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Popular Articles

Huawei sets eye on three ITI factories
Government’s security concerns about Chinese equipment makers not a deterrent.

SME congregation raises hopes for small, medium industries in MP
The new year may bring fresh influx of foreign buyers for local small and medium-scale industries of Madhya Pradesh. Buoyed by the encouraging response from its earlier MSME buyer-seller meetlast year, state-owned MP Laghu Udyog Nigam (MPLUN) is once again going to organise a three-day mega congregation of SMEs from all over the world at Gwalior from January 16 to 18. The meet will also invite select participants of Prawasi Bharatiya Diwas being organised in New Delhi.

News of the day

Insurers against new tax regime for policies sold before April 2011
Insurance companies have asked the government to shift to the new tax regime under the Direct Tax Code only for those policies sold after the proposed Code came into effect from April 2011.
Small Business

Markets pare gains on spike in inflation

The markets have pared gains in the last few minutes following a spike in inflation numbers. The food inflation for the week ended January 16 spurted 17.40% from 16.80% a week ago. The Sensex is now up 10 points at 16,300, and the Nifty is up eight points at 4,861. ________________________________________________________ UCO Bank seeks shareholders" nod for fund raising Negative view on state-run oil cos: Fitch Jan cement sales in high double-digit The BSE realty index has surged 3%, while metals, IT and healthcare indices have added over 2% each. Wipro has rallied 3.7% to Rs 678. M&M has gained 3.3% at Rs 1046 and DLF has added 3.1% at Rs 327. Index heavyweight, Reliance, has strengthened by 1.7% at Rs 1043. Tata Steel, SBI and HDFC are the other notable gainers. However, Larsen & Tourbo continues to trade weak and is now down 1.7% at Rs 1,435. ITC and Bharti Airtel are also trading weak. The BSE market breadth is positive. Out of 2,667 shares traded on the BSE, there are 1,731 advancing stocks as against 873 declines.


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