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Popular Articles

Jet Airways suspends all its flights between UAE and India
Jet Airways has suspended all its flights between the UAE and India after almost half of its pilots did not report for duties protesting against sacking of two of their colleagues.

Mahindra Satyam appoints Vadrevu for strategic initiatives
Mahindra Satyam, the rebranded Satyam Computer Services, on Thursday announced the appointment of Vijayanand Vadrevu as the senior vice president – strategic initiatives.

News of the day

'Nuclear programmes to gain momentum with UPA back in power'
The Indo-US nuclear deal and India"s subsequent entry into the Nuclear Suppliers Group (NSG), ending 34 years of nuclear isolation, has thrown open business opportunities worth an estimated $100 billion by the year 2032. The country is planning to increase its nuclear power generation by about 60,000 mega watts (Mw) within the next 25 years. This planned capacity addition is being executed by the state-owned Nuclear Power Corporation of India Ltd (NPCIL). Its head, Chairman and Managing Director SK JAIN, tells P B JAYAKUMAR about his plans and expectations. Excerpts:
Online Business

Markets remain in negative territory

The markets continue to trade in the negative on the back of weakness in realty, metals and IT pack. - Markets have a sedate start - US markets end weak - Sensex falls most in two weeks - Spice Finance plans to buy 15% in NMCE - Sensex sheds 213pts on profit booking - Sensex ends down 226pts The opening was quite, considering the weak US and Asian cues. The markets did make an attempt at a recovery, with the benchmark crossing over into the green for an instant, only to be dragged down in no time. The Sensex is quoting at 16,723, down 61 points, and the Nifty is at 4,966, down 22 points. The top Sensex losers are Reliance Infrastructure (weaker by 1.6% at RS 1,086), ICICI Bank (down 1.4% at Rs 872) and Jaiprakash (lower by 1.3% at Rs 223). Wipro, Hindalco and Tata Steel have lost between 1% and 2% each. The leading Sensex gainers are ACC (higher by 1.7% at Rs 745), Hero Honda (firmer by 1% at Rs 1,657) and HDFC (up 0.8% at Rs 2,771). The market breadth is neutral. Out of 2,232 stocks traded on the BSE, there are 1,120 advancing stocks as against 1,039 declines. Suzlon tops the value charts on the BSE, with a total turnover of Rs 60.50 crore, followed by JSW Steel at Rs 74.01 crore, HDIL at Rs 37.88 crore, DLF at Rs 37.14 crore and SBI at Rs 36.48 crore. Suzlon also registered the highest volumes, at 39.93 million, on the BSE. This was followed by Ispat at 8.85 million, Unitech at 8.51 million, GVK Power at 4.95 million and HDIL at 4.24 million.


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