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Orient Express Q2 net loss at $24.3 mn
Luxury hotel chain operator Orient Express, in which Indian conglomerate Tata Group holds a significant stake, has reported a net loss of $24.3 million for the second quarter ended June 30, 2009.

Govt to compensate states' losses on account of GST
The government has decided to compensate states for any revenue loss on account of the implementation of the Goods and Services Tax (GST), a move that will encourage states to go in for the new tax structure scheduled to be implemented from April 1, next year.

News of the day

Markets move sideways
The markets have been virtually unchanged in the past one hour. The Sensex is down 21 points at 17,619 and the Nifty is lower by five points at 5269.
Business Opportunities

US markets end off day's high

US Federal Reserve"s decision to keep rates near zero dragged the markets off the day"s high. The Dow added 30 points to 9,802. The Nasdaq was unchanged at 2,056. - Asian markets in red in morning trades - L&T up marginally on Rs 6,897cr order - Ashok Leyland moves up on sales jump - Sensex ends up 523pts - Asian markets extend gains - Sensex regains strength Indian ADRs were in the green. Genpact and ICICI Bank surged 7% each to $13 and $35.47, respectively. Sterlite rallied 6% to $16.63. MTNL gained 4.5% at $3. HDFC Bank added 4% to $116.52. Infosys and Patni Computers advanced 2.5% each to $47.79 and $19.61, respectively. Wipro, Mahindra Satyam and Dr Reddy"s were up 1% each.


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