Asian markets trading lower; Hang Seng, Nikkei down
At 7: 53 am (IST), Asian markets were trading lower. China's Shanghai Composite was flat at 2,821.97. Hong Kong's Hang Seng was down 0.29% or 68.82 points at 23,717.68. Japan's Nikkei was down 0.15% or 15.39 points at 10,514.37. Singapore's Straits Times shed 0.51%or 16.65 points at 3,263.05.
FIIs, DIIs net sell Rs 723 cr in equities on Jan 6 (prov)
BSE Capital Goods Index was down 2% and Auto Index down 1.5%. Cement stocks traded lower on negative Fitch report. Ambuja Cements ended down 5.4% and ACC was down 4.17%.
Crude slips more than 2%; trading at $ 88.90/bbl
Oil prices meanwhile tumbled more than 2% on to below USD 89 a barrel as a stronger dollar and weaker US equities deterred buyers. Currently it is trading at 88.90 per barrel.
Indian ADRs: HDFC Bank, Sterlite slip 4%
Indian ADRs ended mostly in red on Thursday. In the telecom space, Tata Communication was down 1.98% at $ 11.41 while MTNL was unchanged at $ 2.5. In the banking space, HDFC Bank was down 4.07% at $ 156.55 and ICICI Bank was down 2.99% at $ 46.08.
Wall Street ends mixed; Crude slips more than 2%
US markets ended mixed as the Dow's rally skidded to a halt as retailers reported weaker-than-expected December sales & uninspiring weekly jobless claims.
US mkts continue to consolidate amid uninspiring eco data
The Dow Jones Industrial Average ended down 26 points at 11,697. The Nasdaq Composite rose 8 points at 2710 while the S&P 500 Index fell 3 points at 1274.
SAIL scouts for tech provider for CRGO steel
SAIL has begun to scout for a technology provider for the production of ‘cold-rolled grain-oriented' steel in India — a kind of steel that is used in electrical transmission and is five times as costly as cold rolled steels.
Indian telecom network grows by 40% in 2010
Indian Telecom Network Grows by 40 Percent in 2010
Facebook is most visited website of the year
Facebook has topped the charts this year for being the most visited website, leaving a trail of social networking dust and Google in second place.
Hind Copper FPO unlikely this fiscal: Sources
The follow-on public offer of Hindustan Copper is unlikely to happen this fiscal year, reports CNBC-TV18 quoting sources from the finance ministry. This information comes at a time when the Empowered Group of Ministers (EGoM) met the finance minister to discuss the issue.
UltraTech's cement production for April-December
The Aditya Birla Group Company UltraTech’s Cement production for the period April-December 2010 has moved up by 3.75% at 279.88 lac mt as against 269.77 lac mt during April-December 2009.
Apple launches app store for Macs, a la iPhone
Apple Inc is launching an applications store for Mac computers, replicating a model that proved wildly popular on its iPhones.
Citi's troubles intensify: 3rd HNI sends notice for refund
Citi's troubles are mounting as another high net-worth individual (HNI) sends the bank a legal notice asking for a refund.
I-T dept unveils 5-year vision statement; reforms galore
Unveiling its five-year vision statement, the income-tax department said it would constitute an expert group by March 2011, which would suggest ways to plug tax leakages. This group would include experts and economists, the department stated.
IDBI Bank revises retail term deposits rates by 25-75 bps
IDBI Bank revises retail term deposits rates by 25-75 basis points
Getting married? Take the quiz first
A British family law firm is urging couples to take a "compatibility quiz" before getting married or deciding to live together.
UK services PMI hits 20-month low in December
Large swathes of Britain's service sector suffered their first fall in output since April 2009 last month, a survey showed on Thursday, pointing to a sharp slowdown in economic growth at the end of 2010.
Maruti Suzuki sales in December 2010
Car market leader Maruti Suzuki India Limited sold a total of 99,225 vehicles in December 2010. This includes 9,756 units of exports.
Lupin signs agreement with Farmanguinhos, Brazil
Lupin Ltd. announced today that it has entered into an agreement with Farmanguinhos, Brazil’s largest PSU in Health Care and the Department of Health, Government of Brazil, for the supply of its 4 in 1 combination drug (Rifampicin + Isoniazide + Ethambutol + Pyrazinamide) for tuberculosis.
Skoda says 2010 vehicle sales hit record high
Skoda Auto, German carmaker Volkswagen's Czech unit, sold 762,600 vehicles in 2010, an 11.5% rise and a record year.
UK novelist writes
British novelist Monica Ali has written a book based on the life of Princess Diana, and it is due to hit the shelves in March, a month before Diana's son Prince William is due to marry Kate Middleton.
Departing UN says Nepal peace process risks failure
Nepal's peace process risks failure with continued wrangling between former Maoist rebels and other political parties, the United Nations warned on Thursday as it prepares to withdraw from the country after four years.
Greek PM sees rising support for euro bonds
Support is rising for the creation of common euro zone bonds to enable troubled member states such as Greece borrow more cheaply, Greek Prime Minister George Papandreou said on Thursday.
India oil firms' woes mount as inflation worries weigh
Profitability at two of India's top state-run oil firms is being hurt at a time of high global crude costs, as the government delays increasing state-set fuel prices due to political pressure from high inflation.
