Markets rebound after a soft start

The markets have firmed up after a soft start this morning. The Sensex opened a point lower at 17,118, and soon touched a low of 17,089 owing to weak cues from the global markets. The markets however have rebounded into the positive zone owing to fresh buying interest. PSU stocks owing to the divestment buzz are in limelight. Auto stocks and capital goods stocks also have moved up.

IRB Infra jumps on highway deal

The IRB Infrastructure Developers scrip rose 6 per cent to Rs 148.15 on securing a highway project in Rajasthan. The company emerged as the lowest bidder for the highway project to be built between Jaipur to Deoli section of NH12. The Rs 1,500-crore project is on a grant basis with a concession period of 25 years. It has sought a grant of Rs 306 crore for the project from NHAI.

BS Motoring Jury Award 2010: Tata Nano

The Nano is a small car from a big idea. The people’s car attained immortality the moment it was unveiled at the Auto Expo in New Delhi, causing a seismic shift in the automotive world. The rest of the world’s automakers drew in their collective breaths when it was announced that Tata was going ahead with producing the car. Then they all scrambled to go into that unknown territory that Tata Motors has already bravely ventured into.
Polygraphy

US seeks explanation from China on internet freedom

The United States has said it has held several rounds of meetings with China on the allegations of search engine giant Google that Chinese authorities were indulging in email hacking and censorship, a top Obama Administration official said.

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