Thursday, January 20, 2011

Wipro gets new CEO

Wipro gets new CEO


Wipro gets new CEO

Posted: 20 Jan 2011 08:29 PM PST

India's software major Wipro Ltd Friday announced the appointment of TK Kurien as the chief executive officer of its global IT business and executive director of the company.


Sensex opens 80 points lower on profit booking

Posted: 20 Jan 2011 08:07 PM PST

The Bombay Stock Exchange benchmark Sensex fell by nearly 80 points in opening trade today due to profit booking by funds amid weak global cues.


CLB stays Wendt's shareholders meet

Posted: 20 Jan 2011 06:38 PM PST

The Company Law Board on Wednesday passed an interim injunction against conducting any shareholders' meet of Wendt India.


Lonely billionaires roam globe, require luxury love therapy

Posted: 20 Jan 2011 06:22 PM PST

Billionaires need love, too. Inside an elegant Berkeley Square London townhouse, a team of eight executive matchmakers have spent the past 23 years quietly making a fortune coupling romance-starved millionaires and billionaires.


SRF Q3 net profit rises four-fold

Posted: 20 Jan 2011 06:13 PM PST

Technical textile maker SRF Limited on Thursday said its net profit rose over four-fold to Rs 171.2 crore for the third quarter ended December 31, 2010, over the same period previous fiscal.


SRF Q3 net profit rises four-fold

Posted: 20 Jan 2011 06:13 PM PST

Technical textile maker SRF Limited on Thursday said its net profit rose over four-fold to Rs 171.2 crore for the third quarter ended December 31, 2010, over the same period previous fiscal.

Indian equity MFs lag in short term

Posted: 20 Jan 2011 05:56 PM PST

India-focused equity mutual funds may have dominated the list of top-performing open-end funds globally in the long-term, but they have lagged their global peers in the short term.

RBI proposals may drive MFI consolidation

Posted: 20 Jan 2011 05:47 PM PST

Rating agency Crisil has said that the microfinance industry could see consolidation if recommendations of an RBI panel are accepted. Crisil and another rating agency ICRA on Thursday said the microfinance industries will see slower growth and lower margins.

Godrej Consumer to hike soap prices on high costs

Posted: 20 Jan 2011 05:41 PM PST

After Hindustan Unilever (HUL), it is now Godrej Consumer Products (GCPL) which is planning to raise soap prices on account of rising input costs.

AI 'sickness' will be cured, says Ravi

Posted: 20 Jan 2011 12:56 PM PST

The government plans to nurse the critically ill Air India back to health. Senior Congress leader Vayalar Ravi, who took over as aviation minister, said AI was his top priority.


China already world's biggest economy?

Posted: 20 Jan 2011 11:58 AM PST

Did China overtake the US as the world's biggest economy in 2010? New numbers for the gross domestic product of different countries at purchasing power parity seem to suggest so. They also suggest India's economy is much bigger than previously thought.


Vespa gears up for a third trip to India

Posted: 20 Jan 2011 11:41 AM PST

The iconic Vespa is set for its third innings in India as parent Piaggio is in final stages of setting up its scooter plant at Baramati in Maharashtra.

Clinical trials are not a slam-dunk: Biocon CMD

Posted: 20 Jan 2011 08:50 AM PST

We have a number of clinical programmes in the biosimilar space. We have two novel programs -- IN-105 (oral insulin) and T1h (anti-CD6 monoclonal antibody, Kiran Mazumdar-Shaw said.


FDI in multi-brand retail is good: Montek

Posted: 20 Jan 2011 08:26 AM PST

Planning Commission deputy chairman Montek Singh Ahluwalia on Thursday spoke in favour of opening up the multi-brand retail sector to FDI, saying it will benefit farmers and also help contain food inflation.


'Manufacturing clusters must drive job creation'

Posted: 20 Jan 2011 07:59 AM PST

The manufacturing sector which is growing at a slower rate than the country's overall GDP should receive a boost through the development of manufacturing clusters across the country, said Planning Commission member Arun Maira.


Reddy rules out hike in diesel price

Posted: 20 Jan 2011 07:43 AM PST

New oil minister S Jaipal Reddy on Thursday ruled out any increase in diesel prices, even though oil companies are losing Rs 7 per litre on sales of the transport fuel.


PM flags off scheme to change operator, retain cell number

Posted: 20 Jan 2011 04:59 AM PST

Customers will have to pay a maximum of Rs 19 to an operator to change their network and the new operator has the option to either waive the fee or reduce it.


Sensex recovers by 68 points as food inflation falls

Posted: 20 Jan 2011 03:58 AM PST

A benchmark index for an Indian equities market on Thursday gained over 68 points today, led by banking and financial stocks, as easing food inflation reduced fears of a steep hike in key short-term interest rates by the RBI.


PM to launch scheme to keep cell number but switch operator

Posted: 20 Jan 2011 12:54 AM PST

PM will today unveil the scheme called mobile number portability that will permit users to change their service providers without having to forgo their numbers.


What is mobile number portability?

Posted: 19 Jan 2011 11:37 PM PST

The long-awaited mobile number portability finally became reality on Wednesday, empowering consumers to change providers conveniently.


Sensex weak in noon trade

Posted: 19 Jan 2011 11:37 PM PST

A benchmark index for an Indian equities market on Thursday was trading lower amid profit booking in front-line stocks, while broader markets were dull as traders adopted a wait and watch policy.


Rupee slips 8 paise against US dollar

Posted: 19 Jan 2011 10:41 PM PST

Recovery in local equities coupled with a sluggish dollar overseas could not break the fall of the Indian rupee that today slid eight paise to end at a more-than-7-week low of Rs 45.53/54 against the US currency.

Rupee depreciates by 17 paise against dollar

Posted: 19 Jan 2011 10:41 PM PST

The rupee depreciated by 17 paise to Rs 45.62 a dollar in early trade today following weak domestic equity markets.


Blackberry blocks porn in Indonesia

Posted: 19 Jan 2011 10:22 PM PST

The maker of BlackBerry smartphones has started blocking access to pornographic websites in Indonesia ahead of a Friday deadline that could have seen its lucrative operating permit revoked.


Sensex 154 points down on weak global cues

Posted: 19 Jan 2011 09:38 PM PST

The Bombay Stock Exchange benchmark Sensex fell by 154 points in early trade on Thursday on sustained selling by funds and retail investors in tandem with weak Asian markets.

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