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Home / Business News / 2008 / February 2008 / February 11, 2008
Business News for February 11, 2008, Finance & Stock Market updates for February 11, 2008

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Karnataka High Court orders Ramoji Rao to appear in Ballari Court

CCEA approves scheme on National Mission on Medicinal Plants

Magnets could keep sharks at bay!

Pammie was first choice for X-Files lead role!

Chidambaran says government to speed up reforms

ICC chief Haroon Lorgat to meet the media in Colombo

Bossy parents cause older teens to indulge in more sex

Aussies turning in droves to alternative therapies

Business News for February 11, 2008, Finance & Stock Market updates for February 11, 2008

Bangladesh lifts ban on export of Hilsa fish
Foodies in Kolkata deprived of chicken due to the incidence of bird flu and feeling deprived of their cherished Hilsa (a fish variety) after Bangladesh banned export to India, can finally relish the delicacy, as the ban has been lifted. ANI

Peter Mukherjees NewsX channel slated for major launch
Contrary to all kinds of negative news circulating in the media about the NewsX television channel, it is absolutely on line to be launched at an early date, and is now in the process of hiring the best of talent available in the media to target its high-end viewers. ANI

India, Maldives sign agreement on science and technology
India and Maldives today signed a bilateral agreement on cooperation in the field of science and technology. ANI

Reliance Power effect: Sensex sheds 863 points
The day on which Anil Dhirubhai Ambani Groups Reliance Power was listed, the 30-share sensitive index (Sensex) of the Bombay Stock Exchange opened with a negative gap of 38 points and closed at 16, 631 after losing 863 points. ANI

SBI cuts prime lending rate by 0.25 percent
The State Bank of India (SBI) today slashed prime lending rate (PLR) by 0.25 per cent to 12.50 percent. ANI

Camden market fire has claimed at least 300 businesses
At least 300 businesses could be lost due to Saturday nights fire in Londons famous Camden Market. ANI

AutoNagar.com opens its first offline centre in Ludhiana
AutoNagar.com, a fast growing auto portal in India, opened its first offline centre in Ludhiana today. ANI

Content-based social networking site Corners unveiled today
An exciting new content-based social networking site branded Corners (http://www.corners.in) was unveiled today. ANI

Lomanika.com introduces online booking for remotest hotels in India
All your travel twinges can be put to the bay by logging on to one site, Lomanika.com (http://www.lomanika.com), with more than 2000 hotels from Indias metros as well as remotest regions has been launched by Indsoft Systems, Indias one of largest online solution company. ANI

Reliance Power trading below its listing price on BSE, NSE
Anil Dhirubhai Ambani Groups Reliance Power stock, that was listed at 548 rupees on the Bombay Stock Exchange (BSE), was trading at 417 rupees, a discount of 33 rupees, at 1200hrs. Around 34 million shares were either sold or bought so far on the exchange. ANI

Russell Reynolds Associates expands global presence with Mumbai office
Global executive search and assessment firm Russell Reynolds Associates today announced that it is expanding its existing presence in India with the opening of a new office in Mumbai. ANI

Cincom Synchrony wins Best of Show Award
Cincom SynchronyTM (www.cincom.com/synchrony) won a Best of Show award at Technology Marketing Corporations (TMC) Internet Telephony Conference and EXPO East 2008 recently held at the Miami Beach Convention Center. ANI

Reliance Power lists at Rs 548 on BSE, at Rs 530 on NSE
Anil Dhirubhai Ambani Groups Reliance Power on Monday listed at 548 rupees, which is a premium of 27.4 per cent to its issue price of 450 rupees, on the Bombay Stock Exchange (BSE), while it listed at 530 rupees on the National Stock Exchange (NSE). ANI

Cincom Synchrony Wins "Best of Show" Award at INTERNET TELEPHONY Conference and EXPO East 2008
Business Wire India

Lomanika.com Introduces Online Booking for Remotest Hotels in India
Business Wire India

Content Based Social Networking Site "Corners" (www.corners.in) Unveiled Today
Business Wire India

AutoNagar.com Opens its First Offline Centre in Ludhiana
Business Wire India

Knowledge Capital Services Appoints Business Wire India as the Official News Distribution Partner for Innovation & Strategy Forum
Business Wire India

Citi and IFC to Support Expansion of BRAC's Micro Lending in Bangladesh
Business Wire India

ISA Vision Summit is Scheduled for February 18 & 19, 2008 in Bangalore
Business Wire India

Russell Reynolds Associates Expands Global Presence with Mumbai Office
Business Wire India

Defrag for Optimal Performance
Business Wire India

Gemalto Supports Orange Business Services in Bringing Sense to Mobile Communications and PC Convergency on the B2B Market
Business Wire India

Sybase 365 AvantGo Featured on Multimedia SIM Cards by Gemalto
Business Wire India

Micron Samples Industry's Fastest Mobile DRAM, Extending its Broad Mobile Portfolio
Business Wire India

Vitesse Advances Next-Generation Carrier Network Solutions with Introduction of World's First Synchronous Ethernet Gigabit Transceiver
Business Wire India

Apar Industries acquires strategic stake in Uniflex Cables for Rs 50 crores
Synergistic acquisition of strategic stake to enable company to cater to the end-to-end requirements of the booming power transmission and distribution sector Adfactors

D-Link unveils Wireless Router for broadband connection
DIR-300 is an entry-level Wireless G router for home and small office users. D-Link

US markets switch course during later part of trading day, closes in green
The US Markets that were weak during the first few hours reversed their course during the later part and closed the day in the green. NASDAQ is up 0.66%, DJIA up 0.48%, S&P 500 is up 0.59% Closing Bell GetPaidIndia

US Markets trading volatile on Monday morning
Volatility continued to be the norm in almost all markets of the world come Monday morning and the US markets seems to be no exception. NASDAQ rose just few minutes of the opening bell but fell into the red territory before rising upwards by the time the first hour trades are done. 11:10 AM IST

Indian markets take a deep correction
The Indian markets continued the Global queues and had a weak opening. The weakness however intensified very badly that few attempts to recover did not succeed. Nifty finally closed down 5.14% while Sensex closed down by 4.78%. GetPaidIndia

Indian markets open weak, Reliance Power lists at Rs. 525
The Indian Stock Markets opened weak this morning. Nifty is down 1.48% and is at 5044.4 levels. Sensex is at 17,285.93 down by 178.96 points and is down 1.02%. Almost all Sensex sectoral indices except for the IT are down. GetPaidIndia

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