Business

Gartner has revised downward its outlook for 2012 global IT spending from its previous forecast of 4.6 per cent growth.

Yahoo Inc fired Carol Bartz after losing patience with her attempts to turn around the company during her 2.5 years on the job.

Adding to the cheers of the job market, the employees could expect double-digit salary hikes during 2012.

Index heavyweights Reliance Industries, TCS, SBI and BHEL were down 1 per cent each; Infosys and ICICI Bank dropped 0.4 per cent each.

Telecom, technology, banks, FMCG and capital goods were major sectors that led the rally.

The Finance Minister says the government is trying to reach consensus on FDI in retail.

The Sensex gained 128.15 points, to close at 15,813.36. The Nifty was up 40.70 points, to end at 4,733.85.

The country's most valued firm Reliance Industries Ltd contributed the most to the 510-point surge in the Sensex on Wednesday.

Experts feel in the one-year of working with Ratan Tata, Mistry will understand the intricacies of running the firm.

The initial hour and last hour of trade was quite dramatic, market dropping nearly 200 points on weak global cues.

CII said it strongly supports the introduction of FDI in multi-brand retail as it would benefit consumers.

Cyrus Mistry, son of Pallonji Mistry, will take over the reins of the $ 80 billion Tata Group when Tata retires in 2012.

The computing hardware market in India is projected to reach $ 10.7 billion in 2012.

Tata Motors, BHEL, ICICI Bank and Sterlite Industries were down 4.55 per cent each.

I have already earmarked Rs 6,000 crore this fiscal, if need be more would be provided, Pranab Mukherjee said.

The SBI is leading the 13 bank consortium, which is funding the cash strapped airlines.