New Delhi: Gold prices today spiked to a new high of Rs 16,900 per 10 gram in the bullion market here on strong marriage season demand amid firming global trends.

Rajkot/Ahmedabad: Nearly 60 vendors will move to the vendor park at Tata Nano’s Sanand plant by March next year. The rollout of the car is set for the January to March quarter, and vendors will feed the plant at existing locations till they shift.

Mumbai: The country’s biggest lender, State Bank of India (SBI), today slashed interest rates on domestic term deposits by 25-50 basis points (bps) across maturities to reduce cost of funds.

Detroit: A labor dispute at an auto parts supplier in India has forced Ford Motor Co to shut production of its new Taurus full-size sedan one week due to a transmission component shortage, a spokesman said on Friday.

Frankfurt: By snapping up insolvent German fashion house Escada, Megha Mittal, daughter-in-law of steel magnate Lakshmi Mittal, launched the type of corporate coup more associated with her famous namesake.

Be it debate on ‘vulgar’ salaries, or the question of grooming successors, the vision of Chief Executive Officers (CEOs) determine the growth path of an organization. CEOs also tend to make a style statement, other than the annual vision statement that comes by way of market projections- a statement that guides the fleet of workforce they lead.

He single-handedly saved Apple, wrought a revolution in online music, created a world-beating smartphone and led Pixar to dominate computer animation. So it's no surprise that Apple chief executive Steve Jobs was named CEO of the decade Thursday by Fortune magazine, which said that Jobs' success in reordering four industries - computers, music, movies and mobile telephones - was "unheard of."

Mumbai: The markets have continued from where they left last evening, with the Sensex gaining 185 points at 16,249 and the Nifty placed at 4828, up 63 points.

San Francisco: He single-handedly saved Apple, wrought a revolution in online music, created a world-beating smartphone and led Pixar to dominate computer animation.

Mumbai: Leading multiplexes and media companies are queuing up for the theatrical rights to the Indian Premier League (IPL)cricket matches for the coming decade.

New Delhi: In the next few months new operators offering a large number of free short messaging service (SMS) deals to attract mobile subscribers might soon find it difficult to do so. Telecom operators that have contracted bulk deals with companies to send unsolicited messages to operators in other networks might also find it more expensive.

New Delhi: Software giant Microsoft announced the commercial availability of its online services in India at prices starting from $2 (Rs 95) per user per month which will allow small and medium enterprises (SMEs) and enterprise customers to access Microsoft’s e-mail, collaboration, conferencing and productivity capabilities online.

Bangalore: Sudha Murthy, wife of Infosys Technologies co-founder N.R. Narayana Murthy, sold 1.6 million shares of her holding in the IT bellwether for over Rs.430 crore (Rs.4.3 billion/$91.5 million), the company said Thursday.

One of the most popular and important riders added to an insurance policy is the ‘Waiver of Premium’  rider. If this rider is a part of one’s insurance policy, it ensures that the premiums to be paid by the insured are waived in the event that the insured becomes ‘completely disabled’ or loses his source of revenue because of unemployment owing to an injury or sickness. In such a situation, even though the premiums are not paid by the insured, the policy does not lapse.

No matter how you find the place you are deciding to rent a personal tour is absolutely crucial, even if it is recommended by your best friend. Visit, visit and visit the apartment. This is because only you know what exactly will make you comfortable in your house, what difficulties you have faced in the place you lived earlier etc. Go from room to room, preferably with your family and let each one state their opinions. This way you will not miss out on anything.

In the case of real estate transactions, mortgage deeds etc. which tend to be high, the stamp duty value is also high. Stamp Duty charges also vary from state to state and is left to the discretion of the state government. There is a state to state wide variation in stamp duty rates across the country. In the state of Tamilnadu for instance, about 8% of the property value is claimed for stamp duty and about 1% is claimed for registration charges of the property.

The Iyers had a simple formula -  If they earned Rs. 100/- whether Raghu’s salary or Radha’s freelance income Rs.30.00 went towards investments. Of this - Rs.10 went to long term saving, Rs.10 went to short term (1-2 years) needs and Rs.10 went to build an emergency corpus. After a couple of years they had created an emergency corpus which enabled them to start investing that Rs.10 for their children.

Typically, people in their late 20s and early 30s, with family obligations, should begin by looking at property. In fact, up to 50% of your fund should be invested in property, as it appreciates over the long term. Following this should be up to 30% exposure in equities/ mutual funds, to reap the high returns they promise over the long term. 10% in long-term bonds and debentures will yield a fixed return over a period of time. Liquidity is as important, so invest 5% in gold, fixed deposits and 5% in cash.

While many of the deals came at lower prices than earlier, analysts believe prices are stabilising

TCS has been chosen as strategic IT partner by the City Council of Cardiff in Britain for 15 years

iGate’s plan to increase the headcount is a reflection of the business environment

Top three IT firms — TCS, Infy and Wipro — either met or beat market and analyst expectations in the last quarter, registering their best performance in six quarters

Over 1,000 people would get direct employment through the rural BPO centers in the next 12-15 months

Around 200 employees of Crazy John’s will face redundancy as part of its restructuring programme in the first half of 2010

The company is seeing more stability in volumes and pricing as well as an improving demand environment

The rebranded Satyam Computer Services, is set to position itself as an information and communication technologies (ICT) company

The award recognizes services delivered by Firstsource to a premiere telecom client

The total outsourcing engagement will deliver business IT alignment for DIAL by combining airport solutions with governance, process excellence and integrated service delivery

The company added six new customers in the quarter. Its employee base in Q3 fell slightly to 6,380 employees as of September 30

The company is also strengthening its resources to leverage the growing demand wihthin the government, banking, telecon and real estate sectors

But countries like Canada, Poland, Vietnam are honing their skills