Sensex continues strong, up 308 points

MUMBAI – A benchmark index for Indian equities built on its early morning gains and was ruling almost 308 points higher than its previous close in afternoon trade Monday.

Other Asian markets too rallied, strengthening the buying sentiment at the bourse here.
The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened … Read : Sensex continues strong, up 308 points.

World shares climb, following US, as fears of double-dip recession ease

World markets climb as double-dip fears ease

SINGAPORE – World stocks advanced Monday following solid gains in the U.S. as fears eased that the global economy could slip back into recession.
Most investors took heart after the U.S. Labor Department on Friday said private employers added 67,000 jobs in August, more than analysts expected. However, the jobless …. Original source  : World shares climb, following US, as fears of double-dip recession ease.

IGCAR to develop advanced boiler for coal- fired power plants

CHENNAI – The Indira Gandhi Centre for Atomic Research (IGCAR) in Kalpakkam has decided to design and develop a 800 MW advanced, ultra super-critical boiler for use in coal-fired power plants.

IGCAR has signed a Memorandum of Understanding (MoU) with power equipment manufacturer BHEL and power generating company NTPC.
As per plans, IGCAR will design …. Source article on Gaea Times at  : IGCAR to develop advanced boiler for coal- fired power plants.

Oil hovers above $74 a barrel in Asia as traders eye US unemployment, China demand

Oil hovers above $74 as traders eye US economy

SINGAPORE – Oil prices slipped to near $74 a barrel Monday in Asia as traders weighed whether growing Chinese demand can offset weak U.S. fuel consumption amid high unemployment.
Benchmark oil for October delivery was down 25 cents at $74.35 a barrel at late afternoon Singapore time in … Read : Oil hovers above $74 a barrel in Asia as traders eye US unemployment, China demand.

RCom calls off tower deal with GTL Infra

NEW DELHI – Anil Ambani-promoted Reliance Communications (RCom) Monday said it is not going ahead with the merger of its telecom tower arm with GTL Infra and would scout for other prospective investors.

“RCom is engaged in discussions with other strategic and financial investors to pursue a similar transaction aimed at significant reduction in the company’s …. Source article  : RCom calls off tower deal with GTL Infra.

Star of documentary on Japan’s dolphin hunt says activists may need to ease up to end killing

‘The Cove’ star: Dolphin activists need to ease up

TOKYO – The star of an Oscar-winning documentary about a Japanese village’s infamous dolphin hunt said Monday that activists trying to stop the killing might need to back off and allow the Japanese people to tackle the issue themselves.
“The Cove” highlighted the story of a handful of … Read more : Star of documentary on Japan’s dolphin hunt says activists may need to ease up to end killing.

Twinings tells staff to train foreign replacements

LONDON – Employees at a famous tea firm in Britain are in a shock after they came to know that they would have to train foreign workers who will replace them.

Twinings, founded in 1706, announced last year it would be closing its factory in North Shields town with the loss of 263 jobs, the Daily …. Original source  : Twinings tells staff to train foreign replacements.

Star cornerback Darrelle Revis agrees to terms on 4-year deal with Jets

Revis, Jets agree to terms on 4-year deal
NEW YORK – Revis Island is open for business again – just in time for the New York Jets to start their Super Bowl run.

All-Pro cornerback Darrelle Revis and the Jets agreed in principle to a four-year contract Sunday night, reaching a deal a week before the team’s …. Source article on Gaea Times at  : Star cornerback Darrelle Revis agrees to terms on 4-year deal with Jets.

WTO chief wants G20 leaders to discuss pushing forward global trade deal

WTO chief wants G20 push on global trade deal
SEOUL, South Korea – Group of 20 leaders should use their November summit to make a serious push for the conclusion of stalled global trade negotiations, the head of the WTO said Monday.
World Trade Organization talks aimed at a new global commerce pact – the … Read : WTO chief wants G20 leaders to discuss pushing forward global trade deal.

China praises ’sound’ relationship with US during talks with economic, security officials

China praises ’sound, stable’ relationship with US
BEIJING – Senior U.S. and Chinese officials met Monday to steady relations beset by tensions over currency, trade and military affairs.
With crucial elections coming up in November, U.S. President Barack Obama is under huge pressure to kick-start the economy with unemployment at just under 10 percent. China’s …. Source  : China praises ’sound’ relationship with US during talks with economic, security officials.

Using algae to trap carbon dioxide, Orissa show how

NEW DELHI – The green slimy algae can play a major role in reducing carbon dioxide in the atmosphere and cleaning industry-polluted air. The Orissa government is launching a project to capture carbon dioxide using algae, the first such venture in India, with the rising number of industries in the state.

The Rs.95-lakh/Rs 9.5 million project … Read the original article on Gaea Times at : Using algae to trap carbon dioxide, Orissa show how.

Asian shares climb, following US, as fears of double-dip recession ease

Asian markets climb as double-dip fears ease

SINGAPORE – Stocks in Asia advanced Monday following solid gains in the U.S. as fears eased that the global economy could slip back into recession.
Most investors took heart after the U.S. Labor Department on Friday said private employers added 67,000 jobs in August, more than analysts expected. However, the … Read : Asian shares climb, following US, as fears of double-dip recession ease.

Work on first fast-breeder fuel cycle facility next year

CHENNAI – Work on India’s first fast-breeder fuel cycle facility (FRFCF) is expected to start next year with the project’s regulatory clearances reaching the final leg.

“Construction work on the Rs.5,000-crore facility is expected to start in 2011 and get over by the end of the 12th Five Year Plan period,” Baldev Raj, director of …. Original source  : Work on first fast-breeder fuel cycle facility next year.

Pulsar 220 New Model Launched

COLOMBO, SRI LANKA (GaeaTimes.com)- Bajaj Auto which is one of the leading India based motorbike manufacturers has recently launched a revamped version of its popular Pulsar model in Sri Lanka. The revamped Pulsar 220 boasts of a plethora of new features and stylish looks. The new version labeled Pulsar 220 DTS-I has … Read : Pulsar 220 New Model Launched.

Chinese official defends trade policy, says Beijing will boost imports, help world recovery

China vows to boost imports, help world recovery
BEIJING – A Chinese official defended the country’s trade record Monday as a top economic adviser to President Barack Obama visited Beijing amid renewed pressure by American lawmakers over Chinese currency controls.
China’s deputy trade envoy, Chong Quan, rejected complaints that Beijing intentionally boosts its trade surplus …. Original article  : Chinese official defends trade policy, says Beijing will boost imports, help world recovery.

Sensex soars in early trade

MUMBAI – A benchmark index for Indian equities soared in early trade Monday and was ruling 130 points higher within minutes of opening bell.

The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 18,124.29 points, was at 18,352.68 points, 131.25 points or 0.72 percent up from its previous close at 18,221.43 …. Source article on Gaea Times at  : Sensex soars in early trade.

Oil slips to near $74 a barrel in Asia as high US unemployment bodes ill for crude demand

Oil slips to near $74 as US jobless rate rises

SINGAPORE – Oil prices slipped to near $74 a barrel Monday in Asia as a stubbornly high U.S. unemployment rate undermined confidence in stronger demand for fuel.
Benchmark oil for October delivery was down 35 cents at $74.25 a barrel at midday Singapore time in electronic trading …. Read the original article  : Oil slips to near $74 a barrel in Asia as high US unemployment bodes ill for crude demand.

Money Market Operations as on Sep 03, 2010

…. Read the original article  : Money Market Operations as on Sep 03, 2010.

Asian shares climb after solid gains on Wall Street, as US jobs data beats expectations

Asian markets climb after positive US jobs data

TOKYO – Stocks in Asia nudged higher in early trade Monday, after shares in the U.S. rose last week on the back of strong jobs data.
Japan’s benchmark Nikkei 225 stock index was up 1.1 percent, or 96.79 points, at 9211.82. South Korea’s Kospi rose 0.4 percent, or 7.49 …. Source article on Gaea Times at  : Asian shares climb after solid gains on Wall Street, as US jobs data beats expectations.

YouTube launches Hebrew interface

JERUSALEM – Online video sharing website YouTube has launched a Hebrew-language interface in Israel, which will allow the users to view and share Hebrew contents on the website.

The new interface allows customisation of the popular video site in order to properly view Hebrew language content, Xinhua reported quoting the Israel Globes business website.
“Two … Original article on : YouTube launches Hebrew interface.