Facebook shareholders seek to exit |
- Facebook shareholders seek to exit
- Gold glitters at record Rs 22,470
- Food inflation up, RBI set to hike rates
- AP govt scraps Unitech project
- Indian IT lags global peers in healthcare vertical
- PAC setback for RBI governor Subbarao
- 2G-tainted stocks plunge on asset seizure fears
- Savings accounts to offer higher interest?
- Air India to suspend bookings for 5 days as more pilots join stir
- Rupee ends flat on late dollar demand
- Delhi high court comes down heavily on Air India pilots
- Sensex closes 157 pts down
- Sensex opens 93 points higher on Asian cues
- ICICI Bank Q4 net rises 44%, below forecast
- Rupee up 16 paise against US dollar
- Hyundai Motor Q1 profit up 47%
- Air India pilots' strike continues, 60 flights cancelled
| Facebook shareholders seek to exit Posted: 28 Apr 2011 06:03 PM PDT A group of Facebook shareholders is seeking to offload $1 billion worth of shares in the secondary market, a sale that would value the company at more than $70 billion, according to five sources with direct knowledge of the situation. 
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| Gold glitters at record Rs 22,470 Posted: 28 Apr 2011 06:01 PM PDT Gold set a new record at Rs 22,470 per 10 grams on Thursday on brisk buying by stockists and jewellers for the upcoming 'Akshaya Tritiya' and marriage season, driven by a record rally in global markets. 
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| Food inflation up, RBI set to hike rates Posted: 28 Apr 2011 03:51 PM PDT Ahead of the Reserve Bank of India's monetary policy statement next week, food inflation went up marginally to 8.76% for the week ended April 16 compared to 8.74% in the previous week. 
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| AP govt scraps Unitech project Posted: 28 Apr 2011 03:43 PM PDT The 2G spectrum scam engulfing the UPA government at the Centre had its fallout in Andhra Pradesh with the Kiran Kumar Reddy government deciding to cancel the allotment of 1,750 acre of prime land in Vishakapatnam given to Unitech for developing a knowledge city. 
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| Indian IT lags global peers in healthcare vertical Posted: 28 Apr 2011 03:40 PM PDT Indian IT majors have been slow to tap into the healthcare services vertical, which has in recent years has emerged among the fastest growing verticals. 
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| PAC setback for RBI governor Subbarao Posted: 28 Apr 2011 03:35 PM PDT Questions over Duvurri Subbarao's role in the 2G spectrum scam could be a setback to the former IAS officer's chances of getting a second term in the Reserve Bank of India in September. 
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| 2G-tainted stocks plunge on asset seizure fears Posted: 28 Apr 2011 03:22 PM PDT The Enforcement Directorate move to attach properties of firms allegedly involved in the 2G scam sent investors offloading the stocks of Reliance Communications, DB Realty and Unitech on Thursday. 
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| Savings accounts to offer higher interest? Posted: 28 Apr 2011 12:17 PM PDT RBI has floated a discussion paper highlighting pros and cons of deregulation. Deregulation would give banks freedom to set interest rate on savings accounts. 
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| Air India to suspend bookings for 5 days as more pilots join stir Posted: 28 Apr 2011 10:01 AM PDT Air India management has decided to suspend the bookings for the next five days in order to tackle the situation arising out of the stir. 
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| Rupee ends flat on late dollar demand Posted: 28 Apr 2011 06:30 AM PDT Paring all of its initial gains, the rupee closed flat today at 44.43/44 against the US currency due to late dollar demand from importers, in tandem with local equities amid increased capital outflows. 
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| Delhi high court comes down heavily on Air India pilots Posted: 28 Apr 2011 04:41 AM PDT Justice Gita Mittal castigated the pilots during a brief hearing of contempt plea by national carrier's management. 
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| Posted: 28 Apr 2011 04:25 AM PDT The BSE Sensex fell for the fourth straight day on Thursday, losing 157 points to close at 19,292 amid rising oil prices and food inflation, as investors settled this month's positions in the derivatives segment. 
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| Sensex opens 93 points higher on Asian cues Posted: 28 Apr 2011 04:25 AM PDT The BSE Sensex fell for the fourth straight day on Thursday, losing 157 points to close at 19,292 amid rising oil prices and food inflation, as investors settled this month's positions in the derivatives segment. 
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| ICICI Bank Q4 net rises 44%, below forecast Posted: 28 Apr 2011 01:16 AM PDT ICICI Bank posted a 44% rise in quarterly profit, slightly below estimates, as stronger credit demand and lower provisions for bad loans was offset by treasury losses. 
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| Rupee up 16 paise against US dollar Posted: 27 Apr 2011 10:36 PM PDT The Indian rupee was trading 16 paise higher at Rs 44.27 per dollar on the Interbank Foreign Exchange in morning on Thursday, supported by a higher opening in the stock market and dollar weakness against other currencies overseas. 
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| Hyundai Motor Q1 profit up 47% Posted: 27 Apr 2011 10:23 PM PDT South Korea's Hyundai Motor reported a 47% jump in quarterly net profit, driven by strong demand for its new models as its Japanese rivals grapple with the aftermath of the March 11 earthquake and tsunami. 
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| Air India pilots' strike continues, 60 flights cancelled Posted: 27 Apr 2011 09:40 PM PDT Around 60 AI flights were cancelled while many others delayed on Day 2 of the pilots' strike despite the HC directing them to resume work. 
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