Monday, 4 April 2011
2G spectrum probe
Cracks in the telecom joint venture Uninor became wider today when the Norwegian partner Telenor issued a statement distancing itself from the Central Bureau of Investigation (CBI) proceedings on Unitech Wireless.
Telenor has zero tolerance for corruption. If any malpractice has occurred, those responsible must be brought to book,"...
BHEL gains 40%, gas turbine business in Japan
Government-owned power equipment manufacturer Bharat Heavy Electricals Ltd (BHEL) on Monday announced a 40 per cent rise in net profit to Rs 6,021 crore in 2010-11. The company said it was looking at the Japanese market for gas turbine business in partnership with American major GE.
Announcing the results, BHEL's Chairman and Managing...
FIIs net buyers of Rs 1056 cr on 04-04-2011
FIIs were net buyers of Rs 1350.95 crore in futures and options segments on Monday.
According to the data released by the NSE, FIIs were net buyers of index futures to the tune of Rs 1392.87 crore and they bought index options worth Rs 475.18 crore.
They were net sellers of stock futures to the tune of Rs 510.69 crore and sold stock...
Oil down in Asian trade
World oil prices were lower in Asian trade today as investors locked in profits from a recent surge, but protests in the Arab world remained a concern, analysts said.
New York's main contract, light sweet crude for delivery in May, known as the West Texas Intermediate (WTI), was down 23 cents to $108.24 per barrel.Brent North Sea crude...
Vodafone Group PLC rose on Monday after the U.K. mobile giant said it will sell its 44% stake in SFR to France’s Vivendi for around $11.3 billion.
Vodafone Group PLC rose on Monday after the U.K. mobile giant said it will sell its 44% stake in SFR to France’s Vivendi for around $11.3 billion.
The deal is in line with Vodafone’s (VOD 29.08, +0.33, +1.15%) (UK:VOD 181.30, +2.20, +1.23%) strategy to shed minority assets in various regions and refocus its business on Europe, India and Africa.
“Our board remains committed to realizing maximum value from...
Friday, 1 April 2011
Dow Jones Industrial has best start to the year since 1999
Dow Jones Industrial Average for the year, its best start since Thursday, 1999, off 6.4 percent in the first three months is increasing. Index of 30 large companies in the segment of 742 points. Other first quarter, the biggest point gain since 1998, and measured against the second best on record.
Stocks end mixed as oil prices the day jumped to a 30-month high. Unemployment claims and factory orders report slightly disappointing...
Employment report before Wall Street ends without direction
NYSE on Thursday ended without a clear direction, the monthly employment data is pending, the mixed news of the day failed to tip the balance: The Dow Jones lost 0.25% but the Nasdaq gained 0.15%.
According to statistics from the last close, the Dow Jones Industrial Average 12319.73 points while the Nasdaq dropped 30.88 points, dominated by technology, has earned 4.28 points 2781.07 points. Standard & Poor 500 Index 0.18%...
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