Business

Apple Computer Inc. is entitled to use the apple logo on its iTunes Music Store, a London court ruled rejecting a suit filed by Apple Corps Ltd.

The PM expects an increase in local and foreign investment, and expects investment rate to go beyond 31 pc of GDP.

The BSE sensex on Friday advanced higher on the back of rising Reliance Industries' scrip and closed at a new peak of 12,359.70 points.

M&M is doing due diligence for LML's bike plant. This is towards M&M's plan of entering the two-wheeler segment.

Jet Airways has announced its financial results for year ending. It post 15.32 per cent rise in net profit for 2005-2006.

India's largest private sector bank ICICI Bank on Saturday posted a net profit of Rs 790 crore in the fourth quarter.

SBI has hiked home loan rates by 25 basis points. The increased hike will be in effect from 1st may.

In the post-scam situation, Sebi has made it mandatory for de-mat account seekers to submit a Pan card.

Tata's largest selling watch brand Sonata has signed Indian batsman M S Dhoni as its brand ambassador.

Markets have opened on a firm note after three days. At 0957 hours IST, the Sensex was up 72.36 points at 11719.14.

ONGC Videsh Ltd hopes to start drilling two exploratory wells at Najwat Najem, an area allotted to it by Qatar Petroleum, by the year-end.

Tata Motors Ltd, Chairman Ratan Tata's dream project Rs 1 lakh car which is likely to be launched in 2007-08 will run on batteries provided by Exide industries.

Oil smashed through record highs Friday, cruising past $75 a barrel on continued fears of a supply disruptions in Iran and Nigeria.

The net profit for FY 2006 stands at Rs 2,067 crore up from Rs 1,628.5 cr last year. The revenue is up 30 per cent at Rs 10,626 crore.

The Sensex closed down over 305 points. The Nifty ended down over 98 points. Technology, auto, pharma, FMCG, capital goods and banking were the main draggers.

European steel group Arcelor announced a sharp increase in its shareholder dividend in a move that dealers said could help shield it against a hostile takeover bid by Mittal Steel.