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Everything you need to know about Stock Exchange Po: news, reviews, in-depth analysis, opinion and more

Everything you need to know about Stock Exchange Po: news, reviews, in-depth analysis, opinion and more

Banking stocks fall on concern new norms may hit profits

May 3, 2012 at 2:54 PM

Mumbai, May 3 (IANS) The share price of banking stocks fell sharply Thursday, a day after the Reserve Bank of India (RBI) announced guidelines for implementing Basel III norms that mandate lenders to keep aside a higher percentage of capital that may hit their profits.

Hero Motocorp's scrip down 7 percent

May 3, 2012 at 2:14 PM

Mumbai, May 3 (IANS) An expected slowdown in the automobile industry coupled with increased competition dampened investor sentiments on Hero MotoCorp's scrip, which fell by 6.99 percent in Thursday's intra-day trade.

Chinese president calls on China, U.S. to nourish friendship between people

May 3, 2012 at 12:46 PM

Beijing, May 3 (Xinhua-ANI): Chinese President Hu Jintao on Thursday called on China and the United States to nourish friendship between the two peoples.

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Sensex falls 126 points; auto, realty stocks slump

May 3, 2012 at 12:46 PM

Mumbai, May 3 (IANS) A benchmark index for Indian equities markets was trading 126 points down at around noon Thursday, led by selling pressure in auto, realty and banking stocks due to sluggish global cues.

Third annual U.S.-China consultation on people-to-people Exchange working session held in Beijing

May 3, 2012 at 12:06 PM

Beijing, May 3 (Xinhua-ANI): The third Annual U.S.-China high-level consultation on people-to-people exchange working session kicked off on Thursday in Beijing with nearly 30 topics scheduled to be discussed by 150 delegates from the United States and China.

India in-principle agrees to allow investments from Pakistan

May 2, 2012 at 7:36 PM

New Delhi, May 2 (IANS) India has in-principle agreed to allow foreign direct investment (FDI) from Pakistan, a move expected to enhance commercial engagement and boost trade between the two countries, Commerce and Industry Minister Anand Sharma said Wednesday.

Airtel revenue rises in Africa

May 2, 2012 at 6:40 PM

New Delhi, May 2 (IANS) India's Bharti Airtel Wednesday reported a 16 percent growth in revenue in its Africa operations at $1.2 billion during the quarter ended March 31 over the like period of the previous financial year.

Sensex closes in red, down 0.10 percent (Roundup)

May 2, 2012 at 6:24 PM

Mumbai, May 2 (IANS) A benchmark index for Indian equities markets Wednesday closed in the red, dropping marginally and snapping three days of gains, as lower-than-expected manufacturing data and negative European markets dampened sentiments.

Hero MotoCorp's fourth quarter net up 20 percent

May 2, 2012 at 5:06 PM

New Delhi/Mumbai, May 2 (IANS) Hero MotoCorp, the world's largest two-wheeler maker, Wednesday reported a 20.33 percent rise in net profit for the fourth quarter of fiscal 2011-12 at Rs.603.59 crore from Rs.501.61 crore for the quarter that ended March 31, 2011.

Sensex up 17.31 points in afternoon trade

May 2, 2012 at 3:54 PM

Mumbai, May 2 (IANS) A benchmark index for Indian equities markets was trading 17.31 points higher Wednesday, led by good buying support for consumer durables, bank and IT stocks.

Bharti Airtel quarterly net income down 28 percent

May 2, 2012 at 1:54 PM

New Delhi, May 2 (IANS) Telecom service provider Bharti Airtel Wednesday reported a 28 percent decline in consolidated net income at Rs.1,006 crore for the quarter ended March 31, owing to higher costs on account of 3G licence fee amortisation, forex fluctuation losses and tax provisions.

Sensex up 71 points in afternoon trade

May 2, 2012 at 12:42 PM

Mumbai, May 2 (IANS) A benchmark index for Indian equities markets was trading 70.90 points higher in the afternoon session Wednesday, led by good buying support for consumer durables, bank and information technology (IT) stocks.

Clinton in Beijing for strategic, economic dialogue

May 2, 2012 at 11:06 AM

Beijing, May 2 (IANS) US Secretary of State Hillary Clinton arrived in Beijing Wednesday for the fourth round of the China-US Strategic and Economic Dialogue.

Aditya Birla Nuvo to buy controlling stake in Pantaloon (Lead, Superseding earlier story)

April 30, 2012 at 9:06 PM

Mumbai, April 30 (IANS) Kishore Biyani-led Future Group said Monday it will spin off its branded apparel business Pantaloons into a separate entity, in which Aditya Birla Nuvo will infuse Rs.800 crore to acquire controlling stake.

Exide Q4 net profit dips 12.9 percent

April 30, 2012 at 9:06 PM

Kolkata, April 30 (IANS) Exide Industries, the biggest storage battery producing company in India, Monday reported 12.9 percent slide in its net profit in the quarter ended March 31, 2012 to Rs.1.42 billion (over $26 million) from Rs.1.63 billion during the same period an year ago.

Aditya Birla Nuvo to buy controlling stake in Pantaloon

April 30, 2012 at 6:34 PM

Mumbai, April 30 (IANS) Kishore Biyani-led Future Group said Monday it will spin off its branded apparel business Pantaloons brand into a separate entity, in which Aditya Birla Nuvo will infuse Rs.1,600 crore to acquire controlling stake.

Sensex up 131.47 points, IT stocks gain (Roundup)

April 30, 2012 at 5:22 PM

Mumbai, April 30 (IANS) A benchmark index for Indian equities markets Monday closed 131.47 points higher, helped by supportive global cues and good buying interest in information technology (IT) stocks.

Sensex up 76.94 points

April 30, 2012 at 3:54 PM

Mumbai, April 30 (IANS) Led by good buying support for information technology (IT) and bank scrips, a benchmark index for Indian equities markets was trading 76.94 points higher around the 2 p.m. trade session Monday.

Bank of India quarterly net profit rises 93 percent

April 30, 2012 at 2:02 PM

Mumbai, April 30 (IANS) State-owned Bank of India Monday reported an increase of 93 percent in net profit at Rs.952.73 crore for the quarter ended March 31 against Rs.493.64 crore during the like period of the previous financial year.

Sensex up 160.85 points in afternoon trade

April 30, 2012 at 1:22 PM

Mumbai, April 30 (IANS) A benchmark index for Indian equities markets was trading 160.85 points higher in the afternoon session Monday, led by good buying support for information technology (IT) and bank scrips.

China's foreign investment return on the rise

April 30, 2012 at 1:14 PM

Beijing, April 30 (IANS) China's foreign exchange regulator has said the country's return on foreign investment has surged by an annual rate of 32 percent since 2004 to hit $128 billion last year.

Dunlop board allots shares to convert loan into equity

April 28, 2012 at 11:38 PM

Kolkata, April 28 (IANS) The board of directors of Dunlop India Saturday allotted five crore equity shares on preferential basis to three loan assignees in order to convert the ailing tyre-maker's outstanding loan of around Rs.60 crore into equity.

Sensex gains 53.09 points in special trade

April 28, 2012 at 4:58 PM

Mumbai, April 28 (IANS) A benchmark index for Indian equities markets in a special trading session Saturday gained 53.09 points to close at 17,187.34 points.

Biocon quarterly net profit declines 29 percent

April 27, 2012 at 5:54 PM

New Delhi, April 27 (IANS) Biopharma company Biocon Friday reported a 29 percent decline in net profit at Rs.62.34 crore for the quarter ended March 31 against Rs.88 crore during the like period of the previous financial year.

Sensex closes flat; ICICI rallies on Q4 earnings (Roundup)

April 27, 2012 at 5:54 PM

Mumbai, April 27 (IANS) A benchmark index for Indian equities markets Friday closed flat amidst choppy trade. ICICI Bank emerged the top gainer after the private lender announced robust fourth quarter earnings.

Sensex down 19.46 points; ICICI Bank stock rallies

April 27, 2012 at 3:46 PM

Mumbai, April 27 (IANS) A benchmark index for Indian equities markets was trading 19.46 points down around 2.00 p.m. Friday. Amidst the choppy session of trade, ICICI Bank's scrip came out the top gainer after it lender announced robust fourth quarter earning results.

Sensex remains choppy; ICICI Bank, M&M rally

April 27, 2012 at 1:06 PM

Mumbai, April 27 (IANS) A benchmark index for Indian equities markets was trading 22 points higher in the afternoon session Friday, led by good buying support in ICICI Bank scrips on expectations of robust earnings.

Idea Cellular quarterly net profit falls 13 percent

April 26, 2012 at 7:45 PM

Mumbai, April 26 (IANS) Telecom service provider Idea Cellular Thursday reported a 13 percent decline in net profit for the quarter ended March 31 at Rs.238.98 crore owing to higher depreciation and interest charges on 3G investments.

Sensex ends in red; power, realty, auto stocks fall

April 26, 2012 at 7:30 PM

Mumbai, April 26 (IANS) Indian equities markets benchmark indices witnessed choppy trading Thursday, a day after ratings agency Standard & Poor's lowered its outlook to "negative" from "stable" on India's long-term sovereign ratings and also on major firms.

Chinese automaker to develop electric car with U.S. partner

April 26, 2012 at 1:38 PM

Shijiazhuang (China), April 26 (Xinhua-ANI): One of China's major privately owned automakers, Great Wall Motors, will work with a U.S. company to develop electric vehicles, sources from Great Wall Motors said Thursday.

Choppy trading at Indian equities after outlook downgrade

April 26, 2012 at 1:13 PM

Mumbai, April 26 (IANS) Indian equities market was witnessing choppy trading Thursday, a day after ratings agency Standard & Poor's lowered its outlook to negative from stable on India's long-term sovereign ratings and also on major firms.

Chinese automaker to develop electric car with US partner

April 26, 2012 at 12:41 PM

Beijing, April 26 (IANS) One of China's major privately owned automakers, Great Wall Motors, will work with a US company to develop electric vehicles.

S&P lowers outlook for Infosys, TCS, Wipro to negative

April 25, 2012 at 7:41 PM

New Delhi, April 25 (IANS) Rating agency Standard & Poor's (S&P) Wednesday revised outlook for three top Indian information technology companies -- Infosys, Tata Consultancy Services (TCS) and Wipro -- to negative from stable.

Over 20,000 Americans studying in China: MOE

April 25, 2012 at 5:26 PM

Beijing, April 25 (Xinhua-ANI): A total of 23,292 Americans are currently studying in China with financial support from a bilateral government program, an official from China's Ministry of Education (MOE) said Wednesday.

Sensex ends 56 points down ahead of F&O expiry

April 25, 2012 at 5:25 PM

Mumbai, April 25 (IANS) A benchmark index for Indian equities markets closed 56 points lower Wednesday in choppy trade ahead of April futures and options expiry Thursday and after rating agency Standard & Poor's cut India's growth outlook from stable to negative.

Sensex slumps 117.57 points, Wipro tanks

April 25, 2012 at 2:41 PM

Mumbai, April 25 (IANS) A benchmark index for Indian equities markets was trading 117.57 points lower in the afternoon session Wednesday, affected by a decline in the shares of IT and power firms whose share prices came down by over 7 percent.

US oil price edges up

April 25, 2012 at 3:04 AM

New York, April 25 (IANS) The US crude oil price edged up Tuesday as market sentiment rose due to solid corporate earnings.

Sensex ends 111 points up; TCS, Wipro surge

April 24, 2012 at 5:08 PM

Mumbai, April 24 (IANS) A benchmark index for Indian equities markets closed 111 points higher Tuesday, led by an almost 12 percent surge in the share price of Tata Consultancy Services (TCS) and good buying support in other IT stocks on the back of a robust earnings outlook.

TCS shares surge 12 percent on robust earnings

April 24, 2012 at 3:16 PM

Mumbai, April 24 (IANS) The shares of Tata Consultancy Services (TCS) Tuesday surged more than 12 percent in the afternoon trade following a better than expected quarterly earning Monday.

Regulator to continue crackdown on "hot money" flow

April 24, 2012 at 1:41 PM

Beijing, Apr 24 (Xinhua-ANI): China will step up efforts to crack down on "abnormal" cross-border capital flow this year in a bid to protect the country's economic and financial security, the country's top foreign exchange regulator announced Tuesday.

Facebook reveals firm's revenues rose, but profits fell in first quarter of 2012

April 24, 2012 at 1:41 PM

Washington, Apr 24 (ANI): Social networking giant Facebook has revealed in a new filing with the Securities and Exchange Commission that the firm's revenues rose in the first quarter of this year, but its profits had fallen.

Facebook expecting more 'Yahoo-like' patent infringement lawsuits

April 24, 2012 at 1:41 PM

Washington, Apr 24 (ANI): Social networking giant Facebook has revealed in a new filing with the Securities and Exchange Commission that the firm is expecting more patent lawsuits.

Telecom shares plunge on 2G spectrum price hike move

April 24, 2012 at 1:40 PM

New Delhi, April 24 (IANS) The share prices of telecom firms fell sharply Tuesday, a day after the regulator proposed a high reserve price for the 2G spectrum to be auctioned.

Sensex rises 100 points; TCS, Wipro surge

April 24, 2012 at 1:08 PM

Mumbai, April 24 (IANS) A benchmark index for Indian equities markets was trading 100 points higher in the afternoon session Tuesday, led by more than 12 percent surge in the share price of Tata Consultancy Services (TCS).

Wall Street fall on European concerns

April 24, 2012 at 9:32 AM

New York, April 24 (IANS) US stocks slipped Monday as investors were concerned about new developments in Europe's debt crisis and political turmoil.

Sensex plunges 277 points on weak global cues (Roundup)

April 23, 2012 at 5:56 PM

Mumbai, April 23 (IANS) Indian equities markets closed lower Monday with a benchmark index falling 277.16 points. Realty, banking and telecom stocks were among the worst losers as weak European cues impacted trading sentiments ahead of the derivative expiry next Thursday.

China, U.S. to hold third CPE in Beijing

April 23, 2012 at 5:00 PM

Beijing, April 23 (Xinhua-ANI): The third annual China-U.S. Consultation on People-to-People Exchange (CPE) will be held in Beijing from May 3 to 4, Foreign Ministry spokesman Liu Weimin said on Monday.

Sensex closes 277 points down in choppy trade

April 23, 2012 at 4:36 PM

Mumbai, April 23 (IANS) Indian equities markets closed lower Monday with a benchmark index falling 277.16 points. Realty, banking and telecom stocks were among the worst losers.

Sensex down 1.05 percent at 17,192.02 points

April 23, 2012 at 2:28 PM

Mumbai, April 23 (IANS) A benchmark index for Indian equities markets was trading 181.82 points or 1.05 percent down Monday, amidst a choppy session ruled by major selling pressure.

Suzlon's arm bags orders worth $387 mn in two months

April 23, 2012 at 2:04 PM

Mumbai, April 23 (IANS) India's wind turbine manufacturing major Suzlon Energy Monday said its group subsidiary REpower Systems has bagged cumulative orders worth $387 million across Europe over a two-month period, excluding orders announced separately.

Sensex down 21.31 points in the afternoon trade

April 23, 2012 at 12:20 PM

Mumbai, April 23 (IANS) A benchmark index for Indian equities markets was trading 21.31 points or 0.12 percent down Monday, amidst a choppy session ruled by major selling pressure.

Reliance writes off 90 percent investments in Deccan 360

April 20, 2012 at 8:53 PM

Mumbai, April 20 (IANS) Reliance Industries' subsidiary Reliance Industrial and Investments Holding Friday said it has written off 90 percent of investments in aviation cargo and logistics company Deccan 360.

RIL fourth quarter net profit down 21.2 percent

April 20, 2012 at 8:13 PM

Mumbai, April 20 (IANS) Reliance Industries Ltd (RIL) Friday reported a 21.20 percent decline in net profit at Rs.4,236 crore in the fourth quarter of 2011-12, compared to Rs.5,376 crore in the corresponding period of 2010-11.

RIL fourth quarter net profit down 21.2 percent

April 20, 2012 at 6:29 PM

Mumbai, April 20 (IANS) Reliance Industries Ltd (RIL) Friday reported a decline of 21.20 percent in its net profit, which stood at Rs.4,236 crore in the fourth quarter of 2011-12 compared to Rs.5,376 crore in the corresponding period of 2010-11.

Cairn India consolidated net profit declines 11 percent

April 20, 2012 at 6:29 PM

Mumbai, April 20 (IANS) Cairn India Friday posted an 11 percent decline in consolidated net profit at Rs.2,186.23 crore during the quarter ended March 31 against Rs.2,457.79 crore during the like period of the previous financial year.

Sensex falls after previous rallies (Roundup)

April 20, 2012 at 5:09 PM

Mumbai, April 20 (IANS) Indian equities were in the red Friday after a key index opened lower and closed trade 130 points down under selling pressure. The index had risen more than 400 points this week after the country's central bank announced an interest rate cut.

Sri Lanka's bourse relaxes rule on 10 pct price band

April 20, 2012 at 4:37 PM

Colombo, April 20 (Xinhua-ANI): Sri Lanka's stock market opened on a positive note on Friday after the removal of the 10 percent price band by the Securities and Exchange Commission (SEC), analysts said here.

India's Sensex down after previous rallies

April 20, 2012 at 3:25 PM

Mumbai, April 20 (IANS) Indian equities were ruling in the red intra-day Friday after a key index opened lower, following a rise of more than 400 points this week largely due to the favourable monetary policy announced by the central bank three days ago.

India's Sensex down after previous rallies

April 20, 2012 at 1:57 PM

Mumbai, April 20 (IANS) Indian equities were ruling in the red intra-day Friday after a key index opened lower, following a rise of more than 400 points this week largely due to the favourable monetary policy announced by the central bank three days ago.

Sri Lanka's bourse relaxes rule

April 20, 2012 at 1:17 PM

Colombo, April 20 (IANS) Sri Lanka's stock market opened on a positive note Friday after the removal of the 10 percent price band by the Securities and Exchange Commission (SEC), analysts said here.

Facebook IPO 'expected to take place on May 17'

April 20, 2012 at 12:21 PM

London, Apr 20(ANI): Facebook's flotation is expected to take place on May 17.

India's Sensex down after previous rallies

April 20, 2012 at 12:05 PM

Mumbai, April 20 (IANS) Indian equities were ruling in the red intra-day Friday after a key index opened lower, after rising more than 400 points this week due largely to the favourable monetary policy announced by the central bank three days ago.

Sensex closes 111.32 points higher, auto stocks rally

April 19, 2012 at 6:45 PM

Mumbai, April 19 (IANS) A benchmark index for Indian equities markets closed 111.32 points or 0.64 percent higher Thursday with interest rates-sensitive auto stocks making considerable gains after the central bank cut key lending rates.

Eye-recognition techniques picking out 'needle in haystack' much faster

April 19, 2012 at 5:57 PM

Washington, Apr 19 (ANI): Identifying people by capturing pictures of their eyes is becoming easier, a new study has revealed.

IndusInd Bank quarterly net profit rises 30.5 percent

April 19, 2012 at 4:21 PM

Mumbai, April 19 (IANS) Private sector IndusInd Bank Thursday reported a 30.5 percent hike in net profit at Rs.223.38 crore during the quarter ended March 31 against Rs.171.16 crore in the like period of the previous financial year.

St. Jude to provide latest medical technologies to India

April 19, 2012 at 11:25 AM

Hyderabad, April 19 (IANS) US-based global medical device company St. Jude Medical Inc. will make its latest technologies available to patients in India, a top company official said here.

Sensex closes 0.2 percent higher at 17,392.39 points (Intro Roundup)

April 18, 2012 at 7:17 PM

Mumbai, April 18 (IANS) A benchmark index for Indian equities markets closed 34.45 points or 0.2 percent higher Wednesday, a day after the Reserve Bank of India (RBI) announced a cut in key interest rate.

Sensex closes at 34 points (Roundup)

April 18, 2012 at 5:17 PM

Mumbai, April 18 (IANS) A benchmark index for Indian equities markets closed 34.45 points or 0.20 percent higher Wednesday, a day after the Reserve Bank of India (RBI) announced a cut in key interest rate.

Pakistani bomb-maker scoured New York for targets

April 18, 2012 at 4:53 PM

New York, April 18 (IANS) A Pakistani bomb-maker, who was involved in a foiled 2009 plot against New York city's subways, has revealed how he and an Al Qaeda handler in Pakistan considered everything from the subway to movie theatres as targets.

Sensex rises 89 points

April 18, 2012 at 4:13 PM

Mumbai, April 18 (IANS) A benchmark index for Indian equities markets was trading 89 points or 0.51 percent higher Wednesday, a day after the Reserve Bank of India (RBI) announced the cut in interest rates.

HDFC Bank Q4 profit up 30 percent

April 18, 2012 at 2:21 PM

Mumbai, April 18 (IANS) HDFC Bank, India's second-largest private lender, Wednesday reported a 30.4 percent increase in its net profit at Rs.1,453.1 crore for the quarter ended March 31, 2012, led by higher interest rate margins and stable asset quality.

Sensex rises 100 points in the afternoon trade

April 18, 2012 at 1:17 PM

Mumbai, April 18 (IANS) A benchmark index for Indian equities markets was trading 100 points or 0.58 percent higher Wednesday, a day after the Reserve Bank of India (RBI) announced the cut in interest rates.

Pakistani bomb-maker eyed multiple targets in New York

April 18, 2012 at 10:21 AM

New York, April 18 (IANS) The Pakistani bomb-maker involved in a foiled 2009 plot against New York city's subways has revealed how he and an Al Qaeda handler in Pakistan considered everything from the subway to movie theatres as targets.

Pakistani bomb plotter eyed multiple targets in New York

April 18, 2012 at 9:33 AM

New York, April 18 (IANS) The admitted Pakistani bomb-maker in a foiled 2009 plot against New York city's subways has revealed how he and an Al Qaeda handler in Pakistan considered everything from the subway to movie theatres as targets.

Realty industry welcomes rate cut, sees benefit for all

April 17, 2012 at 7:01 PM

New Delhi, April 17 (IANS) The interest rate-sensitive realty sector Tuesday welcomed the Reserve Bank of India's (RBI) decision to cut key lending rates by 50 basis points, and felt the move will boost sentiments of builders and home loan customers.

Auto industry welcomes rate cut

April 17, 2012 at 6:37 PM

New Delhi, April 17 (IANS) The Indian automobile industry, which struggled with a sluggish market last year due to high interest rates, Tuesday welcomed the Reserve Bank of India's (RBI) decision to cut key lending rates by 50 basis points, saying the move will boost buyers' sentiments.

Sensex closes 207 points up, banking, realty, auto stocks rally (Roundup)

April 17, 2012 at 5:41 PM

Mumbai, April 17 (IANS) A benchmark index for Indian equities markets closed 206.99 points or 1.12 percent higher Tuesday after the Reserve Bank of India (RBI) cut key interest rates.

India's central bank cuts interest rates to spur economy (Roundup)

April 17, 2012 at 5:41 PM

Mumbai, April 17 (IANS) The Reserve Bank of India (RBI) Tuesday cut some key rates by 50 basis points in a bid to push industrial growth and stimulate economy -- a move that may also see interest rates falling on housing, automobile and commercial loans.

Sensex rises 102.09 points, banking, realty stocks rally

April 17, 2012 at 4:37 PM

Mumbai, April 17 (IANS) A benchmark index for Indian equities markets was trading 102.09 points or 0.60 percent higher around 2.00 p.m. Tuesday after the Reserve Bank of India (RBI) announced cut in interest rates.

Sensex rises 110 points, banking, realty stocks rally

April 17, 2012 at 12:15 PM

Mumbai, April 17 (IANS) A benchmark index for Indian equities markets was trading 110 points or 0.64 percent higher around 11.30 a.m. Tuesday after the Reserve Bank of India's (RBI) announced the cut in interest rates.

India's central bank cuts rates to push growth

April 17, 2012 at 11:59 AM

Mumbai, April 17 (IANS) The Reserve Bank of India (RBI) Tuesday cut some key rates by 50 basis points in a bid to push industrial growth and stimulate economy -- a move that may also see interest rates falling on housing, automobile and commercial loans.

Sensex closes 56 points up on interest rate cut hopes

April 16, 2012 at 4:59 PM

Mumbai, April 16 (IANS) A benchmark index for Indian equities markets closed 56.44 points or 0.33 percent higher Monday on speculation that the Reserve Bank of India (RBI) may cut interest rates for the first time in three years.

Sensex rises 21 points, banking stocks rally

April 16, 2012 at 2:11 PM

Mumbai, April 16 (IANS) A benchmark index for Indian equities markets was trading 21 points higher in the afternoon session Monday on speculation that the Reserve Bank of India's (RBI) might cut interest rates for the first time in three years.

Three in four Brits want human rights act dumped: Poll

April 15, 2012 at 2:19 PM

London, April 15 (ANI): Nearly 72 percent people in the UK believe that human rights laws are being misused by criminals and should be scrapped, according to a poll.

Sensex tanks 238 points on poor Infosys growth outlook

April 13, 2012 at 6:03 PM

Mumbai, April 13 (IANS) A benchmark index for Indian equities markets fell 238 points Friday on poor 2012-13 revenue guidance from technology bellwether Infosys and Eurozone woes.

Infosys lowers guidance for fiscal 2013

April 13, 2012 at 12:35 PM

Bangalore, April 13 (IANS) India's second largest IT bellwether Infosys Ltd Friday projected a lower guidance of 15 percent growth year-on-year (YoY) for the new fiscal 2012-13 (FY 2013) on signs of slow recovery in global markets.

Infosys declares 440 percent final dividend

April 13, 2012 at 10:51 AM

Bangalore, April 13 (IANS) IT giant Infosys Ltd Friday declared a final dividend of Rs.22 per share for fiscal 2011-12, which is 440 percent over its par value of Rs.5 per share.

Sensex ends 133 points higher on hopes of rate cuts

April 12, 2012 at 4:43 PM

Mumbai, April 12 (IANS) A benchmark index for Indian equities markets advanced 133 points Thursday as lower than expected industrial output numbers reinforced expectations of a rate cut by the Reserve Bank of India for the first time in three years.

Aviation stocks climb on FDI hopes

April 11, 2012 at 5:31 PM

Mumbai, April 11 (IANS) Share prices of aviation companies soared Wednesday on reports that the government would this week permit up to 49 percent foreign direct investment (FDI) in the sector, allowing foreign airlines to pick up stakes in domestic carriers.

Sensex closes 44 points down

April 11, 2012 at 4:27 PM

Mumbai, April 11 (IANS) A benchmark index for Indian equities markets closed 44 points down in lackluster trading Wednesday, largely due to heavy selling pressure in metal stocks.

Sensex slips 100 points; metal, telecom stocks slump

April 11, 2012 at 1:00 PM

Mumbai, April 11 (IANS) A benchmark index for Indian equities markets fell nearly 100 points in the afternoon session Wednesday due to selling pressure in metal, telecom and oil and gas stocks.

Sensex ends in green; FMCG, auto stocks rally

April 10, 2012 at 4:51 PM

Mumbai, April 10 (IANS) A benchmark index for Indian equities markets managed to close in the positive in volatile trade Tuesday as buying interest in FMCG, auto and banking stocks outweighed losses in consumer goods, IT and metal scrips.

Sensex falls 58 points; IT, metal stocks slump

April 10, 2012 at 1:22 PM

Mumbai, April 10 (IANS) A benchmark index for Indian equities markets fell 58 points in the afternoon session Tuesday due to selling pressure in technology and metal stocks.

Sensex slumps 220 points on weak Asian cues

April 9, 2012 at 1:45 PM

Mumbai, April 9 (IANS) A benchmark index for Indian equities markets fell 220 points in the afternoon trading Monday on sustained selling pressure due to weak cues from Asian peers.

Lessons in tabla, dholak in Trinidad schools

April 8, 2012 at 4:33 PM

Port-of-Spain, April 8 (IANS) Nearly 167 years after Indians arrived here, the sounds of the tabla, dholak and harmonium will be heard in over 550 primary schools of Trinidad and Tobago which will now teach the Indian musical instruments to students.

Facebook selects Nasdaq over NYSE for listing Initial Public Offering shares

April 6, 2012 at 3:53 PM

Washington, Apr 6(ANI): Facebook plans to list its shares on the tech-heavy Nasdaq stock market that can be regarded as a setback to the rival New York Stock Exchange (NYSE), which had fought hard for the listing.

Sensex falls 111 points on weak global cues

April 4, 2012 at 4:56 PM

Mumbai, April 4 (IANS) Indian equities markets benchmark indices closed in the red for the first time in four sessions Wednesday as some investors booked profit due to weak cues from global peers ahead of a long weekend.

Sensex falls 100 points on weak Asian cues

April 4, 2012 at 1:36 PM

Mumbai, April 4 (IANS) A benchmark index for Indian equities markets was trading over 100 points lower in the afternoon session Wednesday as some investors booked profit due to weak cues from Asian peers.

Claims in wage suit in US without merit: TCS

April 3, 2012 at 7:21 PM

Mumbai, April 3 (IANS) Tata Consultancy Services (TCS) Tuesday said the claims made in a class action suit for violating rights of its non-US citizen workers in the US were "without merit".

BHEL FPO on hold, profit rises 14.3 percent in 2011-12

April 3, 2012 at 6:24 PM

Mumbai, April 3 (IANS) State-owned Bharat Heavy Electricals Ltd (BHEL) Tuesday said its follow on offer (FPO) for which the draft prospectus was filed with the Securities and Exchange Board of India (SEBI) last year has been put off.

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