The benchmark Sensex by midsession partially recovered to trade at 10,726.06 points, still lower by over 600 points, after suffering massive losses in early trade on reports of inflation declining and the Finance Minister P Chidambaram’s soothing comments. The Bombay Stock Exchange bellwether index, which tumbled by nearly 1,088 points in the opening session, recovered […]
Michael Sroka dreamed up a day-trading website for sports fans while still in high school, and the concept will finally come to fruition with the launch of OneSeason.com.
The website, scheduled to debut on Wednesday, offers U.S. fans the chance to buy shares in such athletes as basketball star LeBron James and golfer Tiger Woods. The […]
At a time when consumers are worried about the nation’s economy, IBM wants everyone to know it is financially sound. The Armonk, NY-based company released a preview of its earnings Wednesday, a week before its scheduled earnings announcement on Oct. 16, and said it remains confident in its financial outlook for the year.
Analysts say the […]
With organised retail in India growing at 20 per cent per annum, about 315 hypermarkets are likely to come up in Tier I and II cities by 2011, a study has said.
“Organised retail is growing at 20 per cent annually and encouraging mall-building activities at a phenomenal rate. This would lead to setting up of […]
Banks and Wall Street firms ramped up borrowing from the Federal Reserve’s emergency lending facility over the past week, a fresh sign of the credit stresses plaguing the country.
A Fed report released Thursday says commercial banks averaged $21.6 billion in daily borrowing over the past week. That compared with a daily average of $19.8 billion […]
The rupee trimmed losses to close at the day’s high on Thursday helped by dollar selling by the Reserve Bank of India (RBI) and a recovery in the local share market, which slumped more than 5 percent in early trade.The partially convertible rupee ended at 46.42/43 per dollar, still 0.2 percent weaker than 46.33/35 at […]
Indian equity markets continued their free fall Monday morning on the back of news that Lehman Bros of the US had decided to file for bankruptcy and due to terror attacks in New Delhi.A little after noon, the 30-share benchmark sensitive index of the Bombay Stock Exchange, the Sensex, fell further to 13,250.89, down 749.92 […]
Vedanta Resources Plc, controlled by billionaire Anil Agarwal, has embarked on a restructuring plan to eliminate cross-holdings and streamline the corporate structure. The recast will result in three commodity focussed verticals-copper and zinc-lead, aluminium and energy and iron ore.
Analysts say that the move is beneficial for shareholders. “Sterlite Industries will establish core competency in […]
For the second consecutive day Indian equity markets closed in the red on the back of weak global cues and nuclear deal imbroglio.The markets opened in the red and continued to slide till afternoon. By the last hour of trade, it lost maximum points and ended the day with a hefty loss.
The 30-share benchmark index […]
Any professional business owner or executive should have a nice business card at the ready. It’s just the classic solution to communication problems. If you meet a new client, you can just end the conversation with a courteous goodbye to accompany your business card. If they are interested in working with you, they now have […]