Business, Finance & Stock Market updates for May 28, 2007

Mahindra net profit down by 26.5 percent
Indias biggest tractor and utility vehicle producer, Mahindra and Mahindra Ltd revealed today that its quarterly net profits fell by 26.5 percent. ANI

Paswan cracks whip, SAIL revises expansion target capacity to 25 million tons by 2010
The Steel Authority of India Limited (SAIL) has said that it will increase its installed capacity to 24.98 million tons by 2010 from the current level of 13 million tons. ANI

India, UAE for enhancing trade and commercial partnership
India and the United Arab Emirates (UAE) have agreed that there is a need for enhancing bilateral trade and commerical ties. ANI

Infosys looking for acquisitions to expand global footprint
Infosys Chief S. Gopalakrishnan has said that the company has increased its hedging against a rising rupee and is looking at acquisitions. ANI

HOV Services Q4 FY07 Consolidated Net Profit Up 73.7%
Q4 Consolidated Total Income Up 146.3% Concept PR

Datamatics Technologies to Amalgamate IT Operations
Leading non-voice third-party BPO service provider Datamatics Technologies Limited (DTL) (BSE: 532528, NSE: "DATATECH") is moving to leverage synergies of Datamatics Limited, an associate company engaged in IT services. AdFactors PR

Amway India To Launch Touch Points In 300 towns
Hanmer & Partners

Markets close positive despite last hour selling - May 28, 2007
Selling in the last hours of trade has dragged the markets back to almost the opening levels. GetPaidIndia.com

Markets open positive; Sensex gains 170 points - May 28, 2007 - 10:25 AM
Indian stock markets opened on a positive note with the Sensex gaining about 170 points in the early hours of trade this morning. Midcap sectoral index added 79.64 points while Smallcap index added 91.7. NIFTY is at 4286.10 and is up 0.89%. NIFTY JUNIOR is up 1.11%, CNX IT up 0.68% while BANK NIFTY is up 2.05% at few minutes post opening time of the stock market. GetPaidIndia.com