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Posted by IANS-CT in Featured, Finance on 01 23rd, 2010 | No Comments

Stock Market Weekly Review: Sensex drops 694 points this week

Stock Market Weekly Review: Sensex drops 694 points this week
A benchmark index of Indian equities lost 694 points this week, ending the week in red for the first time this year with domestic and foreign traders choosing to step on the selling pedal. The selling was rampant across broader markets as well, which in recent weeks had managed substantial gains. The...
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Posted by IANS-CT in Finance on 01 23rd, 2010 | No Comments

Vijaya Bank’s net profit down by 26 percent in Q3 2009

State-run Vijaya Bank reported a net profit of Rs.125 crore for the October-December third quarter of fiscal 2009-10, down 26 percent from the Rs.159 crore in same period a year ago. "Our numbers need to be seen in the light of subdued earnings from treasury during the third quarter in the face...
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Posted by IANS-CT in Finance on 01 23rd, 2010 | No Comments

Extreme poverty in Mexico, Central America rose by 800,000

The number of people living under conditions of extreme poverty in Mexico and Central America rose by 800,000 in 2009, according to figures made public by the Economic Commission for Latin America and the Caribbean (ECLAC). The head of that UN body in Mexico, Hugo Beteta, told reporters that this category...
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Posted by IANS-CT in Finance on 01 23rd, 2010 | No Comments

Ancient Egyptian mummies suggest Egyptians suffered heart attacks 3,500 years ago

Ancient Egyptian mummies, some as old as 3,500 years, showed hardening of arteries, suggesting that heart attacks and stroke afflicted the ancients too. "Atherosclerosis, despite differences in ancient and modern lifestyles, was rather common in ancient Egyptians of high socio-economic status living,"...
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Posted by Ankan Basu in Finance on 01 22nd, 2010 | No Comments

Sensex loses 423 points on L&T results Thursday

Traders stepped on the selling pedal at Indian equities markets Thursday amid blue-chip scrip L&T announcing disappointing results, leading to a key index falling 423 points. The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 17,474.49 points, closed at 17,051.14...
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Posted by Ankan Basu in Finance on 01 22nd, 2010 | No Comments

ICICI Bank reports 13 percent drop in net profit for 3rd quarter 2009

The country’s largest private lender ICICI Bank Thursday reported a 13.4 percent fall in net profits for the third quarter ending Dec 31 at Rs.1,101 crore compared to Rs.1,272 crore posted in the like quarter last fiscal. Total income of the bank also took a hit, slipping to Rs.7,762.7 crore in...
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Posted by Ankan Basu in Finance on 01 22nd, 2010 | No Comments

China’s economy expands 8.7 percent in 2009

China’s economy expanded 8.7 percent in 2009 from a year earlier, indicating that China has achieved its full-year growth target of 8 percent for 2009, according to official data. The gross domestic product (GDP) reached 33.54 trillion yuan ($4.91 trillion) in 2009, Ma Jiantang, director of the...
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Posted by Ankan Basu in Finance on 01 22nd, 2010 | No Comments

Spanish PM Jose Luis Rodriguez Zapatero: EU needs grand social pact to emerge from recession

The European Union needs a "grand social pact" between business and labour to ensure recovery from the recession, Spanish Prime Minister Jose Luis Rodriguez Zapatero has said in a speech to the European Parliament here. Zapatero travelled to Strasbourg to outline Wednesday his agenda for Spain’s...
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Posted by IANS-CT in Finance on 01 22nd, 2010 | No Comments

US strategic think tank India’s will grow in uneven manner

Calling India a "a country of endless unrealised potential," a strategic think tank has suggested that in the 2010s it "will grow, but in a wildly unpredictable and uneven manner" leaving "fantastic expectations" unrealised. "India has always been a country of endless...
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Posted by IANS-CT in Finance on 01 21st, 2010 | No Comments

Sensex plummets 319 points-Indian Stock Market news

A benchmark index of Indian equities slipped further into the red about an hour before closing bell Thursday and was ruling 319 points lower. The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 17,474.49 points, was at 17,130.76 points, down 343.73 points or 1.96...
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