Monday, February 28, 2011

Madoff: 'I made a lot of money' for victims

Madoff: 'I made a lot of money' for victims

Madoff: 'I made a lot of money' for victims

Posted: 28 Feb 2011 07:35 PM PST

Bernard Madoff, in prison for the biggest pyramid scheme fraud in Wall Street history, says that in reality he made a lot of people rich and that he suffered alone.

AI's high-flying COO puts in his papers

Posted: 28 Feb 2011 02:25 PM PST

Air India's chief operating officer Gustav Baldauf, who was hired last year at an annual package of over Rs 3 crore, finally resigned on Monday.

'Infy could have non-Indian CEO in 2-3 years'

Posted: 28 Feb 2011 02:17 PM PST

IT bellwether Infosys Technologies could have its first non-founder and non-Indian CEO in the next 2-3 years, according to a BNP Paribas report titled "Don't fix it if it ain't broken".

HDFC hikes home loan rates again

Posted: 28 Feb 2011 02:03 PM PST

Home loans for HDFC borrowers have turned more expensive with the mortgage finance company revising its benchmark rates for the second time in less than four weeks.

Mobile phones to cost more from April 1

Posted: 28 Feb 2011 06:19 AM PST

Mobile handset prices will become more expensive as finance minister Pranab Mukherjee announced one percent hike in the Central Excise duty for 130 items, including phones.

Sensex closes at 17,823, up about 122 pts

Posted: 28 Feb 2011 05:21 AM PST

Investors cheered the Budget 2011-12 today pushing up the sensex nearly 600 points before profit-booking erased gains as the BSE benchmark index closed at over 17,823, up about 122 points

US dollar ends cheaper against rupee

Posted: 28 Feb 2011 05:14 AM PST

The US dollar ended cheaper against the rupee at Rs 45.27/28 per dollar and but Pound Sterling turned higher at Rs 73.48/50 per pound at the close of the Interbank Foreign Exchange Market here today.

Union Budget 2011: Indian shares rise 0.7%; ITC leads

Posted: 28 Feb 2011 02:50 AM PST

Indian shares rose 0.7% on Monday after the Union Budget stepped up social spending, but absence of key reforms such as opening up the retail and financial sectors caused some dismay.

No filing of tax returns if salary is only income

Posted: 28 Feb 2011 02:31 AM PST

In a big relief from cumbersome tax filing process for the salaried class, finance minister Pranab Mukherjee on Monday proposed to exempt them from filing tax returns unless they have other sources of income.

Pesky calls: TRAI extends deadline for new rules to March 21

Posted: 28 Feb 2011 02:14 AM PST

Mobile subscribers will have to wait till March 21 to get relief from pesky calls and SMSes as telecom regulator Trai has extended the deadline for implementing new rules to curb this menace for the third time.

Govt allocates Rs 2,200cr for boosting agri output

Posted: 28 Feb 2011 02:13 AM PST

Aiming to control price rise in non-cereal food items, the government today announced a budget outlay of Rs 2,200 crore to boost production of vegetables, pulses, oilseeds, millets and fodder.

Govt allocates Rs 2,200cr for boosting agri output

Posted: 28 Feb 2011 02:13 AM PST

Aiming to control price rise in non-cereal food items, the government today announced a budget outlay of Rs 2,200 crore to boost production of vegetables, pulses, oilseeds, millets and fodder.

Oil prices may rise after FM fails to reduce duty

Posted: 28 Feb 2011 02:07 AM PST

Petrol and diesel prices look set to be hiked after finance minister Pranab Mukherjee ignored calls for its reduction in customs and excise duty to contain the impact of spurt in global crude oil prices that have touched a two year high of $110 per barrel.

Oil prices may rise after FM fails to reduce duty

Posted: 28 Feb 2011 02:07 AM PST

Petrol and diesel prices look set to be hiked after finance minister Pranab Mukherjee ignored calls for its reduction in customs and excise duty to contain the impact of spurt in global crude oil prices that have touched a two year high of $110 per barrel.

Coins with new Rupee symbol: Pranab

Posted: 28 Feb 2011 12:10 AM PST

A new series of coins will be unveiled soon carrying the Rupee symbol, finance minister Pranab Mukherjee announced in the Budget today.

Coins with new Rupee symbol: Pranab

Posted: 28 Feb 2011 12:10 AM PST

A new series of coins will be unveiled soon carrying the Rupee symbol, finance minister Pranab Mukherjee announced in the Budget today.

Coins with new Rupee symbol: Pranab

Posted: 28 Feb 2011 12:10 AM PST

A new series of coins will be unveiled soon carrying the Rupee symbol, finance minister Pranab Mukherjee announced in the Budget today.

Union Budget: Fiscal deficit for FY'11 at 5.1%

Posted: 27 Feb 2011 11:50 PM PST

Finance minister Pranab Mukherjee today pegged the fiscal deficit at 5.1 per cent for the current financial year, and further reduced the estimates to 4.6 per cent for 2011-12.

Rupee up on increase in FII limit

Posted: 27 Feb 2011 10:19 PM PST

The Indian rupee rose on Monday after the budget increased foreign institutional investment (FII) limit in corporate infrastructure bonds by $20 billion to $40 billion.

Rupee up 5 paise against US dollar in early trade

Posted: 27 Feb 2011 09:27 PM PST

The Indian rupee rose by 5 paise to Rs 45.27 against the US dollar in early trade on the Interbank Foreign Exchange on Monday, supported by a better opening in the stock market, although dollar gains overseas restricted the appreciation of the domestic currency.

Sensex gains 114 points ahead of Budget

Posted: 27 Feb 2011 08:10 PM PST

The BSE benchmark Sensex opened over 114 points higher in opening trade on Monday on the back of increased buying by foreign funds and retail investors ahead of Budget 2011-2012, which is slated to be announced later in the day.
Posted by Harshad at 9:07 PM

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