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IBM targets Gujarat SMEs for SMSR, Cognos Express
Even as the small and medium enterprises (SMEs) in Gujarat look to increase their technology adaptability, IBM has forayed with its market specific products in hardware, software and security services, among other things. With an increasing need for data storage and security among SMEs, IBM is expanding its footprint in the state by offering products like Scalable Modular Server Rooms (SMSR) and Cognos Express, apart from other services.

Andhra Bank profit jumps 70% to Rs 274 cr
State-run lender Andhra Bank today said its net profit rose by 69.58 per cent to Rs 273.97 crore for the second quarter ended September 30, 2009, over the same period last year.

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Zenotech moves CLB to oust Ranbaxy-appointed board members
Pharma firm Zenotech has approached the Company Law Board (CLB) seeking removal of two of its board members, appointed by Ranbaxy, alleging "operational mismanagement".
Management

Sensex off day's high

The Sensex has come off from the day"s high and is now at 17,203, up 71 points. The NSE Nifty is at 5,106, up 15 points. - Markets continue to trade firm - Sensex trading firm; Reliance up 2% - Astec LifeSciences lists with 4% premium on BSE - Markets extend gains - Markets in positive territory - FII-TO-FII TRADES: PNB traded at 7% premium Among the BSE-30 stocks, ACC, Maruti and Hero Honda have soared around 2% each to Rs 798, Rs 1,599 and Rs 1,688, respectively. ITC, Tata Steel, HDFC Bank and Mhaindra & Mahindra have added over 1.5% each at Rs 268, Rs 558, Rs 1,776 and Rs 1,067, respectively. DLF is the major loser. down 2% at Rs 365. The market breadth is fairly positve, out of 2,748 shares traded, 1,446 have advanced and 1,215 have declined so far on the BSE. The BSE oil & gas and FMCG indices are up 1% each.


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