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China may not build up steel reserves
BEIJING: China is likely to give up a plan to build up state reserves in steel as the government and industry association have found it to be an impractical task, state media reported on Wednesday.Beijing is taking advantage of a collapse in energy a...
NSE shows the door to 17 F&O scrips
MUMBAI: Downsizing is the current buzzword and the National Stock Exchange’s (NSE) futures & option (F&O) segment is no different. The exchange is pruning the list of derivatives scrips after the rapid expansion that took place till last ye...
Australia shares fall 1 pct, Macarthur Coal tumbles
SYDNEY: Australian stocks fell 1 percent on Tuesday as top phone company Telstra Corp Ltd slid and Macarthur Coal lost 22 percent after cutting its earnings forecast on slumping global demand. The benchmark S&P/ASX 200 index fell 35.2 points to c...
Gold rises 2% on weaker dollar, upside capped
TOKYO: Gold rose about 2 per cent on Monday as a fall in the dollar against the euro increased the yellow metal's appeal as an alternative asset, but further buying was capped by uncertainty over the global economic outlook.Investors were mostly on t...
Fed won't stand down until crisis is resolved: Bernanke
US Federal Reserve Chairman Ben Bernanke said the credit markets will take some time to unfreeze but added that he was confident the US economy will emerge with a ‘renewed vigour’. Stating that the Fed “will not stand down until the crisis is r...
US FDA nod for new drug does not benefit Aurobindo Pharma
Aurobindo Pharma was flat at Rs 195 at 11:14 IST on BSE, even as the company said on Monday, 13 October 2008, it has received final approval from US Food & Drug Administration for Risperidone tablets in multiple strengths.The company made this an...
For AIG, $85 billion might not be enough
American International Group's deal with the government is a bankruptcy liquidation in all but name, and the $85 billion it has borrowed may not be enough extra money to pay off all its obligations, particularly in its derivatives books.AIG had $971....
India's FY09 growth seen around 8 pc
NEW DELHI: Economy is likely to expand around 8 per cent in the year to March 2009, but 9-10 per cent growth in the medium term is "achievable", the deputy chief of India's planning panel said on Thursday. "We are targeting 9 per cent growth, getting...
FinMin rules out interest subsidy extension to exporters
NEW DELHI: Finance Ministry has ruled out extension of four per cent interest subsidy to exporters beyond September 30, on the ground that there is no case for such a facility after rupee has started depreciating. "Finance Minister P Chidambaram info...
http://economictimes.indiatimes.com/News/News_By_Industry/Indian-origin_Nishita_Shah_among_Next_Gen_billionaires/articleshow/3388381.cms#
BANGALORE: As excitement heightens for the launch of Apple's iPhone in India Friday, two Indian techies from the US have pitched in to offer a free download of their mobile application on iPhone for photo sharing, with value added features to boot. T...
Indian-origin Nishita Shah among Next Gen billionaires
WASHINGTON: Nishita Shah, 28, an Indian origin businesswoman from Thailand, golfer Tiger Woods and Elon Musk, co-founder of online payment processor PayPal figure on Forbes’ list of next-generation billionaires. Besides Shah, managing director of T...
Toyota to cut 2009 sales forecast: report
TOKYO: Toyota Motor Corp will cut its global sales target for 2009, pushing back its goal of becoming the world's first company to sell more than 10 million vehicles in one year, a report said Thursday. Toyota, vying with General Motors to be the wor...
K S Oils gains in value and volume
K S Oils soared 3.27% to Rs 71 at 11:22 IST on BSE extending gains for the fourth trading session on continued buying interest.Meanwhile, the BSE was down 245.76 points, or 1.66%, at 14434.97.On BSE, 25.46 shares were traded in the counter. The scrip...
Real estate firms delay plans, shares face the heat
MUMBAI: Most Indian developers have hit the brakes on fresh land acquisitions as a slide in the stock market, rise in interest rates and aggressive demands of the private equity investors have limited funding options. After five years of boom, real e...
Copper, gold futures may open up
MUMBAI: Copper futures are expected to open up on Monday tracking overseas gains, an analyst said. Overseas copper has been trading strong in the past few sessions on bargain buying and on a rebounding crude oil. The benchmark August copper on the Mu...
Chrysler to cut supply chain costs by 25%
DETROIT: Chrysler LLC aims to cut its supply chain costs by 25% in the next three years, and improve its relationship with suppliers, John Campi, executive vice president of procurement, said on Friday. Campi also said Chrysler has named as its “su...
Stocks to watch on Monday
MUMBAI: Equities are headed for a weak start on Monday amid mixed global cues and as macro-economic concerns on the domestic front weigh on sentiment. On Thursday, the wholesale price index rose to a 16-year high to 12.44 per cent for the week to Aug...
Gold ETFs and gold mutual funds good investment options
In order to cushion the losses resulting from stock market slowdown and rising inflation levels, Rajesh Gupta, a 43-year-old salaried professional, was advised to invest a part of his money in gold. His financial planner backed this advice with the f...
US Market tries to stay steady
Steady dollar and lower crude price remain the highlights of the weekA strong dollar and lower commodity prices continued to be the main highlights for the US Market for the week ended on Friday, 15 August. Though there were plenty of economic news a...
Sical to invest Rs 1,700 crore in logistics network
NEW DELHI: Chennai-based Sical Logistics plans to invest Rs 1,700 crore to develop a nation-wide multi-modal logistics network, including cargo terminals and rail lines. It will invest Rs 1,100 crore to develop two cargo terminals and an additional R...
Pakistani investors stone bourse as markets slump
Hundreds of angry investors, upset by plunging Pakistani share prices, smashed windows of Karachi Stock Exchange and scuffles broke out during a protest on Thursday to demand a temporary closure of the market."We are looking at the situation and ther...
Banks, exporters lead Nikkei to biggest gain in month
Japan's Nikkei stock average rose 1 percent on Thursday for its biggest gain in a month, buoyed by Nomura Holdings and other financials after surprisingly strong results from a U.S. bank eased credit worries. Canon Inc and other exporters climbed as...
Oil steady after sharp losses on slowing U.S. demand
Oil held steady on Thursday, after a second consecutive session of steep losses the day before, as a surprise build in U.S. crude oil inventories, amid failing demand, weighed down the market. U.S. crude futures eased 7 cents to $134.53 a barrel at ...
