Monday, June 27, 2011

US, India not at odds on financial goals, says Timothy Geithner

US, India not at odds on financial goals, says Timothy Geithner


US, India not at odds on financial goals, says Timothy Geithner

Posted: 27 Jun 2011 05:51 PM PDT

US treasury secretary Timothy Geithner said on Monday that the United States and India had complementary objectives in developing India's financial markets.


Railway ad gets gold at Cannes

Posted: 27 Jun 2011 01:27 PM PDT

A Railway commercial produced for the commonwealth games got a gold medal at the prestigious Cannes advertisement festival for best use of music.


‘Large i-banks don’t offer intelligence'

Posted: 27 Jun 2011 01:18 PM PDT

Sunil Godhwani, the chairman and managing director of Religare Enterprises, the financial services company floated by the Singh family of Ranbaxy, does not seem too perturbed about the losses reported last year.


'TimesJobs, MagicBricks No. 1 in May'

Posted: 27 Jun 2011 01:06 PM PDT

Job portal TimesJobs.com and MagicBricks.com, an online property website, have both emerged as the top most visited websites in their respective categories for the month of May as per the latest data released by comScore, a web analytics company.

Blackstone to pick up stake in FINO

Posted: 27 Jun 2011 12:50 PM PDT

Private equity fund Blackstone is set to pick up around 20% equity in FINO, a tech company that bankers say has huge potential because of its success in providing last-mile connectivity to those untouched by financial services.


Trent eyes Inditex JVs, ends ties with Benetton

Posted: 27 Jun 2011 12:46 PM PDT

The Tata Group's retail arm Trent is rejigging its global fashion brands portfolio. Noel Tata-spearheaded firm is expanding its association with Spanish retail behemoth Inditex following the success of Zara stores in India.


MFs can raise $10bn from overseas investors

Posted: 27 Jun 2011 12:35 PM PDT

The government on Monday opened the doors for mutual funds to tap overseas investors to raise up to $10 billion (around Rs 45,000 crore).


Cairn, Vedanta lower deal value

Posted: 27 Jun 2011 12:23 PM PDT

The managements of Scottish explorer Cairn Energy Plc and Vedanta Resources of NRI metals tycoon Anil Agarwal, which are negotiating a $9.6-billion deal, on Monday announced major changes in the terms of their transaction that signal an acceptance of the fact that the new owner of Cairn India will have to take on a $2.5-billion royalty burden in the company's crown jewel—the Barmer oilfields in Rajasthan.


Tata Motors to challenge Singur land distribution in SC

Posted: 27 Jun 2011 10:42 AM PDT

Tata Motors on Monday said it will move the Supreme Court against distribution of land which the West Bengal government had taken back from the company through an Act passed in the assembly.


Centre to lose Rs 24,000 crore on petro duty cuts in FY12: Finance ministry

Posted: 27 Jun 2011 09:21 AM PDT

Pegging the losses on account of duty cuts on petroleum goods at Rs 24,000 crore in 2011-12, the finance ministry on Monday said it would take steps to restrict fiscal deficit to 4.6% of the GDP.


Centre to lose Rs 24,000 crore on petro duty cuts in FY12: Finance ministry

Posted: 27 Jun 2011 09:21 AM PDT

Pegging the losses on account of duty cuts on petroleum goods at Rs 24,000 crore in 2011-12, the finance ministry on Monday said it would take steps to restrict fiscal deficit to 4.6% of the GDP.

More states reduce diesel, LPG price

Posted: 27 Jun 2011 08:49 AM PDT

Steps by states to soften the impact of the fuel and LPG hike on common man gained momentum on Monday with Kerala, Punjab, Himachal Pradesh, Uttarakhand and Delhi decreasing their prices after reducing VAT and other levies.


Govt tampering with CAG report on KG Basin, suspects Joshi

Posted: 27 Jun 2011 07:53 AM PDT

PAC chairperson Murli Manohar Joshi on Monday said he suspected that the government was tampering with the CAG draft report on KG-D6 Basin and sought to know the reason for the delay in vetting the report.


Indian mobile handset market grows by 15 %

Posted: 27 Jun 2011 07:39 AM PDT

Revenues of the Indian mobile handset market grew by 15 per cent to touch Rs 33,171 crore in 2010-11 from Rs 28,897 crore a year back, according to an annual survey by the telecom industry journal Voice&Data.


Montek allays slowdown fears

Posted: 27 Jun 2011 07:36 AM PDT

Seeking to dispel fears of slowdown in growth rate due to the worsening economic climate, Planning Commission deputy chairman Montek Singh Ahluwalia on Monday said the economy would grow between 8.2 and 8.5 per cent this year.


Toyota Etios LIVA launched!

Posted: 27 Jun 2011 07:11 AM PDT

The new Toyota Etios Liva has been priced between Rs 3.99 - 5.99 lakhs (ex-showroom Delhi), and will be available to customers in 5 trim variants including an optional package for the G variant.


Pranab urge states to cut levies on diesel, LPG

Posted: 27 Jun 2011 06:10 AM PDT

Finance minister Pranab Mukherjee has urged state governments to cut levies on diesel, kerosene and domestic LPG to provide some relief to the common man from the recent hike in fuel prices.


Americans spend at weakest pace in 20 months

Posted: 27 Jun 2011 05:44 AM PDT

Americans spent at the weakest pace in 20 months, a sign that gas prices are taking a toll on the economy.


Toyota launches hatchback car Etios Liva

Posted: 27 Jun 2011 04:13 AM PDT

Eyeing the huge compact car market in India, Japanese automobile major Toyota Monday launched its entry-level hatchback car Etios Liva priced between Rs.3.99 lakh to Rs. 5.99 lakh.


Sensex up 172pts post fuel price hikes

Posted: 27 Jun 2011 03:46 AM PDT

The BSE sensex gained 172 points on Monday to close at 2-week high of over 18,412 points as investors bought oil stock after fuel price hikes, on hopes that the move will improve sectoral earnings, ignoring fears that it might also add to inflationary pressures.

Sensex closes 180 points higher

Posted: 27 Jun 2011 03:46 AM PDT

A benchmark index of Indian equities markets on Monday closed 180 points higher. Strong buying was seen in capital goods, banking, auto and energy stocks as a hike in diesel, kerosene and LPG prices boosted investor sentiments.


Toyota to expand output capacity to 210,000 vehicles in India

Posted: 27 Jun 2011 03:15 AM PDT

Toyota Motor said on Monday it will increase its annual production capacity in India to 210,000 vehicles from 150,000 in the first half of 2012.


Toyota launches small car Liva priced at Rs 3.99 lakh onwards

Posted: 27 Jun 2011 12:15 AM PDT

Japanese carmaker Toyota today launched the petrol variant of its much anticipated small car Liva in India, priced between Rs 3.99 lakh and Rs 5.99 lakh.


Sensex back in positive zone

Posted: 26 Jun 2011 10:15 PM PDT

The BSE benchmark Sensex shrugged off early losses to trade almost 182 points higher at 1015 hours today on the back of fresh buying in oil and gas, PSUs, capital goods and auto sector stocks.


Rupee down by 12 paise against US dollar

Posted: 26 Jun 2011 10:13 PM PDT

The Indian rupee depreciated by 12 paise to Rs 45.11 against the US dollar in early trade on the Interbank Foreign Exchange on Monday, tracking dollar gains against other currencies overseas.


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