WASHINGTON (AP) — Recession-battered employers eliminated 598,000 jobs in January, the most since the end of 1974, and catapulted the unemployment rate to 7.6 percent. The grim figures were further proof that the nation’s job climate is deteriorating at an alarming clip with n…

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MUMBAI: Foreign Institutional Investors (FIIs) on 6th-jJn-2009 (Friday) extended their confidence in the market and invested Rs 117.23 crore in equities. As per the provisional data available with the Bombay Stock Exchange, FIIs were the gross seller of equities worth Rs 1,273.17 crore, w…

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WASHINGTON (AP) — In an uncertain reach across party lines, Senate moderates struggled for a compromise on economic stimulus legislation Thursday as the government spit out grim new jobless figures and President Barack Obama warned of more bad news ahead. With partisan tensions ris…

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Indian ADRs: Satyam down 6%, Infosys down 1%, Tata Motors, HDFC Bank up 3%. Results today: Ambuja Cement Satyam update: -Company has got bank sanctions worth Rs 600 crore -PC Gupta says all options related to Satyam sale still open …

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NEW DELHI: After a crucial two-day board meet, the six-member Satyam Computer Services board appointed by the government named AS Murty as the new Chief Executive Officer of the beleaguered firm. AS Murty was formerly, Head, Delivery and Leadership Development of Satyam. The board has als…

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MUMBAI: Equities ended the lacklustre session in the red. Weak global markets also weighed sentiments. Auto and IT stocks were worst hit while metals and pharmaceutical stocks bucked the trend. National Stock Exchange’s Nifty shut shop at 2785.70, down 17.35 points or 0.62 per cent. The…

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Mumbai: The Bombay High Court’s decision to lift the stay on the sale of gas produced from Reliance Industries’ KG D6 block is likely to double the company’s net profit in two years. In its interim order on January 30, 2009, the court allowed the company to sell the gas…

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Indian ADRs: Satyam, MTNL down 4%, Infosys, Wipro, HDFC Bank down 1% Results today: ACC NSE notifies cross margining norms across cash & F&O segments, to begin from February 9 Montek Singh says Fiscal Stimulus needs to continue into next fiscal… …

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NEW DELHI: India Inc’s capital mobilisation through initial public offering has hit rock bottom as the total amount raised via this route in 2008 aggregated to $ 4,509 million, the lowest in the last three years, says a report. Capital mobilisation through IPOs witnessed a fall both…

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CHENNAI: Nalanda India Capital, a Singapore-based investment fund run by Pulak Prasad has bought more than seven lakh shares in IT services firm MindTree from Walden International. The transaction, valued at Rs 15.6 crore, happened through the bulk deal route on the Bombay Stock Exchange…

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