Economic Times Summary - Section E

Submitted By-
Deeksha ray
Dheeraj kumar
Sec-E

• At 99.5, Sachin Tendulkar's 2010 average matches Don'
• HC holds key to survival of BJP govt in Karnataka
• Jagan Mohan Reddy pays Rs 84cr as advance tax
• Tata Motors plans small car to take on AltO
• Sweat equity fight may end Kochi IPL dreams
• Prestige to raise Rs 216 cr from anchor investors.
• Microsoft launches nine Windows 7 phones
• India wins first Games track & field gold since 1958
• 3 share Nobel in economics for job market analysiS
SENSEX NIFTY
20167.52-172.37 6068.60-67.25
INR-USD GOLD (Rs/10g.)
44.40-0.64 19680.0011.00
Sport News
DELHI 2010 XIX COMMONWEALTH GAMES
NATION GOLD SILVER BRONZE TOTAL
AUS 64 40 39 143
IND 30 23 28 81
ENG 27 49 35 111

Australia off to a brisk start
Australian openers Shane Watson and Simon Katich gave a brisk start to their second innings on the fourth day of the second and final Test against India.
Sachin Tendulkar hits sixth double ton
Batting genius Sachin Tendulkar completed his sixth Test double hundred, adding to the mountain of runs he has accumulated in his over two-decade career.
Heena, Anu win 31st gold for India
Heena Sidhu and Anu Raj Singh won the 31st gold for India in the 19th Commonwealth Games by winning the 10 m air pistol pairs women's event.
India wins 1st athletics gold since Singh
India equalled its highest CWG gold tally when Krishna Poonia led a podium sweep in women's discus as it ended a 52-yr-old wait for gold in athletics.
Sachin's 2010 average matches Don's
Sachin posted his sixth century in a calendar year, the most by any Indian ever. And it took his aggregate for the year so far to 1194 runs at an average of 99.5.

Bussiness News
Sensex plunges 225 points on IIP data
The Sensex dropped by about 225 points in the morning trade today on funds selling, influenced by poor industrial production figures and weak Asian cues.
BlackBerry stand-off may resume in Jan`
The future of the service remains precarious till its manufacturer Research In Motion is able to offer the home ministry a permanent solution.
Rupee slips by 10 paise against dollar`
The Indian rupee depreciated by 10 paise to Rs 44.52 a dollar in the early trade today, weighed down by dollar's gain over.
Nifty holds 6050; capital goods, metals down
ET BureauBenchmark continued to reel under selling pressure as sentiments turned bearish after lower than expected IIP for August was announced.
Coal India IPO likely to offer retail discount: Sources
Coal India is likely to offer a 5 per cent discount on the final IPO price to retail investors and employees of the world's largest coal miner.
Sparsh founders may offer Rs 80/share for delisting
Founders of Sparsh BPO Services Ltd may offer to buy back shares from the public at 80 rupees each as part of its plan to delist its share

WORLD NEWS
Goal is to nurture many more for London 2012: Lakshmi Mittal
With players from the Mittal Champions Trust bagging 12 medals including five Gold in the Commonwealth Games so far, billionaire India-born businessman Lakshmi Mittal said the goal is to "prepare" and "nurture" many more such sportspersons for London Olympics.
Three scholars get Eco Nobel
Americans Peter Diamond and Dale Mortensen and Christopher Pissarides, a British and Cypriot citizen, won the 2010 Nobel economics prize on Monday for developing theories that help explain how economic policies can affect unemployment.
Mukherjee hopeful of UN seat
Union Finance Minister Pranab Mukherjee today expressed hope that India will be given a permanent place in the UN Security Council whenever the much-debated and awaited reforms of the international body and its expansion take place.
Pak against terror: Musharraf
The former Pakistan president in an interview to the ABC news said that the Pakistan Army wants to defeat al Qaida and the Taliban.

Karnataka drama shifts to Delhi, CM to meet President
After the controversial trust vote in Karnataka Assembly, the action is set to shift to the national capital with B S Yeddyurappa scheduled to meet the President with his supporting MLAs in a bid to prove his majority.
At Rs 84 crore, Jagan Mohan sets pace with advance tax payment
Though the persistent belligerence of Congress MP Jagan Mohan Reddy has often embarrassed the Congress high command since his father and former Andhra Pradesh chief minister Y S R Reddy's death last year, not much is known about his personal wealth. It is a significant jump, considering Jagan Mohan had paid a paltry Rs 2.92 lakh tax for the financial year 2008-09, and Rs 6.72 crore for 2009-10. His growth in the half-yearly tax outgo has been more than 1,100% as compared to what he had paid for the same period in 2009. Individuals pay advance income tax twice a year.
Top IT firms to hire 90,000 this year
According to software industry lobby Nasscom, India's top IT firms, including Tata Consultancy Services, Infosys and Wipro , are set to hire nearly 90,000 this year, compared with only around 20,000 last year. For the first time since the global economic crisis forced IT companies to freeze hiring and shed jobs in December 2008, employment in the sector is now looking up.
2008, even a 15% attrition rate was conservative in an industry where some firms struggled to keep it below 20-30%. However, with lar GE customers like JPMorgan, Citibank and GE sending more projects to India and with firms such as IBM and Accenture under pressure to hire more in low-cost locations like India, the war for retaining and hiring talent is back.
"Some of them are also expecting attrition, and hence a preventive measure. All major companies like TCS, Infosys, and Cognizant have exceeded their expected earnings levels," he added. He expects the renewed hiring momentum to continue for another year.
MphasiS, which declared a manpower base of 38,275 in its last quarterly results when it added 1,156 employees, says there are currently more than 2,000 vacant positions within the company.
Microsoft unveils 9 Windows 7 phones
Microsoft Corp unveiled a new line of phones running its Windows software, as it attempts to pull back marketshare from Apple Inc's iPhone and Google Inc's Android system in the fast-growing market for multi-featured "smartphones."
The new phones, initially available on AT&T Inc's network in the United States, are much closer in look and feel to Apple's iPhone, with colorful touchscreens and "tiles" for easy access to email, the Web, music and other applications.
"I've been looking forward to this day for some time," said Microsoft Chief Executive Steve Ballmer, showing off nine phone models at a launch event in New York.
The first phone from AT&T, priced at $200, will be available on November 8, said Ralph de la Vega, CEO of AT&T Mobility and Consumer Markets. .
Gartner expects almost 270 million smartphones to be sold around the world this year, up 56 per cent from last year. In comparison, Gartner expects only a 19 per cent increase in worldwide PC sales to 368 million units this year.