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Setting 'example', Mukesh takes pay cut
Reliance Industries (RIL) Chairman Mukesh Ambani has decided to take a big pay cut. His pay for 2008-09 has come down by 66 per cent, or nearly two-thirds, to Rs 15 crore from Rs 44 crore in the previous year.

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Old highs may be tested
The year 2009 ended on a high note, with benchmark (BSE & NSE) indices registering best yearly gains in the last two decades and touching fresh 19-month peaks. The year, however, will be most remembered for the Sensex and the Nifty hitting the upper circuit for the first time.

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Infy scouting for BPO firm in Canada
Infosys BPO Ltd, the business process outsourcing (BPO) operation of Infosys Technologies, is looking at raising its headcount in the Americas through inorganic growth. The company is understood to be scouting for a strategic acquisition in the $40-60 million range either in Canada or the US, according to industry sources.
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Glenmark recovers partial losses

The stock recovered some of its losses to finally end at Rs 258, down over 2% from the previous close. Around 691,753 shares were traded on the BSE as compared to the two-week daily average traded volumes of 698,158 shares on the BSE. ____________________________________________________ UCO Bank seeks shareholders" nod for fund raising Negative view on state-run oil cos: Fitch Jan cement sales in high double-digit The stock today opened at Rs 263. It touched a high of Rs 267 but started slipping thereafter. It plunged 6% to a low of Rs 246 and is now at Rs 251 - down 5%. Around 111,054 shares have been traded on the BSE so far. Glenmark Pharmaceuticals recorded a net profit of Rs 53.45 crore for the first quarter, a sharp drop of 53 per cent as compared with Rs 115.37 crore during the corresponding period the previous year. The consolidated revenue, however, increased 18% to Rs 543.69 crore.


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