New IT park in city
Pacifica Companies, the US-based $2 billion group with interest in real estate and property development, would set up its first IT project in India at the Chennai’s IT corridor on the Old Mahabalipuram Road (OMR).
       Spread over 7.29 acres at Navalur on the mainstream IT corridor, Pacific Tech Park would have a built up area [...]
Sensex hits record high in early trade, up 87 points
The benchmark index hit a record high of 13,486.74 points in early trade on Wednesday on sustained buying by foreign funds and domestic investors, fuelled by firming global markets.
The BSE-30 share Sensex, which rose by 116 points on Tuesday, was up by by 87.74 points at 13,486.74 five minutes after opening.
Similarly, the National Stock Exchange [...]
Videocon snap up Daewoo consumer electronics group
Videocon Industries Ltd. will be catapulted among the top ten consumer electronics companies in the world with the acquisition of the sick Korean giant Daewoo consumer electronics group. Videocon on Monday said a consortium led by it has reached an agreement to acquire South Korea’s debt-burdened Daewoo Electronics for $713 million (Rs 3,210 crore). The [...]
Sensex drops 44 points on profit taking
MUMBAI: A new milestone eluded the Sensex on Tuesday, though it moved tantalisingly close to the 13000-level, as profit taking by funds and general investors pulled it down by 44 points.
The market barometer Sensex literally came close to the much-awaited 13000-level when it rose to the intra-trade record high of 12994.45 on hopes that India [...]
