Sanmar seeks to rejig debt, bankers demand guarantee |
- Sanmar seeks to rejig debt, bankers demand guarantee
- Chandra steps down as telco chairman
- LIC regains market share, private players slip
- Nike to remain sponsor of Team India kit
- Maruti Suzuki net dips 8% on inputs
- Daimler gets RBI nod to set up NBFC
- Oil cos may raise petrol prices by Rs 3
- Indian diesel banned in Pakistan
- Sensex down 18 points in dull trading
- DB Realty appoints Krishna Goenka, Usman Balwa as addl director
- Maruti Q4 net profit rises marginally to Rs659.86cr
- Sensex erases early losses, up 95 points
- Rupee down 18 paise against US dollar in early trade
- Silver futures hit record high
- TCS eyes acquisitions in Germany, Japan
- Sensex down 70pts in opening trade
| Sanmar seeks to rejig debt, bankers demand guarantee Posted: 25 Apr 2011 05:32 PM PDT TCI Sanmar Chemicals – part of The Sanmar Group – has approached banks to restructure its Rs 254 crore ($565 million ) loan borrowed to fund an Egyptian acquisition. 
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| Chandra steps down as telco chairman Posted: 25 Apr 2011 05:14 PM PDT It's official. Sanjay Chandra, one of the five executives chargesheeted by the CBI in the 2G scam recently, is stepping down as the chairman of the Unitech Wireless board. 
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| LIC regains market share, private players slip Posted: 25 Apr 2011 05:09 PM PDT Private life insurers have seen their new business growth slow down to a mere 2% even as Life Insurance Corporation regained market share with a 23% jump in premium collections to Rs 86,444 crore for the financial year 2010-11. 
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| Nike to remain sponsor of Team India kit Posted: 25 Apr 2011 05:06 PM PDT American sports goods maker Nike has renewed its contract with the Board of Control for Cricket in India (BCCI) to be the official kit sponsor of the Indian cricket team and the new deal is said to be pegged at approximately Rs 270 crore. 
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| Maruti Suzuki net dips 8% on inputs Posted: 25 Apr 2011 05:02 PM PDT Higher commodity prices and adverse currency movements dented Maruti Suzuki's profits as the company's full-year earnings fell by 8% to Rs 2289 crore against Rs 2498 crore in 2009-10 . 
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| Daimler gets RBI nod to set up NBFC Posted: 25 Apr 2011 04:56 PM PDT German automaker Daimler on Monday said it has received RBI's nod to set up a non-banking financial services firm in India with an initial investment of over $50 million (around Rs 222 crore) for financing vehicles to consumers. 
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| Oil cos may raise petrol prices by Rs 3 Posted: 25 Apr 2011 02:32 PM PDT State-run oil firms are expected to raise prices of petrol shortly, possibly after May 10 when the state polls get over. 
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| Indian diesel banned in Pakistan Posted: 25 Apr 2011 02:30 PM PDT Pakistan has doggedly refused to remove motor fuels from the list of items that cannot be imported from India to avoid giving New Delhi a leverage over its energy supplies. 
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| Sensex down 18 points in dull trading Posted: 25 Apr 2011 04:00 AM PDT In a lacklustre trading session on Monday, the BSE Sensex closed marginally lower at 19,584, down about 18 points, as Reliance Industries declined on below expected earnings. 
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| DB Realty appoints Krishna Goenka, Usman Balwa as addl director Posted: 25 Apr 2011 02:52 AM PDT Real estate company DB Realty on Monday said it has appointed Krishna Murari Goenka and Usman Balwa as Additional Directors of the company with effect from April 21, 2011. 
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| Maruti Q4 net profit rises marginally to Rs659.86cr Posted: 25 Apr 2011 02:29 AM PDT The country's largest carmaker Maruti Suzuki India on Monday reported a marginal rise in its net profit for the quarter ended March 31, 2011, at Rs 659.86 crore. 
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| Sensex erases early losses, up 95 points Posted: 25 Apr 2011 01:01 AM PDT The BSE benchmark sensex shrugged off early losses to emerge over 95 points higher at 1030 hours on Monday, with financial, auto and consumer durables stocks leading the recovery. 
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| Rupee down 18 paise against US dollar in early trade Posted: 25 Apr 2011 12:55 AM PDT The Indian rupee fell by 18 paise to Rs 44.54 against the US dollar in early trade on the Interbank Foreign Exchange on Monday, weighed down by a weak trend in the stock market and gains registered by the American currency against other rivals. 
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| Silver futures hit record high Posted: 25 Apr 2011 12:31 AM PDT Extending its record-breaking rally, silver futures prices went up by a whopping Rs 854 to trade at yet another high of Rs 76,752 per kg, largely on the back of a firming global trend. 
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| TCS eyes acquisitions in Germany, Japan Posted: 25 Apr 2011 12:24 AM PDT India's leading software services exporter, Tata Consultancy Services(TCS), is eyeing acquisition opportunities in Germany and Japan in the healthcare sector, its chief executive said on Monday, as the company aims to expand its geographical presence and product offerings. 
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| Sensex down 70pts in opening trade Posted: 24 Apr 2011 09:25 PM PDT The BSE benchmark sensex fell by over 70 points in opening trade on Monday in the wake of market heavyweight Reliance Industries' announcement of Quarter 4 earnings that were below market expectations, which put a damper on the trading sentiment. 
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