Business

November 16, 2011 10:37 AM

Sensex falls 146 pts in opening trade

The BSE benchmark Sensex shed over 146 points in opening trade today, continuing its losing streak for the fifth day in a row on sustained selling triggered by poor second quarter corporate earnings and a weak trend on other Asian bourses.The 30-share BSE index, which has lost over 686 points in the...

November 15, 2011 7:36 PM

Hexaware bags contract worth $ 250 million from UK client

IT firm, Hexaware Technologies today bagged a contract worth 250 million dollars, or nearly 1,265 crore rupees from a UK-based client for a period of five years, starting 1st January, 2012.The company will garner an estimated 60 million dollars worth of incremental business through this contract.The...

November 15, 2011 5:27 PM

Gold tumbles by <img src="rs.png" border="0" height="9" /> 30 per ten grams

Gold fell 30 rupees, to 29,265 rupees per ten grams at Delhi&apos;s bullion market, today, on slackness in demand at existing high levels, and weak global cues. Silver lost 500 rupees, to 57,500 rupees per kilo, on reduced off take by industrial units. In the global markets, gold declined 0.8 pe...

November 15, 2011 5:26 PM

Strides Arcolab gets US nod for Carboplatin injection

Pharma firm, Strides Arcolab today said it has received approval from the US health regulator to market a generic, Carboplatin injection, for the treatment of ovarian cancer. The company said the US market for generic carboplatin is estimated to be worth nearly 35 million dollars.

November 15, 2011 5:26 PM

Hexaware Technologies bags contract worth $ 250 million from UK client

IT firm, Hexaware Technologies today bagged a contract worth 250 million dollars, or nearly 1,265 crore rupees from a UK-based client for a period of five years, starting 1st January, 2012.The company will garner an estimated 60 million dollars worth of incremental business through this contract.The...

November 15, 2011 5:26 PM

Gold tumbles by Rs 30 per ten grams

Gold fell 30 rupees, to 29,265 rupees per ten grams at Delhi&apos;s bullion market, today, on slackness in demand at existing high levels, and weak global cues. Silver lost 500 rupees, to 57,500 rupees per kilo, on reduced off take by industrial units. In the global markets, gold declined 0.8 pe...

November 15, 2011 5:23 PM

Sensex closes 236 pts lower amid weak Asian and European markets

Falling for the fourth straight session, the Sensex at the Bombay Stock Exchange lost 236 points, or 1.4 percent, to close below the 17,000 mark after three weeks, at 16,883, on continued selling pressure, amid weak Asian and European markets, today.The Sensex had already lost over 450 points in the...

November 15, 2011 3:11 PM

Rupee weakens to 50.70 against US$

The rupee depreciated by 40 paise to 50 rupees 70 paise against the US dollar in early trade today on persistent dollar demand from banks and importers in view of firmness of the American currency overseas. The domestic currency had closed 18 paise lower at 50 rupees 31 paise per dollar in yesterday...

November 15, 2011 2:56 PM

Sensex down 20 points at 17,098 in noon trade

The Sensex at the Bombay Stock Exchange fell 83 points, or 0.5 per cent, to 17,036 within the first few minutes of trade, this morning, on continued selling by investors, as weak regional markets dampened sentiment. After a brief recovery, the Sensex again lost ground, to stand 20 points, or 0.1 per...

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