Tuesday, March 29, 2011

Ashok Leyland, Nissan pare LCV investments

Ashok Leyland, Nissan pare LCV investments

Ashok Leyland, Nissan pare LCV investments

Posted: 29 Mar 2011 07:12 PM PDT

Hinduja group flagship Ashok Leyland in joint venture with Nissan rolled out its first light commercial vehicle (LCV) – Dost – at half the envisaged investments in the project, even as both partners are mulling over the possibility of expanding the scope for the JV to make vans.

CCEA okays Rs 4,500 crore FDI in Hero

Posted: 29 Mar 2011 06:07 PM PDT

The Cabinet on Tuesday approved FDI amounting to Rs 7800 crore, including Rs 4,500 crore in Hero Investments Pvt Ltd, one of the main shareholders in the country's largest two-wheeler maker Hero Honda, by two private equity firms.

Core sector grows 6.8% in February

Posted: 29 Mar 2011 06:05 PM PDT

The country's infrastructure sector output grew 6.8% in February, slower than January's upwardly revised 7.2% and economists said strength in the sector was being sustained despite problems in coal output.

US firm buys 53.5% in AP Paper

Posted: 29 Mar 2011 06:04 PM PDT

In a deal worth about Rs 1,400 crore that has surprised market players because of its steep valuations, International Paper Company, the US based paper and packaging giant , has bought 53.5% in Andhra Pradesh Paper Mills from its promoters, the Bangurs.

Qantas slashes capacity and staff due to natural disasters, fuel price

Posted: 29 Mar 2011 04:37 PM PDT

Australia's Qantas Airways will cut capacity, retire aircraft and reduce management positions to help offset rising fuel prices and the impact on its business from Japan's recent earthquake, the airline said on Wednesday.

ICICI co sub-broker 'cons' investors

Posted: 29 Mar 2011 03:44 PM PDT

A number of Bangaloreans, most of them government officials who held online trading accounts with the trading portal of ICICI Securities called ICICIdirect. com, claim to have been duped of money and shares worth several crores by asub-broker associated with the portal.

'Britannia's share in cheese category halved'

Posted: 29 Mar 2011 11:58 AM PDT

In the fast-growing cheese category, while brands like Amul and Go have grown ahead of the market, Britannia's volume share has nearly halved to 8.3% in the fourth quarter of 2010 from 16% in the first quarter of 2009, according to Nielsen's data of India's top 35 metros.

Now, alerts for all credit card payments

Posted: 29 Mar 2011 11:57 AM PDT

The Reserve Bank of India has asked banks to put in place a system for providing online alerts for all card transactions irrespective of amount. Until now banks had to send online alerts to the cardholders for only 'Card Not present' (CNP) transactions which were for the value of Rs 5,000 and above.

Rupee recovers marginally against dollar

Posted: 29 Mar 2011 06:50 AM PDT

The rupee on Tuesday closed five paise up at 44.78/79 against the US dollar on bullish local equities and easing of crude oil prices.

Hero allowed $1 billion foreign investment

Posted: 29 Mar 2011 05:42 AM PDT

The government on Tuesday allowed infusion of Rs.4,500 crore (about $1 billion) in Hero Investments, part of the Hero group, to acquire Japanese partner Honda's stake in the two-wheeler joint venture firm Hero Honda Motors Limited.

Six core sector industries growth up 6.8% in Feb

Posted: 29 Mar 2011 05:38 AM PDT

The output of the six core infrastructure industries grew by 6.8 per cent in February supported by healthy expansion of sectors like crude oil, petroleum refinery products and finished steel.

Sensex jumps 178 pts, regains 19K level

Posted: 29 Mar 2011 04:23 AM PDT

The Bombay Stock Exchange index Sensex regained the crucial 19,000 points level after almost nine weeks on Tuesday adding 178 points on fresh capital inflows on eased inflationary concerns after fall in crude oil prices.

Rupee gains 7 paise against dollar

Posted: 28 Mar 2011 10:08 PM PDT

The rupee strengthened by 7 paise to Rs 44.76 per dollar at the Interbank Foreign Exchange today, supported by a higher opening in the stock market and dollar weakness against other Asian currencies.

Sensex jumps over 130 points

Posted: 28 Mar 2011 09:29 PM PDT

The BSE benchmark Sensex gained 130.76 points in early trade today, maintaining its upward journey for the sixth consecutive day on sustained capital inflows as falling crude oil prices eased inflationary concerns.

SBI may retain special home loan plan

Posted: 28 Mar 2011 12:58 PM PDT

The Reserve Bank of India and State Bank of India may still be arguing on whether the fixed-cum-floating rate home loans should be termed 'teaser' or 'terraced'.

Mallya uncorks new unit for emerging mkt push

Posted: 28 Mar 2011 12:17 PM PDT

Alcobev billionaire Vijay Mallya is rejigging his spirits empire to evolve as an emerging markets player.

SBI-TCS joint venture helps rural banks go online

Posted: 28 Mar 2011 11:57 AM PDT

Even as large banks spend hundreds of crores on their core banking software to bring anywhere anytime banking services to customers, a little-known joint venture between State Bank of India and TCS is making the same technology available to rural banks and small cooperative banks at a fraction of the cost.
Posted by Harshad at 9:41 PM

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)