Microsoft sets three-week deadline for Yahoo

Published in April 6th, 2008

Microsoft Corp. set the clock ticking for Yahoo Inc. to accept its $41-billion (U.S.) buyout offer in a letter to the Internet pioneer’s board Saturday, warning that if a deal wasn’t reached by April 26 the software maker would launch a hostile takeover at a less attractive price. “If we have not concluded an agreement [...]

What’s pushing the inflation rate up?

Published in April 6th, 2008

Posted by P@$$iØÑ\/@i(3H@\/ in india

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Inflation is a measure of rise in general price levels of goods and services. Inflation is measured by taking a set of goods and services, and then the prices of the items in the set are compared to prices one time period ago.
In India, inflation is measured based on the wholesale price index (WPI) which [...]

Inflation at 7%; brace up for tough fiscal measures

Published in April 5th, 2008

Posted by P@$$iØÑ\/@i(3H@\/ in india

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Inflation has hit a 3-year high and stands at 7% versus 6.68% for the week ended March 22 . The market had estimated it at 6.52%.
The vegetable prices are up 4.9% for the week-ended March 22, while the primary articles WPI (Wholesale Price Index) is 1.8% for the same week end. The minerals WPI is [...]

Airtel tests 3G services; set to launch operations

Published in April 5th, 2008

Posted by P@$$iØÑ\/@i(3H@\/ in telecom

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Bharti Airtel on Tuesday said it has successfully tested 3G applications with various equipment suppliers and is all set to start services as and when the spectrum was allocated.
“We have tested 3G applications at three places – Delhi, Mumbai and Bangalore – on a trial indoor spectrum given to us,” Bharti Airtel President (Mobility) Sanjay [...]

Get ready to board new look Rajdhani, Shatabdi Express

Published in April 5th, 2008

Posted by P@$$iØÑ\/@i(3H@\/ in railway

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Rajdhani Express and Rajdhani Express and Shatabdi Express would soon sport a designer look. Indian Railways have engaged National Institute of Design (NID) to spice up the upholstery and coach interiors of the two high-end trains. Northern Railways are getting ready to run the trains with [...]

BSE launches Sensex Futures in the US

Published in April 5th, 2008

Posted by P@$$iØÑ\/@i(3H@\/ in stock market

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The Bombay Stock Exchange (BSE) on Friday launched trading of Sensitive Index-based Futures on the US Futures Exchange (USFE) in Chicago amid what was described as a “lot of excitement” among emerging market hedge fund managers and other US investors.
The electronic trading began without any formal ceremony signalling the beginning of an era of global [...]

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