Dollar Slithered with substandard US Retail Sales

Dollar Slithered with substandard US Retail SalesThe dollar demur alongside the yen on Wednesday since after the worse-than-anticipated U. S. retail sales figure dwindled adding to the vow and a pinch of below par economic data that have radiated a shade on a U. S. revival.

The U. S. retail sales dwindled with a second instant time in June, declining more than anticipated in an indication that the consumer spending is moving slow and strenuous life from an economy lumbered with low jobs rate.

SBI with Oman's SGRF to set up a $100 million fund

SBIIndia's largest bank in terms of network a

L&T gets $83 million contract from ONGC

Larsen-ToubroIndia's largest engineering, construction and technology company, Larsen & Toubro Ltd (L&T) has won a contract worth $83 million from ONGC, which is the public sector oil company.

The contract deals with offshore rig refurbishment and had many players eying it.

It was said by L&T that the contract will be handled by the Floating Systems Business Unit (FSBU) of the company. This is a relatively newer division and is one that will be providing one-stop-shop for the execution of offshore drilling rigs and floating production units.

Technology makes people forgetful, survey

Technology-people-forgetfulAs per a new research it was found that over use of technology is hampering human memory, reports The Daily Telegraph.

The survey, was done by Michael Lynch of Credit Card Protection Company (CCP), has coined a term for forgetful memory termed as "numerical amnesia".

According to Lynch people now store contact details in phone memories, as they think this to be an easy way of not remembering it.

Daily Indian Stock Market Outlook: FairWealth Securities

Daily Indian Stock Market Outlook: FairWealth SecuritiesIndian market encountered profit booking after a gap-up opening, finally closed in red. In weak global cues, SENSEX shut shop at 17938, down 47 points and Nifty at 5386, down 14 points from the previous close. CNX MIDCAP index was down 0.32% and BSE SMALLCAP index was down 0.26%. The market breadth was negative with advances at 517 against declines of 761 on the NSE. Top gainers included SBIN, LT, HDFCBANK, DLF, HEROHONDA, AXISBANK and SIEMENS. Top losers are listed as M&M, INFOSYSTCH, WIPRO, ACC, STER and GAIL.

Next Day Trading Session:

Hotel Leelaventure posts 786% rise in profit

LeelaPremium luxury brand hotel group, Hotel Leelaventure Ltd said on Wednesday that it has seen a whopping 786 per cent increase in its net profit. The figure closed at Rs. 9.24 crore during the first quarter, which was higher than Rs. 1.04 crore that it posted for the same period last year.

The group also informed that its income grew by 25 per cent for the first quarter to end at Rs.105.81 crore. Last year during the same period was rs.84.71 crore.

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