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Global Outlook eyes Rs 25cr from India
Global Outlook, a white label hosted Microsoft Exchange and collaboration services provider with its data centres in Hyderabad and Dallas in the US, is targeting to achieve Rs 25 crore revenues from the Indian market by the end of this calendar year, according to its executive chairman Dayakar Puskoor.

Chidambaram proposes to restructure home ministry
When the Union Budget was presented earlier in the year, the Ministry of Home Affairs (MHA) outlay was raised 33 per cent over the previous Budget, up from Rs 25,500 crore to Rs 38,000 crore.

News of the day

Competition to heat up as biggies gear up for small-car launch
Come 2010 and the small-car market is likely to witness intense competition with at least four new players set to launch their products in the market.
Public Relations

Markets slip from day's high

The Sensex has dropped 55 points to 16,905. The Nifty is down 16 poinst at 5,011. ___________________________________ Negative view on state-run oil cos: Fitch Jan cement sales in high double-digit The markets slipped suddenly into the red. The Sensex dropped below yesterday"s close and touched a low of 16,946 - down 175 points from the day"s high. The index has now recovered from its low and is at 16,972 - up 15 points. The Nifty is up five points at 5,032. Maruti Suzuki has shed 3.2% at Rs 1,546. IT stocks have dropped. TCS and Wipro slipped 3% each to Rs 595 and Rs 581, respectively. Infosys has declined 2.8% to Rs 2,245. Reliance Communications, Bharti Airtel, Hindustan Unilever and Grasim are down 1-2% each. On the other hand, Sterlite has gained 5% at Rs 812. BHEL has added 3% to Rs 2,487. Jaiprakash Associates and Hindalco have advanced over 2% each. Tata Steel, HDFC Bank, Sun Pharma and Larsen & Toubro have moved up over 1% each. The market breadth is failry positive. out of 2,596 shares traded 1,762 have advanced while 754 have declined.


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