Would delist ADRs: Mahindra Satyam to NYSE

Mahindra Satyam has told the New York Stock Exchange (NYSE) that it plans to delist its American Depository Receipts (ADRs) from the Exchange. It also said that the company was likely to miss the deadline to report the results for the financial year. Satyam is facing several law suits from share hol...

City Group showers millions on top executives

The American banking giant City Group, which was bailed out by the US Government two years ago, is to award multimillion dollars in salaries and bonuses to 25 top executives The American Government still owns eighty per cent of the City Group. And correspondents say the decision is likely to cause m...

Gold price rises above $1300<br/>

The price of gold has risen above 1,300 US Dollars an ounce for the first time in the international market. The price of the precious metal reached 1,300.07 dollars during trading at the London bullion market, before dipping back. The latest rise has been spurred by caution over the global economy, ...

Taj Group of hotels to expand its base in Sri Lanka

Rupee appreciates by 40 paise against $

The rupee appreciated by 40 paise on Friday to close at a four-month high against the US currency. Firm equities amid sustained capital inflows helped the rupees close at 45.25/26 a dollar to day

Sensex up by 184 pts

Indian Stock Market today closed in green to end the week on a higher note. The BSE Sensex closed at 20045 up by 184 points. The equities bounced back sharply in the afternoon and closed above psychological levels.Amongst the Sectoral indices, BSE Realty Index advanced by 2.78 per cent, BSE FMCG Ind...

Sensex nears 20K mark; up by 135 pts at noon

The Sensex at the Bombay Stock Exchange rebounded after a weak opening, to gain 135 points, or 0.7 percent, to 19,996, a short while ago. Earlier, the Sensex had lost 28 points in early trade. Emergence of buying at lower levels, and a recovery on the other Asian bourses helped the Sensex bounce bac...

Date for filing of IT Returns extended in J&K

The Income Tax Department in Jammu and Kashmir has extended the date of filing of returns of Income for the assessment year 2010-11 for all category of cases in the State to November 30, 2010. AIR correspondent R.K. Raina reports that the extension in filing returns has been given in view of disturb...

Sensex nears 20K mark; up by 135 pts at 1350 hrs

The Sensex at the Bombay Stock Exchange rebounded after a weak opening, to gain 135 points, or 0.7 percent, to 19,996, a short while ago. Earlier, the Sensex had lost 28 points in early trade. Emergence of buying at lower levels, and a recovery on the other Asian bourses helped the Sensex bounce bac...

Need to increase coal production: Jaiswal

Government today said there is an urgent need to increase the production of coal by bringing more coal bearing area under mining. Speaking at a coal summit in New Delhi, coal minister Sriprakash Jaiswal said the government is considering to change the mining rules to meet this objective. Mr Jaiswal ...