Fiscal deficit falls 68%
The Centre's fiscal deficit fell by 68 per cent to Rs 40,196 crore during the AprilJune period year-on-year, on increased revenue receipts from the auction of 3G spectrum. The fiscal deficit, wh |
Qualcomm sells 26% to Tulip, Global Holdings
US-based mobile chip maker Qualcomm, one of the winners in BWA spectrum auction in four circles, on Friday sold 26 per cent in the broadband unit to two Indian companies, namely Tulip Telecom and Glob |
Special counters for filing returns
To avoid last minute rush, the Department of Income tax has opened 264 special counters to accept return from individual taxpayers till July 31. With last date for filing returns for assessme |
Maruti to launch five CNG models on a single day next month
In an unprecedented move to defend market share, the country's largest carmaker Maruti Suzuki India will launch five cars in CNG version in a single day in the second week of next month. The |
IRDA says cashless withdrawal row not a regulatory issue
Even as State-owned general insurance companies withdrew the cashless mediclaim facility at select hospitals one month back, leaving policyholders helpless and confused, the insu |
plea against CCI probe
The Supreme Court on Friday declined to stay the Bombay High Court order that directed Vijay Mallya-promoted Kingfisher Airlines to cooperate with the fair trade regulator CCI. A bench hea |
Apple is world's most valuable brand: Forbes
Global technology major Apple tops the Forbes list of the 'World's Most Valuable Brands', ahead of giants Microsoft and Coca Cola. The Forbes Top 50 list of the world's most valuable brands, compiled |
SAIL Q1 net down 11.55%
Lower sales and high input costs had a telling effect on the finances of SAIL as the company on Thursday said its first quarter profit declined by 11.55 per cent to Rs 1,176.55 crore. "In the first |
ONGC June net drops 24%
High fuel subsidy dragged ONGC's net down as the upstream company announced 4.5 per cent decline in its profit at Rs 3,661.14 crore for the quarter ended June 30 compared to Rs 4,847.92 crore in the s |
India, UK form CEOs forum
ties between India and UK, both the countries on Thursday not only agreed to constitute India-UK CEO Forum and India-UK Infrastructure Group, but are also working to double the trade in the next five |
Noel Tata to become Tata International MD
Considered as one of the strongest contenders to suc ceed Rata Tata, Noel will take charge of the overseas business of the over $70 billion conglomerate as Managing Director |
Hero Honda Q1 PAT down at ` 491.69 cr
Rising raw material prices affected finances of country's largest two-wheeler maker Hero Honda as the company registered a 1.68 per cent decline in its profit after tax (PAT) for the quarter ended Jun |
DLF may withdraw from affordable housing
Realty major DLF on Thursday said it may withdraw from the much-hyped affordable houses, stating low margins under the scheme are unattractive as the firm grapples with 25 per cent rise in net debt to |
Huawei rings up India mobile phone market
concerns Chinese telecom equipment maker Huawei Technologies on Thursday announced its entry into the Indian mobile handset market with the launch of 20 new handsets along with USbased mobile chip mak |
at ` 363 cr
OBC net up 41%
Commerce on Thursday reported 41.02 per cent jump in net profit at Rs 363.01 crore for the first quarter of 2010-11. The bank also saw its Net Interest Margin (NIM) move up substantia |
Gold price tumbles to near 3-month low at ` 18,000
Gold prices in the national capital on Wednesday tumbled the lowes in near three months after i lost Rs 380 to trade at Rs 18,000 per ten gram, on bearish sen timent driven by a decline in global mark |
Proud of Indian heritage, US citizenship, says HBS Dean Nohria
A few weeks back Nitin Nohria made headlines in India when he became only the first person of Indian origin to become d de ea an n o of f H Ha ar rv va ar rd d B Bu us si in ne es ss s S Sc ch ho oo o |
Reliance, Essar in race to buy BP's Africa assets
Mukesh Ambani-run Reliance Industries and Essar Oil are among about half a dozen firms in race to buy crisis-hit British energy giant BP's fuel marketing assets in east African countries. BP is sel |
M&M earmarks ` 8,600 cr capex for next five years
Buoyed by a robust 40.30 per cent jump in its net profit for the last quarter, auto major Mahindra & Mahindra on Wednesday said it will invest about Rs 8,600 crore in the next five years for various p |
M&M earmarks ` 8,600 cr capex for next five years
Buoyed by a robust 40.30 per cent jump in its net profit for the last quarter, auto major Mahindra & Mahindra on Wednesday said it will invest about Rs 8,600 crore in the next five years for various p |
Core sector grows slowest in 10 mths
sector reported its lowest performance in the last 10 months as it slowed down to 3.4 per cent in June as against 6.3 per cent in the same month last year. In May 2010, the sector had grown by 5 per c |
Core sector grows slowest in 10 mths
sector reported its lowest performance in the last 10 months as it slowed down to 3.4 per cent in June as against 6.3 per cent in the same month last year. In May 2010, the sector had grown by 5 per c |
Banks begin to hike deposit rate, HDFC Bank takes lead
With RBI raising repo and reverse repo rate to 5.75 per cent and 4.5 per cent respectively on Tuesday, banks have begun to take the first mover advantage with HDFC Bank raising deposit rates by up to |
RBI ups ante against inflation
Upping its ante
against rising prices,
the Reserve Bank of
India on Tuesday hiked the
short-term lending and borrowing
rates by 25 and 50 basis
points respectively.
However, while projecting
a |
Govt to soon take steps to help exporters: Anand Sharma
Sharma on Tuesday said that Government might take some remedial measures for labour intensive sector, which has taken a hit due to global slump and still not picked up pace. "Many sectors like text |
RIL posts ` 4,851 cr profit
Reliance Industries on Tuesday reported the best-ever quarterly profit and revenue numbers with a 32.3 per cent rise in profit and massive 85 per cent jump in revenues in the quarter to June, helped b |
BP incurs $17.15b loss
Bogged down by soaring costs related to the Gulf of Mexico oil spill, BP Plc on Tuesday posted a mammoth second-quarter loss of $17.15 billion and also announced the departure of embattled CEO Tony Ha |
Maruti Suzuki scrip falls 12.5%
The company reported 20.25% fall in net profit at ` 465.36 crore for the quarter ended June 30. Its scrip tanked 12.5% to month's low of ` 1188.5
|
Sensex sheds 111 points
Sensex fell by
111 points on Monday amid fears of a rate hike by the RBI at its policy review on Tuesday, besides low first quarter numbers from auto major Maruti Suzuki, which fell by 12.3 per cent |
KHAZANAH WINS BATTLE FOR PARKWAY
After two months of bitter fight over control of Parkway Holdings, Fortis finally bowed to Khazanah's offer on Monday as it agreed to sell its 25.37 per cent stake to Malaysian State |
RBI hints at rate hike
The Reserve Bank of
India on Monday hinted that the monetary unwinding would continue till inflation is brought down. "Given the risks to inclusive growth from high inflation, the monetary u |
Tinna Finex cries foul over CLB order
In a strange case, the Company L aw Board (CLB) after acknowledging the petition of Tinna Finex Limited (TFL) against TOCL (Tinna Oils and Chemicals Limited) and granting substantial relief to the |
Dabur acquires Turkey's Hobi Kozmetik for ` 324 crore
Joining
the race to go global and strategising their presence to reaffirm a strong foothold, Dabur on Monday took a step further and announced the acquisition of Turkish personal care firm Hobi Kozm |
Sterlite Industries facing tax demand of ` 324 crore
Vedanta Group
firm Sterlite Industries on Monday disclosed that the excise department has slapped a tax notice of about ` 324 crore on the company, and charged it with violating several rules. |
Highways to hell
Kamal Nath's Ministry of Road Transport and Highways (MoRTH) has asked for a report from the National Highways Authority of India (NHAI) on Yojana Bhawan's damning indictment about the mess on our hig |
MFs resist SEBI idea of same charges for small, big investors
are strongly resisting a proposal from market regulator SEBI for treating small investors at par with large institutional ones in terms of various charges, such as exit-loads, with the argument that r |
BP chief may quit in wake of US oil spill
British oil giant BP, Tony Hayward, was likely to resign within the next 24 hours in the aftermath of the catastrophic Gulf of Mexico oil spill, the BBC reported. Citing a senior BP source, the BBC |
GDP growth at 8.5-9%: CII
Sunday projected India's economy to grow by 8.5-9 per cent this fiscal despite global uncertainties, but voiced concern over doubledigit inflation, says a CII survey. "Businesses are upbeat on the |
Sebi mulls separate days for retail, inst investors for IPOs
overhaul of the way public offers are conducted, market regulator SEBI is mulling over a possible demarcation of days to be given to retail and institutional investors for submitting their bids. As |
No need for job cuts in AI: Govt PTI
either reduce manpower or slash salaries of around 30,000 employees of national carrier Air India, Civil Aviation Minister Praful Patel said on Sunday. "There is no real need to cut manpower or red |
Big 3 telecom players regain market share in subscriber addition
players in India, Bharti Airtel, R eliance Communications and Vodafone have begun to get their act together and fight the cut-throat competition in the Indian telecom market. As a result, their share |
SAIL's Rs 16,000-cr FPO may not come this year
S tate-owned SAIL's 20 per cent share sale plan, which aims to generate up to Rs 16,000 crore, may not happen this year due to certain regulatory hurdles. "SAIL share sale may not come in |
Indians most confident globally about job prospects, says Nielsen
Indians are the most optimistic about job prospects and personal finances globally, according to a survey by consultancy firm Nielsen. According to the Nielsen Global Consumer Confidence report, 92 |
No double dip recession: Geithner
The US economy is not headed for a double dip recession but should gradually strengthen over the next year or two, US Treasury Secretary Timothy Geithner said on Sunday. Geithner was asked on |
`Rate hike fears have dented industry confidence'
Fears o
another round of hikes in RBI's policy rates and rising borrowing costs have shaken the confidence of the industry, which had started to rebound after the global downturn, a Ficci survey sai |
Wipro Q1 net jumps 31%
India's third
argest software exporter Wipro on Friday announced 31 per cent rise in its June quar er profit at Rs 1,319 crore and projected higher revenue growth in the next quarter. "We are s |
Khazanah rubbishes Fortis' charge
Khazanah on Friday rubbished Fortis Healthcare's claim that Parkway shareholders were misled by the Malaysian fund regarding its partial offer for a controlling stake in the hospital chain. A day afte |
ITC to pump ` 23,000 cr into FMCG, paper & hotels
The tobaccos-to-hospitality major ITC has earmarked an whop ping Rs 23,000-crore investment over the next seven to ten years for its FMCG, paper and hospitality busi nesses. ITC chairman YC |
Jet Airways Q1 net profit at ` 3.5 cr
High Indian GDP growth has its positive impact on airlines also as Jet Airways, on the back of improved demand for premium class, reported a net profit of Rs 3.52 crore in Q1 as against a loss of Rs 2 |
Banks, markets await European stress test results
Ninety-one banks. Twentyseven countries. One exam. So who's going to flunk the European stress test? Markets were on alert Friday, waiting for regulators to finally publish their investigation into th |
spirits maker this fiscal' `Will be world's No 1
Vijay Mallya-promoted United Spirits Ltd (USL) has told its investors that at its current growth rate of 12 per cent annually, it will become the world's number one spirits company this fiscal. Sharin |
Give 3G spectrum on time or extend licence period: Bharti
India's leading telecom firm Bharti Airtel on Friday said that the Government should extend the licence period of 3G in case it fails to give spectrum to operators by September. "I have requ |
Vodafone Q1 revenue up 4.8%
Developing markets have become the real growth centres for telecom giant Vodafone Group as the company on Friday reported a 4.8 per cent jump in revenues at 11.3 billion pounds for the April-June quar |
Capital inflow to grow 36% at $73b; portfolio flow to decline
After the collapse of Lehman Brothers in October 2008 and the subsequent outflow of foreign capital from the Indian market, the robust growth recorded by the Indian economy have seen foreign funds mak |
Economy growing faster, but worries remain: PMEAC
After two years of very slow growth in agri culture, the prospects of good Monsoon is set to propel agricultural growth to 4.5 per cent in 2010-11. Aided by moderate growth in indus |
