Business

Sensex soars 240 points, aviation and retail sectors welcome foreign investment Mon, 17/09/2012 - 13:51 by Minnie Mahendru Last week the Indian markets finally observed the biggest one-day profit in the year 2012. The BSE Sensex soared 240 points and a trade higher than the key resistance of 5,630 was noted in the business of the broader Nifty early on Monday morning. Comments Read more	Planning Commission sets 8.2 percent growth target for 2012-2017 Mon, 17/09/2012 - 13:01 by Rachna Pandya An average annual economic growth rate of 8.2 percent is expected in the government’s five year plan for the period ending March 2017. Comments Read more	China-Japan tensions may bring investments to India Fri, 14/09/2012 - 15:37 by Rachna Pandya Latest business reports indicate India might economically benefit from the latest China-Japan spat over Diaoyu Islands. Comments Read more
Government to disinvest in 5 PSUs including HCL and OIL Thu, 13/09/2012 - 14:50 by Rachna Pandya In order to tackle growing fiscal deficit and mal-reforms in the country, the government has decided to prop up disinvestment as a measure for collecting a chunk of 18,000 crores and getting the derailed economy back on tracks. Comments Read more	U.S. banks plan to use email, mobile to transfer payments Wed, 12/09/2012 - 13:35 by Minnie Mahendru The three biggest US banks are busy in discussions to connect the payment networks.Plans are in pipeline to link digital payment systems with each other to get a relief from the cash and cheque payments. This will help more number of consumers to easily transfer cash payments with the help of messages sent from mobile phones and electronic mail. Comments Read more	Kodak to cut 1000 more jobs, announces organizational changes Tue, 11/09/2012 - 11:48 by Neka Sehgal Under a bankruptcy restructuring plan, the besieged Eastman Kodak Company (EKDKQ.PK) is seeking to eliminate another 1,000 jobs this fiscal year. Comments Read more
APEC focuses on European crisis and world economic growth Sun, 09/09/2012 - 17:26 by Rachna Pandya As the Asia Pacific Economic Cooperation (APEC) summit enters its final day on Sunday, it seems that the key issues like free-market growth, European recession, and “green” technology promotions have dominated the talks. Comments Read more	Apple court victory sends Samsung , Wolfson into tizzy Sat, 08/09/2012 - 11:46 by Minnie Mahendru The landmark ruling passed by a Californian Jury had claimed that Samsung had infringed on a few patents by Apple. A US Sales ban on 8 past models of Samsung Smartphones was slapped on the South Korean Electronics group with damages of $ 1 billion. Comments Read more	Facebook stock perks up after CEO commits not to sell Fri, 07/09/2012 - 14:55 by Neka Sehgal The spotlight has shone brightly on Facebook in recent weeks for its bungled debut! Comments Read more
Facebook stock drops 5.39%, targets slashed! Sun, 02/09/2012 - 14:45 by Minnie Mahendru Business upheaval for Facebook Inc.! The popular social networking site drooped to a confirmed low on Friday after the price targets of the stocks were slashed by a couple of brokers. Comments Read more	Heineken clinches S$5.6bn deal for Asia Pacific Breweries Sun, 19/08/2012 - 16:59 by Neka Sehgal In a move to trump rival takeover attempts and gain control of one of Asia's most profitable beer markets, Heineken, the world's third-largest brewer raised its bid to buy Singapore's Fraser & Neave Ltd's entire stake in Tiger beer maker Asia Pacific Breweries (APB). Comments Read more	Shamoon malware steals and wipes data after corrupting computers Sat, 18/08/2012 - 15:49 by RESHMI CHAKRAVORTY Security specialists have detected a malware that steals files from infected machines, then renders several computers on a network unusable by overwriting their master boot record. They suspect it is being used to target attacks against specific companies. Comments Read more