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Gold futures prices decline on weak global cues
Gold futures prices declined by 0.11 per cent on the Multi Commodity Exchange today as speculators indulged in reducing their positions in tandem with weak overseas trend.

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Singapore company, Indian port to set up shipyard at Kakinada
Sembmarine Kakinada Limited (SKL), a joint venture of Singapore-based Sembawang Shipyard Pvt Ltd and Kakinada Seaports Ltd, has announced the establishment of a shipyard at Kakinada port at an estimated cost of $375 million to cater to offshore units and merchant vessels operating in Indian waters.

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Citi to relaunch hedge fund ops: report
Financial service major Citigroup is planning to relaunch Citi Alternative Investments, a unit that contains its hedge fund operations, a media report said.
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India Eco Summit: Accenture to hire 8,000 in India

Global technology and consultancy giant Accenture today said it is going to add around 8,000 people in India by the end of next year taking its total employee base in the country to 50,000. - India Eco Summit: Sharma pitches for stimulus continuation - India Eco Summit: Fortis Healthcare to set up 3 more hospitals - India Eco Summit: "India at bottom half in man-woman equality index" - India Eco Summit: Ispat-Stemcor Rs 1,100-cr project to start soon - India Eco Summit: Kingfisher Airlines to raise $600 mn - India Eco Summit: ICICI to reduce stake in Firstsource "We are 42,000 right now and we imagine we will be about 50,000 by the end of 2010," Accenture Chairman and Chief Executive Officer William D Green told PTI on the sidelines of the India Economic Summit. Indicating a recovery from the global downturn, Green said the company will continue to focus in India, specially in the areas of analytics. Accenture"s focus in India is going to be the analytics space, which will help the clients convert information into insights for better yields. Green added, "We believe that analytics is going to be an important trend that our customers are going to demand from us. We think India is going to be a great place for us. We have some core centres of excellence in the analytics space in the country." Accenture, which has annual revenue of $21.58 billion for fiscal 2009, will strengthen its focus on clients in pharmaceutical, telecommunications and energy in the country.


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