TNM

Suzlon Energy posted Net loss of Rs 52.3 crore in Q3

Suzlon Energy posted Net loss of Rs 52.3 crore in Q3  India's first home-grown wind technology company Suzlon Energy, has posted a net loss of Rs 52.3 crore for the nine-month period ending December 31, 2008, against a net profit of Rs 565.28 crore in the year-ago period.

However, the company's total income nearly doubled to Rs 17,499.2 crore from Rs 8,924.3 crore during the same period.

The energy major's profit before tax declined to Rs 272.54 crore in the nine-month period ended December 31, 2008, from Rs 689.63 crore in the year-ago period.

Oracle all set to acquire Sun Microsystems for $7.4 billion

Oracle all set to acquire Sun Microsystems for $7.4 billion US-based software major, Oracle Corporation, on Monday agreed to acquire Nasdaq-listed Sun Microsystems Inc for $7.4 billion at $9.50 per share in an all-cash transaction.

It should be noted that the deal just comes after a week, when IBM's (International Business Machines) plan to buy the maker of Java software fell apart.

Religare raises stake in Vistaar Religare Capital

Religare raises stake in Vistaar Religare Capital Financial

Polaris Software Net profit soars 78.5% in Q4

Polaris Software Net profit soars 78.5% in Q4Chennai-based Polaris Software has finally declared its fourth quarter results on Monday.

The firm posted a 78.5 per cent growth in its net profit at Rs 130.71 crore during the year ended March 31, 2009 against Rs 73.22 crore in the previous year.

The company's Q4 net profit stood at Rs 32.1 crore versus Rs 37.16 crore, QoQ.

Apart from this, the company's total income rose 18 per cent to Rs 337.25 crore in the fourth quarter, from Rs 286.16 crore in the same period last fiscal.

Welspun Gujarat to demerge its Plate-cum-Coil mill into separate entity

Welspun Gujarat to demerge its Plate-cum-Coil mill into separate entitySteel-pipe producer, Welspun Gujarat Stahl Rohren Ltd has announced the demerger of its Plate-cum-Coil mill into a 100% subsidiary.

A senior company executive commenting on latest situation said, "The move will allow better financial control, better fiscal efficiency by rationalization of various applicable taxes, duties and create an independent identity of high-end steel business."

Following the demerger, a separate team with independent board and management would be structured, he added.

Health Disparities Can Reduce with Insurance

Health Disparities Can Reduce with InsuranceAccording to a study from Harvard, universal healthcare coverage could reduce many health disparities in the general population.

The results are a part of the national debate on revamping healthcare to cover uninsured Americans and they showed that health coverage in the form of Medicare eligibility narrowed the health gaps between Americans of different races, ethnicities, and education levels. Previous studies had shown that the people most likely to lack coverage were black, Hispanic, and those with less education.

Reliance Power ties up Rs 14,500 crore for Sasan Ultra Mega Power Project

Reliance Power ties up Rs 14,500 crore for Sasan Ultra Mega Power Project With the help of finances arranged from more than a dozen domestic banks and financial institutions, the Anil Ambani-led Reliance Power Tuesday announced a tie-up of Rs 14,500 crore funds for its Madhya Pradesh-based, Rs 19,400 crore, 3,960 MW Sasan Ultra Mega Power Project.

As per the company officials, the tie-up comprises the biggest-ever debt that has been raised from domestic banks and institutions, for any project among any industry in the country.

Hero Honda reports 35 % rise in 4Q net profit; recommends 1000% dividend

Hero Honda reports 35 % rise in 4Q net profit; recommends 1000% dividend For the quarter ended March, two-wheeler biggie Hero Honda Motors reported an estimate-surpassing 35 percent rise in its net profit! While its fourth quarter year-on-year net profit increased from 298.70 crore to Rs 402.17 crore; the net sales increased from Rs 2788.65 crore to Rs 3411.84 crore.

In fact, beating the overall two-wheeler industry growth rate of nearly 5 percent, Hero Honda - with about half of the two-wheeler market in India - has reported a yearly 13 percent increase in its sales volumes during the quarter.

RBI slashes repo and reverse repo rates; banks intend reducing lending and deposit rates

RBIWith the Reserve Bank of India (RBI) having decided on the slashing of short-term lending and borrowing rates - the repo and reverse repo rates - by 25 basis points apiece in its 2009-10 annual monetary policy, banks intend cutting lending rates, thereby making consumer, home, personal and corporate loans cheaper.

While the repo rate has been slashed to 4.75 percent and reverse repo to 3.25 percent, the other key ratios - like the Cash Reserve Ratio and the deposit-percentage that banks keep with the RBI - have remained unchanged.

Energy Trading Update and Market Outlook: Nirmal Bang

Crude Crude futures in U. S. steadied below $46 a barrel, after falling nearly 9 percent a day earlier as worries about the U. S. banking sector hit equity markets. The U. S. dollar rallied on safe-haven bids.

New York Mercantile Exchange natural gas futures ended down sharply on Monday, as a steep slide in crude, milder weather forecasts and growing supplies pressured the complex despite a rebound in physical prices.

Base Metals Trading Strategy and Commodity Market Update: Nirmal Bang

metalRisk aversion and stronger dollar have victimized base metals complex. We have seen sharp correction in copper, nickel, zinc and lead. Despite of drawdown in inventories, copper prices plummeted on LME.

Industrial metals slid on Monday with copper tumbling about 5 percent as skidding equities underlined concern about the economy and demand, while a stronger dollar exerted downward pressure. Copper inventories in LME warehouses fell by 7,300 tonnes to 462,325 tonnes, having dropped nearly 80,000 tonnes since mid-February. Cancelled warrants stocks earmarked for delivery rose to 68,325 tonnes from 64,400 tonnes on Friday.

Bullion Update and Market Outlook: Nirmal Bang

goldAfter a steep decline in price during last week, demand from India was seen improving due to Akshaya Tritya festival and U. S. stocks broadly dropped more than 3 percent, stirred by worries that problems would persist for the struggling banking sector which led to sharp upside in precious metals. Every time risk aversion has risen, we have seen precious metals moving up.

New Study Finds Paralysis More Prevalent Than Believed

paralysisAccording to a survey published on Tuesday about 5.6 million people in the U. S. have some form of paralysis and nearly a quarter of them have suffered spinal cord injuries.

The survey by Anthony Cahill of the University of New Mexico and colleagues reported that the largest group of 29 % were paralyzed or partly paralyzed by stroke and spinal cord injuries affected 23 %.

The study was funded by the Christopher and Dana Reeve Foundation, which was set up by the actor who was paralyzed in a horse-riding accident in 1995 and died in
2004 while Dana Reeve died from lung cancer in 2006.

Indian Markets close lower due to weak global cues; Repo rate cut fails to cheer

India Stock MarketsThe benchmark indices ended with modest loss and were trading volatile throughout the session. The Sensex closed 81 points lower at 10,898 after hitting an intraday high of 11,068 and low of 10,764. The Nifty was down 12 points to settle at 3,365. It touched an intra-day high of 3,414 and low of 3,309. Among the broader indices the BSE Midcap Index was down 5 points while Smallcap Index shut at up at 17 points. The selling was seen in shares of major banking, capital goods, metal and auto companies and buying was witnessed in select telecom, reality and FMCG sectors. The market breadth was slightly weak and the volumes are on the lower side.

Google unveils two new products – Image Search, News Timeline; refurbishes Google Labs site

GoogleImage Search and Google News Timeline are the two new products that Google unveiled on Tuesday. In addition to these, Google has also refurbished its Google Labs site.

Though seemingly quite interesting, the two new products are not 100 percent refined and are somewhat imperfect in their capabilities - but then, Google says, that's exactly the idea! According to R J Pittman, director of product management for Google's consumer-oriented technology, rather than presenting a perfectly 'complete' product,

Google prefers gathering feedback quickly and making the adjustments required in its new products.

USD Technical Forex Analysis for Forex Traders

GBP USD Technical Forex Analysis for Forex Traders

EURO USD Forex Trading Tips and Analysis for Day Traders

Nokia gearing up to release "updated" Nokia 5800 XpressMusic phone next month

Nokia gearing up to release updated Nokia 5800 XpressMusic phone next month The reports are hot and around that Nokia is planning to update its popular Nokia 5800 XpressMusic phone to compete more effectively with the rivals, such as Apple's iPhone, LG Arena, or Samsung's i8910 (Omnia HD) mobile phones.

Study: Soot is second major source of global warming

Study: Soot is second major source of global warmingSoot or black carbon from mud cooking stoves, used in tens of thousands of villages in India, are turning out to be one of the main causes of global warming - says one of the world's leading climate scientists, Veerabhadran Ramanathan. According to a study by Ramanathan, Soot, the second most pernicious gas, after carbon dioxide, is causing 18 percent of the global warming, while carbon dioxide is responsible for 40 percent of carbon dioxide.

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