Friday, May 27, 2011

SpiceJet posts Rs 59 cr loss in Q4

SpiceJet posts Rs 59 cr loss in Q4


SpiceJet posts Rs 59 cr loss in Q4

Posted: 27 May 2011 06:56 PM PDT

Low-cost carrier SpiceJet on Friday posted a net loss of Rs 59 crore for the last quarter of 2010-11 fiscal due to high jet fuel prices.


R-Power net profit rises 11% to Rs 760cr

Posted: 27 May 2011 06:43 PM PDT

Reliance Power on Friday posted an 11% increase in its net profit to Rs 760 crore in 2010-11 from Rs 684 crore in the previous year as the Anil Ambani group company began earning money for the first time from selling electricity produced by its project in UP.


Jaipur woman wins WagonR competition

Posted: 27 May 2011 06:41 PM PDT

Aparna Bhatnagar, a woman entrepreneur from Jaipur, has won the WagonR Think Big Challenge-II contest that rewards productive start-ups offering innovative and executable plans.


EBay, PayPal sue Google, execs over trade secrets

Posted: 27 May 2011 06:35 PM PDT

EBay and its online payment unit, PayPal, on Thursday sued Google and two executives for stealing trade secrets related to mobile payment systems.


Param Uberoi quits as Pernod Ricard CEO

Posted: 27 May 2011 06:21 PM PDT

There is a rejig taking place at the top of India's most profitable spirits company, the local subsidiary of French drinks giant Pernod Ricard.


'We're in for long haul and not for quick buck'

Posted: 27 May 2011 06:12 PM PDT

Mikhail Shamolin, 41, stepped into the president's role at one of Russia's biggest business conglomerates, the Sistema Group, just a couple of months ago but has already charted out big plans for the diversified group.


Oil PSUs restrict supplies to Air India

Posted: 27 May 2011 06:07 PM PDT

Cash-strapped Air India suffered a double whammy on Friday with oil marketing companies deciding to supply it only as much aviation turbine fuel on a daily basis as it pays for.


Mumbai Indians winners on social media

Posted: 27 May 2011 06:02 PM PDT

As the Indian Premier League (IPL-4) draws to a close, Mukesh Ambani-owned Mumbai Indians (MI) have gathered the most amount of support across social media platforms followed by liquor baron Vijay Mallya's Royal Challengers Bangalore (RCB).


US says China yuan undervalued, but not manipulated

Posted: 27 May 2011 05:16 PM PDT

The US treasury department ruled on Friday China was not manipulating its currency to gain an unfair trade advantage, but said Beijing still needs to allow the yuan to rise much faster in value.


Govt panel for FDI in retail

Posted: 27 May 2011 12:09 PM PDT

An inter-ministerial group (IMG) on inflation has recommended allowing FDI in multi-product retail as one of the two steps to tame rising prices.


Cairn India majority stake sale to Vedanta: GoM

Posted: 27 May 2011 07:08 AM PDT

A panel of ministers headed by finance minister Pranab Mukherjee on Friday recommended giving government approval to Cairn Energy Plc selling majority stake in its Indian unit to Vedanta Resources.


Nano rival may not see the light of the day

Posted: 27 May 2011 06:30 AM PDT

Renault recently sounded non-committal on its engagement and said it may back out of the project if the car does not match its standards.


Nano rival may not see the light of the day

Posted: 27 May 2011 06:30 AM PDT

Renault recently sounded non-committal on its engagement and said it may back out of the project if the car does not match its standards.


Honda to resume normal production in India by Aug

Posted: 27 May 2011 05:08 AM PDT

Honda Siel Cars India on Friday said it is likely to hike production by August and resume normal output by the festive season with component supply from its parent in Japan, which was disrupted after the devastating earthquake and tsunami in March, limps back towards normalcy.


Sensex ends on firming global trend

Posted: 27 May 2011 04:11 AM PDT

The Bombay Stock Exchange benchmark Sensex today advanced by 221 points as investors bought stocks at attractive low levels amid a firming global trend.


Oil cos threaten to stop jet fuel supplies to Air India

Posted: 27 May 2011 03:52 AM PDT

State-owned oil companies had stopped jet fuel supplies to Air India after the airline repeatedly defaulted on payment of fuel bills.


Sensex ends on firming global trend

Posted: 27 May 2011 01:33 AM PDT

The BSE benchmark sensex advanced further by 142 points in early trade today on persistent buying by investors in realty, oil and gas, banking and metal stocks on the back of higher Asian cues.


Sensex extends gains, opens 163 pts up

Posted: 26 May 2011 10:00 PM PDT

The BSE benchmark Sensex extended yesterday's gains by gaining another 163 points in opening trade today as funds and retail investors engaged in enlarging their positions, taking cues from the firming trend on other Asian bourses.


Rupee gains 10 paise against US dollar

Posted: 26 May 2011 09:31 PM PDT

The Indian rupee appreciated by 10 paise to Rs 45.20 per dollar at the Interbank Foreign Exchange today, supported by a higher opening in the stock market and dollar weakness against the euro and other Asian currencies.


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