Abhishek Ganguly appointed Puma India MD

Puma IndiaMumbai: Puma India on Friday said that it has appointed Abhishek Ganguly as its new managing director, taking over the reins of the brand that recently launched the Forever Faster campaign.

Abhishek previously had been spearheading the sales and retail functions for the brand and had joined Puma right at its inception in 2005 as a founding director, a company release said.

"As one of the founding directors of Puma India, Abhishek brings with him a wealth of experience that will guide the brand towards its next leap in India.

Is Selena Gomez 'moving in' with Justin Bieber?

Selena GomezWashington, September 19 : Justin Bieber has reportedly asked his on-off girlfriend Selena Gomez to move in with him as he is keen on taking their relationship to the next level.

Sources revealed that the ' Baby' hitmaker has asked the ' Come and Get It' singer to move in with him and they are a "hundred percent together right now", Contactmusic reported.

According to HollywoodLife. com, Gomez is very happy and though she is treading with caution and won't be giving up her place yet, she is officially going to be living with him in his Los Angeles pad.

Tata group shares gain after Moody's upgrades ratings

Tata GroupMumbai: Shares of Tata Group firms on Friday rose in the range of 1-12 percent after Moody's Investors Service upgraded ratings of half a dozen group companies.

Among blue-chips, TCS's stock gained 3.31 percent to Rs 2,724, while Tata Power climbed 2.27 percent to Rs 90 on the BSE in morning trade.

TCS was also the top gainer among the 30-Sensex blue-chips.

Shares of Tata Steel rose by 1.13 percent and Tata Motors was up 0.63 percent.

Tata Elxsi soared 12.58 percent and Tata Sponge Iron rose 11.99 percent.

ONGC invested Rs 81,890 crore for raising output

ONGCNew Delhi : India's largest oil and gas producer ONGC on Friday said it has invested Rs 81,890 crore in bringing on stream newer discoveries and arrest natural decline that has set in its ageing fields.

"Our major oil and gas producing fields are ageing and showing natural decline," ONGC Chairman and Managing Director Dinesh K Sarraf told shareholders at company's annual general meeting (AGM) here.

However, ONGC has taken measures to arrest this trend and uphold production from such fields, he said.

Oil and Natural Gas Corp (ONGC) has deployed the best-in-class technologies in its Improved Oil Recovery (IOR) and Enhanced Oil Recovery (EOR) schemes on these fields.

Rupee up 10 paise at 60.74 Vs USD

Rupee upMumbai: Extending its rising streak for the the fourth straight day, the rupee strengthened by 10 paise to 60.74 against the US dollar in early trade Friday at the Interbank Foreign Exchange market on continued selling of the American currency by exporters.

A higher opening of the domestic equity market also supported the rupee but the dollar's rise against other currencies overseas capped the gains, dealers said.

Yesterday, the Indian rupee ended eight paise higher at 60.84 against the greenback following late dollar selling by exporters and a strong rally in local shares. In previous three sessions, the rupee gained 29 paise.

Sensex rises for 3rd day, hovers around 27,200

Sensex risesMumbai: The benchmark BSE Sensex on Friday rose over 73 points in early trade, extending gains for the third straight day on sustained buying by funds and retail investors, driven by rising optimism over trade ties with China amidst a firming trend overseas.

The 30-share index gained 73.39 points, or 0.27 percent, to 27,185.60 with power, realty, infrastructure, PSU, healthcare, and metal sector stocks leading the rally. The index had gained 619.70 points in the last two sessions.

In a similar fashion, the broad-based National Stock Exchange index Nifty moved up by 21.85 points, 0.27 percent, to 8,136.60.

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