Posts tagged as:

Business

BSE looking forward to bounce back to beat NSE

November 24, 2009 Business

Mumbai: The Bombay Stock Exchange (BSE), founded in 1875, lost market share to its younger rival, the National Stock Exchange (NSE), which was founded in the early 1990s. It also faces challenges from upstart exchanges.

However under its youngest ever chief excutive, 36-year-old CEO Madhu Kannan, BSE looks forward to list and innovate to win back [...]

Read the full article →

Satyam Computers scam bigger than estimated

November 24, 2009 Business

Bangalore: The Satyam Computers scam was believed to be one of the biggest financial scams ever. However, according to VV Lakshminarayana, DIG-CBI, the losses might be as high as Rs.14,000 crores, almost double of what it was estimated.

Ramalinga Raju, who formerly headed Satyam Computers, had made wrongful gains to the tune of Rs 1,930 crore [...]

Read the full article →

Sensex loses over 68 points, Nifty dipped below 5100 points level

November 24, 2009 Business

Mumbai: Fresh spell of profit-taking in heavy-weight stocks by funds and retail investors after recent gains, losses in other Asian markets, dampened the trading sentiments.

The Bombay Stock Exchange benchmark Sensex today lost over 68 points in opening trade as funds and retail investors preferred to book profits amid weak Asian markets.
The wide-based National Stock Exchange [...]

Read the full article →

Sensex makes a positive opening, up by 0.46 percent

November 23, 2009 Business

Mumbai: Sensex was up 0.46 percent in the Monday morning trade and began with a positive note.
Bombay Stock Exchange (BSE) opened the day at 17,067.14 points, against Friday’s close at 17,021.85 points.
National Stock Exchange (NSE), the broader 50-share S&P CNX Nifty was ruling at 5,083.75 points, against the previous close at 5,052.45 points, with a [...]

Read the full article →

About 70% of Indian CIOs integrate business and technology

November 23, 2009 Business

Mumbai: According to a research by IBM, Indian chief information officers (CIOs) appear to be more progressive as compared with their global counterparts.
The survey also found that 70 per cent of Indian CIOs are integrating business and technology to promote innovation for their respective organizations, as compared to 47 per cent of the global CIOs.
The [...]

Read the full article →

India, China and United States: World’s largest economies by 2050

November 21, 2009 Business

New Delhi: According to an article “The G20 in 2050″, in November bulletin of the Carnegie Endowment for International Peace said, “China, India, and the United States will emerge as the world’s three largest economies in 2050.

It said further, “Their total GDP, in real US dollar terms, will be over 70 per cent more than [...]

Read the full article →

India will not import rice in spite of shortfall

November 21, 2009 Business

New Delhi: Despite a shortfall of roughly 15 million tone kharif production, the government has said it would not go in for rice imports as it has enough stocks to manage. The problem may arise if retail prices don’t level off now.

Three government firms MMTC, STC and PEC had floated tenders totaling 30,000 tonnes. But [...]

Read the full article →

Scripps Networks acquires stake in NDTV Lifestyle

November 20, 2009 Business

Mumbai: US-based media company Scripps Networks Interactive has acquired a 69 per cent stake in NDTV Group’s programming subsidiary, NDTV Lifestyle. NDTV Group would retain a 31 per cent stake in the joint venture, a company statement said.

The news has increased the sales of NDTV with the stock quoting at Rs 139, higher by Rs [...]

Read the full article →

Honeywell set to begin technology center here in Gurgaon

November 19, 2009 Business

Mumbai: Honeywell is going to open a new technology center here in Gurgaon. The US based multinational company would start its India operation soon.

Andreas Kramvis, president and chief executive of Honeywell Specialty Materials said, “This center will allow us to conduct development closer to our end customers, while at the same time tapping the recognised [...]

Read the full article →

Richest Indian position once again grabbed by Mukesh Ambani

November 19, 2009 Business

Mumbai: The head of Reliance Industries, Mukesh Ambani, is once again the wealthiest person in India. His net worth is put at $32 billion, an increase of 54% from nearly USD 21 billion last year.

As compared to last year, where there only 27 billionaires on the India Rich List, this year, the number has almost [...]

Read the full article →

← Previous Entries