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BoE holds key rate; to pump in extra 25 bn pounds
Continuing with its soft monetary stance, Bank of England (BoE) today retained the benchmark interest rate at 0.50 per cent for the eight straight month and will inject another 25 billion pounds to boost the economy.

United Spirits hits new 52-wk high on distillery acquisition
The scrip soared to a high of Rs 1,244 and finally settled at Rs 1,228, up 2.5% from its previous close. The counter clocked 88,709 shares as comapred to the two -week daily average traded volumes of 115,510 shares on the BSE.

News of the day

Markets at a glance
A sell-off in global stocks and disappointing earnings numbers from a few big corporates pulled down the key indices during four out of five trading sessions in the week. The BSE Sensex fell below the 17,000 mark and ended the week down 695 points or 4 per cent to 16,860.
Small Business

Tata Communications erases gains, ends down 2%

The scrip erased all its gains and slipped into the negative to touch a low of Rs 356 and finally ended at Rs 362, down 2% from the previous close. The counter witnessed trades of 36,792 shares on the BSE as compared to the two-week daily average traded volumes of 4,417 shares on the BSE. ______________________________________________ UCO Bank seeks shareholders" nod for fund raising Negative view on state-run oil cos: Fitch Jan cement sales in high double-digit The Tata company is trading at Rs 373, higher by Rs 3 or 1%, on the BSE. The stock had opened at Rs 371, which was also the day"s low, and has touched a high of Rs 374 thus far. The total length of the cable system within the Gulf region would stretch some 4,469 km, from Mumbai to Oman and onto Kuwait, and would connect Tata Communications’ global cable and backhaul network.


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