Obama, Hu to confront economic strains
President Barack Obama and his Chinese counterpart Hu Jintao confront stubborn rifts over North Korea and bilateral economic imbalances on Wednesday when they meet amid the pomp of a formal state visit.
Industry wants cut in taxes: Oil Secretary
The oil ministry will seek changes in crude and products duties after industry asked for cuts, Oil Secretary S Sundareshan said on Wednesday, as international crude prices hover near two-year highs.
Sprint raises smartphone monthly fee by $10
Sprint Nextel Corp plans to raise service fees by USD 10 a month for smartphone customers, bringing its prices closer to those of bigger rivals Verizon Wireless and AT&T Inc.
China 2010 GDP up 10.3%, Dec CPI up 4.6%: Media
China's consumer price index (CPI) rose 4.6% in December, slowing from 5.1% in November, the Hong Kong-based Phoenix Television reported on its website on Wednesday, citing an unnamed source from the central bank.
One in 16 US surgeons consider suicide: Survey
A considerable number of US surgeons struggle with thoughts of suicide, with burnout and past medical errors as possible reasons, according to a survey covering thousands of surgeons.
Goldman's Facebook retreat reflects new normal
Goldman Sachs Group Inc's decision to scale back a heavily publicized sale of shares in social network site Facebook shows how the bank risks losing its edge as financial regulation intensifies.
European telecoms groups form smartphone panel
European telecoms groups have set up an expert panel to monitor possible unfair practices in the smartphone market, the Financial Times said on Wednesday.
Scientists closing in on Alzheimer's tests
US researchers are closing in on tests that can detect biological signs of Alzheimer's disease, an advance that would improve diagnosis and help in the search for treatments for the mind-robbing disease.
IEA says Saudi oil output jumps, OPEC critical
The International Energy Agency (IEA) said on Tuesday that OPEC leader Saudi Arabia had stealthily boosted output to cool an oil price rally, while OPEC accused the agency of providing inconsistent oil price views.
Quake shakes Pakistan, tremors felt in Delhi
A powerful earthquake of magnitude 7.2 shook southwestern Pakistan early on Wednesday, jolting residents of cities as far apart as Delhi and Dubai, but the epicentre was far from major population centres.
Biggest Wall St bears go long Manhattan apartments
Wall Street's biggest bears are buying a piece of the Big Apple.
Rolta to sell 50% stake in Shaw Rolta JV; stock up
Rolta India is going to sell 50% stake in Shaw Rolta JV for over Rs 150 crore, quoting Sources, reports CNBC-TV18. It touched an intraday high of Rs 148.70 and an intraday low of Rs 144. At 11:40 hrs the share was quoting at Rs 148.20, up Rs 4.35, or 3.02%.
Buy Hero Honda; target of Rs 1860-1890: Aditya Birla Money
Aditya Birla Money is bullish on Hero Honda and has recommended buy rating on the stock with a target of Rs 1860-1890 in its January 19, 2011 research report.
Buy IndusInd Bank; target of Rs 247: IIFL
IIFL is bullish on IndusInd Bank and has recommended buy rating on the stock with a target of Rs 247 in its January 19, 2011 research report.
Buy Cairn India; target of Rs 358: IIFL
IIFL is bullish on Cairn India and has recommended buy rating on the stock with a target of Rs 358 in its January 19, 2011 research report.
Raj Chinai joins IndoUS venture partners as Principal
Raj Chinai has quit left SVB India Capital Partners, an India-focused venture capital fund, to join IndoUS Venture Partners (IUVP) as a Principal.
Gayatri Projects to invest Rs 1,000Cr in NCC Power
IL&FS Private Equity-backed infrastructure firm Gayatri Projects is planning to invest up to Rs 1,000 crore in the power generation business run by Nagarjuna Construction and is looking to raise as much as Rs 400 crore through a rights issue to build its resources.
Dsp Blackrock Mutual Fund sells 61129 shares of Agre Dev
On January 18, 2011 Dsp Blackrock Mutual Fund-dsp Blackrock India T.i.g.e.r. Fun sold 61,129 shares of Agre Developers at Rs 48 on the NSE.
Ashiana Ret sells 2 lakh shares of Ashiana Housing
On January 18, 2011 Ashiana Ret Villages Limited sold 200,500 shares of Ashiana Housing at Rs 140 on the BSE. However, M3 Investment Private Limited bought 200,156 shares at Rs 140. Yesterday the share closed at Rs 142.05.
Karvy Financial sells 14 lakh shares of Andhra Cement
On January 18, 2011 Karvy Financial Services Limited sold 1,405,000 shares of Andhra Cement at Rs 8.83 on the BSE. Yesterday the share closed at Rs 9.24.
Religare Finvest sells 3.87 Lk shares of Alps Industries
On January 18, 2011 Religare Finvest Ltd sold 387,847 shares of Alps Industries at Rs 5.09 on the NSE. Yesterday the share closed at Rs 5.30.
Nelcast hits 52-week high
Nelcast touched a 52-week high of Rs 136.80. At 10:47 hrs the share was quoting at Rs 132.50, up Rs 1.85, or 1.42%.
Sensex volatile; ICICI Bank, NTPC, RIL, Sterlite lead
At 10:35 hours IST - equity benchmarks were quiet in trade and were hovering just around its previous closing values. On one side, metal, oil & gas, power and telecom companies' shares along with ICICI Bank & HCL Tech were supporting the markets.
Bajaj Auto Q3 PAT seen up 33% at Rs 634 cr
India's second largest two-wheeler maker Bajaj Auto is set to announce its results for the quarter ended December 2010. According to CNBC-TV18 estimates, its profit after tax is expected to go up by 33% at Rs 634 crore from Rs 475 crore in Q3FY10 and Rs 682 crore in Q2FY11.
Tata Steel FPO's anchor book gets strong response
Anchor book, a part of QIBs, of Tata Steel's follow-on public offer (FPO) has received overwhelming response from anchor investors on Tuesday, one day before issue opens for subscription.
