India

Stock Markets To Trade Positive On Monday – Stock Analysts

Ashwin Gada, Stock Marketdealer, Networth Stock Broking, said that on Friday, the stock market was flat, it closed down 25 points. It opened strongly but slipped into negative zone accompanying the imperfect Asian markets and also there were some rumours about promissory note that forced the market down. Volumes was very dry, there was not much buying seen at the stock exchange on Friday.

Mr. Gada anticipates the market to trade positive on Monday (Sept. 10). He is bullish on market persuasions and pointed out that, market may touch 16000 level by the closing of next week. He is optimistic on the pharmaceutical segment and commends Divis Laboratories for trading.

TCS Intends To Make Third Centre In China; To Appoint 4,000 More

Bangalore: TCSIn order to support its rising customer base in the country, Tata Consultancy Services (TCS) has decided to set up its third development centre in China by the end of this fiscal.

On the sidelines of the Nasscom Quality Summit in Bangalore, Mr, N. Chandrasekaran, company’s COO, said, TCS anticipates scaling up its headcount by five-folds to about 5,000 by next three years (2010).

The company presently controls two development centres in Beijing and HangZhou and serves close to 20 international clients from China. Further, TCS would continue to expand its delivery centres in Mexico and in Eastern Europe.

Wartsila To Create Assembling Unit In India

Wartsila CorporationHelsinki: Wartsila Corporation has planned to invest more than €5 million to establish an assembling plant in India, for making controllable pitch propellers for ships.

While addressing reporters at its headquarters in Helsinki, Ole Johansson, President and CEO, Wartsila Corporation, stated that the new plant would crop up at Wartsila’s constructing unit in Khopoli, near Mumbai.

Maruti Wins Victory Over Its Indonesian Rivals

Maruti Udyog LtdNew Delhi: Maruti Udyog Ltd is ready to turn into big in the Indonesian small car market.

In the existing fiscal, the company has been capable of capturing around 60 per cent of the small car market in Indonesia with an export order worth 12,000 units, 1,000 units above what the company had told in June.

Essar Group Seeks New Telecom Inning Via BPL Mobile

Essar GroupMumbai: Planning to provide mobile telephony services from 21 centres, Essar Group has filed for a pan-India licence under BPL Mobile, which would permit it to offer up 2G services in the state.

The group has applied for the license through shippingstop.com, a wholly-owned subsidiary of BPL Mobile. BPL Mobile presently offers GSM services in Mumbai, and has more than 1.1 million subscribers.

India to face tough competition in Asia Cup

Hockey Match
Chennai: From India’s perspective, the seventh version of the Asia Cup Hockey Championship, starting on Friday, assumes much importance as they will be confronting a strong challenge from their Asian counterparts’ enroute to their title defence.

Fortis Plans To Establish Medicity In Gurgaon

Fortis HealthcareRanbaxy promoted healthcare Company, Fortis Healthcare plans to set up a medicity in Gurgaon, and another 28 hospitals by 2010. The group will invest Rs 1,800 crore on the project.

J&K to have International Trade Centre Shortly

Union Minister of State for CommerceSrinagar: Union Minister of State for Commerce, Jairam Ramesh said that the Centre has sanctioned setting up of a Rs 35 crore international trade centre at Pampore in Pulwama district of Jammu and Kashmir.

Indian Trade Promotion Organization (ITPO) is making a plan for the projected centre to be submitted to the state government on October 10. The cornerstone would be laid on the 3rd week of October, Mr. Ramesh told newspersons before leaving for Delhi at the end of his three-day visit to the state.

Sonia Visiting South Africa To Brighten Political Relations

Sonia GandhiNew Delhi: United Progressive Alliance (UPA) chairperson Sonia Gandhi will visit Johannesburg soon after this month to perk up political dealings with South Africa, earlier than the IBSA (India, Brazil and South Africa) summit meeting in October that will be attended by Prime Minister Manmohan Singh and the Presidents of the other two countries.

At a gathering with Union Minister of State for Industry Ashwani Kumar, South African President Thabo Mbeki stated that he was looking forward to make discussions with Ms. Gandhi and with Dr. Singh.

India, Bangladesh Vow Joint Action On Terrorist Groups

New Delhi: India and Bangladesh restated that the use of the territory of any country would not be permitted for fanatic and unlawful actions.

The neighbors alleged that continued group action and information sharing would help them. Both sides decide to begin quick action on data accepted about groupings and factors and other fugitives.

India guaranteed Bangladesh all possible support to its appeal to outline wanted criminals allegedly taking shelter in Indian Territory.

Nuke Deal With India In `National Interest’ - US

Washington: The Bush administration has tried to alleviate worries brought up by various US lawmakers over the civilian nuclear transaction with India.

The administration also added that the conditions of contract were in the country’s ‘national interest’ and exact for treating international non-proliferation ends.

State Department spokesman Sean McCormack told, “We believe that this is the right deal for the US national interest, for our relationship with India, as well as for addressing our concerns about non-proliferation globally.”

The spokesman alleged legislature on both sides was being totally briefed on the conditions of 123 agreement.

Indiabulls Denies Involvement In Fake ‘F&O’ Deals

IndiabullsBrokerage firm, Indiabulls Financial Services, denied media reports hinting their participation in any fake trading or price fixing in the futures & options (F&O) segment.

According to a company release that Indiabulls Securities or any of its group companies have not been concerned in any counterfeit trading or price fixing in F&O division and have not traded directly or indirectly on its own account in the 23 trades on the F&O segment as mentioned in the SEBI order.

Sophisticated Standard Of Living

The presence of number of projects offering comfortable living to residents has made Noida and Greater Noida as the chosen destination for superior lifestyle in the National Capital Region. Grand Venezia International Mall by the Bhasin Group, Czar Suites by Supertech and internationally designed township developed by Omaxe are few of the numerous projects lined up for Greater Noida offering easy connectivity to the capital via the expressway.




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