Tuesday, May 24, 2011

'Greek default to hit eurozone'

'Greek default to hit eurozone'

'Greek default to hit eurozone'

Posted: 24 May 2011 06:28 PM PDT

A Greek debt default would hurt other peripheral euro zone states and could push Portugal and Ireland into junk territory, Moody's said on Tuesday, warning it would classify most forms of restructuring as a default.

Delhi airport's cargo handling capacity to rise

Posted: 24 May 2011 06:27 PM PDT

Delhi airport's cargo handling capacity is set to witness a major jump by 2012-end with the total overhauling of its existing infrastructure.

MTS India rejigs key positions

Posted: 24 May 2011 06:25 PM PDT

As part of efforts to strengthen its services and operations across the country, CDMA telecom operator Sistema Shyam TeleServices (SSTL) on Tuesday announced a rejig of responsibilities of some its top officials.

Fuel duty rejig may hit tax collection

Posted: 24 May 2011 06:17 PM PDT

Revenue secretary Sunil Mitra on Tuesday used the possibility of the govt missing its tax collection target for the year due to moderation in economic growth to argue against changes in the duty structure for crude petroleum and fuel.

Jaiswal to move Cabinet to shift NTPC's plant

Posted: 24 May 2011 06:13 PM PDT

Jaiswal is approaching the Cabinet after discussions with power minister Sushilkumar Shinde for more than a year failed to break the deadlock.

Indian consumers most optimistic: Survey

Posted: 24 May 2011 06:04 PM PDT

India's consumer confidence has remained consistent over the last five quarters, despite high inflation and rising fuel prices.

India is at the heart of Accenture ops: CEO

Posted: 24 May 2011 06:01 PM PDT

Accenture CEO Pierre Nanterme described India as the heart of Accenture and said the company's employee base in India would be 70,000 by August this year, the highest in any one country.

'Difficult to have a roadmap for insurance industry'

Posted: 24 May 2011 05:59 PM PDT

J Hari Narayan, the third chairman of Insurance Regulatory and Development Authority, will soon complete his third year in office.

Volcanic eruption: Indian carriers asked to draw up alternative routes

Posted: 24 May 2011 02:35 PM PDT

A fresh volcanic eruption in Iceland threatens to disrupt flights to western Europe in what would make for an eerie rerun of last April's travel travails.

Scrap 'obsolete' IMF deal on European chief: BRIC countries

Posted: 24 May 2011 02:11 PM PDT

IMF directors for five key emerging market economies on Tuesday said it was time to scrap an "obsolete unwritten convention" that requires the head of the International Monetary Fund to be a European.

US court asks Infosys to provide info on B1 visas

Posted: 24 May 2011 06:44 AM PDT

Amid controversies over its use of US business visas, Infosys on Tuesday said an American court has sought documents and records related to the company's sponsorships and utilization of B1 business visas.

US court asks Infosys to provide info on B1 visas

Posted: 24 May 2011 06:44 AM PDT

Amid controversies over its use of US business visas, Infosys on Tuesday said an American court has sought documents and records related to the company's sponsorships and utilization of B1 business visas.

Renault to source 100 mn euro components from India by 2012

Posted: 24 May 2011 04:34 AM PDT

Europe's second largest car maker Renault today said it expects to source components worth 100 million euro (over Rs 600 crore) by 2012 from India, as it looks to gradually scale up the quantum of parts purchased from here for global business.

Sensex ends nearly flat, regains 18K-level

Posted: 24 May 2011 04:27 AM PDT

Sensex closed nearly flat with upward bias, regaining 18K-level on short coverings in recently battered some of the capital goods and banking counters just two days ahead of the expiry of May contracts, despite positive Asian and European cues.

India's BHEL okays 5 pct govt stake sale

Posted: 24 May 2011 03:31 AM PDT

State-run Bharat Heavy Electricals , India's top power gear maker, said its board recommended that the government divest 5 percent of the company, worth roughly $1 billion at current levels, helping send the stock down 7 percent.

Pranab in touch with other finmins to select IMF chief

Posted: 24 May 2011 12:27 AM PDT

French finance minister Lagarde has emerged as a frontrunner to take over, but developing economies are keeping pressure on Europe and the US to avoid a backroom deal over the appointment.

Renault launches 'Fluence' in India

Posted: 23 May 2011 11:34 PM PDT

French carmaker Renault today launched its luxury sedan 'Fluence' in India with both petrol and diesel options, priced between Rs 12.99 lakh and Rs 14.40 lakh (ex showroom Delhi).

Sensex regains 18k level, up 113 points

Posted: 23 May 2011 10:15 PM PDT

The BSE benchmark Sensex regained the 18,000 points level in opening trade on Tuesday, shooting up by over 113 points on a fresh spell of buying by funds and retail investors, taking cues from the firming trend on other Asian bourses.

Rupee off 2-month low on strong shares

Posted: 23 May 2011 09:32 PM PDT

The Rupee pulled back on Tuesday from the two-month low touched in the previous session comforted by positive local shares and absence of any further big fall in the euro.
Posted by Harshad at 9:24 PM

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