After a depressing start and a subsequent sharp fall, Indian equities made a smart recovery this morning on the back of some spirited buying action in some of the frontline stocks.

IT, power and consumer goods gained ground, whereas realty and banking stocks went down due to the expected rate cut not happening during the last weekend.

BSE Midcap and Smallcap index gained 0.11% and 0.31% respectively.  

At 11:00 a.m., the 30-share index BSE Sensex, which tumbled to a low of 8708.85 after opening at 8840.53, rallied to 8,961.14, up 45.93 points.

Bharti Airtel, India’s top mobile service provider, was conferred the top honours at the GSMA Asia Mobile Awards 2008 at Macau for its Music-On-Demand service.

Among tough competition from worldwide leaders including Telstra Corporation, Australia, Geodesic Inc, USA, Artificial Life, Inc, Hong Kong and Gracenote, USA, Airtel received the high-status award in the category ‘Best Mobile Music, TV or Video Service’.

Indian Space Research Organisation (ISRO) chairmain G. Madhavan Nair stated that India would send a manned mission into the space after the success of its first unmanned lunar spacecraft, Chandrayaan-1.

It seems that Showman Subhash Ghai's recently released Salman-Katrina starrer ‘Yuvvraaj’ has failed to set box office on fire.

Despite no major rivalry from other sides, ‘Yuvvraaj’ garnered advance bookings of just 35% in major multiplexes, which placed the film in the group of big-budget failures with its cost being in the range of Rs 45 - 50 crore.

According to trade experts, the collections of ‘Yuvvraaj’ will slide from Monday onwards, going by its box-office show during the first two days of its release.

C plus segment sedan Linea was launched by Fiat India Automobiles (FIAL) from the Ranjangaon plant. The car will enter market in the middle of next month.

It is estimated that company would have 2000 units in all its dealers for immediate sale by then. This is a new Fiat model to be launched in India in seven years.

Rajeev Kapoor, managing director and CEO, FIAL, said the car will be distributed by Tata-Fiat dealers but declined to reveal its pricing details.

A recent study showed that marijuana can help in reducing memory loss in old age. The study showed that specific elements of marijuana can help in reducing inflammation in aging brain. Chronic inflammation in the brain is believed to contribute to memory impairment. Findings reveal that it can also stimulate the formation of new brain cells.