TNM

Stock Mkt Is Trading Below All Crucial Levels, Says Vishwas Agarwal

Stock Mkt Is Trading Below All Crucial Levels, Says Vishwas AgarwalIndian equities on Tuesday (Jan 13) ended the day on a negative note.

The BSE barometer opened weak following global cues, but better-than-expected results from technology giant Infosys turned out a good enough trigger for the stock market to make recovery after an early setback.

IT stocks outperformed, while banking, metal and oil & gas stocks went down.

Among the sectoral indices, BSE IT climbed 4.71%, whereas BSE Oil & gas, Bankex and Metal declined more than 1% each.  

Five AMU Centres To Come Up In The Country

Five AMU Centres To Come Up In The CountryThe Aligarh Muslim University (AMU) is all set to set up five special academic centres across the country to offer traditional and job oriented courses.

In this regard, AMU has already got the final nod from the varsity’s Academic Council on Monday.

The new centres will be established in Murshidabad (West Bengal); Katihar (Bihar); Bhopal (Madhya Pradesh); Pune (Maharashtra) and Mallappuram (Kerala).

The university (AMU) is making discussions with the related states in order to open up special centres of the varsity.

3G spectrum auction process may further delay

3G spectrum auction process may further delayThe Department of Telecommunications (DoT) has approached Union Law ministry to get legal aid on the issue of increasing base price for 3G and broadband wireless access (BWA) spectrum allocation.

Interestingly, the telecom department is not is the favor of increasing base price of 3G spectrum as it can discourage companies to participate in the auction process. Low participation by companies may decrease competitiveness that can lead to significant losses to state exchequer.

Day one draws Rs 7 lakh crore investment plans

Day one draws Rs 7 lakh crore investment plansThe four day long Vibrant Gujarat Global Investors Summit-2009 has started in Ahmedabad to discuss various business and investment issues. Top corporate icons may announce some investment plans in all economic sectors including oil and gas, power, infrastructure, ports ship-building and information technology at the submit.

ICAI may tighten rules on auditors' tenure

ICAI may tighten rules on auditors' tenureThe Institute of Chartered Accountants (ICAI) may revise tenure of a company's auditors to deal with audit fraud committed by companies as did by Satyam Computer Services recently. It is also planning to issue guidelines to its members to review periodic record of companies to avoid possibility of alteration in company's balance sheet.

It is to be noted that Price Waterhouse has been associated with Satyam as an auditor for eight years and ICAI recently declined to take any action against it for audit mishandling, blaming management for this fraud.
 

Karnataka High Court Expresses Displeasure Over Deve Gowda letter

Karnataka High Court Expresses Displeasure Over Deve Gowda letterOn Monday, the Karnataka High Court expressed its shock and discontentment over the letter addressed by former Prime Minister H D Deve Gowda to the Chief Justice and other judges of the High Court regarding alleged counterfeit actions by the Nandi Infrastructure Corridor Enterprises (NICE) in implementing the BMIC project.

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