Thursday, May 26, 2011

Global hospitality majors check into Bangalore

Global hospitality majors check into Bangalore

Global hospitality majors check into Bangalore

Posted: 26 May 2011 06:59 PM PDT

With the city emerging as a hub for international business travel, global hospitality brands are checking into Bangalore rather rapidly.

Wipro to make defence parts

Posted: 26 May 2011 06:43 PM PDT

Wipro's infrastructure engineering division is getting into aerospace and defence components manufacturing.

Fed kept 2008 loans to top banks secret

Posted: 26 May 2011 06:35 PM PDT

Credit Suisse Group AG, Goldman Sachs Group and Royal Bank of Scotland Group each borrowed at least $30 billion in 2008 from a Federal Reserve emergency lending program whose details weren't revealed to shareholders, members of Congress or the public.

India rallies emerging economies for IMF post

Posted: 26 May 2011 06:28 PM PDT

Emerging economies are trying to consolidate their views on the candidate for the top job at the International Monetary Fund (IMF) after French finance minister Christine Lagarde announced her candidature for the post.

Vehicle owners drive in 'zero dep' policy cover

Posted: 26 May 2011 06:27 PM PDT

Zero depreciation covers, also known as 'zero dep' policies, for motor insurance are becoming a hit among mid- and top-segment vehicles with most preferring the enhanced cover over the standard motor policy.

Google takes a 'Street View' of Bangalore

Posted: 26 May 2011 06:19 PM PDT

Google on Thursday took the first step of putting its camera-mounted cars on Bangalore roads to capture images of landmarks. To access narrow and uneven roads, Google employs a trike, a camera-mounted modified bicycle.

Ferrari drives in to tap desi luxury market

Posted: 26 May 2011 06:15 PM PDT

Italian sports carmaker Ferrari has come to India looking to tap the growing appetite of Indians for luxury cars.

Special pool for commercial vehicles denied insurance

Posted: 26 May 2011 06:09 PM PDT

Commercial vehicle owners who are turned away by an insurance company can now obtain cover without having to run door-to-door under a proposed pool for declined risks.

State-run banks pile up bad debts

Posted: 26 May 2011 06:04 PM PDT

It isn't just the State Bank of India that has large pools of bad debt. Other public sector lenders too face a similar situation with the pressure arising from the priority sector - the government's pet project.

Diesel, LPG rates may be hiked on June 9

Posted: 26 May 2011 01:07 PM PDT

The ministerial panel on fuels under FM Pranab Mukherjee is expected to raise diesel and cooking gas prices on June 9.

Tech Mahindra Q4 net falls 54% on Satyam losses

Posted: 26 May 2011 06:57 AM PDT

Software firm Tech Mahindra reported a 59.3% decline in consolidated net profit at Rs 92.19 crore for the quarter ended March 31, 2011, mainly on account of losses related to Satyam Computer.

Coal e-auction may crop up at review meeting with PM

Posted: 26 May 2011 04:36 AM PDT

In the proposed high level review meeting with Prime Minister Manmohan Singh on June 7 on coal shortage, the issue of e-auction of coal was likely to come up and the ministry would give their explanation to keep it going.

Sensex jumps 197pts on high cos earnings

Posted: 26 May 2011 04:23 AM PDT

The Bombay Stock Exchange benchmark sensex on Thursday recovered from a nine-week low and surged 197 points on emergence of buying, spurred by higher profit earnings posted by blue chips amid a firming global trend.

Diesel, LPG prices likely to go up from next month

Posted: 26 May 2011 03:08 AM PDT

After petrol, price of diesel, LPG and kerosene are likely to be hiked next month when a ministerial panel headed by finance minister Pranab Mukherjee meets to decide on passing rise in crude rates to consumers.

Ferrari enters India, launches cars priced at Rs 2.2 crore onwards

Posted: 26 May 2011 02:38 AM PDT

talian luxury sports car Ferrari on Thursday officially entered the Indian market with popular models such as the California, 458 Italia, 599GTB Fiorano and the latest FF at prices starting from Rs 2.2 crore onward.

2G: Court reserves order on Cineyug director Morani's bail plea

Posted: 26 May 2011 01:33 AM PDT

A Delhi court on Thursday reserved its order on the bail plea of Cineyug Films director Karim Morani, an accused in the 2G spectrum case.

Food inflation rises to 8.55%

Posted: 25 May 2011 11:40 PM PDT

Food inflation shot up to 8.55% for the week ended May 14, the highest level in four weeks, as prices of fruits, cereals and protein-based items escalated.

Rupee gains 4 paise against US dollar

Posted: 25 May 2011 09:43 PM PDT

The Indian rupee appreciated by 4 paise to Rs 45.28 per dollar at the Interbank Foreign Exchange on Thursday, supported by a higher opening in the stock market and dollar weakness against the euro and other Asian currencies.

Sensex gains 137 points on Asian cues

Posted: 25 May 2011 09:40 PM PDT

The Bombay Stock Exchange benchmark Sensex rose by over 137 points in opening trade on Thursday on fresh buying by funds and retail investors in select stocks amid a firming trend on other Asian bourses.
Posted by Harshad at 9:25 PM

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