Business
Sensex down over 50 points at closing
Selling was seen in banking, technology, metal, consumer durables, and select auto and oil stocks. However, pharma, FMCG and some capital goods stocks gained.
Markets could touch 10K by month-end
Experts feel that 9442 on the lower side and 9700 on the upper side are the key levels to watch out for next week.
Sebi uncovers demat racket
Sebi has uncovered two Gujarat based entities that together had almost 8000 demat and bank accounts.
CPI-M opposes FDI in retail sector
The CPI-M has asked PM Manmohan Singh to take the party into confidence before issuing public statements on economic issues.
India for pro-farmer deals at WTO
Developing countries like India and Brazil are demanding a level playing field with the developed countries in Hong Kong.
Sixth WTO meet opens in Hongkong
The message at the 6th WTO meet is clear ? put your money where your mouth is, or in this case, put your money back in the bank.
Sensex closes above 9250 level
The Sensex ended up over 130 points. Gains were seen in FMCG, banking, auto, technology, metal, oil, pharma and capital goods stocks.
ONGC drops buyback plan
According to sources, ONGC has not only dropped its plan for buyback of shares from IOC and GAIL, but is now actively considering off-loading part of its holdings.
Nirula's slow on the fast food track
For a chain that gave Delhi its first taste of fast food in 1977, Nirula's did not change as fast as the market did.
Virgin launches daily Mumbai-London flights
In a bid to tap the corporate and niche air travelers, Virgin Atlantic plans to launch daily flights between Mumbai and London from December 1.
Natpur Co-op Bank's license cancelled
RBI tells the bank to down shutters as its depositors had been unconvenienced by continued uncertainty for quite a while.
ONGC may lose Navratna status
According to the Petroleum Ministry, ONGC has not signed a performance MOU for which it may lose its Navratna status.
ONGC eyes stakes in Nigerian oil field
ONGC is bidding for stakes worth $1 billion as it aims to boost its overseas energy reserves in Nigeria.
India, US to boost trade ties
India and US have decided to double its two-way trade to $40 billion by 2008.
Sensex touches 8200 mark
The BSE Benchmark surged past 8100 level on sustained buying support from investors.
Wipro Q2 results rides on BPO boom
The software major added 39 clients and 4,575 employees.