ospLt v]nLYU | Stock Market | Gold/Silver Price | Currency Rate | Weather in India |

Mixed trend in precious metals Mumbai, Nov 7 : A mixed trend prevailed in the bullion market for the second straight session today, as Silver eased by Rupees 40 at Rupees 27,705 per kg on sluggish demand and Gold advanced by Rupees 60 to Rupees 27,705 per ten gm due to improved demand from ornament makers, traders at the bay Bullion Association (BBA) said.

Delegates from Pakistan to attend IIM-K workshop Kozhikode, Nov 7 : About 30 delegates from Nigeria, Sri Lanka and Pakistan and various parts of the country would participate in an international workshop on 'Greenstone' Digial Libraries beginning here on November 23.

Mixed trend in sugar prices Navi Mumbai, Nov 7 : A mixed trend was seen in sugar prices today, traders at the Bombay Sugar Merchant's Association (BSMA) said.

Sensex puts on 262 points during the week Mumbai, Nov 7 : The Centre's decision on disinvestment in PSUs and simplifying tax structure boosted the Sensex by 262 points, or 1.65 per cent, at 16,158.28 level during the week.

Yen rises; Euro declines; US Dollar, Pound remain steady Mumbai, Nov 7 : Following are the indicative currency notes and travellers' cheques buying and selling rates per unit as given by Thomas Cook India here today.

Fairfax County in US beckons India Inc to invest Bangalore, Nov 6: Fairfax County in Virginia state Friday invited India Inc to explore business opportunities in the US by investing in the county, especially in defence and aerospace sectors.

Airtel brings service tax operations under one roof New Delhi, Nov 6 : Telecom service provider Bharti Airtel Friday launched a centre where functions relating to human resource, supply chain, finance and service taxes would be undertaken under one roof.

Steel demand will continue to grow: Minister New Delhi, Nov 6 : Steel Minister Virbhadra Singh today said the domestic demand for steel will continue to grow with an increased expenditure on infrastructure and there is an urgent need to raise capacity of the steel and iron ore firms in a time-bound manner without increasing costs.

Toyota launches its Technical Education Program in Delhi New Delhi, Nov 6 : In a programme aimed at enhancing the technical abilities and employability of Industrial Training Institute (ITI) students, Toyota Kirloskar Motor Pvt. Ltd., in collaboration with Toyota Motor Corporation and its nationwide dealer network, has introduced a distinctive training model for Body and Paint Repair (BP) at the Sir C V Raman Industrial Training Institute here.

Textile Ministry disburses Rs 66,275 cr under TUFS New Delhi, Nov 6 : Textile Minister Dayanidhi Maran has said his Ministry has disbursed Rs 66,275 crore under the Technology Upgradation Funds Scheme (TUFS) till the first quarter of this fiscal since its inception in 1999.

BSNL offers per-second billing plan New Delhi, Nov 6 : Taking a cue from other telecom services providers, state-run Bharat Sanchar Nigam Ltd (BSNL) today introduced per-second billing plan.

India's imports from Australia stand at AUD 7.58 bn Mumbai, Nov 6 : India's imports from Australia in 2008-09 were worth Australian 7.58 billion dollar reflecting a share of 3.2 per cent its total imports, said Brain Hayes QC, Special Envoy to India, Government of South Australia.

ASSOCHAM seeks farm policy to usher in radical changes Mumbai, Nov 6 : The Associated Chambers of Commerce and Industry of India (ASSOCHAM) has sought a long-term farm policy that could radically change the agricultural sector and rural economy.

S Tel achieves financial closure Mumbai, Nov 6 : One of the new entrants in the GSM space in India, S Tel Private Limited (S Tel) today announced achieving financial closure for its Rs 2,000 crore project with a consortium of banks led by the IDBI bank coming forward to provide Rs 983 crore.

SBI extends home loan campaign Mumbai, Nov 6 : Bringing cheer to home loan seekers, the State Bank of India today announced extension of its My Home Campaign offering lower interest rates till March 31, 2009.

Rupee ends at a week's high by 23 paise at 46.80/82 per dollar Mumbai, Nov 6 : The Rupee today closed at a week's high by 23 paise at 46.80/82 against the dollar on heavy offers for the greenback by bankers and exporters in view of strong equity markets, traders at the interbank foreing exchange (forex) said here.

Precious metals witness mixed trend Mumbai, Nov 06 : A mixed trend prevailed in the precious metals today with Silver rising by Rs 40 per kg to Rs 27,745 and Gold losing by Rs five per ten gm to Rs 16,605 on sluggish demand from industrial users, traders at the Bombay Bullion Association (BBA) said.

Sensex ends higher by 94.38 points at 16,158.28 Mumbai, Nov 6 : The Sensex of the Bombay Stock Exchange (BSE) rose for the third consecutive day today by 94.38 points to settle at 16,158.28 on heavy speculative demand from Foreign Institutional Investors (FII's) and mutual funds coupled with bullish global cues.

Sensex ends firm by 94.38 pts at 16,158.28 Mumbai, Nov 6 : The Sensex of Bombay Stock Exchange (BSE) for the third consecutive day today settled firm at 16,158.28, with big gain of 94.38 points compared to its previous day's level of 16,063.90.

Merger, acquisition activity low in India in Oct 09: Grant Thornton Mumbai, Nov 6 : Merger and acquisition activity in India was relatively low during October 2009 with the total deal value being about half a billion dollars.

Infosys offers multi-function human resource solutions Bangalore, Nov 6 : Infosys Technologies, in association with Oracle, will offer managed services platform that will help companies streamline their human resource (HR) operations and reduce costs.

Government to expand Krishi Vigyan Kendra network Coimbatore, Nov 6 : The government will open a Krishi Vigyan Kendra (KVK), a centre for agricultural training, in each of the newly created districts across the country, Agriculture Minister Sharad Pawar said here Friday.

Airtel launches centre on tax issues New Delhi, Nov 6 : Telecom service provider Bharti Airtel Friday launched a centre where functions relating to human resource, supply chain, finance and tax would be undertaken for the entire company.

S Tel achieves financial closure Chennai, Nov 6 : S Tel, one of the new entrants in the Indian mobile telephony space, Friday said it has achieved financial closure for its Rs.2,000-crore project and that it would start rolling out services this year.

Mid-small sized scrips are flavour of the day Mumbai, Nov 6 : Indian equities markets Friday benefited from a buying momentum, with representative indices for mid-to-small sized scrips performing better than a key benchmark index.

State Bank lowers deposit rates Mumbai, Nov 6 : The country's largest lender State Bank of India has lowered deposit rates by 25-50 basis points on amounts less than Rupees 1 crore effective Nov 9.

PDP protests pre-paid mobile phone ban in Jammu and Kashmir Srinagar, Nov 6 : The main Opposition Peoples Democratic Party (PDP) today took to streets to protest the ban on pre-paid mobile phone services in Jammu and Kashmir, saying the decision cast a shadow of doubt on the entire population of the state.

Toyota Kirloskar mulls rolling out diesel version of small car New Delhi, Nov 6 : Toyota Kirloskar Motors today said it may look at offering the diesel variant of its first small car in the country, apart from rolling it out with a 1.2-liter petrol engine.

Sensex ends 0.68 percent up after volatile trade Mumbai, Nov 6 : A benchmark Indian equity index shut shop Friday 0.68 percent up after a highly volatile trading day.

Wipro buys some Yardley operations for 45.5 million dollars Bangalore, Nov 6 : Wipro Ltd has acquired some businesses of Yardley for about 45.5 million dollars from British personal care company Lornamead to boost its consumer care unit's presence in the overseas markets.

US Dollar, Euro, Yen down; Pound, Yuan steady Mumbai, Nov 6 : Following are the indicative currency notes and travellers' cheques buying and selling rates per unit as given by Thomas Cook India here today.

BenQ launches Ultra-Low Voltage notebooks New Delhi, Nov 6 : Digital network devices brand BenQ today announced the launch of its new Ultra-Low Voltage (ULV) notebooks 'Joybook S35' and 'Joybook S43' into the market.

Minacs and Aditya Birla Financial Services ink outsourcing deal New Delhi, Nov 6 : Aditya Birla Minacs, a business solutions company (subsidiary of Aditya Birla Nuvo), today announced signing of an outsourcing services deal with the Aditya Birla Financial Services Group (ABFSG), to provide customer care, back office support, and finance and accounting services.

Precious metals fall Mumbai, Nov 6 : Precious metals declined in the opening session today as silver eased by Rupees 15 per kg and gold by Rupees 20 per ten gm, on sluggish demand from industrial users, traders at the Bombay Bullion Association (BBA) said.

Cotton crop production for 2009-10 to rise to 383.50 lakh bales Mumbai, Nov 6 : The cotton crop production for 2009-10 season would be 383.50 lakh bales as compared to 292 lakh bales during the same period last year, projecting the surplus of 91.50 lakh bales, Cotton Association of India (CAI) said today.

Bombay stock exchange Sensex rises 208 points in opening trade Mumbai, Nov 6 : The Bombay Stock Exchange benchmark Sensex today soared by 208 points in early trade on continued buying by funds, driven mainly by the firming global trends after a better-than-expected US economic data.

Indian equities up on government's divestment plan Mumbai, Nov 6 : Indian equities opened decisively higher at all bourses Friday with sentiment lifted by the government's decision a day before to ensure at least 10 percent divestment in all profitable state-run enterprises and their subsequent listing.

TCS increases US software delivery center to 300 associates New Delhi, Nov 5: IT giant Tata Consultancy Services (TCS) today said it has scaled up its North America Domestic Delivery Center--TCS Seven Hills Park--to 300 associates.

Intex launches mobile phones in Kerala Kochi, Nov 5 : Intex technologies (India) Limited, one of the fastest growing companies in IT hardwares, mobile phones and electronics, today launched its mobile phones in Kerala.

Sudha Murhty sells her shares in Infosys Bangalore, Nov 5 : IT major Infosys Technologies Chairman's wife Sudha Murthy today sold her two million shares worth Rs 4.30 billion for setting up a venture capital fund.

Corporation Bank launches P2P money transfer service Mangalore, Nov 5 : To extend the scope of banking services under the financial inclusion project, the Mangalore based public sector Corporation Bank today launched a unique small value remittance product - Person to Person Money Transfer Service [P2P].

Wipro acquires Yardley business Bangalore, Nov 5 : IT major, Wipro Limited, has acquired the Yardley business in Asia, Middle East, Australia and certain African Markets for 45.5 million US Dollar from UK-based Lomamead Group.

Murthy's wife sells 1.6 mn Infosys shares for Rs.4.3 bn Bangalore, Nov 5 : Sudha Murthy, wife of Infosys Technologies co-founder N.R. Narayana Murthy, sold 1.6 million shares of her holding in the IT bellwether for over Rs.430 crore (Rs.4.3 billion/$91.5 million), the company said Thursday.

One more chance to avail cheaper car, home loans New Delhi, Nov 5 : The loan market is a paradox of sorts. In the midst of speculation that interest rates are poised to move Northwards, the Punjab National Bank (PNB) today strung a surprise on customers by offering cheaper home and car loans till the year-end.

Microsoft launches 'Online Services' at USD 2 / month New Delhi, Nov 5 : Software firm Microsoft today launched 'Online Services', which allows Small and Medium Businesses (SMBs) and enterprise customers to access e-mail, conferencing and productivity capabilities online, at a price starting two dollars per month.

Net direct tax collections up 3.92 pc in Apr-Oct New Delhi, Nov 5 : Net direct tax collections rose 3.92 per cent to Rs 1,73,447 crore during the first seven months of the current financial year as against Rs 1,66,905 crore collected in the same period last fiscal, according to official data.

Bharti AXA to hire 300 people; expand reach in 45 new locations New Delhi, Nov 5 : Bharti AXA General Insurance, a joint venture between leading Indian business group Bharti Enterprises and global leader in financial protection AXA, today said it plans to hire 300 people and engage 1,300 new agents to expand its reach to 100 locations, particularly in rural and semi-urban areas from existing 55 by this year-end.

Microsoft launches on-demand e-mail solutions in India New Delhi, Nov 5: In order to enable easy access to its cost-effective business productivity software, Microsoft Thursday launched its online services in India.

Mixed trend in precious metals Mumbai, Nov 5 : A mixed trend was witnessed in precious metals today as Gold February 10 contract rose by 0.03 per cent to Rs 16,617 per ten grams and Silver December 09 contract declined by 0.20 per cent to Rs 27,240 per kg at Multi Commodity Exchange (MCX) here.

RBI to auction 10 state development loans totalling Rs 4,106.36 cr Mumbai, Nov 5 : The Reserve Bank of India (RBI) will hold a yield-based auction for ten-year state development loans offered by six State Governments for an aggregate amount of Rs 4,106.36 crore on November ten, using multiple price auction method.

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