Wednesday, May 25, 2011

Wipro to make aerospace components

Wipro to make aerospace components


Wipro to make aerospace components

Posted: 25 May 2011 07:18 PM PDT

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


DLF Q4 profit falls 19% to 345 crore

Posted: 25 May 2011 06:50 PM PDT

India's top listed real estate developer DLF missed analysts' estimates with a 19% fall in the fourtquarter profit due to rising costs.


DLF gets Rs 1,700 crore tax notice

Posted: 25 May 2011 06:41 PM PDT

Realty major DLF has said income tax authorities have slapped additional tax notices for over Rs 1,700 crore pertaining to 2008-09 assessment year after being disallowed its profits in SEZ projects.


AI defaults on airport fee pay

Posted: 25 May 2011 06:31 PM PDT

The hefty airport development fee (ADF) airlines collect from you at the time of booking ticket to ensure world class infrastructure could well be going down a black hole.


Telenor & Etisalat face Fema blow

Posted: 25 May 2011 06:28 PM PDT

Telenor and Etisalat, which have invested in 2G scam accused entities Unitech Wireless and Etisalat DB, could end up losing all their investments and also pay an additional fine.


NSE abused its key position: CCI

Posted: 25 May 2011 06:25 PM PDT

The Competition Commission of India (CCI), the fair play watchdog, on Wednesday issued a 140-page penalty notice detailing the grounds on which it had found the National Stock Exchange (NSE) of abusing its dominant position in the currency derivates business.


Lower rates, hedging costs make $ loans a hit

Posted: 25 May 2011 06:22 PM PDT

Foreign loans have suddenly emerged as a very attractive proposition for Indian corporates given the interest rate differential and a sharp drop in hedging costs.

'I will sell my biz if kids can't decide on successor'

Posted: 25 May 2011 06:18 PM PDT

Uncertainty over succession continues at the business empire of K K Modi, father of beleaguered Lalit Modi (the brain behind IPL).


Analysts bank on pvt lenders as PSBs lag

Posted: 25 May 2011 06:15 PM PDT

Despite rising interest rates that put brakes on borrowing, Indian banks, except SBI, recorded a 31% rise in net profit during the quarter ended March 2011 at Rs 11,282 crore, when compared on a yearly basis.


US stocks open down after Europe, Asian drops

Posted: 25 May 2011 06:51 AM PDT

US stocks opened lower on Wednesday in the wake of slumping markets across Asia and Europe.


Do not reject MNP request if dues less than Rs10: Trai

Posted: 25 May 2011 06:17 AM PDT

Concerned over subscribers facing problems in exercising Mobile Number Portability service, Trai has asked operators not to reject a request if the amount outstandings are less than Rs 10.


Rupee hits near 3-month low; retreats as euro pares losses

Posted: 25 May 2011 05:46 AM PDT

The rupee ended off a near three-month low on Wednesday as the euro pared losses against the dollar, but traders expect the local unit to weaken further on Thursday due to high demand for the greenback from importers and a volatile euro.


Sensex plunges 165 points; IT stocks take big hit

Posted: 25 May 2011 04:55 AM PDT

The BSE sensex plunged 165 points on Wednesday to 17,847, a nine-week low, on selling in capital goods, IT and realty stocks ahead of May's settlement of derivative contracts amid weak global cues.


Infosys to counter visa misuse charge in US

Posted: 25 May 2011 04:18 AM PDT

Gobal software major Infosys Technologies Ltd is reviewing its procedures to counter the charge of misusing B1 business visas to the US, a senior company official said on Wednesday.


China's rich help pvt jet market take off

Posted: 25 May 2011 03:39 AM PDT

The country's soaring economy is creating a class of wealthy entrepreneurs who have plenty of money to spend on one of the ultimate symbols of success: the executive jet.


Gold rises in futures trade on firm global cues

Posted: 25 May 2011 12:21 AM PDT

Gold prices rose by 0.30 per cent to Rs 22,450 per 10 grams in futures trade today as speculators enlarged positions, buoyed by a firming global trend.


Sensex further slips on weak cues

Posted: 25 May 2011 12:20 AM PDT

A benchmark index for Indian equities markets on Wednesday slipped further around noon as selling intensified in realty and IT stocks.


Doha round must consolidate progress: Sharma

Posted: 24 May 2011 11:37 PM PDT

Anand Sharma said that the Doha round of world trade talks must continue to build on the progress already made but cautioned that attempts to re-open issues on which substantial progress has been made would be counterproductive.


Rupee down 10 paise against US dollar

Posted: 24 May 2011 09:38 PM PDT

The Indian rupee lost 10 paise to Rs 45.31 per US dollar in early trade on the Interbank Foreign Exchange on Wednesday, weighed down by dollar gains against the euro and other currencies overseas.


Sensex slips on weak Asian cues

Posted: 24 May 2011 09:34 PM PDT

The BSE benchmark Sensex lost over 87 points to trade below 18,000 mark in opening trade on Wednesday on fresh selling by funds and retail investors amid a weak trend on other Asian bourses.


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