Business, Finance & Stock Market updates for September 4, 2008

Inflation slips to 12.34 per cent
Continuing its downward journey inflation further moderated to 12.34 per cent on Thursday for the week ending August 23 compared to 12.40 per cent recorded a week earlier. ANI

Kamal Nath says auto exports to reach 25 billion dollar by next decade
Union Minister of Commerce and Industry Kamal Nath on Thursday said that auto exports from India should reach 25 billion dollar in the next decade. ANI

AVANTA launches its first serviced office centre in India
Avanta, professional leading provider of Serviced Office space throughout the UK - London, Thames Valley, Birmingham Manchester and Edinburgh today launched its first facility in Statesman House, Connaught Place, New Delhi. ANI

World Vision commits Rs. 8 Crore for Bihar flood survivors
World Vision India today committed Rs. eight crores to respond to the mounting challenges facing the survivors of Bihar floods. ANI

Vanu, Inc. closes 32 million dollar investment
Vanu, Inc., a leading provider of software radio infrastructure solutions for cellular operators, today announced a 32 million dollar venture capital investment. ANI

Dr. Shan Nair of Nair and Co. wins Gullands Excellence Award
Dr. Shan Nair, Co-founder of Nair and Co., a leading global integrated solution provider helping companies expand internationally, will accept the Gullands Excellence Award presented by the NRI Institute for his contributions in the science and IT sectors on September 27. ANI

IBM, Intel, Microsoft target micro finance for social, capital Returns
Increasingly, mainstream technology firms like IBM, Microsoft and Intel are looking at the microfinance customer base and seeing an opportunity for new clients-microfinance institutions and their borrowers-and a way to help people who normally cant afford to buy their products. ANI

China and Iraq sign oil mega-deal
China National Petroleum Corporation (CNPC), Asias biggest oil and gas company, has signed a three billion dollar agreement to develop and operate Iraqs al Ahdab oil field under a 20-year service contract. ANI

Microsoft Announces Tools to Help Customers Realize Benefits of Virtualization
Business Wire India

Mainstream Technology Firms IBM, INTEL, MICROSOFT Target Microfinance for Social, Capital Returns
Business Wire India

DRN India Team from HCC Reaches Bihar for Relief Operations
Business Wire India

AVANTA Launches its First Serviced Office Centre in India
Business Wire India

World Vision Commits to Rs. 8 Crore to Prepare for Mounting Challenges Facing the Survivors of the Bihar Floods
Business Wire India

Keki M Mistry, Vice Chairman & MD, HDFC Joins Shrenuj Board as Independent Director
Business Wire India

STAR Cricket to Telecast Twenty20 Between India and England Women's Cricket Teams
Business Wire India

Manipal Institute of Technology Makes India Proud by Launching "Formula Manipal"
Business Wire India

Expand Networks to Acquire NetPriva
Business Wire India

Dr. Shan Nair of Nair & Co. Wins the Gullands Excellence Award
Business Wire India

Fitch Rates Sukhoi Civil Aircraft Company 'BB+'; Outlook Stable
Business Wire India

Harvard Business Publishing's Peter McAteer Selected to Give Opening Message at Talent Management Conference in Manila
Business Wire India

Shanghai Century Acquisition Corporation Issues Correction for Amount of Liquidation Distribution
Business Wire India

CUP Data Signs Processing Agreement with Citibank
Business Wire India

Callaway Golf Company Declares Dividend
Business Wire India

HP Encourages CIOs to Rethink Virtualization in Business Terms
Business Wire India

Gemalto Supports ING's Setting Up in Poland with Personalization Services
Business Wire India

DVD6C Announces Royalty Reduction for DVD Decoder and DVD Encoder
Business Wire India

T-Mobile UK Selects WNS Philippines to Provide Customer Care
Business Wire India

Vanu®, Inc. Closes $32 Million Investment
Business Wire India

Covidien Launches Evident(TM) Microwave Ablation System Offering Surgical Oncologists and Interventional Radiologists Fast, Efficient Tool to Ablate Soft Tissue
Business Wire India

GIREM announces growing list of elite speakers
GIREM Urban Planning and Real Estate Leadership Summit at Goa from September 18 - 20, 2008 Equator PR

Markets manage to close without much selling pressure
Yet another day gone without much damange. The day opened in the red much like its Asian peers, attempted recovery but failed and finally closed in the red with the Nifty slipping about 1.25% and Sensex about 1% at the end. GetPaidIndia.com

Markets failing to sustain attempts to inch into green
Attempts by the indices to get to the green continue to fail during the last hour of trade. CNX Nifty is at 4447 down 1.26% while BSE Sensex is at 14866.48 down 1.22%. BSE Realty index is down over 3.22% Thursday, September 04, 2008 2:35:52 PM IST GetPaidIndia.com

HCL to offer a counter bid for Axon acquisition; Realty more deeper in red
HCL Technologies is buzzing after news came out that HCL is working with its advisors (ML) and Bankers (Stan Chart) for a possible counter bid to acquire Axon. The NSE Nifty is down 1.37%. CNX IT and Bank Nifty are margianlly in the red. BSE Sensex is down 196 points and is at 15049 levels. Thursday, September 04, 2008 1:27:34 PM IST GetPaidIndia.com

Markets recover a bit; BSE IT, Auto indices in green
The markets made a solid effort to recover. The BSE IT and Auto indices have now come into the green. Banking stocks, lead by ICICI Bank are buzzing. Thursday, September 04, 2008 12:38:12 PM IST GetPaidIndia.com

ONGC Videsh Ltd to be listed in 2009; Markets attempt recovery
Oil major ONGC is now thinking and evaluating about the possible listing of ONGC Videsh Ltd or OVL sometime in 2009. The stock markets meanwhile made an attempt to recover from the red. The Nifty is down 1.65% at 4429 while BSE Sensex is down 1.26% at 14859. Thursday, September 04, 2008 11:24:17 AM IST GetPaidIndia.com

Markets in red awaiting a clear direction
The Indian stock markets opened their in the red cooling from the bull rally on Tuesday. NSE Nifty is down 1.84% at 4421. The BSE Sensex is down 251 points at 147980. Thursday, September 04, 2008 10:25:31 AM IST GetPaidIndia.com