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Popular Articles

Unitech Wireless raises Rs 5,000 cr for network roll out
Unitech Wireless, the joint venture between realty major Unitech and Norway"s Telenor, has raised Rs 5,000 crore as loan from State Bank of India to finance the roll-out of its network as the firm will be launching mobile services in next three months.

Narayana Murthy mulls investment in green VC fund
N R Narayana Murthy, co-founder and chief mentor of India"s second-largest IT services provider Infosys Technologies, is planning to invest in US-based clean technology venture capital (VC) fund Siderian Ventures.

News of the day

Next stop Karnataka?
The BJP leadership fears the Congress party is likely to try and topple the Yeddyurappa government in Karnataka. With former chief minister and Janata Dal (Secular) leader H D Kumaraswamy knocking at the Congress door, the Karnataka Congress is waiting for the signal from the party high command to begin Operation Topple after the Budget session is over. Part of the plan, it appears, is to put pressure on business houses close to the Yeddyurappa government to distance themselves from the government.
Corporate

Pre-market: Bias still negative

The markets are likely to open on a flat note this morning on the back of mixed global cues. The indices yesterday attempted a pullback but eventually ended with marginal gains as selling pressure persisted on every rise. The bias is still negative as the Sensex has closed below its recent support of 16,925-16,940. Today, the index may seek support around yesterday"s low below which the index is mostly likely to target 16,200 in the coming days. On the up side the index will face resistance around 17,000-17,050.


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