The Bombay Stock Exchange (BSE) Sensex has gone up by 2099.21 points on Monday which forced BSE authorities to halt the trading for the entire day. In the morning market was halted for two hours, after sensex gained by 11& and hurt the Upper Circuit for the first time in the Indian share market history.
Nifty [...]

Satyam Computers is planning to lay off its 12,000 to 14,000 employees. Satyam Computer is now controlled by Tech Mahindra. The new management made a formal announcement before senior management personnel on Thursday on the issue of reducing manpower by up to 14,000 people.
Satyam currently has just over 40,000 employees, of which 19,000 are “billing [...]

The Bombay Stock Exchange board (BSE) has appointed Madhu Kannan as new CEO and managing director of exchange.
Madhu Kannan said, “I am honoured and excited to have the opportunity to lead Bombay Stock Exchange in the new global financial era. The Exchange has been the centre of Indian financial markets since 1875 and I [...]

The Board of the Bombay Stock Exchange will announce new CEO for the exchange on Monday. The Board met today to appoint a new CEO for the exchange but deferred the announcement till Monday.
Jagdish Kapoor, Chairman of BSE’s, said after the meeting, “We will announce the name of the new CEO on Monday”.

Indian banks have raised around 13.05 billion rupees via Certificates of Deposit on Wednesday, Thomson Reuters data showed. State Bank of Patiala, an associate of the country’s largest lender State Bank of India, sold around 5.21 percent one-year notes to raise 1.5 billion rupees, while IndusInd Bank and IDBI Bank raised around 500 million rupees [...]

Tata housing has launched a low cost housing project in Mumbai. The project, named as “Shubh Griha Township” will built low cost flats in Boisar, Mumbai. The Tata Housing will build around 1,000 flats as part of the housing project and the costs of these flats will vary between Rs. 3.9 lakh – Rs. 6.7 [...]