source2update.com Market Update:

25.9.2009 Tips | Market Outlook

Taking cues from negative global market expecting Nifty to open gap down by around 60 points. Thereafter expecting Nifty to remain highly volatile and choppy. Expecting correction in Indices and stocks today and in forthcoming trading sessions. Technically our medium term outlook is negative as Indices and most of Stocks are trading in overbought r

25.9.2009 Morning Brief

Sensex recovers in late tradeReplicating negative cues from the global markets, the Sensex opened with a negative gap of 85.42 points at 16,634.08. However, the gauge cut some of its losses to recover from the intraday low of 16,494.92 owing to fresh buying in the FMCG and Pharma stocks. Thereafter, in the early afternoon deals, the recovery ga

Reliance launches 8 series no. in Karnataka

Bangalore, September 24: The Department of Telecommunications allotted Reliance Communications, Karnataka Circle the first ever mobile number series beginning with '8'.amp;ldquo;We are proud to be allotted the new number series beginning with 8088amp;rdquo;. It is a special feeling to have

Forbes puts 13 India firms on Asia's fabulous 50

Kuala Lumpur, Sep 24: In what comes as a major boost to the Indian business world, Forbes' 50 best listed companies in the Asia-Pacific region features as many as 13 Indian firms.Four Indian firms have been listed in the top 10

Inflation rises for 2nd week, stands at 0.37pc

New Delhi, Sep 24: Rising for the second consequtive week, India's Inflation rate stood at 0.37 per cent for the week ended Sep 12, up from the 0.12 per cent of the previous week.According to the government data released on Thursday,

Air India cuts employee incentives

Mumbai, Sep 24: Continuing its cost cutting measures, Air India has decided to axe productivity linked incentives (PLI) and the cut would be applicable to all officers, including top management.The cut will range from 25 per cent for those getting PLI

Infosys promises pay hike and promotions in Oct

Bangalore, Sep 24: Signalling the growth in the software industry in spite of the financial crisis, Infosys Technologies has lifted the freeze on pay hikes and promotions.The company gave its employees the great news a week ago informing them that the

Aptara teams with ScrollMotion to deliver end-to-end ebook publishing solution

New Delhi, Sept 24 (ANI/Business Wire India): Aptara, a pioneer in digital publishing solutions and ScrollMotion, creators of the Iceberg Reader and a leading developer of original iPhone applications, have teamed up to deliver an end-to-end eBook publishing solution that radically streamlines the process of transforming books into interactive content for the iPhone.

TCS wins 5-year project from AP government

Hyderabad, Sep 24: While the IT giants are trying to get their hands on government projects to stay afloat during recession, Tata Consultancy Services (TCS) has managed to do just that, by securing a five year project with Andhra Pradesh government.The

Nifty ends Sep series at positive note

Mumbai, Sep 24:At 4:00 PM, the Nifty ended near to 5,000 mark thus ending the session as well as Sep series on a positive note.Financial, telecom, technology (barring Infosys), PSU power, realty, oil marketing and FMCG companies' shares supported the

Timken appoints Ajay Das as new MD for its business in India

Bangalore, Sept 23 (ANI/Business Wire India): The Timken Company today announced the appointment of Ajay Das as its new managing director for its business in India, headquartered in Bangalore.

Adobe rolls out Photoshop and Premiere Elements 8

Bangalore, Sep 23: Adobe System Incorporated has announced the release of two of its much awaited products Photoshop Elements 8 and Premiere Elements 8, which would be made available as stand alone products or as a single retail package as the

RBI shouldn't tighten monetary policy: FM

Kolkata, Sep 23: Finance Minister Pranab Mukherjee on Wednesday, Sep 23, said that RBI should not tighten the monetary policy as the Centre has planned to borrow huge amounts from the market."I am not prescribing a tight money policy", he said,

International conference on Road sector on Sep 25

New Delhi, Sep 22: Amid the increased budget allocation for roads, an International conference to deliberate over the all pertinent issues concerning the road sector including policy restructuring, network planning, construction amp; maintenance, funding, latest equipments and machinery, and latest technology

Ford India unveils small car 'Figo'

New Delhi, Sep 23: Ford India unveiled its small car 'Ford Figo' in New Delhi on Wednesday, Sep 23.Ford Figo will be manufactured in Chennai and will also be exported to Asia Pacific and African regions.''Our new exciting new Ford Figo

Bharti Walmart, Coca Cola go on plantation drive

Amritsar, Sep 23: Carrying forward its commitment to sustainable development, Bharti Walmart has given ten pushcarts to unemployed and economically disadvantaged along with joining hands with Coca Cola for a plantation drive.In a bid to provide employment oppurtunity to the

NTPC likely to sign gas pact with RIL

New Delhi, Sep 23: NTPC is likely to finally sign an agreement with Reliance Industries this week to buy government allotted natural gas at officially approved price of $4.20 per mmBtu, a oil ministry official said."NTPC has informed that they have

WB approves $4.3bn loans to India

Washington, Sep 23: The World Bank on Tuesday, Sep 22, approved $4.3 billion in loans to India to strengthen its economy and support infrastructure sector.Of this $2 billion is Banking Sector Support Loan, which will provide budgetary support to India, media

Largecaps unwind places; Nifty ends below 5 k

Mumbai, Sep 23: At 4:11 pm, the the Nifty closed the session below the 5,000 mark with unwinding of positions in largecaps.However, selling in telecom, technology, FMCG, realty and infrastructure stocks continued. Anil Dhirubhai Ambani Group companies like Reliance Communications, Reliance

Firecrackers' sale goes up in Srinagar

Srinagar, Sep. 22 (ANI): The firecrackers' market in Srinagar is witnessing a surge in sales on the occasion of Eid- ul- Fitr festival.

Jagran Solutions sets up rural division for deeper rural penetration

New Delhi, Sept 22 (ANI/Business Wire India): Jagran Solutions has recently set up its rural division to address the marketer's needs to activate emerging Indian markets and consumers.

Sun Micro losing $100mn a month: Oracle

California, Sep 22: Oracle Corp Chief Executive Larry Ellison said Sun Microsystems Inc is losing about $100 million a month as European regulators delay approving his company's $7 billion purchase.Ellison also said, "It would not be necessary for Oracle to divest

New silk industry brings in job opportunities for locals in Assam

Chaygaon (Assam), Sep 24(ANI): A district Silk industry called 'Fabric Plus' at Chaygaon in Assam's South Kamrup has come as a boon to unemployed people in the area.

J-K youth register themselves at employment exchange

Srinagar, Sep 24(ANI): Unemployed youth of Jammu Kashmir assembled outside the employment exchanges on Thursday to register their names following reports that the State Government is likely to announce an employment policy on December 5.

7-feet high sand sculpture in Orissa highlights problem of global warming

Puri, Sep 24(ANI): World-renowned sand artist Sudarsan Pattnaik has sculpted a 7-feet high sand sculpture of goddess Durga and a burning globe on the Puri beach to draw attention to global warming.

IIT faculty on hunger protest for autonomy of the institution

New Delhi, Sep 24(ANI): Over 1,000 faculty members of the Indian Institutes of Technology (IITs) went on a hunger protest on Thursday to protest the anomalies in the recently announced pay structure and demanding greater autonomy for the institutions.

Elephant goes on rampage in Kerala, injures one

Kanjirapally (Kerala), Sep 24(ANI): An elephant went on a rampage in Kerala, injuring one of the mahouts and damaging three vehicles, on Wednesday.

Rescue work on to recover bodies trapped under collapsed chimney in Chattisgarh

Korba (Chattisgarh), Sep 24(ANI): Salvage and rescue operations were being conducted to recover bodies, save any surviving person and also to clear the rubble caused by the collapse of a chimney at the thermal power plant site of Bharat Aluminium Company (BALCO) in Chattisgarh's Korba district on Thursday.

Indian Army launches green drive in Sikkim

Gangtok, Sep 24 (ANI): The Indian Army has launched an afforestation drive in the high altitude area of East Sikkim on Wednesday.

India and Australia's interests increasingly converging, says new envoy

New Delhi, Sep. 24 (ANI): Australian High Commissioner to India Peter Varghese on Thursday said "Australia's and India's interests are increasingly converging and that Australia is committed to taking its relationship with India to the forefront of our bilateral partnerships."

Shahrukh Khan funds solar electricity projects for seven villages in Orissa

Okilapala (Orissa), Sep 24(ANI): Bollywood actor Shahrukh Khan is being hailed as a hero in the villages of Orissa after he helped light up thousands of houses across seven villages by funding a solar electricity project.

Exorcists offer prayers in a crematorium during Navratri festival in West Bengal

Tarapeeth (West Bengal), Sep 24(ANI): Devotees and 'tantriks' (exorcists) offered prayers at a crematorium at Tarapeeth in West Bengal during the ongoing nine-day Navratri festival dedicated to the Goddess Durga.

Pokhran II was a success: Kakodkar (updated)

Mumbai, Sep 24 (ANI): Rejecting claims made by former Defence research and development Organisation (DRDO) chief K. Santanam that the Pokhran II were partially successful, Atomic Energy Commission (AEC) Chairman Anil Kakodkar said tests were fully successful.

Congress strikes back at Maya on Rahul's visit

Lucknow, Sep 24: Striking back at the Uttar Pradesh government objection on Rahul Gandhi's surprise visit, UPCC president said it show Mayawati's 'insecurity over inroads being made by the Congress leader in her vote bank'."The Chief Minister considered Dalits and deprived

IIT strike: Sibal ready for talks, not pay hike

New Delhi, Sep 24: HRD minister, Kapil Sibal has said that he was open to holding talks with the protesting IIT professors, but made it clear that the government is not in a position to meet their salary demands. "We will

Sharad Pawar warns of severe shortage of rice

New Delhi, Sep 26: Union Agriculture Minister Sharad Pawar on Thursday, Sep 24 warned of a severe shortage of rice in the days ahead."The shortage of rice would be caused by a dip in yield and it could further impact the

Maha Polls: Kambli files nomination from Vikhroli

Mumbai, Sep 24: After the sudden surge in his popularity due to his participation in the reality show 'Sach ka Saamna', cricketer Vinod Kambli has decided to start new political innings with the Third Front.Vinod Kambli on Thursday, Sep 24 reportedly

Crime branch in Pune seizes about 73, 000 fake swine flu facemasks

Pune, Sept 24 (ANI): The crime branch has seized about 73,000 fake N95 facemasks from two different warehouses in Pune and arrested two people involved. he raid was conducted after specific information from N95 manufacturing Company, 3M, with its headquarters in America.

Snake boat race held at Rudrasagar Lake in Tripura

Melaghar (Tripura), Sept 24 (ANI): Thousands of men and women participated in a spectacular event of snake boat race held annually at Melaghar village of Tripura on Wednesday.

Adulterated dairy products seized in Punjab

Patiala (Punjab), Sep 24 (ANI): Officials in Punjab have seized huge quantities of spurious diary products from storehouses here on Wednesday.

Elephant calf rescued in Jalpaiguri

Jalpaiguri (WB), Sep 24 (ANI): Forest authorities in West Bengal on Wednesday rescued an elephant calf, which had strayed away from the herd in Baikunthapur forest range.

Buddhist monks offer prayer for universal peace in Sikkim

Samdruptse (Sikkim), Sep 24 (ANI): Hundreds of Buddhist monks and devotees have converged at the altar of Guru Padmasambhava at Samdruptse in Sikkim to offer mass collective prayers for universal peace during the ongoing 12-day long spiritual event.