AP Assembly 2009 Elections News, Telugu People News

Tata Motors has said it will launch ‘Nano’, touted as the world’s cheapest family car, on 23rd March in Mumbai and bookings will start from April this year.The car was unveiled at the auto expo in Delhi in January 2008 and a function on 23rd March would mark the car’s commercial launch. » Continue reading…

Tags: Gujarat, Mumbai, Nano, Ratan Tata, Tata Motors, Tata Motors chief Ratan Tata, West Bengal

The benchmark Sensex fell by 89 points in early trade on Thursday as speculators indulged in squaring up their positions in view of monthly expiry in the derivatives segment. » Continue reading…

Tags: Bombay Stock Exchange, Bombay Stock Exchange (BSE), ICICI Bank, National Stock Exchange, Ranbaxy Laboratories, Reliance Industries, Sensex, State Bank of India

Giving relief to the industry reeling under the impact of slowdown, the Government on Tuesday reduced by two per cent rates of excise duty and service tax. » Continue reading…

Tags: Finance Minister Pranab Mukherjee, Government, Lok Sabha

The BSE benchmark Sensex gained over 134 points in the opening trade on Wednesday due to buying of funds on firm global markets amid covering up ofshort positions by speculators ahead of Thursday’s expiry in the derivatives segment. » Continue reading…

Tags: BSE benchmark Sensex, Government, National Stock Exchange Nifty, Sensex

The non-event interim budget and worsening global recession took toll on share values as the benchmark Sensex registered a fall of 8.22 per cent during the week under review. » Continue reading…

Tags: Bombay Stock Exchange, Finance Minister Pranab Mukherjee, National Stock Exchange, Sensex

The B.K. Modi-controlled Spice Corp. Ltd said on Friday it would invest in Satyam Computer Services Ltd only if a controlling stake of the scam-hit software firm is put up on the block. » Continue reading…

Tags: B Ramalinga Raju, B.K. Modi, Bombay Stock Exchange, CLB (Company Law Board), Satyam, Satyam Computer Services

The board of Satyam Computer Services began its meeting in Hyderabad on Saturday to discuss the process of finding a strategic partner after getting the Company Law Board’s nod recently. » Continue reading…

Tags: Hyderabad, Satyam Chairman Kiran Karnik, Satyam Computer, Satyam Computer Services, Satyam scam case

Oil prices fell in Asian trade on Friday in a market plagued by weak demand despite a sharp price rebound the day before, analysts said. » Continue reading…

Tags: New York, Oil price, Organisation of Petroleum Exporting Countries (OPEC), USD dollars

The Bombay Stock Exchange benchmark Sensex fell by over 195 points in the opening trade on Friday, on heavy selling by funds, taking cues from melting global markets. » Continue reading…

Tags: Grasim Industries, HDFC Bank, ICICI Bank, National Stock Exchange Nifty, Reliance Industries, Sensex, Sterlite Industries, The Bombay Stock Exchange

Gold futures continued hitting a new high for the third day on Thursday at Rs 15,712 per 10 gram in early trading on the Multi Commodity Exchange, on continued buying on speculations that the global recession will deepen further. » Continue reading…

Tags: Chennai, Global Market, Gold, Karvy Comtrade Galipelli Harish, New Delhi, US dollar

With the Company Law Board clearing the decks for Satyam stake sale, one of the suitors, B K Modi-promoted Spice Group on Thursday said its board will meet on Friday to decide on its bid for the crisis-ridden IT major. » Continue reading…

Tags: Hinduja Group (India) Chairman Ashok Hinduja, Satyam Computer, Satyam Computer Services, Satyam scam case

Dismissing the bail petitions of Raju brothers and V Srinivas, a local court in Hyderabad granted permission to the I-T department to examine and record the statement of B Ramaling Raju in the Rs 7,800-crore Satyam fraud case. » Continue reading…

Tags: Chanchalguda jail, Ramaling Raju, Satyam Computer, Satyam Computer Services, Satyam scam case

The benchmark Sensex rose by over 96 points in the opening trade on Thursday after sliding for three straight sessions, on covering up short positions by speculators and selective buying by funds. » Continue reading…

Tags: Bombay Stock Exchange, HDFC Bank, ICICI Bank, National Stock Exchange Nifty, Reliance Industries, Sensex, Tata Steel

After remaining weak for three straight days, the Indian rupee appreciated marginally against the US currency in early trade on Thursday as banks and exporters sold dollars at higher levels. » Continue reading…

Tags: Dollar, Foreign Exchange (Forex) market, Rupee, the Indian rupee, US currency

Oil prices were mixed in Asian trade on Thursday ahead of a report expected to show a build-up in US crude inventories during the recession, dealers said. » Continue reading…

Tags: Asian trade, Hong Kong, New York, Oil, United States

The Sixth Additional Chief Metropolitan Magistrate today allowed SEBI to quiz Satyam Computer’s former CFO Vadlamani Srinivas and ex-Price Waterhouse partners S Gopalakrishan and Talluri Srinivas. » Continue reading…

Tags: B Ramalinga Raju, CFO Vadlamani Srinivas, Chanchalguda jail, Satyam, Satyam Computer, SEBI

Amid continuing decline in stock markets, all-weather investment option gold zoomed past all previous records on Tuesday to set a record price of Rs 15,420 per 10 gram in the national capital. » Continue reading…

Tags: All India Sarafa (bullion) president Sheel Chand Jain, Gold, International, jeweller, Sensex, stock Market

A day after handing over Satyam probe to CBI, the govt moved Company Law Board (CLB) to supercede the boards of Maytas Infra and Maytas Properties, the two firms promoted by the kin of disgraced promoter of Satyam Computer B Ramalinga Raju. » Continue reading…

Tags: B Ramalinga Raju, Bombay Stock Exchange, Company Law Board (CLB), Corporate Affairs Minister Prem Chand Gupta, Maytas, Satyam Computer Services

US President Barack Obama has signed into law the USD 787 billion economic stimulus package, which according to him would rejuvenate the American economy and create as many as three to four million jobs in the next two years. » Continue reading…

Tags: America, Education, independent, scientific research, US President Barack Obama

After resuming lower below the 9K-mark on the back of distinctly weak global cues, the benchmark recovered sharply to quote in positive terrain at 9,089.72 in early deals, supported by good buying from domestic funds. » Continue reading…

Tags: Bombay Stock Exchange, National Stock Exchange, Nifty, ONGC, Reliance Industries (RIL), Sensex

General Motors Corp, presenting a dire outlook for the future, said it may need USD 30 billion in total govt financing to weather the economic downturn and would cut 47,000 jobs worldwide and shutter five more US factories in a massive restructuring plan. » Continue reading…

Tags: curreny, General Motors Corp, job, Obama, President Barack Obama

The benchmark Sensex lost another 112 points in early trade on Wednesday, extending weakness for the third session in a row, on heavy selling by funds, taking cues from melting global markets on worsening economic situation. » Continue reading…

Tags: Bombay Stock Exchange, Global Market, National Stock Exchange Nifty, Reliance, Sensex

Stocks market continued their downward journey for the second day on Tuesday, the benchmark indices are trading sharply lower, as sell-off continues in rate sensitive, infrastructure, metal, telecom and oil & gas stocks. » Continue reading…

Tags: Bombay Stock Exchange (BSE), Hong Kong Stock Exchange, National Stock Exchange (NSE), Ranbaxy Laboratories, Sensex, Stocks market

In his first conversation with the Turkish leadership, US President Barack Obama has spoken to President Abdullah Gul and Premier Recep Tayyip Erdogan and discussed a wide range of issues, including Afghanistan and Pakistan. » Continue reading…

Tags: Afghanistan, President Abdullah Gul, US President Barack Obama

Two nuclear-armed submarines, one British and one French collided while on separate exercises in the Atlantic Ocean but there were no injuries or radioactive leaks. » Continue reading…

Tags: Britain Royal Navy, British, French, the Atlantic Ocean