Nokia unveils phone at $99, now pay more for extra baggage & other top stories from ET

THE ECONOMIC TIMES Thu, May 09, 2013 | 05:54 PM IST Daily Newsletter

Pay more for extra baggage in Jet; Indigo charges for preferential seats Indigo will charge the passenger a premium of Rs 500 for Rows 1, 2, 12 and 13. While Jet has announced that it will charge Rs 250 per kg for additional baggage. RIL to invest $5 billion in reversing KG-D6 output fall RIL and its British partner BP have submitted to the govt plans to bring to production satellite fields in the eastern offshore KG basin block to raise output.

Story of The Day Nokia unveils Asha 501 at $99, to take on Google's Android based phones Asha 501 is the first device to run on the new Asha platform, which Nokia claims is designed to make experience faster. read more

Popular Stories IT slowdown & consumption: Fewer jobs and smaller pay hikes force techies to cut back spends Poke Me: Why real estate is a bad long term investment US visa revamp: Mid-sized IT firms like Zensar, Infotech, Geometric may be spared worst penalties Narayana Murthy spending more time with Infosys top management: ET Now Honda Cars India President Hironori Kanayama: The man who always challenges status quo Chevrolet Enjoy MPV launched by GM at a starting price of Rs 5.49 lakh

Market Watch 9 May | 05:54PM SENSEX 19939.04↓-51.14 NIFTY 6050.15↓-19.15 USD/INR 54.25↑0.18 GOLD (Rs/10g.) 27060.00↓-33.00

Latest Updates Gold gains Rs 285 to Rs 27,850 on global cues Gold prices recovered sharply by Rs 285 to Rs 27,850 per 10 gm on emergence of stockists buying for the wedding season amid a firm global trend. World markets down after China inflation report World stock markets were mostly lower on Thursday as investors weighed an interest rate cut in South Korea against rising inflation in China. Resolution authority on cards to deal with fin distress The Reserve Bank, he said, would soon issue a public advisory to spread awareness among people about unscrupulous scheme operators. Islamic banking not consistent with existing laws: RBI "We got to see that Islamic Banking which does not allow charging interest or taking of interest is inconsistent with our existing laws..." RBI Governor D Subbarao said. Mastek targets surpassing $250 million in revenue The Mumbai-based company, which was one of the first IT service providers to go public, will also start chasing government deals by itself, where it previously partnered with larger firms. UK's Lloyds to cut 850 jobs in plan to reduce costs Lloyds Banking Group said on Thursday it would cut 850 jobs in commercial banking, retail as part of plans to reduce costs.

Gainers Losers 9 May, 2013, 05:54PM IST, PTI|View All Company Name Live Price Change (%) Volume High Low Goldstone Infratech Ltd. 10.92 20.00 20082 10.92 9.56 Viceroy Hotels Ltd. 23.40 20.00 431921 23.40 21.10 Indus Fila Ltd. 9.12 20.00 100 9.12 9.12 Shree Rama Multi-Tech Ltd. 5.74 19.83 3858 5.74 5.74 VBC Industries Ltd. 3.63 19.80 3801 3.63 3.60

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