http://www.source2update.com source2update.com Market News: en 5/6/2010 4:09:14 PM http://www.source2update.com/Market-News/2010/May/6/bse-sensex-nse-nifty-market-updates-may-6.asp 5/6/2010 4:09:14 PM Mumbai, May 6: The markets began the day lower yet again reacting to the European debt crisis, which has affected the global markets.At 9:02 am, NSE Nifty was trading at 5112, down 12 points and BSE Sensex was at 17040, down http://www.source2update.com/Market-News/2010/May/6/rbi-raises-forex-cap-to-3000-dollars.asp 5/6/2010 4:09:14 PM Mumbai, May 5: The Reserve Bank of India (RBI) has raised the forex cap for overseas travelers to 3,000 dollars against the existing limit of 2,000 dollars.amp;ldquo;The existing limits have been reviewed and it has been decided to increase this ceiling, http://www.source2update.com/Market-News/2010/May/6/hcl-bags-500-million-dollar-deal-from-msd.asp 5/6/2010 4:09:14 PM Noida, May 5: IT major HCL Technologies Ltd (HCL) has bagged a 500 million dollars-worth five-year IT management deal with the pharmaceutical giant MSD. With this deal HCL has only managed to extend its long-term relationship with MSD or Merck amp; http://www.source2update.com/Market-News/2010/May/6/m-m-bae-joint-venture-constitutes-company-board.asp 5/6/2010 4:09:14 PM Bangalore, May 5: In its inaugural board meeting, Defence Land Systems India, a joint venture from Mahindra and BAE Systems, elected Mr Anand Mahindra, Vice Chairman and Managing Director, Mahindra Group, as chairman of the company board.While Mr Guy Griffiths, Managing http://www.source2update.com/Market-News/2010/May/5/bse-sensex-nse-nifty-market-updates-may-5.asp 5/6/2010 4:09:14 PM Mumbai, May 5: The Indian markets managed to recover its losses marginally in the last hour and end the day on a flat note. The indices gained support from the bounce back in the European market.BSE Sensex shut shop at 17,087.96, http://www.source2update.com/Market-News/2010/May/5/market-analysis-weekly-roundup-till-may-1.asp 5/6/2010 4:09:14 PM Worsening debt turmoil in Europe, the Famp;O expiry and mixed results from some of the top companies kept the market under pressure. Sensex lost 0.8 per cent and closed at 17558 during the week, while Nifty ended the week at 5278 http://www.source2update.com/Market-News/2010/May/5/bse-sensex-nse-nifty-market-updates-may-4.asp 5/6/2010 4:09:14 PM Mumbai, May 4: The Indian markets, which opened the day on a positive note, quickly turned negative around noon and ended in the red. Selling forced Nifty to slip below 5150 level.BSE Sensex shut shop at 17,137.14, down 248.94 points http://www.source2update.com/Market-News/2010/May/5/indianbanks-financial-service-firms-using-dubai-as-base.asp 5/6/2010 4:09:14 PM Dubai, May 3 (ANI): Indian banks and financial services companies are once again making their presence felt at the Dubai International Financial Centre (DIFC). http://www.source2update.com/Market-News/2010/May/5/q4-hdfc-net-up-26-pc-fourth-quarter.asp 5/6/2010 4:09:14 PM Mumbai, May 3: Dip in the expenditure helped HDFC post a 26.31 per cent rise in its net profit for the fourth quarter (Q4) ended Mar 31, 2010.In its filing to Bombay Stock Exchange (BSE), the Housing Lender informed that its http://www.source2update.com/Market-News/2010/May/5/renault-bajaj-to-roll-out-car-cheaper-than-nano.asp 5/6/2010 4:09:14 PM New Delhi, May 3: In a bid to destroy Tata Nano's stronghold in the Indian markets as the cheapest car, French auto major Renault and Bajaj Auto are set to roll out a car with a price tag of around Rs http://www.source2update.com/Market-News/2010/May/5/bpo-leader-intelenet-hiring-7-000-in-india.asp 5/6/2010 4:09:14 PM Mumbai, May 3: BPO major Intelenet has announced its intentions to hire as many as 7,000 personnel in India in 2010."The IT sector is expected to grow at 15-20 per cent and so is the BPO sector. With the US economy http://www.source2update.com/Market-News/2010/May/5/bse-sensex-nse-nifty-market-updates-may-3.asp 5/6/2010 4:09:14 PM Mumbai, May 3: The markets suffered weak global cues through out the day leading to a bad start for the week. The global markets were reacting to the CRR hike of China as well as the criminal probe against the investment http://www.source2update.com/Market-News/2010/May/5/savingsaccount-in-childs-name-can-provide-lifelongbenefit.asp 5/6/2010 4:09:14 PM Washington, May 2 (ANI): A study has found that opening a savings account in the child's name can provide lifelong benefits to the child. http://www.source2update.com/Market-News/2010/May/5/rbicautions-nbfcs-on-transaction-in-iran-pakistan-northk.asp 5/6/2010 4:09:14 PM Mumbai, May 1 (ANI): The Reserve Bank of India (RBI) has directed Non-Banking Financial Companies (NBFCs) to be alert while transacting business from countries like Iran, Pakistan and North Korea. http://www.source2update.com/Market-News/2010/May/5/indiajapan-to-build-eco-friendly-cities-in-delhimu.asp 5/6/2010 4:09:14 PM New Delhi, Apr 30 (ANI): India and Japan have agreed to build eco friendly cities in the Delhi-Mumbai industrial corridor at a cost 90 billion dollars http://www.source2update.com/Market-News/2010/May/5/mou-between-dmidc-6-japanese-companies.asp 5/6/2010 4:09:14 PM New Delhi, Apr 30: A MoU was signed between Delhi Mumbai Industrial Corridor and Development Corporation (DMIDc) and six major Japanese companies including Toshiba, Mitsubishi, and Hitachi on Friday, Apr 30 on the sidelines of a Confederation of Indian Industry (CII) http://www.source2update.com/Market-News/2010/May/5/hcl-bags-melborune-it-iws-project.asp 5/6/2010 4:09:14 PM Noida, Apr 30: Melbourne IT has roped in HCL Technologies Ltd. (HCL), a leading global IT services provider, to sustain its $18 million Integrated Web Services (IWS) business transformation project. Melbourne IT signed a deal with HCL on Friday, Apr http://www.source2update.com/Market-News/2010/May/5/criminal-probe-into-goldman-sachs-trading.asp 5/6/2010 4:09:14 PM New York, Apr 30: Weeks after the US market regulator sued Golman Sachs for fraud, it has been reported that US federal prosecutors have begun criminal probe into the trading of the investment bank.According to a report on the website http://www.source2update.com/Market-News/2010/May/5/bse-sensex-nse-nifty-market-updates-apr-30.asp 5/6/2010 4:09:14 PM Mumbai, Apr 30: amp;nbsp;After Wednesday, Apr 27, sell-off, markets ended on a positive note for the second consecutive session, probably on the back of short covering and positive global cues, which was erased after IMF vowed to raise the Euro 45 http://www.source2update.com/Market-News/2010/May/5/icici-ranked-45th-most-valuable-brand-in-world.asp 5/6/2010 4:09:14 PM Chicago, Apr 29: ICICI became the first Indian company to enter the BrandZ Top 100 by grabbing the 45th rank among the 100 most valuable brands in the world for the year 2010.In the fifth annual Millward Brown Optimor BrandZ Top