Oracle To Build R&D System For Innovation

Bhuvan Kala 25 July 2007

OracleNew Delhi: Enterprise software company Oracle said it will make a research and development (R&D) system for its 19 centers across Asia Pacific and Japan to manufacture, check and showcase technological innovations.

The novel single system will connect 19 development and solution centres that include six Oracle Asia R&D Centres (OARDC) in India, Japan, Korea, Singapore and two in China in addition to 13 solution centres in the Asia-Pacific region.

India's First Woman President Takes Charge, Outlines Vision

Neha Malik 25 July 2007

Pratibha PatilNew Delhi: Pratibha Patil made history by becoming the country’s first woman President. Ms.

Unitech’s Support Level at Rs 550

Shalini Kakkad 25 July 2007

Rahul MohindarUnitech said that ‘Unitech’ has support at Rs 550.

Mr. Mohindar said: “Real estate and infrastructure these are –these are spaces that we linked. On declines we are looking at buying opportunities. We have been commending Unitech for some time, Rs 620-650. Those are the medium term and long term targets respectively. I think the intra-day correction that we have seen today is really an opportunity to buy. There is very big support at about Rs 550 for this stock. So, Unitech would be one, which we will pick in real estate.”

Amazon 2Q Profit More Than Triples, Stock Jumps 12%

Rajvir Khanna 25 July 2007

Seattle: Amazon.com Inc.’s recorded three-fold increase in its profit for the second quarter ended June 30, 2007.

The company stated that its income boosted on the back of healthy sales of books, music and electronics internationally. The company’s stock surged 12.5 percent in after-hours trading.

The web retailer’s earnings for the three months mounted to $78 million, or 19 cents a share, as compared to $22 million, or 5 cents a share in the same period last year.

The quarterly results exceeded Wall Street’s outlooks. Analysts estimate a profit of 16 cents per share.

Market Opens on a Feeble Note

Malini Ranade 25 July 2007

The 30-share index opened unenthusiastically and trading weak. Select stocks from IT led the advancements while auto, cement, telecom and banking led the declines.

Asian markets also turned down in the early sessions on fears of the rejection in the housing demand in USA.

Bharat Thakur, assistant manager, Karvy stock broking told that some profit booking is expected to take place today. He is confident on power sector and commends Reliance Energy and HDFC for trading.

Pratibha to be Sworn in as India`s First Female President

Manpreet Dhillon 25 July 2007

Pratibha PatilPratibha Patil will become India’s first woman President as she will be sworn in as the 12th Preside

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