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RCom awaits for guidelines to sell tower business

Mon, 28 May 2012 13:45:36 GMT

Reliance Communications today said it is in talks with several potential investors for selling its tower unit but a deal can be finalised after clarity on spectrum guidelines.

Daimler India to launch 18 models of 'BharatBenz'

Mon, 28 May 2012 13:41:04 GMT

Daimler India Commercial Vehicles Pvt ltd plans to launch 18 models of trucks 'BharatBenz' in next 18 months.

Rupee posts biggest winning streak

Mon, 28 May 2012 13:29:20 GMT

The rupee rose for a third successive session on Monday, its biggest winning streak against the dollar in over two-and-half months, as a recovery in global risk sentiment helped local stocks post strong gains.

Sensex ends 200 points higher

Mon, 28 May 2012 13:18:45 GMT

The BSE benchmark index Sensex today rose by nearly 200 points on heavy buying in fundamentally strong stocks led by financials and power, driven by a stronger rupee amid a firming trend in the global markets.

Rupee up 21 paise at 55.17 against dollar

Mon, 28 May 2012 06:24:45 GMT

The rupee failed to hold on to early gains and eased a little in the late morning trade to 55.17, still up 21 paise, against the US dollar due to uneven demand.

RCom shares up 4.7% post Q4 profit

Mon, 28 May 2012 06:16:04 GMT

Shares of Reliance Communications (RCom) today sored up to 4.7% after the company reported consolidated net profit of Rs 332 crore for the quarter ended March 31, 2012.

Air India board to meet today

Mon, 28 May 2012 05:50:10 GMT

About 500 Air India pilots who fly international routes have been demanding that their colleagues from Indian Airlines should not be trained to fly Dreamliners, as they believe it may hurt the career prospects of original Air India staff.

Rupee up 32 paise against dollar in early trade

Mon, 28 May 2012 04:33:59 GMT

The rupee had gained 27 paise to close at 55.37 against the dollar in the previous session on Friday after RBI intervened on currency breaching the 56-level.

Sensex gains 112 points in early trade

Mon, 28 May 2012 04:20:54 GMT

All sectoral indices, led by auto and banking, were trading in the positive zone with gains of up to 0.81 per cent.

Rupee gains as global risk aversion wanes

Mon, 28 May 2012 03:35:39 GMT

The rupee strengthened in opening trade on Monday, adding to gains in the two previous sessions, as global risk assets stabilized.

Jindal to drop $2.1bn Bolivia plan

Sun, 27 May 2012 19:40:57 GMT

Naveen Jindal-led Jindal Steel and Power’s (JSPL) ambitious $2.1-billion investment plan in Bolivia is all but over as the company has said it is “not hopeful of continuing” with the project, which was touted as the biggest foreign investment plan in the Latin American country.

Direct taxes should be 12% of GDP: Pranab

Sun, 27 May 2012 19:34:59 GMT

Union finance minister Pranab Mukherjee on Sunday said that he wants to see a larger share of direct tax revenue in the national gross domestic product (GDP) pie. It should be 12% of the country’s GDP, he said.

Travel cover premium likely to rise

Sun, 27 May 2012 19:29:10 GMT

The rupee’s fall has put pressure on the travel insurance portfolios of leading general insurance players and they are likely to go to sector regulator — Insurance Regulatory Development Authority (Irda) — to refile and restructure the premium charges of their products soon.

RIL's new plan to develop D-6 block

Sun, 27 May 2012 19:26:05 GMT

Having slapped an arbitration notice on the government for not allowing it to recover $1.5 billion of investments in the Krishna-Godavrai (KG) basin, Reliance Industries (RIL) has proposed to submit a new plan that envisages an integrated development approach for the entire D-6 block.

Pilots' strike: Air India board to meet on Monday

Sun, 27 May 2012 13:52:50 GMT

Airline sources said the board is likely to consider the next steps to be taken to deal with the strike, spearheaded by the now derecognised Indian Pilots Guild

FIIs pull out Rs 435 crore from stocks in May so far

Sun, 27 May 2012 12:34:15 GMT

After pulling out over Rs 1,100 crore from the Indian equity market in last month, overseas investors have withdrawn funds to the tune of Rs 435 crore in May so far.

Airtel enters mobile advertising segment

Sun, 27 May 2012 12:26:52 GMT
Airtel will equip advertisers to connect with their potential customers in a targeted and personalised fashion via their mobile phones, the company said in a statement.

Lalit Hotel to invest Rs 1,200 crore in next 3 years

Sun, 27 May 2012 11:33:34 GMT
Luxury hotel chain The Lalit will invest Rs 1,200 crore to expand its business in the next three years, which also includes entering the mid-level segment.

New-gen banks gain market share on higher rates

Sun, 27 May 2012 06:50:04 GMT
A higher interest rate of up to 7 per cent on savings bank deposits seems to be helping small new-generation banks like Yes Bank, IndusInd Bank and Kotak Mahindra Bank expand their market share at the cost of the old public sector banks.

'Govt, pvt websites under hacker threat'

Sun, 27 May 2012 06:43:31 GMT
Computer security analysts have issued an alert for Internet users and operators against hackers attempting to target websites of "reputed" government and private organisations.

Top 6 firms gain over Rs 21k cr in m-cap

Sun, 27 May 2012 05:00:04 GMT
Six of the top 10 BSE Sensex companies added Rs 21,339 crore to their market capitalisation (m-cap) last week, led by ONGC which alone gained over Rs 7,000 crore in value.

Top 6 firms gain over Rs 21K cr in m-cap

Sun, 27 May 2012 05:00:04 GMT
Six of the top 10 BSE Sensex companies added Rs 21,339 crore to their market capitalisation (m-cap) last week, led by ONGC which alone gained over Rs 7,000 crore in value.

Audi eyes over 45% sales growth in India

Sun, 27 May 2012 04:57:57 GMT
German luxury car maker Audi on Sunday said it is looking at over 45 per cent sales growth this year in India and is introducing its global customer-oriented programme, Audi CarLife-Advance as part of the plan.

Indian economy resilient: Pranab

Sat, 26 May 2012 16:43:07 GMT
Amid persisting global uncertainties, finance minister Pranab Mukherjee on Saturday said India's domestic demand, high savings rate and regulatory mechanisms make it a resilient economy.

Reliance Comm Q4 net profit nearly doubles

Sat, 26 May 2012 14:54:29 GMT
Reliance Communications said consolidated net profit rose to 3.32 billion rupees ($60 million) for the three months ended March, from 1.68 billion rupees reported in the year-ago quarter.