Indian equities opened negatively for the third straight session on rising global recessionary pressures.
Auto and IT stocks went down, whereas oil & gas and FMCG stocks gained ground.
BSE Midcap and Smallcap index climbed 0.32% and 0.15% respectively.
Today, the 30-share index, BSE Sensex opened at 9,631.59, down 102.63 points, as against its last closure in which it settled with a loss of 385.79 points.
India’s major exporter of iron ore, Sesa Goa has announced its plans to pump Rs 4 billion in the coming two fiscals, for the construction of mines and infrastructure. The company is also keeping its investment plans intact.
According to the sources, the conglomerate also intends to exploit the fall in prices of mining assets and acquire iron ore mines in India and abroad.
The sources further revealed that the company is also confident about it’s 30 percent growth target for output in the current financial fiscal .year.
Dostana’s ‘Shut Up And Bounce’ track is rocking the nation these days.
The song is an ideal foil for the Miami beach bouncing by multi-talented Abhishek Bachchan, dashing John Ahraham and hottie Shilpa Shetty.
According to sources, during the shoot of this song, John had put so much sunblock on his bare body that’s why Shilpa’s hands kept on slipping from him.
London - Britain's ruling Labour Party, which lately had suffered a string of election defeats, received an important boost by winning a by-election in Scotland, home of embattled Prime Minister Gordon Brown.
Labour candidate Lindsay Roy prevailed with about 700 votes over his main rival from the Scottish National Party in the Glenrothes constituency in east-central Scotland, the BBC reported.
Malaysia-based low-cost air-carrier, AirAsia, has announced that it intends to roll out its operations in India with a daily direct flight between Kuala Lumpur and Tiruchirapalli from coming month (December).
According to the sources, AirAsia would start its daily direct flight to Tiruchirapalli from Kuala Lumpur with a brand new fleet of Airbus A-320.
To draw the clientele, the airline offers a special fares of Rs 699 (excluding airport taxes, fuel surcharges, etc) on the Kuala Lumpur-Tiruchirapalli flight.
Kathmandu - Bhutanese refugees living in camps in eastern Nepal said they were closely following the coronation of Bhutan's new king even though they held out no hope of returning to their homeland, Nepalese media reports said Friday.
As Bhutan celebrated Thursday's coronation of 28-year-old Jigme Khesar Namgyel Wangchuk, thousands of refugees said there was little reason to cheer, the Kathmandu Post newspaper reported.
"There is no happiness in the refugee camp as the new king ascends the throne," said SB Subba, chairman of the Human Rights Organization of Bhutan. "It is meaningless for the people in refugee camps as the monarchy is the sole cause of our suffering."