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Economy grows at 8 pc in Q2 — Manufacturing, services are main drivers; some key sectors falter
The electricity, gas and water supply segment was down to a 3.3-per cent growth in the July-September period.
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Reliance moves down on SEBI enquiry buzz
THE share price of Reliance Industries fell nearly two per cent to Rs 832.90 on Wednesday even as reports of SEBI (Securities and Exchange Board of India) seeking details of the de-merger of group business began doing rounds in the market. A ...
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SemIndia to invest $3 b in new unit with AMD tie-up
SEMINDIA, a consortium of non-resident Indians, today announced plans to invest $3 billion to set up a semiconductor manufacturing facility in the country in collaboration with chip maker Advanced Micro Devices Inc (AMD). Announcing the ...
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Sensex sheds 142 on profit booking
THE stock markets witnessed high volatility on Wednesday. The benchmark 30-share BSE index hit a new all-time high early in the session at 9,033.99 before falling sharply to end at 8,788.81 points, a drop of 245.18 points from the day's high. The ...
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JM Morgan is price stabilising agent for ICICI Bank issue
ICICI Bank, which is on its way to make a public issue, has mandated JM Morgan Stanley as the price-stabilising agent in the post-listing period. Under the arrangement, Life Insurance Corporation, named as the `greenshoe lender,' will lend ...
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Oracle offers starter Database XE
ORACLE India Pvt Ltd (Oracle India) on Wednesday announced the launch of Oracle Database 10g Express Edition (Oracle Database XE), a free, starter edition of the world's leading database software. A beta version of Oracle Database XE is available ...
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SAS to invest $20 m, double R&D strength
BUSINESS intelligence software and services company, SAS, on Tuesday said it plans to invest close to $20 million in its research and development (R&D) operations in Pune over the next 2-3 years and double the R&D headcount. "In the next 2-3
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Spice plans foray into long distance services
THE B K Modi-group company, Spice Telecom, today said it is planning to enter national long distance (NLD) and international long distance (ILD) telephony segments. Spice Telecom, at present, offers cellular services in Punjab. "We are ...
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HSBC sells Chennai property for Rs 42 cr thru e-auction
Real estate sources say this price will push up land prices in Chennai and is bound to set a benchmark.
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Coastal AP in line of fire as `Baaz' aims to spare Chennai
TROPICAL Cyclone Baaz paused to take a breath 450 km east-southeast of Chennai on Wednesday morning, but is getting set for the one mighty heave that will take it straight to south coastal Andhra Pradesh latest by Thursday evening. Chennai is ...
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