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Stocks likely to witness mild pullback; global cues mixed

Posted on: October 13th, 2008 and is filed under Press Releases.

MUMBAI: Stocks are likely to see some respite on Monday after a turbulent session last week, propped up by worldwide measures to support markets amid the global financial turmoil. Asian markets were on recovery path Monday after Australia guaranteed bank deposits and European leaders agre…

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Bush: US will work with partners on credit crisis

Posted on: October 11th, 2008 and is filed under Press Releases.

WASHINGTON (AP) — President Bush met with foreign financial officials Saturday and pledged a global response to the credit crisis that will lead toward a “path of stability and long-term growth.” Bush announced no new strategies to attack the economic woes circling the g…

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Now, Nano runs into trouble in Gujarat

Posted on: October 11th, 2008 and is filed under Press Releases.

SANAND: The ultra-small car Nano, which is being brought out by TATA Motors, is once again in troubled waters in Gujarat after some farmers voiced their discontent over the compensation offered against their land. …

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Infosys net rises 30% in Q2 Infosys net rises 30% in Q2

Posted on: October 11th, 2008 and is filed under Press Releases.

Bangalore, Oct. 10 Infosys Technologies Ltd reported a 30.2 per cent rise in net profit for the September quarter, beating its own and street estimates. It, however, pared revenue outlook in dollar terms for the fiscal due to currency volatility and the economic crisis in the US, which ac…

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Hindustan Sanitaryware plans acquisitions in Europe

Posted on: October 11th, 2008 and is filed under Press Releases.

New Delhi, Oct. 10 Hindustan Sanitaryware and Industries Ltd (HSIL), the flagship company of the Somany Group, is looking for an acquisition in the range of Rs 130 crore to Rs 300 crore in Europe, for which it is in talks with companies focusing on sanitaryware products and bathroom acces…

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Rasi Seeds sets up Rs 10-cr research facility

Posted on: October 11th, 2008 and is filed under Stock News.

Attur (Salem District), Oct. 10 Rasi Seeds foresees huge scope for rice varieties in the future.The company had only last year started the hybrid rice breeding programme and introduced RHR 111 in Uttar Pradesh. Sharing details with newspersons, its Managing Director, Dr M. Ramasami, said …

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Market meltdown: Stocks is a dirty word for retirees

Posted on: October 9th, 2008 and is filed under Market News.

ST CHARLES: This time around, John Abel was ready for the stock market crash. “Back in 2000 before the dot-com bubble burst, I listened to my financial advisor and lost $80,000,” said the 65-year-old retiree in his home in the western Chicago suburb of Saint Charles. “That destroyed…

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Tatas pick Gujarat for Nano

Posted on: October 8th, 2008 and is filed under Press Releases.

Gandhinagar, Oct. 7 The Rs 1 lakh dream car ‘Nano’ of Mr Ratan Tata will now roll out from an integrated project near Sanand town in Ahmedabad district, from the same cattle farm for whose establishment during a severe famine in 1900 his great grandfather, Jamsetji Nusserwanji Tata, h…

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Bush signs N-deal today; India expects 123 clarifications

Posted on: October 8th, 2008 and is filed under Press Releases.

WASHINGTON: US president George W Bush is set to sign the legislation on the Indo-US nuclear deal into law on Wednesday, an occasion when India expects certain provisions of the 123 Agreement will be cleared. …

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Mkts end flat amid extreme volatility; Nifty above 3600

Posted on: October 7th, 2008 and is filed under Market News.

It was a consolidation day for the markets, which were building base for the next move. They ended mixed amid extreme choppiness after Monday’s free fall. Oil, power and few auto stocks were on buyers’ radar while capital goods, technology, banking, realty, pharma and metal st…

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