 All Market News |
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Sensex nearly flat, up 26pts; TCS gains 5% |
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The Sensex has pared most of its gains and is now up 26 points at 8,477.
Earlier in the day, the index after a flat start had rallied smartly to a high of 8,821.
TCS has soared 4.8% to Rs 492, and |
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RIL oil deals with Kurdistan illegal: Iraqi Oil Minister |
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Iraq has dubbed as "illegal" the contracts signed by Reliance Industries' (RIL) for two oil blocks in Kurdistan saying companies signing oil deals with Kurdistan Regional Government (KRG) |
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Royal Phillips buys Meditronics |
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Dutch consumer electronics major Royal Phillips Electronics has acquired Mumbai-based Meditronics, a leading manufacturer of general x-ray systems, targeting the economy segment in India. |
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Glenmark gets USDFA nod for ulcer tablets |
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Glenmark Generic, a US subsidiary of Glenmark Pharmaceuticals, has received Abbreviated New Drug Application (ANDA) approval from the US Foods and Drug Admin (USFDA) for Ranitidine 150 milligrams (mg) |
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HC asks Pepsi to remove mountain's picture from water bottle |
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The Delhi High Court today directed Pepsico India, to remove the picture of a "snow capped mountain" from its packaged water product Acquafina. |
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Dell Q3 net income dips 5% to $727 mn |
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World'ssecond largest PC maker Dell today said its net income dipped by five per cent in the third quarter as customers and businesses reduced spending on technology due to economic |
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Honda to cut production by another 18,000 vehicles |
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Honda Motor Co said it will cut its North American production by another 18,000 vehicles, citing the industry wide drop in demand for new vehicles. |
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US news agency AP to cut staff by 10% |
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The US news agency the Associated Press plans to reduce its staff by 10 per cent by some point in 2009, mostly through attrition, AP president and chief executive Tom Curley said. |
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Future Group eyes Rs 10,000 cr revenue by 2012 |
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Kishore Biyani-led Future Group plans to expand its FMCG, consumer durables, apparels and electronics line of businesses and is aiming to clock a revenue of Rs 10,000 crore by 2012.
"We already |
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OVL to make offer for Imperial shares by Dec 9 |
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ONGC Videsh, the overseas arm of state-run Oil and Natural Gas Corporation (ONGC), will make an offer to acquire shares of UK-listed Imperial Energy Corp Plc, at 12.50 pounds a share by December |
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Rolls-Royce plans to cut 2,000 job in 2009 |
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Rolls-Royce Group PLC said today it plans to cut up to 2,000 jobs next year as demand for its products slumps amid the global economic downturn. |
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TV strike to continue as worker's body goes back on MoU |
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Over 80-million cable and satellite homes may continue to watch the re-runs of old television shows for some more days as the Federation of Western Indian Cine Employees (FWICE), the body representing |
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Citi's Nayar joins KKR India as CEO |
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Kohlberg Kravis Roberts (KKR) has appointed Sanjay Nayar as CEO and country head of KKR in India. |
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AstraZeneca to axe 1,400 jobs by 2013 |
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Global pharmaceutical giant AstraZeneca today said it will slash about 1,400 jobs in the coming years across Europe, as part of the restructuring plan of its manufacturing and supply chain |
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OMC cuts iron ore prices by 40-50% |
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The Orissa government's largest PSU, Orissa Mining Corporation (OMC), today said it has decided to reduce iron ore prices by 40 to 50 per cent following lack of demand. |
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Colgate-Palmolive sells Nepal arm |
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Oral care company Colgate Palmolive India has transferred its shareholding in its Nepal subsidiary to Nepal-based Everest Hygiene Products, for an undisclosed amount. |
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Raja expects significant drop in call rates |
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Telecom Minister A Raja feels there is enough scope for tariffs to come down to a level of 20 paise per minute for local calls and 50 paise per minute at national level after new operators start |
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Maruti rules out price cut |
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The country's leading automobile manufacturer, Maruti Suzuki India, will not reduce prices of its products to beat the recession, a company official said today. |
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Reckitt Benckiser aims over 20% growth |
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FMCG major Reckitt Benckiser is planning to further consolidate its share in the Indian home and personal care, healthcare and fabric care market with a target for an annual growth of over 20 per |
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DLF may trim staff in future: K P Singh |
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Real estate giant DLF today said trimming of staff could happen in the future, although it has not laid off any employee so far. |
