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Group not pushing me out, my desire to quit: Ratan TataRatan Tata said that he opted out of the selection committee to avoid giving the impression that he is influencing the succession plan. read full article »

Infosys loses work from Deutsche BankInfosys has offered the 150 employees the option to leave the company to be with Deutsche Network Services for much higher salaries. read full article »

Investment firm 3G Capital bought Burger King today for $3.26 billion. 3G Capital is backed by Brazilian tycoon Jorge Paulo Lemann, known in Brazil for founding the prestigious investment firm Banco Garantia and owning Brazilian brewing giant AmBev, which eventually merged with Belgium’s .. read full article »

In one of the biggest changes since networking major Cisco set up a second global headquarters in India, the multinational is reorganising its operations along industry lines. read full article »

Google Inc is in talks with music labels on plans for a download store and a digital song locker that would allow its mobile users to play songs wherever they are as it steps up its rivalry with Apple Inc. read full article »

Network equipment maker Cisco Systems Inc said on Thursday it was buying start-up Arch Rock for an undisclosed sum as it aggressively moves to expand in the growing smart grid market. read full article »

The $124.8 billion fund, which lost 4.4 per cent of its value in the quarter ended June 30, increased contributions to the fund for public employers, such as cities. read full article »

S&P and Nasdaq buoyed by housing, jobs dataThe S&P 500 and Nasdaq advanced on Thursday, building on their best day in eight weeks in the previous session as data showed an improvement. read full article »

Emerging-market stocks are trading at the highest valuations relative to advanced-country shares in more than two years. read full article »

During the stock market run-up in January 2008, the valuations of Allahabad Bank had lagged those of its larger peers. read full article »

SKIL Infrastructure is raising Rs2,500 crore by selling less than 20% stake in two phases that includes a private placement to overseas funds besides a public issue. read full article »

The counter of Patni Computer Systems has failed to enthuse investors over the past one year. Its stock has underperformed the broader market indices in this period. read full article »

Stocks from the so-called BRIC Group are starting to move in lock-step with developed market indices. read full article »

The stock of auto ancillary firm Subros has outperformed the broader market indices in the past one year following its robust financial performance. read full article »

Spending Right: Differentiate between wants and needsThink of it: we spend money on something because we think we need it or it will make us happy. read full article »

President Barack Obama has declared fixing the U.S. economy his "central mission" but he has few tools to bring down nearly double-digit unemployment or jump-start the faltering recovery this year. read full article »

Consumption of urea has increased in the first few months of the newly introduced Nutrient-based Subsidy (NBS) policy, quite contrary to expectation that the new policy would lead to a balanced use of fertilisers. read full article »

Citigroup is keen to be a part of India's growth story and will continue to focus on microfinance and support initiatives in the areas of financial inclusion and education. read full article »

Sonia Gandhi will be re-elected unopposed as the Congress President for the fourth consecutive term and the announcement is expected to be made on Friday. read full article »

Mutual Funds (MFs) turned net buyers in equities worth Rs 1,610 million on Sep 01. They bought equities worth Rs 6,754 million and sold equities worth Rs 5,144 million. Till Sep 01 they have been net buyers in equities worth Rs 1,610 million.MFs remained net buyers in debt segment worth Rs .. read full article »

Foreign Institutional Investors (FIIs) remained net buyers in equities worth Rs 5,268 million on Sep. 01. They bought equities worth Rs 27,300 million and sold equities worth Rs 22,032 million. Till Sep 01, they have been net buyers in equities worth Rs 5,268 million.FIIs turned net buyers in .. read full article »

Which credit card is best suited for you?Credit card offers convenience & safety. Here is an overview of various credit card types offered. read full article »

Finally, a recall the middle class doesn’t have to worry about. Ferrari has recalled 1,248 Ferrari 458 Italias after fires destroyed five existing models. The BBC has more: …a Ferrari spokesman said the company had investigated the five reported incidents of spontaneous fires in the 458, .. read full article »

A Mariner Energy oil rig, the Vermilion Rig 380, caught fire off the coast of Louisiana today. Of the 13 workers on the rig, 12 are alive and awaiting rescue, and one is missing. At time of writing, the oil rig wasn’t producing any oil, but there’s no word on whether it sits on top of a live .. read full article »

Foreign Institutional Investors (FIIs) were net buyers in the equity segment worth Rs 823.1 million on both the BSE and the NSE on September 2, as per provisional data available at NSE. They bought equities worth Rs 20,367.7 million and sold equities worth Rs 19,544.6 billion.While, Domestic .. read full article »

The Reserve Bank has allowed banks to restructure the debt of the cash-strapped aviation sector to help the beleaguered industry come out of financial turmoil, sources said today. The RBI has sent a communication to the banks with regard to debt restructuring for airlines, banking sources .. read full article »

Pushed to a corner for its alleged favour to controversial Vedanta projects, ruling BJD in Orissa is set to hold a rally on Friday near the UK-based group's refinery in Kalahandi district. read full article »

Wisdomsmith submits: Yesterday, we had written about the controversy over GDP numbers. What has happened since is even more bizarre. Now the government has issue new numbers. All within some 24 hours. The government has revised consumption numbers quite dramatically, claiming the earlier low .. read full article »

Acting on the directive of the Supreme Court, government today decided to release an extra 2.5 million tonnes of foodgrains to states for distribution among the poor but it will not be free. read full article »

London house builders target cash-rich IndiansHousing industry sources say foreign buyers bought more than half of the London homes that sold for more than 2 million pounds each last year. read full article »

The chief of the UN's telecommunications agency is urging BlackBerry's manufacturer to allow foreign law enforcement agencies access to its customers' data. read full article »

Image: iamkennard/Twitpic Gunman James J. Lee was shot by police yesterday after taking hostages at the Discovery Channel headquarters near Washington, DC. After a four-hour standoff and negotiations, police killed Lee, who had a bomb and looked prepared to shoot hostages. What, exactly, was .. read full article »

Hewlett-Packard Co raised its bid for data storage company 3PAR Inc to $2.4 billion, beating Dell Inc's latest offer in a bidding war that many analysts have said has gone too far. read full article »

The number of buyers who signed contracts to purchase previously occupied US homes increased in July but remained well below last year's levels, a sign that demand for housing remains weak. read full article »

Burger King Holdings Inc , the No. 2 US fast-food chain, agreed to be bought by investment firm 3G Capital for $24 per share, or about $3.26 billion. read full article »

``Indian market traded on a flattish to positive note, with good buying over banking and sugar stocks. Sensex closed at 18,226, up 20 points and Nifty at 5,481, up 9 points from the previous close,`` said Fairwealth Securities.``In the next session Nifty is expected to trade in the range .. read full article »

Hewlett-Packard Co raised its offer for data storage company 3PAR Inc by $3 to $33 per share, after rival bidder Dell Inc raised its offer to $32, instead of bowing out as many expected. read full article »

State-owned Steel Authority of India (SAIL) has raised Rs 3 billion by selling a short- term commercial paper to State Bank of India to meet temporary cash needs, reports agency source. ``We sold 74-day paper to State Band of India, Mumbai to meet temporary mismatch in cash flow,``  said a SAIL .. read full article »

Brokerage house Fairwealth Securities has given some expected `bullish` and `bearish` for September 3. The same are mentioned below:Expected bullish stocks:Aban, Voltas,  Balrampur Chini, Bajaj Hind, Suzlon,  IDBI, SAIL,  Dr Reddy,  Central Bank, IOC, Bharat Forge,  Reliance, Tech .. read full article »

Brokerage firm Fairwealth Securities has recommended trading strategy for Nifty futures and Bank Nifty futures for intraday trade on September 3, the same is mentioned below:Nifty Futures Sell Nifty futures below 5,469 for target of 5,439-5,420 and stop loss 5,500.Bank Nifty FuturesSell Bank .. read full article »

Following F&O calls are recommended for intra-day trade on Sep. 3, 2010:Fairwealth Securities:Exide IndustriesBuy Exide futures above Rs 158 for target of Rs 161.50-164.50 and stop loss of Rs 154.75.Hero HondaSell Hero Honda futures below Rs 1,660 for target of Rs 1,640-1,600 and stop loss of Rs .. read full article »

The Skindia GDR Index was up 1.22% to 2772.31 at 3:30 pm IST today (compared to last close) while the Nifty was up 0.26%. Of the eight GDRs of Skindia GDR Index, six were up and two were down. The main gainers were State Bank of India (+9.12%; weight 11.60%), Grasim Industries (+2.38%; weight .. read full article »

Following technical stocks have been recommended for intra-day trading on Sep. 03, 2010:Fairwealth Securities:Uco BankBuy above Rs 120 for target of Rs 123-127 and stop loss of Rs 117.Bhushan SteelBuy above Rs 1,888 for target of Rs 1,920-1,940 and stop loss of Rs 1,860.ICICI BankBuy above Rs .. read full article »

MCX Comdex- the composite index of metals, energy and agro-commodities was down by 0.20% to 2,756.26 points, MCX Energy index was down by 0.88% to 2,542.84 points and MCX Metal index was up by 0.48% to 3,535.50 points. Bullion:  Gold October 10 contract was up by 0.15% to Rs 19,028 per 10 .. read full article »

The Indian auto sector continues to perform well backed by positive consumer sentiment and robust demand ahead of the festival season. Automobile majors Maruti Suzuki, Tata Motors, Hero Honda, M&M and TVS Motors reported solid monthly sales numbers for August 2010 as companies tried to fill up .. read full article »

The Direct Tax Code has no DDT for debt or non-equity funds. Currently, for liquid funds, dividends are taxed at 25% plus the surcharge and cess, which adds up to nearly 28.5%. (Which I argue is still better than a fixed deposit) So what’s the catch? Dividends will be taxed for non-equity .. read full article »

Following bulk deals were transacted at the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) on September 02: BMK Laboratories bought 12,000,000 shares at Rs 510 a share of Piramal Healthcare. PHL Holdings sold 12,000,000 shares at Rs 510 a share of Piramal .. read full article »

39 Indian cos in Forbes 'Best Under A Billion' Asia listJindal Drilling & Industries, Emami, Exide Industries are among those that made it to the list. read full article »

This article contains info about IDBI Nifty Junior Index Fund NFO, Review Analysis Details & Opinion. It's raining NFO's in the mutual fund market. NFO or New Fund Offer from another fund house has come through. The IDBI MF Mutual Fund House has launched its NFO or New Fund Offer called the IDBI .. read full article »

This article contains info about IDBI Nifty Junior Index Fund NFO, Review Analysis Details & Opinion. This is part II of the article IDBI Nifty Junior Index Fund: Review Analysis & Details - I. Please read part I before proceeding with this one. However, investors please note that this is an .. read full article »