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According to a survey report of Institute for Supply Management (ISM), the service sector of US continued to grow in June but at a slowest pace since February.

It had six consecutive months that the key factor of the US economy, the service sector expanded. This report followed recent economic reports that have created fears about the economic recovery of US.

Hewlett-Packard (HP) has claimed of bringing in the latest cloud-based solutions for small and medium businesses (SMBs) in case of verticals such as retail, healthcare and education verticals in India.

The Economic Times reports that the company that recently acquired Palm has joined hands with approximately 150 Indian software firms to offer solutions and at the same time claims of developing around 8 to 10 applications.

HTC has pronounced a 41 per cent increase in overall sales over the first six months of 2010, reports BBC.

The company has supposedly made money out from the success from its Android-based smartphones. It was stated that the year round revenues that got over in June 2010 has increased to £2 billion, up from the £1.4 billion units considering the 2009 sales.

The Taiwanese maker stated that other handset has recorded sales in the last three months with the highest sales records ever.

In a press release, Space Research Organization (ISRO) said that highly developed rocket RH200 was launched from Thumba Equatorial Rocket Launching Station (TERLS) at 3.50 p.m. and achieved its intended altitude of 60 km in 2 minutes.

On Thursday the Zenotech Laboratories settled down for 12 per cent on the Bombay Stock Exchange, after the Supreme Court attached the Daiichi-Sankyo's open bid price at Rs 113.62 a share. Shares of the Hyderabad-established Zenotech Lab tolled up by 12.16 per cent at Rs 99.70 on the BSE.

At present the market scrip dwindled by 13.61 per cent for the intra-day low of Rs 98.05. Further the same during the early moments of the day stroked by a month elevation of Rs 119.20.

Moreover in the wider market the Sensex closed at 180.70 points in elevation or by 1.03 per cent, to 17,651.73.

Today the Indian equities set a good show at the Sensex while making a close at a pessimistic note however the off intraday mounts reflected gains with the global cohort. The stocks that charted the Sensex were the one lying in the domain of IT, realty and banks while the power stocks closed with a lower margin.

Whereas the Bombay Stock Exchange's Sensex closed at 17641.49, moving up by 170.46 points or 0.98 per cent. The index hit an intraday elevation of 17728.37 and by a low of 17536.48.