| Stock
markets recover, Sensex up by 4.17 pts during the week
|
Mumbai,
May 17:
Stocks: Shrugging off sustained rise in inflation and high global
crude oil prices, the benchmark Sensex recovered major part
of its last week's losses and closed up by 4.17 per cent during
the week under review.
|
| Reliance
Infratel to dilute 5% in pre-IPO placement
|
New
Delhi, May 17:
The Anil Ambani group company Reliance Infratel is diluting
5% stake to a clutch of American and European investors in a
pre-IPO placement, a deal that values the company ...
|
| Oil
nears $128 as Saudi rejects US plea
|
New
York, May 17:
Oil shot to a record high near $128 a barrel on Friday after
Goldman Sachs, the most active investment bank in energy markets,
forecast a continued spike in prices through the end of the
year due to thin supplies.
|
| Motorola's
chief strategy and tech officer quits
|
New
York, May 17:
Rich Nottenburg, Motorola Inc's chief strategy and technology
officer, has become the latest senior staff member to exit since
activist investor Carl Icahn strengthened his influence, a spokeswoman
said on Friday.
|
| Wheat
procurement crosses 19.5 mt
|
New
Delhi, May 17:
Wheat procurement has crossed 19.5 million tonne in the current
season till Thursday against the targeted 15 million tonne,
owing to record production and higher minimum support price
of the foodgrain.
|
| Microsoft's
Yahoo Bid Fails
|
New
York, May 17:
A combined Microsoft-Yahoo would create a powerful competitor,
and Google early on indicated that it would fight the merger
on antitrust grounds in Washington and Brussels.
|
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