Wednesday, July 28, 2010

HDFC Bank raises FD rates

HDFC Bank raises FD rates

HDFC Bank raises FD rates

Posted: 28 Jul 2010 12:17 PM PDT

A day after the Reserve Bank of India (RBI) raised two of the key policy rates, primarily to target runaway inflation, at least three banks — HDFC Bank, Central Bank of India and Lakshmi Vilas Bank — raised interest rates on fixed deposits.

Reliance D6 peak gas output delayed to FY13

Posted: 28 Jul 2010 08:05 PM PDT

Reliance Industries will be able to pump natural gas at full capacity from its deep-sea field during the year to March 2013, the country's oil secretary said, indicating a delay of almost two years.

Mahindra Q1 net rises, not decided on Ssangyong

Posted: 28 Jul 2010 08:07 PM PDT

Mahindra & Mahindra said it will postpone a decision on bidding for South Korean sport utility vehicle maker Ssangyong Motor, buying itself some time before the Aug 10 deadline for bids.

Unitech offers to buy UK arm for 700 crore

Posted: 28 Jul 2010 12:35 PM PDT

Realty major Unitech on Wednesday said it has offered to acquire London-listed Unitech Corporate Parks through an all cash deal worth nearly Rs 700 crore, which is 22% more than the current market valuation.

Europeans, Americans find dream jobs in Asia

Posted: 28 Jul 2010 12:40 PM PDT

Growth in China, India, South Korea and many other countries in the region is outpacing that of Europe and the US.

Usage of credit cards on the rise again

Posted: 28 Jul 2010 12:39 PM PDT

Credit card use — a strong indicator of consumer confidence — is on the rebound, touching a 15-month high in May.

'PC sales in India up 18% in 2009-10'

Posted: 28 Jul 2010 12:29 PM PDT

Spurred by a revival in IT spends and increased consumer confidence, about 80.3 lakh personal computers (PCs) were sold in the country during FY 2009-10.

China's Yuan undervalued: IMF

Posted: 28 Jul 2010 12:20 PM PDT

The International Monetary Fund said China's yuan is undervalued in a mildly worded assessment on Wednesday of its controversial currency controls and praised Beijing's response to the global crisis.

Gold tumbles to Rs 17,725 per 10 gm

Posted: 28 Jul 2010 01:44 AM PDT

Gold prices tumbled to a two-and-a-half month low by slipping Rs 340 per ten grams to Rs 17,725 on the Bombay bullion market in the early trade due to persistent stockists offerings, triggered by a sharp fall in the global markets.

Sensex closes 124 points lower, RIL, L&T drag

Posted: 28 Jul 2010 03:20 AM PDT

A benchmark index for Indian equities closed 124 points lower as selling intensified in the last hour of trade.

ArcelorMittal posts $1.7bn profit in Q2

Posted: 27 Jul 2010 11:50 PM PDT

World's largest steel producer ArcelorMittal on Wednesday reported a net profit of $1.7 billion in the April-June quarter on account of improved steel demand.

Rupee weakens by 6 paise against dollar

Posted: 27 Jul 2010 09:54 PM PDT

The Indian rupee eased by 6 paise to 46.72 a dollar in the early trade at the Interbank Foreign Exchange market today following the dollar's gains against other major currencies.

ONGC, PetroVietnam to bid for BP asset

Posted: 28 Jul 2010 12:40 AM PDT

State-run explorer Oil and Natural Gas Corp and PetroVietnam are expected to submit a joint formal offer within weeks to buy BP's stake in the Nam Con Son gas project, Oil Secretary S Sundareshan said.

Mahindra Q1 net rises, not decided on Ssangyong

Posted: 28 Jul 2010 08:07 PM PDT

Mahindra & Mahindra said it will postpone a decision on bidding for South Korean sport utility vehicle maker Ssangyong Motor, buying itself some time before the Aug 10 deadline for bids.

Europeans, Americans find dream jobs in Asia

Posted: 28 Jul 2010 12:40 PM PDT

Growth in China, India, South Korea and many other countries in the region is outpacing that of Europe and the US.
Posted by Harshad at 9:04 PM

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