Sensex closes 88 points down in volatile trading (Roundup)September 25th, 2009 MUMBAI - A key index of Indian equities markets closed 88 points lower Friday owing to a fall in metals, IT and telecom stocks. Though market conditions were volatile through the day, mid- to small-sized company scrips helped steady broader market fluctuations.
'Satyam scam has scared small investors off stock markets'August 23rd, 2009 HYDERABAD - India has a huge potential to involve retail investors in the stock markets but they are not coming out to invest because they have learnt a lesson from the Satyam Computer fraud, feels Madhav Mehra, president of the London-based World Council for Corporate Governance. "The stock market participation of Indians is barely two percent while in the US it is 45 percent," Mehra told IANS during a visit here.
Navigator Garmin posts lower earnings, but beats estimates, says worst of revenue decline overAugust 5th, 2009 Garmin 2Q profit falls, tops estimate, shares soarKANSAS CITY, Mo. — Navigational device maker Garmin Ltd.
West Bengal keen to develop small industries on railway landAugust 5th, 2009 KOLKATA - The West Bengal government Wednesday requested Railways Minister Mamata Banerjee to hand over the excess railway land to the state government for developing small and medium-scale industries. "We, on behalf of the department for state cottage and small-scale industries, sent a letter to Mamata Banerjee, requesting her to hand over the excess land of the railways to the state government.
DOT study asks motorists about using on-board computer to tax miles drivenJuly 8th, 2009 Drivers asked to test alternative to fuel taxALBUQUERQUE, N.M. — Researchers are looking for 1,500 drivers in six cities, including Albuquerque, to test an on-board computer system that taxes motorists based on miles driven rather than fuel taxes paid at the pump.
Lenovo wants to do a China in IndiaJune 30th, 2009 NEW DELHI - Personal computer (PC) manufacturer Lenovo, struggling at the fifth position among PC makers in India, is looking at emulating its China success in other emerging markets including India, a top official said Tuesday. We have restructured our global business and have divided markets into the emerging and developed market categories.
Both sides agree to delay hearing on Star Tribune request to terminate union drivers' contractJune 5th, 2009 Hearing delayed on Star Tribune drivers' contractMINNEAPOLIS — A Teamsters official says the union and the Star Tribune have agreed to postpone a bankruptcy court hearing set for next week on the newspaper's request to cancel its contract with unionized drivers. Bob Moore, business agent for Teamsters Local 638, says the newspaper asked for more information about the drivers' pension.
Micro-industries of Tamil Nadu hit by global economic slumpJune 3rd, 2009 COIMBATORE - The global recession has affected the micro or the small industries in Tamil Nadu. Coimbatore is popularly known as the Manchester of South India because of large number of textile mills and textile units situated in and around the region.
China's largest computer maker targets rural marketMarch 6th, 2009 BEIJING - Lenovo, China's largest personal computer maker, aims to sell five million computers in rural areas within three years, China Daily reported Friday. The company plans to establish 700 sales and service outlets in towns, and to cover 320,000 villages across the country through 7,800 sales networks in the next three years.
Merger of Reliance Industries, fuel exporting arm approvedMarch 2nd, 2009 MUMBAI - In one of the largest merger deals in India, Reliance Petroleum will merge with its parent and the country's biggest company, Reliance Industries, in what the promoters say will create better synergies for them in the hydrocarbons space. The board of the two companies met here Monday to unanimously approve the merger in the ratio of one share of Reliance Industries for every 16 shares of Reliance Petroleum.
Markets close lower, bring end to choppy trading weekJanuary 22nd, 2009 MUMBAI - Indian equities markets closed lower Friday, bringing an end to a week of volatile activities. A key index ended trade 1.58 percent lower than its previous close.
Financial meltdown a boon for small factories in PunjabJanuary 19th, 2009 MOHALI - The global financial slump has come as a boon for small industrial units in Punjab. As the bigger units pare down production and focus on cost-cutting, orders have begun to be re-routed to the small-scale sector in the state.
Market slump continuesJanuary 11th, 2009 MUMBAI - Indian equities markets were still caught in a slump early Monday afternoon, with a key index shedding 2.5 percent over its close Friday. The sensitive index (Sensex) of the Bombay Stock Exchange (BSE) was down 2.5 percent or 235.04 points and was trading at 9,171.43 points, about 90 minutes before close.
Markets remain volatile in afternoon tradeJanuary 8th, 2009 MUMBAI - Indian equities markets remained volatile till mid-afternoon Friday, with a key index losing about 1.44 percent over its last close. The sensitive index (Sensex) of the Bombay Stock Exchange (BSE) was down 1.44 percent or 137.92 points to 9,448.96 points, after opening lower than Wednesday's close of 9,586.88 points.
Markets recover from mid-day slide, close higherJanuary 5th, 2009 MUMBAI - Indian equities markets recovered Tuesday from a mid-afternoon fall to close marginally higher with a key index closing 0.59 percent higher than its close Monday. At the closing bell, the sensitive index (Sensex) of the Bombay Stock Exchange (BSE) was at 10,335.93 points, up 0.59 percent or 60.33 points over its previous close of 10,275.6 points.