In spite of the government-announced stimulus packages and revision of index for industrial production (IIP) provisional January drop by a slender growth of 0.39 percent, India's industrial output recorded a 1.2 percent year-on-year drop in February. The same-month, year-before figures for the industrial output marked a 9.5 percent growth.

Complying with the legal orders pertaining to specimen signatures, based on a petition filed by the CBI, the scandal-plagued founder of Satyam Computer Services, B Ramalinga Raju and his four accomplices in the Rs. 7000 crore swindling at the IT company, have furnished their signatures on Thursday. All of the accused are currently in judicial custody.

Indian Stocks markets stayed in positive zone on Thursday. Markets are waiting for next trigger and are range-bound.

The benchmark indices closed the session on a flat note after remaining volatile throughout the day. The Sensex closed the day at 10,803 up 0.57% or 62 points after swinging in the range of 10,655 - 10,932. The NSE Nifty shut almost flat at 3,342 down just 0.03% or 0.9 points after trading in the range of 3,307 - 3,399. Among broader indices, BSE Midcap Index was up 1.6% or 55 points and Small Cap Index was up 1.6% or 61 points. Buying was seen in banking, realty and metal stocks.

With the promise of bringing along a totally new viewing experience for Indian subscribers, the direct-to-home (DTH) broadcast biggie, Sun Direct, Wednesday introduced its high-definition (HD) services. The company has worked into an arrangement with Korean chaebol Samsung, to cater for the supply of the set-top-boxes required for the newly-launched services.

The celebrated maker of optics and imaging products, Nikon has rolled out eight new models of its COOLPIX brand of digital cameras, including one Performance Series camera, three Life Series cameras, and four Style Series cameras.