Business News
Sensex rises in early trade
A benchmark index for Indian equities markets rose in early trade Wednesday after ending in losses for six consecutive sessions.The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 19,353.34 points, was ruling at 19,333.27 points – up 136.93 points…
Mobile broadband users to reach 1 bn globally in 2011: Ericsson
Telecom equipment maker Ericsson Tuesday said mobile broadband subscriptions are likely to reach the one billion mark globally in 2011.“During the course of 2010, a significant milestone in terms of mobile broadband subscriptions was reached as their number surpassed the half-a-billion mark globally. Ericsson…
Skoda Auto reports record sales in 2010
Skoda Auto, the Volkswagen-owned Czech carmaker, said Thursday that its sales rose 11.5 percent in 2010 year-on-year, in what amounted to the firm’s new record.The firm said in a statement that it sold 762,600 cars last year compared to 684,200 cars in 2009.“In…
CII proposes bio-diesel price hike
The government should raise the price of bio-diesel obtained from the jatropha plant to support the bio-diesel industry’s sustainability efforts, the Confederation of Indian Industry (CII) says.In a proposal submitted to the ministry of new and renewable energy, the industry lobby suggested the price…
India to add 65,000 MW power in 12th plan
India will add 65,000 MW of power during the 12th five year plan as various power projects will be commissioned by then, union Power Minister Sushil Kumar Shinde said Sunday.“India’s electricity needs will be solved to a large extent in two-three years after the…
Second generation of Apple TV to cross million sales mark
Apple’s set-top box TV system Apple TV has long since passed the phase where it’s the domain of hobbyists, according to Apple head Steve Jobs.That’s because the second generation of the Apple TV system is set to surpass the million sales mark in the…
Google TV faces hurdles
Google’s foray into internet television is not going quite as planned.Google plans to rework the software for Google TV before more manufacturers bring devices to market with that programming installed, reported US media recently. That’s after critics savaged the first take of the system.…
Sensex rises in morning trade
A benchmark index of Indian equities was Friday ruling in the green in morning trade.The 30-share sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 20,412.76 points, was ruling at 20,468.77 points – up 79.7 points or 0.39 percent from its…
Ailing Air India to get $250 mn equity from government
National carrier Air India, reeling under a financial crisis with little funds for fleet expansion, will now get additional equity of Rs.1,200 crore ($250 million) from the government.The federal cabinet, in a meeting presided over by Prime Minister Manmohan Singh here Thursday, approved the…
Sensex opens 23 points higher
A benchmark index of Indian equities opened almost flat with a positive bias Thursday, taking cues from stability in the global markets.The 30-share sensitive index (Sensex) of the Bombay Stock Exchange (BSE) opened at 20,038.83 points – up 23.03 points from the previous close…