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Markets ignore IIP data, end in red
The markets opened on a flat note today and slipped into red almost immediately. Strong IIP numbers helped the index rebound into the green to touch a high of 16,897. The market, thereafter, turned volatile on the back of global cues, ignoring the earlier gains.

More time for IFRS rollout: banks
Banks’ association says the process needs a huge effort.

News of the day

IATA wants AERA to rationalise airport user charges
The International Air Transport Association (IATA) has put India on the "Wall of Shame" for hiking airport user charges by over 200 per cent, but hopes that the Airports Economic Regulatory Authority (AERA) would play a role to rationalise these charges paid by airlines and passengers.
Small Business

Dual-sim phones on Nokia's radar

Mobile phone major Nokia today indicated that multi-sim mobile handsets were on the anvil for the Indian consumers with expansion in demand. - Nokia complaints against Apple for patents violation - What presses their buttons - IIM-A to scrap Day Zero for placement - Nokia rolls out new touch handsets - Be gadget wise for 2010 - Time to get app hungry "We are looking at more than one sim phone," Nokia Head (Activation, Media & Online Marketing) Viral Oza said here at the launch of two handsets in the touchscreen segment. There were indications that the phone might be launched in 2010. Oza, however, declined to make any comment on timing. Dual-sim phones of other brands are receiving good response by the customers with over 100 million handset market in the country. The company said is in talks with other telecom operators besides, Idea to offer Nokia Life Tools services. Currently, the service is available on the Idea network. It provides a range of services targeting farmers and students of emerging economies. Nokia spokesperson said that the development of Life Tools was made in India and launched in other developing Asian economies. Recently, the service was launched in Indonesia.


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