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NSE, BSE to open at 9 am from Friday
Minutes after the National Stock Exchange (NSE) announced that it would start equity trading from 9 am from Friday (December 18), rival Bombay Stock Exchange (BSE) followed suit.

Sony Ericsson to cut 2,000 jobs globally
Mobile handset maker Sony Ericsson today said it will cut 2,000 jobs globally as it phases out activities at some of its locations.

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Alok Retail in talks with PE firms to raise Rs 100 cr
Alok Retail India, a 100 per cent subsidiary of Alok Industries, is planning a major expansion and is in talks with private equity firms to raise Rs 100-crore.
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Deutsche Securities hikes stake in Eicher to 5.17%

Foreign fund house Deutsche Securities Mauritius has hiked its stake in commercial-vehicle maker Eicher Motors to 5.17%, after purchasing fresh shares through an open-market transaction. The fund house purchased 1,22,000 shares representing 0.46% stake in Eicher Motors, the car maker said in a disclosure on the Bombay Stock Exchange.


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