VoteUpIndia

Today bears ruled the Dalal Street, with Sensex plunging over 300 points, below the crucial 19,000 mark for the first time since November 2010 on increasing inflation and on concerns that the Reserve Bank may hike interest rates. At the close, the benchmark 30-share index, BSE Sensex declined 322.38 points or 1.68% at 18,860.44... 

Steel Authority of India (SAIL) on Thursday reported a 34 per cent decline in its net profit at Rs. 1,107.47 crore for the October-December quarter as against Rs. 1,675.55 crore recorded in the year-ago period. However, revenue during the quarter rose by 17.5 per cent to Rs. 12,276.81 crore from Rs. 10,447.63 crore recorded... 

European shares were little changed by midday trade on Thursday after 28-month highs a day earlier as miner-led declines and some market consolidation offset a good response to Spain’s bond auction. The market was waiting for a news conference starting at 1330 GMT by ECB President Jean-Claude Trichet, who will talk about... 

It was a very tough day on Dalal Street today. The brakes were slammed on yesterday’s pullback as the market grappled with weaker than expected earnings from Infosys and selling pressure in the financials. The Sensex shut shop today at 19,182 – down 351 points. The big disappointment was Infosys today as it kicked off... 

Tata Coffee Ltd has informed BSE that Starbucks, the US giant Coffee Company is making an entry with its famed stores into India. It has held several meetings with Tata Coffee Limited, India’s largest Coffee Producing Company for a possible alliance. The Company has entered into a non binding Memorandum of Understanding... 

A divergent trend developed on the bullion market today as silver recovered on rising demand from industrial units and gold declined on reduced offtake at higher rate. While silver rose by Rs200 to to Rs45,000 per kg, gold shed Rs10 to Rs20,640 per 10 grams in mixed pattern of trade. Market analysts said the silver remained... 

NEW DELHI: Rajan Anandan , the former Managing Director of Microsoft, has joined search giant Google as the Vice President (Sales and Operations) and Head of India region. Google, which reported a global revenues of USD 23.65 billion in 2009, has close to 2,000 people in India. “India is an important growth country for... 

HYDERABAD: Generic drug maker Aurobindo Pharma Limited (APL) today said it will divest nearly 80 per cent of its stake in its loss making Chinese subsidiary to China National Pharmaceutical Group Corporation (Sinopharm). According to the city-based company, the initial offload will be 51 per cent and subsequently it will be... 

Automobile sales in India in December grew by 30.51 per cent, continuing a healthy trend witnessed during the year but rising interest rates and high commodity prices could slow down the growth, according to the Society of Indian Automobile Manufacturers (SIAM). In December, total sale of vehicles across categories registered... 

Amid liquidity squeeze and a higher than expected credit offtake, bankers today requested the Reserve Bank of India to slash the CRR and SLR in its upcoming Third Quarter Review of Monetary Policy 2010-11 on January 25, besides keeping the key policy rates unchanged. This call comes even as both RBI as well as the government...