Japanese consumer electronics brand Akai on Wednesday made its re-entry into the Indian market with the launch of a range of products including hi-definition TVs, washing machines, microwave ovens and home theatre systems, priced between Rs.2,490 and Rs.55,000. “We are re-introducing the latest products from Akai, a brand which is already well-known in India. We [...]
Counter to the view of its apostles, the market system of the late twentieth and early twenty-first century did not evolve in a state of nature; it evolved with its own peculiar prejudices and rites, writes Roger Lowenstein in ‘The End of Wall Street’ (www.landmarkonthenet.com). The institution of government was nearly absent, and in its [...]
The Bombay Stock Exchange benchmark Sensex on Thursday opened 60 points lower as investors sold stocks following weak Asian markets. The 30-share index moved down by 60.38 points, or 0.33 per cent, to 17,916.85 points. The wide-based National Stock Exchange index Nifty fell by 25.40 points, or 0.47 per cent, to 5,373.95 points. Brokers said [...]
London/Houston : BP Plc on Wednesday denied a report its heavily criticized chief executive would soon leave, after the company lined up $ 7 billion in asset sales to help pay for the worst oil spill in U.S. history. CEO Tony Hayward had the full support of the board and would stay in office, a [...]
New Delhi : India’s exports grew by a healthy 30.4 per cent in June to USD 17.75 billion, Commerce Secretary Rahul Khullar said here today. In June 2009, exports had shrunk by 27.7 per cent to USD 12.81 billion under the impact of global slowdown. Imports increased by 23 per cent to USD 28.3 billion [...]
New Delhi : Gold maintained its losing streak for the fourth straight day by falling Rs 85 to Rs 18,500 per ten gram in the national capital today on sustained selling by stockists influenced by a weak global trend. Trading sentiment remained bearish after gold extended the biggest fall in almost two weeks in global [...]
Mumbai : The Bombay Stock Exchange benchmark Sensex today closed 27 points lower following a choppy session amid weak global cues, but a major fall was averted by strong buying in RCom and banking stocks. Tracking weak Asian sentiment and a weekend decline on Wall Street, the barometer opened on a negative note and fell [...]
Infosys Technologies today reported a drop in its first quarter net profit but revenues saw an increase, indicating though there has been a revival in the outsourcing industry margins are continuing to be under pressure. Currency volatility and wage hikes have impacted the margins but the increase in revenues has been a positive factor, said [...]
Mumbai, July 12 (PTI) The BSE benchmark Sensex today regained the psychological 18,000 level after three months rising by over 176 points in late morning trade on aggressive buying on hopes of good first quarter results by corporates. The 30-share barometer rose by 176.53 points, or 0.98 per cent, to 18,010.07 points, a level last [...]
New Delhi, July 10 (PTI) Gold prices recovered by Rs 55 to Rs 18,655 per ten grams in the national capital today on fresh buying by stockists and jewellers after a firming trend in global markets. Silver also rose by Rs 150 to Rs 29,150 per kg on increased offtake by industrial units and coin-makers. [...]
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