Business

December 5, 2011 1:41 PM

C-DOT to transfer GPON technology to telecom manufacturers

The Gigabit Passive Optical Network (GPON) technology, indigenously designed and developed by the Centre for Development of Telematics (C-DOT), was formally transferred to its manufacturers by the Telecom Minister Kapil Sibal at a function in New Delhi today. The GPON technology is required for broa...

December 5, 2011 12:14 PM

Oil prices up in Asian trade

Oil prices pushed higher in Asian trade today boosted by heightened geo-political tensions over Iran . New York 's main contract, light sweet crude for delivery in January, was up 33 cents to 101.29 US Dollars a barrel. Brent North Sea crude for January delivery, rose 48 cents to 110.42 US ...

December 5, 2011 12:13 PM

Sensex down by 79 points

The BSE Sensex which shed over 76 points in opening trade today, fell further by 79 points as funds and retail investors booked gains recorded in the previous three sessions despite a firming trend on other Asian bourses.The 30-share index was down nearly 155 points and was trading at 16,692 during ...

December 5, 2011 11:07 AM

C-DOT to transfer GPON technology to telecom manufacturers

The Gigabit Passive Optical Network (GPON) technology, indigenously designed and developed by the Centre for Development of Telematics (C-DOT), will be transferred to manufacturers today. IT and Communications minister Kapil Sibal will formally transfer it to the manufacturers in New Delhi . The GPO...

December 5, 2011 11:05 AM

Rupee depreciates by 12 paise against $

The Indian rupee fell by 12 paise to 51 rupees 32 paise per US dollar in early trade today, weighed down by gains posted by the American currency against other Asian peers overseas amid a weak trend in the domestic equity market.The domestic unit had closed 26 paise higher at a fresh two-week high o...

December 5, 2011 9:55 AM

Sensex down by 76 points

The BSE Sensex fell by over 76 points in opening trade today as funds and retail investors booked gains recorded in the previous three sessions despite a firming trend on other Asian bourses. The 30-share index which had gained nearly 840 points in the previous three sessions, fell by 76.32 points, ...

December 4, 2011 8:50 PM

No payment by cheques: RBI to cooperative banks

The Reserve Bank of India has directed primary urban cooperative banks not to make payments on cheques, and other financial instruments, that are over three months old, with effect from April next year. The directive comes a few weeks after the RBI issued similar directions to scheduled commercial b...

December 4, 2011 7:45 PM

C-DOT developed GPON tech to be transferred to manufacturers on Monday

The Gigabit Passive Optical Network (GPON) technology, indigenously designed and developed by the Centre for Development of Telematics (C-DOT), will be transferred to manufactures on Monday. IT and Communications minister Kapil Sibal will formally transfer it to the manufacturers in New Delhi. The G...

December 4, 2011 9:42 AM

RBI to take all measures if rupee fall escalates

The Reserve Bank says, it will take all measures to defend rupee if situation warrants. RBI Deputy Governor Subir Gokarn told a CII event that selective intervention of the bank in recent days should not be misconstrued as its inability to deal with the challenge. He said RBI has the instruments and...

December 3, 2011 6:55 PM

Centre plans to give names of State approves FDI in retail<br/>

Centre plans to place on the floor of Parliament the names of the States which had approved opening of FDI in retail. All the states were consulted before taking a final decision on the issue. The Cabinet recently decided to open multi brand retail to 51 percent foreign direct investment and raise i...

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