL fall, has asked the two companies to stay away from the proposed steel plant in Chhattisgarh. Source: Daily News & Analysis: Money News | 18 Mar 2008 | 10:56 pm
Composite foreign investment limit in media segments such as direct-to-home broadcasting, teleports and headend-in-the-sky is set to be raised to 74% from around 49% currently. Source: Daily News & Analysis: Money News | 18 Mar 2008 | 10:55 pm
Housing Development Finance Corporation, India's biggest non-banking retail lender has been spared the agony that many Indian companies and banks are going through. Source: Daily News & Analysis: Money News | 18 Mar 2008 | 10:54 pm
The $4.1 billion rights issue by State Bank of India, which closed on Tuesday, is expected to have been fully subscribed on buying from institutional investors. Source: Daily News & Analysis: Money News | 18 Mar 2008 | 10:53 pm
Indicating a slowdown in the property market and negative investor sentiment, the Mumbai Metropolitan Region Development Authority (MMRDA) failed to get bids for two of the five plots that it Source: Business Standard | Front Page Headlines | 18 Mar 2008 | 6:57 pm
The Securities and Exchange Board of India (Sebi) scrapped loads (entry as well as exit) charged by mutual funds on bonus units and units allotted on reinvestment of dividend, with effect from April 1 Source: Business Standard | Front Page Headlines | 18 Mar 2008 | 6:56 pm
Over three months after it first came out with a new accounting standard requiring companies to provide for all kinds of losses including those from derivative trading, the Indian accounting regulator Source: Business Standard | Front Page Headlines | 18 Mar 2008 | 6:56 pm
The Securities and Exchange Board of India (Sebi) is investigating trading in Reliance Petroleum (RPL) stock on the bourses relating to the sale of 4.01 per cent in the company by parent Mukesh Source: Business Standard | Front Page Headlines | 18 Mar 2008 | 6:55 pm
Biotechnology firm Biocon's chairperson Kiran Mazumdar Shaw late Tuesday unveiled a radiology training centre at Teleradiology Solutions (TS) facility in India's silicon hub. Source: IndiaeNews.com: Business News | 18 Mar 2008 | 5:00 pm
The central government Tuesday banned export of all edible oils for one year with immediate effect to check the rise of domestic prices. Source: IndiaeNews.com: Business News | 18 Mar 2008 | 5:00 pm
Maharashtra is poised to record a 9 percent growth rate in 2007-08 as compared to the national economy's growth at 8.7 percent during the same period. Source: IndiaeNews.com: Business News | 18 Mar 2008 | 4:00 pm
