TRAI 2G pricing recommendations by October-end

NEW DELHI – The telecom regulator would come out with new recommendations on the pricing of 2G (second generation) spectrum by this month-end, Telecom Regulatory Authority of India (TRAI) Chairman J.S. Sarma said Monday.

We are more or less coming to a close to our work… I suppose very shortly, said Sarma. On being … Read this article on Gaea Times at : TRAI 2G pricing recommendations by October-end.

RBI Reference Rate for US $ and Euro

The Reserve Bank of India’s Reference Rate for the US dollar is ` 44.46 and the Reference Rate for Euro is ` 61.85 on October 19, 2010. The corresponding rates for the previous day (October 18, 2010) were ` 44.26 and ` 61.45 respectively. Based on the Reference Rate for US …. Original article  : RBI Reference Rate for US $ and Euro.

Liquidity Adjustment Facility : Auction Results

The results of the RBI Repo/Reverse Repo auctions held on October 19, 2010 are:

Amount (face value in ` crore)                          

Item

1 day Reverse Repo Auction (Sale of securities by RBI)

1 day Repo Auction 
…. Original article on Gaea Times at  : Liquidity Adjustment Facility : Auction Results.

Dip in Pakistan’s onion exports to benefit India, China

ISLAMABAD – Indian and Chinese onion exporters will get a major share of the global onion market this year as Pakistani exports are set to drop due to extensive damage to the crop caused by the heavy rains in the country, say experts.

Heavy rains at the time of sowing have damaged … Original article on : Dip in Pakistan’s onion exports to benefit India, China.

IBM net income up 12 percent boosted by BRIC sales

WASHINGTON – Buoyed by strong performance in Brazil, Russia, India and China as well as solid sales of analytics software and services, the third-quarter net income of International Business Machines Corp (IBM), rose 12 percent to US$3.6 billion.

While total revenue reached $24.3 billion, a jump of 3 percent, revenue in the four BRIC countries …. Original article on Gaea Times at  : IBM net income up 12 percent boosted by BRIC sales.

Going nuclear is a 100-year commitment: IAEA official

CHENNAI – Even as 60 more countries in the world have shown interest to embrace nuclear power to meet their energy needs, only one third of these may generate atomic power, says an official of the International Atomic Energy Agency (IAEA).

“Nuclear power is not like any other mode of power. Going nuclear is a … Original source on Gaea Times at : Going nuclear is a 100-year commitment: IAEA official.

Tokyo shares rise on US rally

TOKYO – Tokyo stocks gained in mid-morning trading Tuesday as gains on Wall Street boosted investor sentiment, but the yen’s strength weighed on the market.

The benchmark Nikkei 225 Stock Average gained 50.44 points, or 0.53 percent, to trade at 9,548.93 while the broader Topix index was up 3.61 points, or 0.43 percent, at 834.13.
…. Source  : Gaea News Network.

Sensex dull in morning trade

MUMBAI – A benchmark index of Indian equities Tuesday was ruling flat in morning trade, having slipped from its opening highs.

The 30-share sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 20,298.55 points, was ruling at 20,139.59 points, down 29.3 points or 0.15 percent from its previous close at 20,168.89 points.
…. Read the original article  : Sensex dull in morning trade.

Financial stocks lead US market upswing

WASHINGTON – Financial shares boosted the major US market indices Monday, leading the S&P 500 to a five-month high.

Citigroup, which is 12 percent owned by US taxpayers, rallied 5.4 percent after its earnings topped estimates.
The blue-chip Dow Jones gained 80.91 points, or 0.73 percent, to close at 11,143.69. The Standard and Poor’s 500 … Original article on : Financial stocks lead US market upswing.

Money Market Operations as on October 18, 2010

…. Original article on Gaea Times at  : Money Market Operations as on October 18, 2010.

Microsoft’s Chief Software Architect Ozzie Ray Resigns

NEW YORK (GaeaTimes.com) — Today, Microsoft announced that their Chief Software Architect Ozzie Ray will resign and leave the company after his transition period. CEO, Steve Balmer said that Ozzie would remain on board for a while and then he would leave the company.
Ray will be focusing more on the entertainment arena where Microsoft …. Read the original article  : Microsoft’s Chief Software Architect Ozzie Ray Resigns.

CFA Warns Consumers against Online Payday Loan Sites Scams

NEW YORK (GaeaTimes.com) — The Payday loan system, despite of it’s simplicity, poses a serious threat to it’s consumers. Not only the high interest rate effects the financial conditions of a borrower, but some of the online lenders are exploiting their customers in broad daylight. Recently Consumer Federation of America (CFA) has warned people to … Original source on Gaea Times at : CFA Warns Consumers against Online Payday Loan Sites Scams.

Apple reports record earnings, revenue

SAN FRANCISCO – Apple reported record profits and revenue Monday as sales of its iPhones and Macs rose sharply, and consumers snapped up more than four million iPads.

Apple said it earned $4.31 billion in the quarter compared to $2.53 billion a year ago. Revenue rose to $20.34 billion compared to $12.21 billion a year … Read more >>>.

IBM reports 12-percent profit boost

SAN FRANCISCO – IBM posted a 12-percent increase in third-quarter profits Monday as revenue jumped in the company’s key growth markets of Brazil, Russia, India and China (BRIC).

The technology giant known as Big Blue said it earned $3.59 billion in the quarter, compared to $3.21 billion a year ago. Global revenue rose three percent …. Original article on Gaea Times at  : IBM reports 12-percent profit boost.

Malaysia, UAE vow to strengthen ties

Kuala Lumpur, Oct 18 (IANS/WAM) Malaysia and the United Arab Emirates Monday vowed to strengthen bilateral relations, particularly in the areas of economy, tourism and investment.

At a meeting with Malaysian Prime Minister Najib Tun Razak here, visiting UAE Foreign Minister Sheikh Abdullah Bin Zayed Al Nahyan expressed his country’s keenness to improve relations and … Read more : Malaysia, UAE vow to strengthen ties.

Communist Party of China sets agenda for five years (Roundup)

BEIJING – The ruling Communist Party of China (CPC) Monday vowed to make vigorous efforts to promote political restructuring and said measures would be taken to improve living standards across the country.

The decisions were taken at a meeting of the CPC central committee to determine the country’s development agenda for the next five years [..] Read the original article: here.

Patil to give away Jamnalal Bajaj awards

MUMBAI – President Pratibha Patil will Oct 28 confer the Jamnalal Bajaj awards for the year 2010, an official here said Monday.

“These annual awards are given out to recognise and suitably honour the efforts of the men and women who have dedicated their life to Gandhian constructive work and the ideals which Jamnalal Bajaj …. Source  : Patil to give away Jamnalal Bajaj awards.

India, Sudan ratify investment promotion agreement

NEW DELHI – India and Sudan Monday ratified a bilateral investment promotion and protection agreement, which was signed seven years ago to strengthen economic relations.

Govind Mohan, joint secretary (infrastructure and investment) in the finance ministry, and Sudanese Ambassador to India Khidir Haroun Ahmed signed the instruments of ratification here.
India has so far …. Source article  : India, Sudan ratify investment promotion agreement.

Essar Oil Q2 net profit Rs.1.3 billion

MUMBAI – Essar Oil Monday reported a net profit of 1.3 billion for the quarter ended Sep 30 as against net loss of Rs 0.94 billion for the same period last fiscal.

The total income rose by 14 percent at Rs.109.64 billion compared to Rs.96.03 billion same period last year, the company said in [..] Read the original article: here.

India, US to ink aviation safety pact

NEW DELHI – India and the United States are in the process of entering into a bilateral agreement which would lead to mutual acceptance of aeronautical products developed in either countries, the civil aviation ministry said Monday.

The two countries have completed two key processes prior to signing of the pact, Bilateral Aviation Safety Agreement …. Source  : Gaea News Network.