Indian equities opened positively despite none too encouraging global signals and moved up further in subsequent trading session as investors went bargain hunting after five successive days of losses.

The 30-share index, BSE Sensex opened with a gain of 33.47 points, at 8,970.67 on Wednesday.

Metal stocks, among the severely battered in recent sessions, were among the top gainers, while Oil, real estate, banking, capital goods and power stocks also moved up sharply.

Owing to rising costs and slow down of advertising revenues, UTV Software Communications has announced cut in costs in its broadcasting operations.

The company has consolidated its operations for four television channels - UTV Movies, World Movies, Bindass and Bindass Movies - by phasing out its Delhi operations. UTV ran two channels from Delhi and the other two from Mumbai.

The company has also cut its total investment by over 2 billion rupees to ensure total future investment does not exceed 1 billion rupees.

According to a new study, daily dose of aspirin or other "nonsteroidal anti-inflammatory drug" (NSAID) significantly improves the test results of men with prostate cancer.

By taking aspirin, the level of prostate specific antigen (PSA) getting lower than the level of clinical suspicion. This shows that it is helping the body to fight the disease.

PSA test is a method used to measure the level of prostate cancer, with higher blood PSA levels suggesting a higher chance of having prostate cancer.

Owing to rising costs and slow down of advertising revenues, UTV Software Communications has announced cut in costs in its broadcasting operations. The company has consolidated its operations for four television channels - UTV Movies, World Movies, Bindass and Bindass Movies - by phasing out its Delhi operations. 

UTV ran two channels from Delhi and the other two from Mumbai.

At the ongoing World Economic Forum-India Economic Summit, Arun Nanda, executive director (infrastructure development sector) of Mahindra and Mahindra, said, "Affordable housing market has a huge demand with consumers just sitting on the fence and waiting to get a clearer picture of the ongoing financial crisis.” 

The Mahindra group has a wholly-owned subsidiary, Mahindra Lifespace Developers Ltd, operating in the infrastructure development segment. 

Suzlon Energy, the biggest player in the wind turbine business in Asia and the fifth-largest worldwide, has decided to set up Solar Power Plant. 

At the Indian Economic Summit, Tulsi R Tanti, Suzlon Energy chairman and Managing Director stated, "We are exploring the solar energy sector as India has enormous opportunity in solar and wind power." 

Although he did not give any other financial details, he did mention identification of probable sites in Gujarat and Rajasthan, with an area of 10 acres required for one MW of solar power generation.