BOMBAY STOCK EXCHANGE

The BSE Sensex rose 0.73 percent on Tuesday, mirroring global market gains, after a takeover news lifted Wall Street overnight and as the Japanese economy shrank much less than expected.

Environment ministry has given state-run Steel Authority of India Ltd (SAIL) approval to mine iron ore at Chiria in Jharkhand, the ministry said in a statement on its website.

The BSE Sensex should open higher on Monday, with heavyweights Reliance Industries and State Bank of India in focus after their quarterly results.

SKS Microfinance shares rose 13 percent on Thursday, a day after a panel appointed by the Reserve Bank submitted guidelines for the microfinance sector, providing clarity for the country's embattled industry.

India’s top software services company Tata Consultancy Services Ltd (TCS) on Tuesday announced plans to recruit 37,000 professionals in the next year through campus placements for its domestic and overseas operations.

Indian pharmaceutical company Strides Arcolab on Tuesday said it got the United States Food and Drug Administration (FDA) approval to sell an additional package size of Adenosine injection used for treating cardiac diseases.

The BSE Sensex fell 0.4 percent in early trade on Friday, with financials leading the decline ahead of December inflation data.

India’s second biggest software services company Infosys Technologies Ltd on Thursday said its attrition rate for the October-December quarter has shot up on an annualized basis, but that it had added 5,311 employees to take its total headcount to 127,779.

India’s second biggest software services company Infosys Technologies Ltd reported a 14 percent rise in its third-quarter net profit missing analysts expectations, sending its shares down by more than 4 percent.

India’s Bombay Stock Exchange (BSE) has introduced a new stock index which comprises companies that satisfy the legal codes of Islam.

India's Central Bureau of Investigation (CBI) said on Wednesday it has arrested India's state-run LIC Housing Finance CEO, general manager of state-run Central Bank of India and a deputy manager of Punjab National Bank in connection with an alleged fake home loans scandal.

Indian equity markets are trading lower by 328.30 points or 1.59 percent on Friday with all sectoral indices are in the negative side.

Ranbaxy Laboratories Limited (RLL), India's largest pharmaceutical company, said on Thursday its consolidated net profit stood at 3.13 billion rupees ($67 million) for the third quarter ended September 30, 2010, as compared to 1.16 billion rupees ($24 million) in the same period a year earlier.

Indian equity markets are trading lower by 29.17 points or 0.14 percent on Thursday with consumer durables, metal, healthcare and auto sectoral indices are in the gaining side and telecom, IT and realty sectoral indices are in the negative side.

Valuemart Info Technologies Limited (Valuemart), a Bangalore based Software development and legal process outsourcing (LPO) firm, said it has bagged a contract for legal document processing from a leading US law firm.

Tata Consultancy Services (TCS), India's top IT services firm, said on Wednesday it signed a 5-year infrastructure management services contract worth more than AUD $50 million with Australia-based renewable energy company AGL Energy Ltd.

At a time when the Bombay Stock Exchange Index showed major gains in 2009 with an 80 per cent return, several investors thought of coming back to the equity sector which they had left following the 2008 early 2009 setbacks.

With all the results declared Monday in India’s General election, the Congress-led alliance won 262 seats, just 10 seats short of a parliamentary majority while the rival Hindu-nationalist Bharatiya Janata Party (BJP) won 159 seats, much less than it expected.

Sensex, the prime index of the Bombay Stock Exchange (BSE) continued its downslide on Tuesday, declining 0.67 percent on profit booking as investors continued to remain wary of global market developments.

The Bombay Stock Exchange (BSE) Sensex climbed 0.14 percent or 23.04 points, Thursday, as market investors showed low appetite for risks, waiting warily for corporate results and central bank's monetary policy review next week.

The Bombay Stock Exchange (BSE) Sensex remained bullish on Monday, gaining 1.57 percent or 258 points, riding on strong market sentiments as investors looked forward to a robust earning season.