Wednesday 22 February 2012
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India’s economy is expected to pick up in the fiscal year starting on April 1 after growing at its slowest pace in three years in the current fiscal year, a government advisory panel said on Wednesday. The panel said it expected the economy to grow by between 7.5 and 8 per cent in the...
A firm headed by an Indian American has claimed to have achieved a breakthrough in Physics which will profoundly change the IT world and cut down ever-rising demand for power in computing. At the core of this breakthrough is to get the element Germanium to act as a laser, for use as a light...
The BSE benchmark index Sensex today fell from seven-month high levels losing 283 points on profit-booking mainly in realty, banking and oil and gas stocks. The 30-share barometer, which had gained 275 points in last two trading sessions to touch a seven-month high, fell by 283.36 points, or 1.54 per cent to 18,145.25 points....
The Reserve Bank of India (RBI) is not opposed to the State Bank of India extending support to the cash-strapped Kingfisher Airlines, its Deputy Governor K C Chakrabarty said today. “Absolutely not,” he told reporters when asked to comment on reports suggesting that SBI has agreed to pump more money into the airline. RBI...
Rarely has any company put so much on the line as Google has with its purchase of struggling cellphone maker Motorola Mobility. When the $12.5-billion deal was announced last August, analysts focused primarily on what Motorola’s more than 17,000 patents (rather than its hardware expertise) would do for Google, which was in the midst...
Indian companies have invested more than USD 26 billion in the US in the last five years and the IT companies employ more than one lakh people in that country, New Delhi’s top diplomat in Washington has said. “Indian companies are now contributing strongly to local State economies in the US with a presence...
Twitter on Thursday formally launched a service to allow small businesses to buy and place ads on the online messaging platform. Twitter, which for years has sought ways to expand its advertising revenue, hopes the new ad service will at least partially answer looming questions about its long-term business strategy. Since 2010, Twitter’s in-house...
Capital flight, soaring borrowing costs, tanking currency and stocks and a central bank forced to pump vast amounts of cash into local banks — that is what Japan may have to contend with if it fails to tackle its snowballing debt. Not long ago such doomsday scenarios would be dismissed in Tokyo as fantasies...
Keeping up his tirade against outsourcing, US President Barack Obama said today that firms shipping jobs off shores should be denied tax breaks if manufacturing is to be brought back to America and employment is to be raised. Speaking in his weekly radio address to the nation, Obama said all tax benefits should go...
Gold prices rebounded by Rs 115 to trade Rs 28,280 per ten grams at the bullion market in the Capital on Wednesday on buying by stockists amid firming global trend. Silver, too, gained Rs 50 to trade at Rs 56,200 per kg on increased off take by jewellers and industrial users. Buying activity picked...
Systems that can better process the vast amount of information now available is the top emerging technology this year, the World Economic Forum said on Wednesday. Innovations in how information is organized, mined and processed hold the key to filtering out the noise and using the growing wealth of global information to address emerging...
Tech giant Apple is likely to announce the launch of their latest tablet, the iPad 3, on March 7, according to a report. According to Apple blog iMore, which cites sources who have been reliable in the past,” the new tablet computer will have a faster processor, and an improved display. The blog said...
Aditya Birla Group chairman Kumar Mangalam Birla on Tuesday said that the cancellation of nine telecom licenses of its flagship telecom arm Idea Cellular came as a ‘bolt from the blue’ and the company will be taking recourse to rectify the situation. “This has come as a bolt from the blue,” Birla said at...
Kolkata-based FMCG player Emami Ltd has posted 10.45 per cent rise in consolidated net profit for the third quarter ended December, at Rs 94.49 crore. The company’s profit was Rs 85.55 crore for the October-December quarter in 2010-11, it said in a filing to the BSE. Emami’s Q3 net sales increased 13.23 per cent...
The BSE benchmark Sensex continued its rally for the the 6th consecutive week by gaining another 144 points on strong buying in select counters driven by persistent capital inflows from foreign funds despite disappointing industrial production data for December. The main market driver of the recent strong rally since start of the current calender...