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Business

Nissan Recall 2010: 540K Vehicles Recalled Over Brake

March 3, 2010 Business

The Nissan Titan (shown here at the 2003 New York International Auto Show) was recalled March 3 by the Japanese automaker for potential brake-pin problems (2008-10 models) and faulty fuel gauges (2005-08 models).
The recall involves nearly 540,000 vehicles worldwide, most of them in the US.
As the AFP reports this morning, the recall covers “the [...]

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Michael Douglas’ son Cameron to stay in jail until sentencing

February 26, 2010 Business

It has emerged that actor Michael Douglas’ drug-dealing son, Cameron, will remain in jail until he is sentenced in April.
Cameron Douglas, 31, was denied bail on February 25 by a Manhattan federal judge, who said the actor couldn’t be trusted to stay off dope on house arrest.
“His living at home is unlikely to prove a [...]

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Sensex ends flat on late sales

February 22, 2010 Business

A benchmark index for Indian equities ended on a flat note Monday, with late sales dragging it down from its intra-day high.
The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 16,191.32 points, ended at 16,204.37 points (provisional), up 12.74 points or 0.08 percent from its previous close.
It had touched an [...]

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Sensex up 192 points in early trade

February 22, 2010 Business

A benchmark index of Indian equities rose sharply at the opening bell Monday and was ruling about 192 points higher ten minutes into trade.
At 9.10 a.m., the 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 16,191.32 points, was at 16,384.41 points, up 192.78 points or 1.19 percent from its previous [...]

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Tata hints at investment in Canadian mining sector

February 20, 2010 Business

Tata Group chairman Ratan Tata has said his conglomerate will expand its presence in Canada, hinting at mining as one of the areas of interest.
Currently, the group’s Tata Consultancy Services (TCS) has operations across Canada, with offices in Montreal, Calgary and Mississauga in the Greater Toronto Area and presence in other cities.
The group acquired the [...]

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Sensex static as traders wait for budget

February 20, 2010 Business

Indian stock markets were caught up in volatile trading this week with a key index see-sawing between red and green terrains but managing to end Friday with meagre gains.
Global cues were depressing too. Bourses across the world traded on an uncertain note after the US Federal Reserve’s decision to increase lending rates to banks was [...]

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US stocks climb on lower inflation outlook

February 20, 2010 Business

US stocks posted mild gains at the end of a strong week Friday after inflation for January came in lower than expected despite the US recovery from recession.
Consumer prices climbed 0.2 percent, the Labour Department said. Core prices, which exclude more volatile food and energy costs, surprisingly dropped 0.1 per cent, marking the first monthly [...]

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Maruti to set up regional stockyards, model showrooms

February 19, 2010 Business

Auto major Maruti Suzuki India would be spending around Rs.200 crore to create a network of company-owned stockyards and model showrooms across the country by 2011-12, a senior official said here Friday.
“We would be decentralising our warehousing currently in Gurgaon by setting up stockyards in each region,” company’s administrative managing executive officer S.Y. Siddiqui told [...]

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Selling intensifies, Sensex down 231 points

February 19, 2010 Business

Selling pressure intensified at Indian equities markets Friday afternoon, pushing a key index 231 points below its previous close.
At 1.30 p.m., the 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 16,256.53 points, was at 16,096.57 points, down 231.27 points or 1.41 percent from its previous close.
At the National Stock Exchange [...]

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Sensex down 147 points in early trade

February 19, 2010 Business

A benchmark index of Indian equities fell further into the red after a weak opening Friday. About 30 minutes into trade, it was 147 points lower than its previous close.
At 9.32 a.m., the 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 16,256.53 points, was at 16,180.76 points, down 147.08 points [...]

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