Sensex gains 99 points in opening trade

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• Sensex gains 99 points in opening trade
• ONGC FPO may hit mkt on March 15
• Green policies hurting FDI,says RBI
• Scams may raise Indian cos cost of cover
• Pollution boards split on Sterlite plant
• As gold price rises,diamonds are in
• Idea Q3 net up 43% at 243 cr
• R-Power to invest $5bn in Indonesia
• Pension option: Banks face 12k cr liability
• Birla Corp Q3 net dips 38%
• Bharti Airtel starts 3G services
• Philips acquires city-based Preethi
• 'Mobile shopping has taken off'
• Airtel launches 3G
• Mukherjee to clarify govt stand on black money
• Wipro, Toyota investment proposals cleared
• Centre completes 89% market borrowing by mid-January
• Sensex recovers on higher Q3 earnings by banks
• ICICI Bank Q3 net up 77.5% to 2,039cr
• Sensex builds on early gains
• Rupee inches up 6 paise against US dollar
• Sensex gains 88 points in opening trade
• RBI set to hike rates to curb inflation
• Baring may invest 350cr in Bangalore realty co

Sensex gains 99 points in opening trade Posted: 24 Jan 2011 08:31 PM PST The Sensex gained by over 99 points in opening trade on the Bombay Stock Exchange (BSE) on Tuesday on sustained buying by funds, taking cues from other Asian markets but investors remained cautious ahead of the RBI monetary policy.

ONGC FPO may hit mkt on March 15 Posted: 24 Jan 2011 07:13 PM PST The Rs 13,000 crore public offering of staterun ONGC is likely to hit the market on March 15,a government official said on Monday.

Green policies hurting FDI,says RBI Posted: 24 Jan 2011 06:53 PM PST The RBI has said that environment sensitive policies and procedural delays are hurting foreign direct investment.

Scams may raise Indian cos cost of cover Posted: 24 Jan 2011 06:31 PM PST India Inc may have to pay a price for the damage the countrys reputation has sustained following the spate of bribery scandals.

Pollution boards split on Sterlite plant Posted: 24 Jan 2011 06:07 PM PST The Central Pollution Control Board and Tamil Nadu Pollution Control Board on Monday differed before the Supreme Court over the alleged pollution by Sterlite Industries copper smelting plant at Tuticorin in the state.

As gold price rises,diamonds are in Posted: 24 Jan 2011 05:42 PM PST The unprecedented rise in gold prices has added sparkle to jewellers' diamond sales.And jewellers themselves are now promoting diamonds in a big way,as margins in diamonds are higher than in gold.

Idea Q3 net up 43% at 243 cr Posted: 24 Jan 2011 01:17 PM PST The Aditya Birla Group-owned Idea Cellular has reported a higher-than-expected consolidated net profit of Rs 243 crore in the third quarter ended December 2010, up 43% from Rs 170 crore in the year-ago period.

R-Power to invest $5bn in Indonesia Posted: 24 Jan 2011 01:08 PM PST In what is being seen as one of the largest foreign investments in Indonesia, Reliance Power will infuse $5 billion (around Rs 22,000 crore) in two projects-one each in South Sumatra and Jambi provinces.

Pension option: Banks face 12k cr liability Posted: 24 Jan 2011 01:04 PM PST Banks are awaiting clarity on accounting for a liability of around Rs 12,000 crore due to nearly 2.75 lakh serving and retired employees opting for a second pension option.

Birla Corp Q3 net dips 38% Posted: 24 Jan 2011 12:33 PM PST The M P Birla Group flagship, Birla Corporation, has witnessed a 38% decline in net profit to Rs 69.59 crore in the third quarter of the current fiscal from Rs 112.30 crore in the previous year.

Bharti Airtel starts 3G services Posted: 24 Jan 2011 12:20 PM PST Bharti Airtel on Monday rolled out 3G services in Karnataka, where it has its largest customer and revenue base, and said the service would be launched across all 13 telecom circles licenced to the provider by March 2011.

Philips acquires city-based Preethi Posted: 24 Jan 2011 10:01 AM PST Consumer electronics manufacturer Philips has purchased Chennai-based appliance maker Maya Appliances, brand owner of Preethi range of kitchenware, for an undisclosed amount

'Mobile shopping has taken off' Posted: 24 Jan 2011 08:55 AM PST Target Corporation, the largest discount retailer in the US after WalMart, saw nearly one billion visitors to its online store Target.com in 2009.

Airtel launches 3G Posted: 24 Jan 2011 08:30 AM PST Bharti Airtel on Monday rolled out 3G services in Karnataka, where it has its largest customer and revenue base, and said the service would be launched across all 13 telecom circles licensed to the provider by March 2011.

Mukherjee to clarify govt stand on black money Posted: 24 Jan 2011 08:15 AM PST Finance minister Pranab Mukherjee will Tuesday outline the government's strategy on how to bring back black money stashed in foreign banks, official sources said.

Wipro, Toyota investment proposals cleared Posted: 24 Jan 2011 07:14 AM PST IT giant Wipro's proposal to expand its activities in the aerospace engineering sector, Toyota Kirloskar's in car manufacturing and fresh proposals from Mahindra Aerospace for setting up aerospace component manufacturing and US-based Tyco Electronics' to manufacture connector cables were all cleared by the state high level clearance committee headed by Karnataka chief minister B S Yeddyurappa.

Centre completes 89% market borrowing by mid-January Posted: 24 Jan 2011 05:26 AM PST The Centre has completed nearly 89% of its Rs 4.47 lakh crore market borrowing for 2010-11 by mid-January, indicating more funds would be available for corporate in the remaining period of the fiscal.

Sensex recovers on higher Q3 earnings by banks Posted: 24 Jan 2011 03:23 AM PST In volatile trade, the BSE benchmark Sensex today recovered about 144 points to close at 19,151.28, led by banking stock after SBI and ICICI posted attractive quarterly earnings, but sentiment remained jittery ahead of RBI monetary policy and mixed Asian cues.

ICICI Bank Q3 net up 77.5% to 2,039cr Posted: 24 Jan 2011 01:30 AM PST Private sector lender ICICI Bank today reported a 77.5% jump in consolidated net profit to Rs 2,039 crore for the quarter ended December 30, 2010.

Sensex builds on early gains Posted: 23 Jan 2011 11:06 PM PST A benchmark index for an Indian equities market Monday moved further up from its opening levels trading flat in noon trade even as broader markets saw buying action.

Rupee inches up 6 paise against US dollar Posted: 23 Jan 2011 09:54 PM PST The Indian rupee strengthened by 6 paise to Rs 45.56 per dollar in early trade on the Interbank Foreign Exchange today, supported by gains posted by other Asian currencies against the greenback.

Sensex gains 88 points in opening trade Posted: 23 Jan 2011 08:31 PM PST The Sensex gained over 88 points in opening trade on the Bombay Stock Exchange (BSE) today, led by encouraging third quarter earnings posted by State Bank of India amid a firming trend on other Asian bourses.

RBI set to hike rates to curb inflation Posted: 23 Jan 2011 03:42 PM PST Trying to push up the price of a commodity while increasing its supply might sound an economic impossibility, but that is exactly what the central bank is likely to attempt when it reviews its monetary policy on Tuesday.

Baring may invest 350cr in Bangalore realty co Posted: 23 Jan 2011 03:39 PM PST Baring Private Equity Partners India (BPEP), along with some of its international investors, is likely to invest about $75 million, or approximately Rs 350 crore, in the Bangalore-based Century Real Estate.

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