India’s premier ICT event kicks off in tech hub Bangalore

BANGALORE – India’s premier information and communication technology (ICT) event “Bangalore IT.biz 2010″ got underway in this tech hub Thursday on an upbeat note, with the IT industry returning to the growth path after a year of downturn.

With “Billion-strong Empowered by ICT” as the theme of the conference, the inaugural session of three-day event …. Original article  : India’s premier ICT event kicks off in tech hub Bangalore.

Cigarette butts mean money in Chinese city

BEIJING – A city in China has begun offering money to its residents who pick up discarded cigarette butts as part of a campaign to keep its streets clean. Over seven million cigarette butts have already been collected.

The unique initiative was launched in Xianyang city in Shaanxi province.
Hou Xi’an, an official, said: “We …. Original article on Gaea Times at  : Cigarette butts mean money in Chinese city.

Sensex moves up in afternoon trade

MUMBAI – After remaining range-bound for most part of the morning session, a benchmark index of Indian equities Thursday moved up in afternoon trade. Broader markets were, however, dull on the futures expiry day.

The 30-share sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 20,116.49 points, was ruling at 20,096.78 points, …. Source article  : Sensex moves up in afternoon trade.

New LTE tech to revolutionize wireless experience

TORONTO – The new-generation wireless technology called long-term evolution (LTE) is set to revolutionize wireless experience on smart phones or tablets and other mobile devices.

When networks around the world adopt LTE by 2012, it will boost their speeds and capabilities, leading to high-definition streaming of movies, full-screen video chatting and multi-player gaming as fast …. Original article  : New LTE tech to revolutionize wireless experience.

RBI Reference Rate for US $ and Euro

The Reserve Bank of India’s Reference Rate for the US dollar is ` 44.49 and the Reference Rate for Euro is ` 61.56 on October 28, 2010. The corresponding rates for the previous day (October 27, 2010) were ` 44.52 and ` 61.47 respectively. Based on the Reference Rate for US … Read more »».

Delhi HC lawyer charges Audi India with selling defective Rs.40 lakh car

NEW DELHI – The Indian unit of German car manufacturer Audi is now in the news for the wrong reasons. It has been accused of selling a defective Audi A6 car to a Delhi-based lawyer.

Though Audi India maintains that it has done no wrong and blames the concerned lawyer for damaging the car part in … Read more >>.

India’s annual food inflation falls to 13.75 percent

NEW DELHI – India’s annual food inflation fell to 13.75 percent for the week ended Oct 16, from 15.53 percent in the previous week. This may provide some relief to consumers.

Official data released Thursday showed the annual inflation rate for the primary articles group dipped to 16.62 percent during the week under review, compared … Read : India’s annual food inflation falls to 13.75 percent.

Time to integrate nature into national plans: UN environment chief (Interview)

NAGOYA – Economists have proved that countries are paying a great price by not integrating the values of natural resources into their budgets and plans. Now that techniques to value these resources are well developed, it is time to change national planning, says UN Environment Programme (UNEP) chief Achim Steiner.

On the sidelines of the …. Original article on Gaea Times at  : Time to integrate nature into national plans: UN environment chief (Interview).

India pioneers global plan to green economy

NAGOYA – India will be one of two countries to pioneer “a global partnership that will fundamentally change the way governments value their ecosystems”, World Bank President Robert B. Zoellick announced here Thursday.

“We are here to do something that none has done before,” Zoellick declared at a press conference on the sidelines of the [..] Read the original article: here.

Liquidity Adjustment Facility : Auction Results

The results of the RBI Repo/Reverse Repo auctions held on October 28, 2010 are:

Amount  (face value in ` crore)                         

Item

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

1 days Repo Auction 
… Read more »».

It’s adieu to 1,600 Blueline buses in Delhi

NEW DELHI – With a government notification coming into effect Thursday, 1,600 privately run Blueline buses went off the capital’s roads. While many commuters have welcomed the decision, others are now worried about overcrowded public transport.

Often termed the ‘killer fleet’ for numerous accidents and deaths, the private bus service has been under fire for … Read more >>.

Petrobras finds oil signs during deepwater exploration

Rio de Janeiro, Oct 28 (IANS/EFE) Brazilian state-controlled energy giant Petrobras said signs of oil found at in its first deepwater exploration well in the Sergipe-Alagoas Basin mark the opening of a new “exploratory frontier”.

The Rio de Janeiro-based company said the crude discovered in the Barra well of that basin, located off the coasts … Read : Petrobras finds oil signs during deepwater exploration.

Italy business confidence highest since May 2008

Rome, Oct 28 (IANS/AKI) Italy’s business confidence rose to the highest level since May 2008 as businesses ramped up orders amid increased optimism over the fate of Europe’s fourth-largest economy.

“There is a marked recovery in orders, foreign ones in particular,” Rome-based research centre Isae said Wednesday in a statement. “There is also a slight … Read the original article on Gaea Times at : Italy business confidence highest since May 2008.

Sensex quiet in opening trade

MUMBAI – A benchmark index of Indian equities Thursday was ruling moderately higher in morning trade.

The 30-share sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 20,116.49 points, was ruling at 20,058.22 points, up 52.85 points or 0.26 percent from its previous close at 20,005.37 points.
At the National Stock Exchange … Read this article on Gaea Times at : Sensex quiet in opening trade.

Japan stocks dip on earnings concern

TOKYO – Japanese stocks dipped in early Thursday trading as the dollar weakened against the yen after two days of gains.

The benchmark Nikkei 225 Stock Average lost 5.77 points, or under 0.06 percent, to trade at 9,381.26 while the broader Topix index was down 1.40 points, or 0.17 percent, at 816.36.
On currency markets …. Original article on Gaea Times at  : Japan stocks dip on earnings concern.

US hopes CSC will give American firms level playing field

WASHINGTON – The United States has welcomed the signing by India of an international treaty governing global civil nuclear liability to address a key irritant in the way of implementing the landmark India-US civil nuclear deal.

“This is a very big deal,” Geoffrey Pyatt, State Department Principal Deputy Assistant Secretary for South Asia said Wednesday … Original source on Gaea Times at : US hopes CSC will give American firms level playing field.

Money Market Operations as on October 27, 2010

…. Original article on Gaea Times at  : Money Market Operations as on October 27, 2010.

US stocks fall slightly

NEW YORK – Major US stock indices fell slightly Wednesday amid reports that the Federal Reserve was planning a gradual monetary intervention to prop up the world’s largest economy.

The Wall Street Journal reported that the central bank will announce after its rate-setting meeting next week a plan to buy a few hundreds of billions … Read : US stocks fall slightly.

Visa profits rise 51 percent as consumers spend more

SAN FRANCISCO – Visa Inc, the world’s largest consumer payments network, Wednesday reported a 51-percent rise in fourth-quarter profits compared to the same period last year.

The rebound was an indication that the worst of the economic crisis might be over, as people swiped their plastic more often than in the troubled year before.
Visa …. Source  : Gaea News Network.

US firms to sign large contracts on Obama’s India visit

WASHINGTON – US companies hope to consummate some large contracts during President Barack Obama’s trip to India in early November, according to a top aide.

There are “a number of large contracts” between American and Indian companies, and “we hope to consummate some of these deals,” National security aide Mike Froman said Wednesday at a …. Original source  : US firms to sign large contracts on Obama’s India visit.