The 30 share index, Sensex gained 333.88 points to 9,634.74 in the week ended Feb. 13, 2009. On the other hand, the broad based NSE Nifty gained 196.25 points to 2,874.80 in the same period.
The bulls showed strong performance on three of the five trading sessions, due to fairly strong trend on the worldwide stock markets.
Master blaster Sachin Tendulkar expressed reservation on the referral system in ICC due to lack of conviction and decided to distance himself from India's Twenty20 matches against New Zealand later this month.
Tendulkar said, "I was in Sri Lanka last year when the referral was introduced on an experimental basis. There was an element of uncertainty and I was not convinced."
Former Indian Cricket team captain Kapil Dev condemns BCCI, while appearing before the registrar of Delhi High Court, for dragging his name in match fixing controversy in the court and lash out at cricket body for victimizing players joining ICL against its wishes.
The case was filed by the former all rounder, captain of world cup winning team of India, against BCCI, for stopping pension of players joining Indian Cricket League.
Government has asked Indian outsourcing MNCs, hit by slowdown, to explore domestic market, a potential segment that required being to be contemporary of technology, to overcome low demand situation aroused in the wake of global financial crisis.
Commerce Minister, Kamal Nath, while addressing a conference of Software and Services Companies (NASSCOM) in Mumbai, said, "The current global downturn is an opportunity for India's IT industry to look inwards. There is a huge reservoir (of business) to be tapped" across rural India."
India's largest steel company, Tata Steel hopes early recovery of normalcy in steel market, the worst hit segment due to decline in auto sales and customer spending, under the impact of global slowdown and recession like conditions across the world.
Hinduja group owned Commercial vehicles manufacturer, Ashok Leyland has announced various measures to tackle situation caused under the impact of global slowdown, including reshaping of its investment plans from Rs 3,200-3,300 crore to Rs 2,000 crore, cost cutting measures, salary cut and retrenchment in some segments.