Sensex gains over 104 points |
- Sensex gains over 104 points
- Air India delays January salaries further
- Mahindra plans Rs 285cr aerospace facility
- Two-year FDs fetch more than 5-yr deposits
- Flush farms boost GDP growth to 8.6%
- Sebi for tougher voting norms on company resolutions
- Rupee hits 2-1/2 week high
- Economy to grow by 8.6% in 2010-11
- UK visa curbs will hit Indian MBA students
- Sensex closes 60 points up
- Asian Paints re-starts Egypt operations
- 8.6% for current fiscal satisfactory: Pranab
- Rupee loses against dollar, trading at 45.59/60
- New PF norms leave expats in lurch
| Posted: 07 Feb 2011 08:24 PM PST The Sensex gained over 104 points in opening trade on the Bombay Stock Exchange (BSE) today amid a firming trend in overseas markets. 
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| Air India delays January salaries further Posted: 07 Feb 2011 01:13 PM PST The airline delayed payment of January salaries without prior intimation this time. First employees were told that payment would done on Thursday, but on Monday the airline sent a mail stating that wages would be paid on February 14. 
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| Mahindra plans Rs 285cr aerospace facility Posted: 07 Feb 2011 01:08 PM PST Mahindra Aerospace, part of the $7.1-billion Mahindra Group, has got Board approval to invest Rs 285 crore to set up a 25-acre aerospace facility in Bangalore. The company is considering setting up the facility in Narsapur. 
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| Two-year FDs fetch more than 5-yr deposits Posted: 07 Feb 2011 12:45 PM PST Banks are offering their highest returns in the one to two-year category of deposits, an indication that they expect interest rates to come down in the medium term. A host of banks have revised their lending and deposit rates but are reserving the most-attractive returns on the medium-term fixed deposits. 
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| Flush farms boost GDP growth to 8.6% Posted: 07 Feb 2011 12:34 PM PST The Indian economy is expected to grow 8.6% in 2010-11, compared to 8% last year, the Central Statistics Office announced on Monday. In its edition dated February 5, TOI had reported that the economy was expected to grow at 8.5% for the current fiscal year. 
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| Sebi for tougher voting norms on company resolutions Posted: 07 Feb 2011 12:18 PM PST Market regulator Sebi is proposing to the government to include a clause in the Companies Bill, pending before Parliament, which will bar shareholders of a company who have interest in a particular decision of the same company from voting in such special resolutions. 
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| Posted: 07 Feb 2011 07:18 AM PST Rupee rose to 2-1/2 week highs on Monday, aided by dollar inflows as well as domestic equity strength, but importer demand for the greenback due to high oil prices prevented a sharper rise. 
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| Economy to grow by 8.6% in 2010-11 Posted: 07 Feb 2011 06:13 AM PST A high farm output on top of abundant rainfall has helped the Indian economy grow by an estimated 8.6 per cent in 2010-11, against 8 per cent a year ago, but high inflation remains a dampener. 
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| UK visa curbs will hit Indian MBA students Posted: 07 Feb 2011 03:41 AM PST Britain's move to abolish the visa that allows international students to work in UK after completion of their courses is likely to reduce the number of Indians coming here for MBA degrees, an industry body has said. 
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| Posted: 07 Feb 2011 02:24 AM PST A benchmark index for Indian equities markets, made up for its intra-day losses as frontline stocks rose sharply in late trade, although losses were seen in broader markets. 
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| Asian Paints re-starts Egypt operations Posted: 07 Feb 2011 01:55 AM PST India's leading paint company, Asian Paints, today announced it has commenced operations partially, at its two manufacturing units in Egypt. 
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| 8.6% for current fiscal satisfactory: Pranab Posted: 06 Feb 2011 11:27 PM PST Finance minister Pranab Mukherjee on Monday said the 8.6% economic growth estimated for the current fiscal was satisfactory in the wake of the rising inflation and trade imbalances. 
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| Rupee loses against dollar, trading at 45.59/60 Posted: 06 Feb 2011 10:44 PM PST The rupee failed to maintain initial gains and was trading flat at Rs 45.59/60 against the US dollar in early trade on the Interbank Foreign Exchange today amid mild dollar demand from banks and corporates. 
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| New PF norms leave expats in lurch Posted: 06 Feb 2011 11:17 AM PST Nearly 7,000 expatriates are caught in a battle between India and the United States over contributions made by their citizens towards provident and pension funds and social security 
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