China to lead Asian economic slowdown: Amundi
China will lead an economic slowdown in Asia this year -- but that's good news for investors, as it should avoid bigger inflation problems in the region, fund managing company Amundi said on Thursday.
Kia Motors to build auto plant in India: Report
South Korea's Kia Motors Corp plans to build an auto plant in India with an annual production capacity of 300,000 cars, a media report said on Friday.
Apple reached out unsuccessfully for new CFO
Apple Inc reached out to Blackstone Group's finance boss Laurence Tosi to tap him for the position of CFO at the iPhone maker, a source familiar with the situation said on Thursday.
Greece gets tough on tax cheats, shuts night clubs over VAT
Greece, struggling to cut deficits and dig out of its debt crisis, is getting tougher on tax evaders, enforcing a new law that allows immediate closure of businesses that violate tax regulations.
Women's tears send 'no sex' message to men: Study
Women's tears are a turnoff for men, Israeli researchers say. The findings, in a study by the Weizmann Institute of Science and Wolfson Hospital near Tel Aviv on the role tears play in non-verbal communication, suggest that a chemical in women's tears lowers men's testosterone levels.
Facebook ignites Bubble 2.0 chatter
Remember Webvan? The online grocer, whose initial public offering in March 2000 was among the most hotly anticipated during the dot-com boom, is now viewed as one of the greatest disasters of the era.
Common sense key to entrepreneurial success: Study
Practical intelligence, or common sense, is key to success in business, according to a new study that highlights the importance of hands-on experience and learning by doing.
Karthikeyan lined up for F1 comeback
Narain Karthikeyan announced his Formula One comeback on Thursday after signing a deal with the struggling HRT team.
Beckham signing would be high risk, says Keegan
Signing LA Galaxy's David Beckham on a short-term loan would be a big gamble, according to his former England manager Kevin Keegan.
Tata Steel withdraws Dec qtr performance statement
Tata Steel late on Thursday said it was withdrawing an earlier announcement on its December quarter performance in India, due to an error in the statement.
State your mission in 8 words: Management tip of the day
A concise mission statement can help you attract investors, rally your employees, and win customers, according to Harvard Business Review.
FIFA hands out USD 40 million from World Cup to clubs
FIFA is handing out USD 40 million to clubs whose players took part in last year's World Cup, though that may not placate European clubs who have labelled the fixed-payment system unrealistic.
Robert De Niro to head 2011 Cannes Film Festival
Hollywood heavyweight Robert De Niro will head up the jury at this year's Cannes film festival, organisers said on Thursday.
Support for Nifty at 6031-5965: Gaba
The support for the Nifty is at 6031-6005-5965 and resistance at 6100.
Nifty likely to witness range of 6110-5975: Bhambwani
The coming session is likely to witness a range of 6110 on advances. Support is likely at the 5975. The bullish pivot for the session is likely at the 6085 levels and the bearish pivot at the 6055 levels.
10-year yield seen between 8.15- 8.25%: Narayan
The bond market is worried about possible monetary policy action as a result of high inflation. Liquidity continues to ease. I expect higher underwriting cut-offs in today's auction and this could raise some concerns amongst market participants. The 10-year yield is seen between 8.15- 8.25%, says Anantha Narayan, Standard Chartered Bank.
Rupee seen between 45.20-45.60/$ range: Brahmbhatt
The rupee is likely to be muted on the dollar's strength overnight, weak equity market cues and soft precious metal prices. The range for the day is seen between 45.20-45.60/$, says Pramit Brahmbhatt, Alpari India.
Market cues: FIIs net sell $20.4 mn
Market cues: FIIs net sell USD 20.4 million in cash market on Jan 05.
F&O cues: Total Nifty Futures up Rs 166 crore
F&O cues: Total Nifty Futures was up Rs 166 crore and Total Options was up Rs 5213 crore.
High inflation in Asia would imply more tightening: CLSA
Higher rate of inflation in Asia would imply more monetary tightening than currently discounted by markets, says Chris Wood of CLSA.
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.
