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Popular Articles

ICICI sells POS business to First Data for $80 mn
Country"s largest private sector lender ICICI Bank has sold its points of sale terminals that accept the debit and credit card payment to First Data Corporation for $80 million (about Rs 400 crore).

Resistance seen around 5,200
The Nifty has pulled back from a low of 4,942 to above 5,100 with support from positive global cues and short-covering. The index today closed at 5,144. Technically, the V-shaped pullback should have halted at around 5,090, but excessive short-covering saw the index close at the 5,144 level. However, the December futures changed hands at the 5,096 level, indicating there were few takers at higher levels.

News of the day

We did not start the tariff war: Airtel
Bharti Airtel chairman Sunil Mittal today said the company had not initiated any tariff war with the launch of per-second billing and was merely responding to the market needs.
Corporate

SpiceJet to be transformed into professional carrier: CEO

Enthused by a 12 per cent growth in traffic in contrast to a decline in the aviation industry, the new CEO of SpiceJet Sanjay Aggarwal has said he would transform the airline from a casual business entity to a professionally-run company within a year. "I have no benchmark in India... When I joined I found the attitude was "Chalta hai" (casual). This is dangerous as there was no recognition for good work and no punishment for lapses...I will change it," he told PTI.


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