Thursday, June 2, 2011

Greece to impose deeper bout of austerity on its struggling economy

Greece to impose deeper bout of austerity on its struggling economy

Greece to impose deeper bout of austerity on its struggling economy

Posted: 02 Jun 2011 04:36 PM PDT

Greece is set to impose a deeper bout of austerity on its struggling economy and promise to speed up a privatisation drive in return for a new international bailout to avoid a debt default.

CCI to look at food price spike

Posted: 02 Jun 2011 12:06 PM PDT

The recent spurt in prices of food articles, particularly onions, has come to the notice of fair play watchdog Competition Commission of India (CCI).

Pension funds should flow into mkts: Sebi chief

Posted: 02 Jun 2011 12:05 PM PDT

Markets regulator U K Sinha has called for an increase in equity investment by retirement funds to act as a counterbalance to volatile investments by foreign institutional investors.

Big Bazaar to greet shoppers with new look

Posted: 02 Jun 2011 12:04 PM PDT

The country's largest hypermarket chain Big Bazaar, part of the Kishore Biyani promoted Future Group, is undergoing an overhaul.

RBI proposes PIN for credit cards

Posted: 02 Jun 2011 12:04 PM PDT

Credit cards which moved from being embossed pieces of plastic to magnetic swipe cards a decade back are set for another transformation as the Reserve Bank of India moves to the next level of card security.

Diesel decontrol urgent: Rangarajan

Posted: 02 Jun 2011 12:02 PM PDT

An increase in diesel prices looks inevitable with the Prime Minister's Economic Advisory Council (PMEAC) chairman C Rangarajan on Thursday saying that there is an urgent need to take corrective action.

Sebi okays market making in F&O

Posted: 02 Jun 2011 12:00 PM PDT

Market regulator Sebi on Thursday allowed market making in the equity derivatives segment, a decision that has the potential to revive the futures & options (F&O) segment on the BSE.

Dan Cake to enter Indian market

Posted: 02 Jun 2011 09:30 AM PDT

Dan Cake, Portugal, one of the leaders in bakery and confectionery industry, is all set to enter Indian market through a JV with Pune based Phadnis Group.

US dollar eases against rupee

Posted: 02 Jun 2011 05:47 AM PDT

The US dollar eased against the rupee at Rs 44.82/83 per dollar and the Pound sterling ended lower at Rs 73.40/42 per pound at the close of the Interbank Foreign Exchange Market (Forex) on Thursday.

Air India cuts local, intl flights citing lower demand

Posted: 02 Jun 2011 05:42 AM PDT

State-run carrier Air India has withdrawn at least 25 flights across domestic and international sectors till June 15, citing lower demand, a spokesman said.

Hopes ride high for bullish Ambani words at RIL AGM

Posted: 02 Jun 2011 05:12 AM PDT

Lakhs of investors will eagerly wait for some major announcements from corporate giant Reliance Industries' chief Mukesh Ambani, when he addresses the company's annual shareholder meet here on Friday.

Govt committed to achieve 2011-12 fiscal targets: Pranab

Posted: 02 Jun 2011 04:40 AM PDT

In the Budget for 2011-12, the government had set fiscal deficit target at 4.6 per cent of the GDP and the revenue deficit target at around 3 per cent.

Sensex sheds 114 pts on global cues

Posted: 02 Jun 2011 04:30 AM PDT

The BSE benchmark Sensex on Thursday fell 114 points to 18,494.18 as investors booked profits amid overseas concerns as the US market on Wednesday dived on release of a weak manufacturing and jobs data in the country.

Now, UK council offshores jobs to India

Posted: 02 Jun 2011 03:22 AM PDT

The Birmingham City Council led by the Conservative party has become the first council or local authority in Britain to cut jobs and outsource them to India, sparking protests from employee unions.

UK council offshores jobs to India, sparks protests from unions

Posted: 02 Jun 2011 03:22 AM PDT

The Birmingham City Council led by the Conservative party has become the first council or local authority in Britain to cut jobs and outsource them to India, sparking protests from employee unions.

NALCO to set up Rs 274 cr wind power project

Posted: 02 Jun 2011 03:20 AM PDT

Pressing ahead with its diversification plans, Navratna PSU National Aluminium Company Limited (NALCO) plans to set up a 50.4-MW wind power project at a cost of Rs 274 crore in Gandikota, in Kadapa district of Andhra Pradesh.

2G taint on Maran, Sun TV shares fall

Posted: 02 Jun 2011 02:27 AM PDT

Shares in broadcaster Sun TV fell more than 31 percent on Thursday after media reports said the founder's brother, textiles minister Dayanidhi Maran, was named in the 2G spectrum scam lawsuit.

P&G likely to make GBP 38bn bid for Unilever

Posted: 01 Jun 2011 11:27 PM PDT

In what could be one of the biggest deals in the global FMCG sector, consumer goods giant Procter & Gamble is rumoured to be lining up a 38 billion bid for its biggest rival Unilever.

Rupee opens 8 paise lower against US dollar

Posted: 01 Jun 2011 09:36 PM PDT

The Indian rupee depreciated by 8 paise to Rs 44.92 against the US dollar in early trade on the Interbank Foreign Exchange on Thursday, tracking dollar gains against other currencies overseas and a weak trend in the equity market.

Sensex slumps 192 points on weak global cues

Posted: 01 Jun 2011 09:30 PM PDT

The BSE benchmark Sensex fell sharply by over 192 points in opening trade on Thursday as foreign funds and retail investors booked profits made during the previous two sessions, taking cues from weak global markets.
Posted by Harshad at 9:21 PM

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