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January 27, 2010 1:33 PM
Software maker Orcale Corporation is planning to hire 2,000 people in sales and engineering department, as the company is near to close its long-delayed acquisition of Sun Microsystems Inc.In an interview to 'The Wall Street Journal', Oracle Chief Executive Larry Ellison said that ...
January 27, 2010 10:00 AM
The rupee on Wednesday depreciated by 15 paise against the US currency in early trade on continued capital outflows by foreign funds from equities.At the Interbank Foreign Exchange (Forex) market, the Indian rupee fell by 15 paise to trade at 46.27 a dollar. The rupee ended a shade higher at 46.12/1...
January 27, 2010 10:00 AM
The Bombay Stock Exchange benchmark Sensex on Wednesday fell by 188.51 points, or 1.10 per cent, in opening trade on selling by foreign funds driven by weak trends in the overseas bourses.The 30-share index, which had lost over 860 points in the past five sessions, fell by 188.51 points to 16,591.95...
January 26, 2010 2:58 PM
Oil prices were weaker in Asian trade on Tuesday after overnight gains on the back of a weak dollar and a stronger finish on Wall Street, analysts said. New York's main futures contract, light sweet crude for delivery in March, fell 21 cents to USD 75.05 a barrel. London's Brent No...
January 25, 2010 7:43 PM
Retail giant Wal-Mart has said that it is cutting 11,200 jobs at its Sam's Club warehouse chain in the US. The majority of the cuts will hit staff running in-store promotions at the chain, after Wal-Mart decided to outsource these functions. Staff were told the news at meetings yesterday mo...
January 25, 2010 5:46 PM
Extending its losses for the fifth straight session, the Sensex at the Bombay Stock Exchange closed 79 points, or 0.5 percent lower, at 16,780, today, on sustained weakness in the global markets. The Nifty at the National Stock Exchange fell 28 points, or 0.6 percent, to 5,008. Stock markets in Japa...
January 25, 2010 5:36 PM
The Swedish telecoms equipment group Ericsson has said it is cutting an extra 1,500 jobs due to fall in quarterly profits. Hit by the cost of its restructuring work, and a continuing drop in orders, its net profit for October to December has come down to 43 million dollars, a 92 per cent fall from t...
January 25, 2010 10:28 AM
The rupee depreciated by 4 paise against the US currency in early trade on continued outflows by foreign funds from equities amid increased dollar demand from importers.At the Interbank Foreign Exchange market, the Indian rupee fell to 46.18 a dollar.
January 25, 2010 10:26 AM
The Bombay Stock Exchange benchmark Sensex lost 115 points in opening trade on increased selling in banking, IT and metal stocks amid weak global cues. The 30-share index, which had lost over 781 points in the previous four trading sessions, declined by 0.68 per cent, to 16,859 points in the morning...
January 24, 2010 6:23 PM
The Corruption is rampant in the Indian corporate sector and those at the top indulge the most in it. A survey says, 86 percent private employees believe that corruption is a common phenomenon in corporate India. The acceptance towards corruption increases from lower management to middle management ...
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