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Indian ADRs: Infosys, ICICI Bank up, MTNL down

Indian ADRs ended mostly in green on Tuesday. In IT space, Infosys was up 1.54% at $ 68.75, Wipro was up 0.68% at $ 13.27 and Patni Computers was up 0.9% at $ 20.21.

Wall St hits multi-year highs; Dow climbs above 12K mark

The US markets ended sharply higher hitting multi-year highs after erasing losses from earlier sell-offs despite unrest and turmoil in Egypt. The Dow continued its steady climb rising above the 12,000 mark for the first time since June 2008 while S&P rose above the 1300 mark.

S&P 500 closes above 1300 for 1st time since August 2008

The S&P 500 Index closed above 1,300-mark for the first time since August 2008 and Dow Jones Industrial Average above 12,000 level for the first time since June 2008, post strongest single session gain in eight weeks.

FIIs net sell Rs 1,037 cr in equities on Tues (prov)

FIIs were net buyers of Rs 730 crore in Index Futures and net buyers of Rs 1,022 crore in Index Options on February 01.

Bharti Airtel Q3 net profit seen down at Rs 1571 cr

India's lagest telecom operator Bharti Airtel is expected to report net profit of Rs 1,570.57 crore for the quarter ended December 2010, a fall of 5.44% as compared to Rs 1,661 crore in previous quarter.

Let's hope Mukherjee announces these reforms this budget

Raman was a silent participant in a discussion in the canteen, about savings taxes. One of them was lamenting that the pitiable Rs.1.5 Lakhs deduction for interest payment, was not even one third of what he was actually paying.

5 Budget reforms that would benefit you

Budget 2011 which is less than a months away will have a historical angle to it. It will mark the end of an era – the era of the almost five decade old Income Tax Act, 1961.

Budget countdown: What to expect?

Preparations for Budget 2011-12 must be in full swing and each and every movement of the finance ministry is being closely guarded.

NAVs end lower as markets slip

Equity diversified NAVs ended lower with advance:decline ratio of 5:250 as the unstoppable sell-off for 5th consecutive session dragged the Indian equity benchmarks to five-month lows on Tuesday despite positive global cues.

Sibal's telecom norms gets mixed reaction

Telecom minister Kapil Sibal's recent announcement of the broad contours of the new telecom policy has received mixed responses from mobile operators, reports CNBC-TV18’s Malvika Jain.

US briefs Wall Street about Al Qaeda threat

US security officials warned major Wall Street institutions of a potential threat after an al Qaeda-linked magazine suggested financial markets could be a target of attack, the FBI said on Tuesday.

Unemployment, poverty top global worries: Poll

Unemployment, poverty and social injustice are the top global concerns and most people think their country is heading in the wrong direction, according to a new poll.

Celebrity chef Blumenthal opens London restaurant

Three-star Michelin chef Heston Blumenthal opened a new restaurant in London this week focused on the revival and modernisation of British recipes.

S Lanka held suspect in media attack; US worries on freedom

Sri Lankan police arrested on Tuesday a suspect in the torching of the offices of a web site critical of the government, an attack which drew condemnation from the US government.

Payments to foreign satellite cos non-taxable: Delhi HC

The Delhi High Court has ruled in favour of broadcast companies in the case pertaining to Hong Kong based-satellite operator AsiaSat. It has said that payment to foreign satellite companies are not liable to tax, reports CNBC-TV18.

Shriram Q3 PAT up by 27.26% at Rs 301.36 cr

Shriram Net Interest Income for the third quarter ended 31st. December, 2010 surged by 45.34% to Rs. 836.65 crores as against Rs. 575.64 crores recorded in the same period previous year. The profit after tax rose by 27.26% to Rs. 301.36 crores as against Rs. 236.81 crores recorded in the same period previous year.

Seven lenders hike interest rates by up to 50 bps

Seven lenders, including Bank of Baroda (BoB) and HDFC, today raised interest rates by up to 50 basis points, in response to the Reserve Bank's tight monetary policy announced last week.

Suryajyoti Spinning Mills profit up by 184% at Rs 576 lakhs

Suryajyoti Q3FY11 profit up by 184% at Rs 576 lakhs

Govt considers raising FDI limit in defence sector

To attract foreign manufacturers to invest in India, a group of ministers is considering a proposal to raise Foreign Direct Investment limit in the defence sector to 49% from the current 26%.

Bridge sweeps passengers off train roof in UP, six dead

Six people were killed and a dozen injured after being struck by a bridge while riding on the roof of a moving train in Uttar Pradesh, police said on Tuesday.

Management tip of the day: Tips for reacting to a crisis

A few simple crisis-management steps can prevent a disruption to your company's service from becoming a disaster rather than merely an irritant, according to Harvard Business Review.

SC asks RCom to deposit 50% of hiked sprectrum fee

The Supreme Court has directed two Anil Ambani group firms Reliance Communications and Reliance Telecom to deposit 50% of the increased spectrum usage charge demanded by DoT and to submit a bank guarantee for the rest within two weeks.

Rolta Q2FY-11 net profit at Rs 1.54 billion

Rolta Q2 FY-11 Net Profit at Rs. 1.54 Billion, Consolidated Revenue for Q2 FY-11 at Rs. 4,411.5 Million

Lambert leads Academy of Country Music nominees

Miranda Lambert, one of country music's hottest entertainers, led the way on Tuesday with seven nominations for the 46th annual Academy of Country Music Awards, including her first Entertainer of the Year nod.