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Friday, June 18, 2010

Top Share Market News

  • Indian telecoms tower firm Quippo-WTTIL said on Thursday it had signed a five-year multi-million dollar outsourcing deal with IBM. 

  • Arcelor Mittal the world's largest steelmaker, is eyeing a stake in Indian steel and wire producer Ramsarup Industries. 

  • Indian energy major Reliance Industries EL may foray into the healthcare sector by buying a 26 percent stake in hospital chain Fortis Healthcare.


  • Bharti Airtel has partnered Cisco and Indian firm Servion to launch hosted contact centre services in India. 

  • Mindtree Ltd said on it received a contract from 'Aadhaar' earlier known as the Unique Identification Project. 

  • The Indian rupee continued to trade largely steady in afternoon session on Thursday tracking a choppy domestic sharemarket and the dollar's gains against major currencies. 

  • India's food price index rose 16.12 percent in the year to June 5, while the fuel price index climbed 13.18 percent, government data released on Thursday showed. 

  • An inter-meeting policy rate hike will depend on volatility and wholesale price-based inflation is not beyond central bank's estimates, a deputy governor of the Reserve Bank of India said. 

  • India inflation at uncomfortable levels - PM adviser. 

  • World stocks fell from this week's one-month high on Thursday and the euro and oil prices dropped as worries about Spain's public finances encouraged investors to cut back on risky assets. 

  • Apple Inc. struggles to meet demand for the latest version of the iPhone, Nokia Oyj is still waiting to ship its only model that may compete. 

  • The Bank of Spain's decision to publish the results of stress tests on the nation's lenders may prompt European neighbors to follow suit as investors demand more disclosure of the risks on banks books. 

  • U.K. retail sales increased more than economists forecast in May as shoppers bought electrical goods.

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