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Market up on Fed remark, Infosys result

Stocks: US Federal Reserve decision to continue with the easy-money policy and better-than-expected Q1 results from IT major Infosys kept the market tempo upbeat for the third straight week as both the key indices surged by over two per cent to end at nearly six-week high.

Gold spikes on brisk investment demand; silver reclaims 42k

Notwithstanding the global sluggishness, gold rebounded at the domestic bullion market here on Saturday due to heavy speculative and investment demand amid fresh bout of buying from jewellery makers.

HC notice to Purti Group firm on I-T plea in tax case


The Mumbai high court bench has issued a notice to a sugar firm linked to BJP leader Nitin Gadkari-founded Purti Group on an income-tax department appeal in a case of submission of alleged incorrect financial details.

3,000 moved to safer places in Thane; 3 washed away in floods

Three persons were reportedly washed away in floodwaters, while over 3,000 people were shifted to safer places as heavy rains disrupted normal life in Thane district on Friday.

Heavy rains throw life out of gear in Mumbai

Heavy rains continued to lash Mumbai and adjoining areas for the second day on Friday, impacting movement of suburban trains and vehicular traffic and throwing normal life out of gear.

Sensex fails to maintain initial gains, still up 147 points

Surrendering over half of its early gains, the Bombay Stock Exchange benchmark sensex on Friday rose by 147 points in late morning trade on the back of buying in IT and technology sectors as Infosys posted better-than-expected first quarter earnings.

Infosys in talks with clients on US immigration bill

Infosys on Friday said it is in discussion with clients for a contingency plan to ensure business continuity in the event of the US immigration reforms bill becoming a law.

Sensex at one-week low; down 145 points

The BSE benchmark sensex today lost over 145 points to close at a fresh one-week low, pulled down by fag-end selling in bluechips, including RIL, M&M and Bajaj Auto, in line with weak trends in Asian and European markets.

13 die in Andhra building collapse

At least 13 people were killed and 18 others injured when the 90-year-old two-storeyed building of City Light Hotel and Bakery collapsed at RP Road in Secunderabad on Monday.

Haleem kilns led to mishap?

Haleem-making bhattis that were illegally built on the upper floor of the City Light Hotel and Bakery here could have led to the collapse of the 90-year-old structure, according to officials.

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I want to begin with a little story that was told to me by a leading executive at Aptech. He was exercising in a gym with a lot of younger people.

Shekhar Kapur’s Bandit Queen didn’t make the cut. Neither did Shaji Karun’s Piravi, which bagged 31 international awards.