Sensex tumbles in morning trade
MUMBAI - A benchmark index of Indian equities Tuesday dived sharply in morning trade, having opened on a green note.
Wall Street stocks rise in very light trading
NEW YORK - Major US stock indices booked minimal gains Monday in slow holiday trading.
Tokyo shares fall on stronger yen
TOKYO - Japanese stocks declined in Tuesday morning trading as investor sentiment was hurt by a stronger yen and investors sold shares to lock in immediate gains.
Money Market Operations as on October 11, 2010
(Amount in Rupees crore, Rate in per cent) MONEY MARKETS @ Volume Wtd.Avg.Rate Range (One Leg) A.
Nine private companies bid for rural welfare project
NEW DELHI - Nine private companies have bid for 15 pilot projects under the government's Provision of Urban Amenities in Rural Areas (PURA) scheme that seeks to enhance livelihood opportunities in rural areas through public-private-partnership (PPP), an official said Monday.
Microsoft, the underdog, launches mobile comeback
NEW YORK - Hoping to gain back ground lost to its rivals Google and Apple, Microsoft Monday launched a new line of smartphones that chief executive Steve Ballmer claimed were more "intuitive" and "delightful" than their competitors.
Petrofac to get BP’s share in UAE gas plant
Sharjah, Oct 11 (IANS/WAM) Multinational oil services firm Petrofac has signed a $250 million deal with the Sharjah government to take over the operational responsibility and management of BP's 40 percent share in the Sajaa Gas Plant in the United Arab Emirates.
Modi meets 14 foreign envoys
GANDHINAGAR - Chief Minister Narendra Modi met ambassadors and high commissioners of 14 countries here Monday and sought to promote Gujarat as an ideal investment destination.
Durex launches e-store to increase condom sales
MUMBAI - Durex India has launched an eStore to facilitate the sale of condoms online.
No loan recovery from NREGA wages, Haryana warns banks
CHANDIGARH - The Haryana government Monday warned banks against recovering outstanding loans from the wages earned by people under the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA).
New rehabilitation policy within a month: Jaiswal
KOLKATA - The Group of Ministers would finalise within a month a new rehabilitation and resettlement policy for those displaced by mining projects, Coal Minister Sriprakash Jaiswal said Monday.
India’s nuclear power generation exceeds target
MUMBAI - Electricity generation from India's nuclear power plants exceeded its target for the first time in nearly half a decade, mainly due to the availability of imported fuel, an official said here Monday.
Cabinet nod to 3 Delhi Metro corridors in Phase III (Lead, Superseding earier story)
NEW DELHI - The Delhi government Monday cleared three of the six corridors of Delhi Metro's Phase III and asked for a detailed project report (DPR) on the other three from the transport department.
MTNL invites bids for 3G roaming in Delhi and Mumbai
NEW DELHI - Mahanagar Telephone Nigam Ltd(MTNL) has invited bids from operators, who could not get 3G spectrum in Delhi and Mumbai circles in the auction held in June, to provide roaming facility for their subscribers on its network.
Government of India announce the sale of three dated securities for Rs. 11,000 crore on October 15, 2010
The Government of India have announced the sale (re-issue) of (i) “7.17 percent Government Stock 2015” for a notified amount of Rs.4,000 crore (nominal), (ii) “7.80 percent Government Stock 2020” for a notified amount of Rs.4,000 crore (nominal) and (iii) “8.26 percent Government Stock 2027” for a notified amount of Rs.3,000 crore (nominal) through price based auctions.
Strike at Neyveli Lignite enters
CHENNAI - The strike by the 13,000 contract workers of the Neyveli Lignite Corporation (NLC) demanding pay parity with permanent workers entered its 23rd day Monday.
Columbus Day Not Observed as a Holiday in Private Sector
NEW YORK (GaeaTimes.com) -- Today marks the Columbus Day.
Asian nations need to cooperate in nuclear field
MAHABALIPURAM - As a whopping 271 nuclear power reactors are being planned in Asia, there is an urgent need for cooperation among countries of the region to the meet the various technological and infrastructural challenges and proliferation concerns, a top industry official said here Monday.
Diamond, Mortensen, Pissarides share Nobel for economics
STOCKHOLM - The Nobel prize for economics was awarded Monday to US researchers Peter A.
Punjab, Haryana cross 2.65 mn tonnes paddy procurement
CHANDIGARH - Heading for a bumper crop despite heavy rains and floods last month, Punjab and Haryana have crossed the 2.65 million (26.5 lakh) tonnes mark in paddy procurement in the first 10 days of procurement this season.
Diamond, Mortensen, Pissarides win Nobel for economics
STOCKHOLM - The Nobel prize for economics was awarded Monday to Peter A.
FII inflows help Sensex close 89 points higher (Roundup)
MUMBAI - A benchmark index of Indian equities Monday moved up marginally after trading in a tight range all day to close 89 points higher than its previous close as foreign funds continued to pour in substantial amounts.
Issue of new Coins of ` 5 and ` 2 with the theme “XIX COMMONWEALTH GAMES, 2010-DELHI”
The Reserve Bank of India will shortly put into circulation coins of ` 5 and ` 2 with the theme "XIX COMMONWEALTH GAMES, 2010-DELHI" The coins of above denominations shall conform to the following dimension, design and composition, namely : Denomination of the coin Shape and outside diameter Metal composition Five Rupees Circular 23 millimeters Nickel Brass Copper - 75% Zinc - 20% Nickel - 5% Two Rupees Circular 27 millimeters Ferritic Stainless Steel Iron - 83% Chromium-17% Designs: Five Rupees Obverse : The face of the coin shall bear the lion capitol of Ashoka Pillar with the legend "melecesJe peeles" inscribed below, flanked on the left upper periphery with the word "Yeejle" in Hindi and on the right upper periphery flanked with the word "INDIA" in English.
Indian animation industry will grow to $1.7 billion by 2012
NEW DELHI - The Indian animation industry will grow at a compounded annual rate of 30 percent to reach a market size of $1.7 billion by 2012 and add over three lakh skilled animators, an industry lobby said Monday.
Sensex creeps up 104 points in late trade (Second Lead)
MUMBAI - A benchmark index of Indian equities Monday moved up marginally after trading in a tight range all day to close 104 points higher than its previous close.
SEBI Approval Pending In Cairn-Vedanta Deal
MUMBAI, INDIA (Gaea Times.com) Vedanta Group has declared their intentions of not increasing their open offer price for the minority shareholders of Cairn India.
Vedanta not to hike Cairn India offer price
MUMBAI - International metals major Vedanta Group Monday said it would not hike the price of the open offer to minority shareholders of oil producer Cairn India in which it is seeking to acquire a majority stake.
Money Market Operations as on October 9, 2010
(Amount in Rupees crore, Rate in per cent) MONEY MARKETS @ Volume Wtd.Avg.Rate Range (One Leg) A.
Pranab Mukherjee seeks more financial sector reforms
WASHINGTON - Finance Minister Pranab Mukherjee indicated here that the Government of India was wanting to implement more reforms in the financial sector, but has not gone ahead with the process as the Congress led United Progressive Alliance (UPA) government does not have the required majority in the Indian Parliament to pass the bills.
Nirma To Delist From BSE & NSE
MUMBAI, INDIA (Gaea Times.com) Nirma Ltd.
