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Kotak Mahindra Old Mutual Life Insurance (Kotak Life Insurance) today announced the launch of two new Unit Linked Insurance Plans viz. Kotak Secure Invest Insurance and Kotak Wealth Insurance.  Kotak Secure Invest Insurance >Equity exposure backed by Capital Guarantee> Inbuilt investment advice .. read full article »

Chances of US recession 25-30%: Alan GreenspanFormer Us Fed Chairman Alan Greenspan said the Indian economy is looking like one of the strongest economies from a structural viewpoint read full article »

Comex Gold yesterday`s price action remained neutral and ended the day with a marginal loss of 0.18%. ``For today crucial support remains at USD 1,244.30 and trade is expected to remain positive as long as prices keep trading above this level. An intraday breach above USD 1,250.30 would be .. read full article »

Irked over works not progressing on the multi-crore SmartCity IT Project in Kochi, CPI-M led LDF government in Kerala today decided to issue an ultimatum to the Dubai based promoters, Tecom Investments, reports agency source. A cabinet meeting chaired by Chief Minister V S Achuthanandan resolved .. read full article »

At today`s meeting the Governing Council of the European Central Bank (ECB) has decided that the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 1%, 1.75% and 0.25% respectively. ... read full article »

Telecom Commission, the decision making arm of Telecom Ministry, will soon decide whether to allow new operators to surrender 2G spectrum and avail of refund of the money they paid in January 2008, reports agency source. A senior official in the Telecom Ministry said the government is .. read full article »

 ``Markets opened on a positive note but were unable to sustain the gains which led the indices to close on a flat note. On the daily charts, we are observing a narrow range body formation which reflects cautious approach at higher levels. At present there is no weakness on the daily chart but .. read full article »

Brokerage and research house Angel Broking said auto sales continued to be in top gear in August 2010 backed by positive consumer sentiment and robust demand ahead of the festival season. Angel Broking remains `positive` on the Indian auto sector. It expects rising input costs to restrict .. read full article »

Bajaj FinServ today announced its foray into Infrastructure Finance with the appointment of  Anand K Gore as chief executive officer (CEO) for this business. Gore, who would report to Sanjiv Bajaj, Managing Director of Bajaj Finserv, comes with a rich and varied 24 years of experience .. read full article »

At the National Stock Exchange (NSE) Index futures saw a trading volume of Rs 121,353.9 million arising out of 463,206 contracts and Index options saw 1,858,163 contracts getting traded at a notional value of Rs 509,204.9 million. The total turnover of the Futures & Options segment of the .. read full article »

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 At close, the Instanex FII Index was up 0.20% at 385.42 (+0.19% at 3pm) and the Instanex DII 15 portfolio was up 0.07% (+0.06% at 3 pm). Nifty was up 0.26% (+0.22% at 3 pm) and Sensex was up 0.18% (+0.17% at 3 pm) %. The other Instanex Owner Indexes were mixed- the Instanex Retail 15 portfolio .. read full article »

Making a case for freeing the sugar sector from government controls, Food and Agriculture Minister Sharad Pawar today met the Prime Minister to apprise him about the proposed move to give freedom to mills for sale of the sweetener, reports agency source. At present, the government controls the .. read full article »

Paragon Finance announced that its board of directors at its meeting held on Sep. 2, 2010, has decided to divest the stake of `Olympia Credits & Mercantile`, the 100% subsidiary of the company and taking necessary steps in this regard.Paragon Finance is engaged primarily in the business of .. read full article »

Royal Bank of Scotland announced another wave of job cuts on Thursday as the part-nationalised bank continues with its drive to trim costs and improve its profitability. read full article »

Mahindra Satyam, the brand identity of Satyam Computer Services, a global consulting and IT services provider, today announced integrated migration solutions for healthcare payer organizations that would meet the new federal HIPAA rules. An upgraded X12 Version 5010 transaction standard has been .. read full article »

Equitymaster submits: Although in the positive, the Indian indices moved closer to the dotted line in the final hours and settled marginally higher today. Profit booking in index heavyweights led the indices to shed most of the early gains. While the BSE Sensex closed higher by around 32 .. read full article »

Nokia announced that it would discontinue its popular mobile file-sharing service called Ovi Files as of October 1 read full article »

Apparel exporters are apprehensive about achieving the target of USD 12 billion for 2010-11, as overseas shipments declined for three months in a row read full article »

India and China on Thursday held high- level comprehensive dialogue on a host of financial issues to identify areas of convergence to step up their cooperation in the international and bilateral economic spheres. The talks between the delegations headed by India`s Finance Secretary Ashok Chawla .. read full article »

The country`s largest two-wheeler maker Hero Honda today launched a new variant of its one of the best-sellers -- Super Splendor, priced at Rs 45,950 (ex-showroom, Delhi). ``The 125cc segment has been stagnant or even declining in the past one year, but we believe that we can grow the market. .. read full article »

How humour can be an effective workplace toolHumour is a tricky thing. While it has the potential to work wonders, it can also backfire terribly. read full article »

Four Greenpeace activists had climbed onto the Arctic oil rig on Tuesday and halted drilling for about 40 hours, in a bid to stop Cairn's operations in the area read full article »

It expects to raise around $300 mn for a second private equity fund and plans its first exit by floating a power distribution company read full article »

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Embedded chip market seen growing 25% a year. Atom shipments to grow 30-40% annually. Intel increasingly focused on non-PC business. read full article »

Indian markets continued to rally for the second day on Thursday. At the close, the benchmark 30-share index, BSE Sensex added 32.44 or 0.18% at 18,238.31 with 18 components posting rise. Meanwhile, the broad based NSE Nifty went up by 14.30 or 0.26% at 5,486.15 with 29 components posting rise. .. read full article »

Why BRIC markets are underperforming EM peersMSCI BRIC index is down 4% this year, similar to developed markets' 5% losses. Emerging stocks on the other hand are up 0.5%. read full article »

Indian markets continued to rally for the second day on Thursday. At the close, the benchmark 30-share index, BSE Sensex gained 32.44 points or 0.18% at 18,238.31 with 18 components registering rise. Meanwhile, the broad based NSE Nifty went up by 14.30 points or 0.26% at 5,486.15 with 29 .. read full article »

Asian stocks rose, lifting the MSCI Asia-Pacific Index to a two-week high, as faster-than-estimated growth in U.S. manufacturing supported confidence in global economic growth.Sony Corp rose more than 2% in Tokyo. Ping An Insurance (Group) jumped more than 5% in Hong Kong on plans to merge its .. read full article »

McNally Bharat Engineering Company, an engineering turnkey project execution company has posted marginal rise of 6.54% in its consolidated net profit to stand at Rs 566.6 million for the year ended March 2010 as against Rs 531.8 million posted in the year ended on March 2009.Company`s .. read full article »

The Sensex is still trading in the positive terrain but on a lackluster manner. Consumer durable, FMCG and banking stocks moved up, while IT and Teck dropped. At 14.59., the Sensex was trading up 53.24 points or 0.29% at 18,259.11 with 17 components gaining. Meanwhile, the Nifty was trading .. read full article »

Nakoda, one of India`s largest players in the fully drawn yarn segment, is set to commence its wind power project in MP. Nakoda proposes to acquire wind mills from Global Wind Power (GWPL), a company floated by Reliance ADAG Group. The wind turbines are developed by GWPL with state of art .. read full article »

ICICI Securities has recommended `Add` on Pantaloon Retail (India) with a price target of Rs 510 as against the market price (CMP) of Rs 466 in its report dated Sep. 02, 2010. The broking house gave the following investment rationale: Buoyant same-store sales growth: In Q4FY10, same-store sales .. read full article »

Commenting on the base metals outlook, broking house Kotak Commodity Services (KSCL), said the following:  Copper MCX Copper may trade with a positive bias tracking international exchanges. Supporting prices is better than expected Manufacturing data from two major metal consuming nation`s .. read full article »

Himachal based agri-export company Himalya International today announced that its board has decided to make application for listing company`s securities at National Stock Exchange (NSE). The board has also decided to change the registered office from New Delhi to state of Gujarat, subject to the .. read full article »

The BIS will soon unveil proposals for bank capital under Basel 3. From what has been revealed so far, these won't be tough enough on banks. The new capital requirements will be phased in over a longish period. Regulators are worried that tougher requirements will impact on the weak global .. read full article »

IRB Infrastructure Developers announced that its subsidiary, Aryan Hospitality (P) (AHPL), has executed hotel operating agreement and technical services and development assistance agreement with The Indian Hotels Company to operate and maintain a Gateway Hotel to be constructed by AHPL at .. read full article »

Asian stock markets rose on Thursday as investors hungry for good news seized on stronger US manufacturing as a sign the world economy isn't slowing as much as feared. read full article »

Road development in India has witnessed a significant growth in recent years after commencement of the National Highway Development Program (NHDP). Broking firm Sunidhi Securities & Finance says, after power sector, roads is the second-largest infrastructure segment in terms of investment .. read full article »

At the Multi Commodity Exchange (MCX), COMDEX is trading down by 1.72 points, or 0.06%, at 2,759.99 after opening at 2,761.51. (02.02 p.m.) Other index like MCXMETAL is trading upward by 11.64 points, or 0.33%, at 3,530.31 after opening at 3,518.15. Meanwhile MCXENERGY is trading down by 13.02 .. read full article »

The public offering by VA Tech, a water treatment solutions provider, would be a new category of issue, after successful fund raising SKS Microfinance. read full article »

Brokerage house Canara Bank Securities (CanMoney) said current levels can be utilized for profit booking in Apollo Tyres, Indian Overseas Bank (IOB) and Axis Bank.``At present, Sensex is trading at 18,249, up 43 points from its previous close, and Nifty is at 5,482, up 11 points. CNX Midcap .. read full article »

Sharekhan has recommended `Buy` on Patels Airtemp (India) with a price target of Rs 122 as against the market price (CMP) of Rs 97 in its report dated Sep. 1 2010. The broking house gave the following rationale: >Patels Airtemp`s Q1FY2011 results showed top line having increased by 8.2% y-o-y to .. read full article »

The rupee continued to trade marginally stronger on the back of the dollar's losses against major currencies and mild gains in the local sharemarket. read full article »

US visa fee hike increases cost for all IT companies: InfosysInfosys CEO and MD S Gopalakrishnan says that investment in IT will and outsourcing will continue in the medium to long term. read full article »

Sharekhan has recommended `Buy` on Sun Pharmaceutical Industries with a price target of Rs 2,025 as against the market price (CMP) of Rs 1,751 in its report dated Sep. 1 2010. The broking house gave the following rationale:> As per the latest annual report, Sun has recently begun to build sales .. read full article »

Shares of Ranbaxy Laboratories are trading at Rs 508, up Rs 10.25, or 2.06% at the Bombay Stock Exchange (BSE) on Thursday at 1:29 p.m. The company said it opened a new factory at Johannesburg in South Africa.The scrip has touched an intra-day high of Rs 511 and low of Rs 500. The total volume .. read full article »

Broking firm Networth Capital has picked up Visa Steel as its fundamental pick with target price of Rs 52 (potential upside: 47%) as against current market price of Rs 35.85, in its report dated Sep. 2, 2010. Visa Steel, a part of Rs 50 billion VISA Group, is an emerging integrated specialty .. read full article »

NIIT Technologies announced the appointment of Pratibha K Advani as the chief financial officer (CFO). She takes over from Amit Roy who was appointed as Chief  Financial Officer in the interim.   Advani joins NIIT Technologies from Barclays Shared Services (P) (a subsidiary of Barclays Bank .. read full article »