Alibaba raises IPO price range in wake of increasing demand

AlibabaLondon, Sep 16 - Alibaba has raised the price range of its initial public offering (IPO) i

Gold price regains Rs 27,000 mark in futures trade

GoldNew Delhi - Gold futures traded a shade higher at Rs 27,030 per ten gram today as speculators indulged in building up fresh positions amid a firming trend overseas before the US Federal Reserve begins a two-day policy meeting Tuesday.

At the Multi Commodity Exchange (MCX), metal prices for delivery in October moved up by Rs 31, or 0.11 percent, to trade higher at Rs 27,030 per ten gram, in a turnover of 77 lots.

On the similar lines, the metal prices for delivery in far-month December gained Rs 16, or 0.06 percent, to Rs 27,231 per 10 gm, in a business volume of one lot.

India's infrastructure market to reach $6.6 trillion by 2025: Report

Infrastructure MarketMumbai - India's infrastructure market is expected to touch USD 6.6 trillion by 2025, which will be nearly 12.5 percent of the Asia-Pacific, says a report.

According to consultancy firm PwC, the Asia Pacific infrastructure market is expected to grow by 7-8 percent a year over the next decade to over USD 53.6 trillion by 2025 and representing nearly 60 percent of the world total.

The increase in infrastructure spends in the country is likely to be driven by sectors like housing, telecom, healthcare, education, transportation, among others, it said.

Google launches three 100$ smartphones based on Android One initiative in India

 smartphonesWashington, Sep 16 - Google has unveiled the much-awaited three new smartphones based on the Android One initiative at an event in New Delhi.

The three new handsets include, Spice Android One Dream UNO Mi-498, the Micromax Canvas A1 and the Karbonn Sparkle V, reported CNET. The three phones share similar features like, a 4.5-inch FWVGA display with a 854x480-pixel resolution, quad-core 1.3GHz MediaTek processor, dual-SIM capability, 1GB RAM and 4GB of onboard storage alongside a microSD card slot for expandability along with a 5- megapixel camera on and a removable 1,700mAh battery.

Early earth may not have been as 'hellish' as previously imagined

Early_EarthWashington, Sep 16 - A new study has revealed that the conditions on early earth, which is 500 million years after it was formed, may not be as bad as previously imagined; in fact it might be similar to the present day.

The alternate view of Earth's first geologic eon, called the Hadean, has gained substantial new support from the first detailed comparison of zircon crystals that formed more than 4 billion years ago with those formed contemporaneously in Iceland, which has been proposed as a possible geological analog for early Earth.

Sensex recovers 44 points in early trade

SensexMumbai: The benchmark BSE Sensex gained over 44 points in early trade Tuesday on emergence of buying by funds and retail investors in select stocks.

The 30-share index, which had lost 244.48 points in the previous session, recovered by 44.73 points, or 0.16 percent, to 26,861.29, with realty, healthcare, capital goods, power, infrastructure and consumer durables shares leading the recovery.

Also, the National Stock Exchange index Nifty rose 2.90 points, or 0.03 percent, to 8,044.90.

Brokers said emergence of buying, though selective, by funds and retail investors after remaining sellers in yesterday helped trading sentiments to improve.

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