Tuesday, June 28, 2011

US, India vow to deepen economic engagement

US, India vow to deepen economic engagement


US, India vow to deepen economic engagement

Posted: 28 Jun 2011 05:47 PM PDT

India and US on Tuesday vowed to deepen bilateral and multilateral engagement in order to fully capitalise on economic opportunities in the two countries.


Poor worst affected by price rise

Posted: 28 Jun 2011 05:00 PM PDT

The recent rise in income levels has helped the middle class cope with higher prices, but the poor have been adversely affected.


ABC to go beyond India

Posted: 28 Jun 2011 04:57 PM PDT

The council of management of the Audit Bureau of Circulations (ABC) recently met in Dubai — the first time in 63 years — and decided to play a major role in expanding its services beyond India, especially assisting neighbouring countries in undertaking circulation audit.


Signs of revival for Vedanta's mining project?

Posted: 28 Jun 2011 04:46 PM PDT

A sub-committee of the environment ministry has given the go-ahead to mining the Niyamgiri hills, months after Union environment minister Jairam Ramesh had put the refinery project on hold for violation of green norms.


'India role model for balanced growth’

Posted: 28 Jun 2011 01:24 PM PDT

India over the years has emerged as a role model for balanced economic growth for countries across the world, US Treasury Secretary Timothy Geithner said on Tuesday.


India can live with 6-6.5% inflation, says Pranab

Posted: 28 Jun 2011 01:16 PM PDT

India can live with an inflation of 6-6.5% which should be a tolerable level for the economy, finance minister Pranab Mukherjee said on Tuesday but cautioned that inflation would be a little more this year.


Tata Motors moves SC on Singur land

Posted: 28 Jun 2011 01:10 PM PDT

Tata Motors on Tuesday moved the Supreme Court, seeking stay on the Bengal government's legislative and administrative action to take back Singur land allotted to the company in 2007 for the Nano small car project and give it back to farmers.

Offer more services in no-frill a/cs: RBI to banks

Posted: 28 Jun 2011 12:57 PM PDT

The Reserve Bank of India has pulled up banks for paying lip service to financial inclusion by opening millions of no-frills accounts which have minimal transactions.


Edible oil prices set to fall

Posted: 28 Jun 2011 12:55 PM PDT

At a time when consumers are burdened with rising costs, here's something to cheer about. Edible oil prices have eased, prompting players like Adani Wilmar and Ruchi Soya Industries to reduce consumer prices across brands.

Mallya’s USL in talks to acquire Bangladesh distillery assets

Posted: 28 Jun 2011 12:32 PM PDT

United Spirits (USL) has inducted Vineet Chhabra, who was chief executive of food business at Gautam Thapar's Avantha Group, to spearhead its emerging markets unit even as the company initiated talks for potential acquisitions in Sri Lanka, Bangladesh and Mauritius, chairman Vijay Mallya said.


Welspun set to ink $600m PE deal

Posted: 28 Jun 2011 12:11 PM PDT

The promoters of the $3-billion textile-to-pipe conglomerate Welspun Group are holding talks with private equity heavyweights Apollo Management, Blackstone and Carlyle to raise up to $600 million, or roughly Rs 2,699 crore, said sources familiar with the development.


Lagarde named first woman IMF chief

Posted: 28 Jun 2011 11:17 AM PDT

French finance minister Christine Lagarde on Tuesday was elected the managing director of the International Monetary Fund, maintaining Europe's grasp on the top job at the global lender.


Enjoy Swiss Airlines 'piece concept'

Posted: 28 Jun 2011 05:31 AM PDT

Indian passengers travelling to Europe with the Swiss International Airlines can now avail of an increased free baggage allowance of upto 96 kg for first class; 64 kg for business class and 23 kg for economy class.


Sensex closes with moderate gains

Posted: 28 Jun 2011 03:50 AM PDT

A benchmark index of Indian equities markets on Tuesday closed with moderate gains, having traded in a tight range throughout the day.


Sensex down 19 pts after 3-week high

Posted: 27 Jun 2011 11:11 PM PDT

The BSE benchmark sensex surged to a three-week high in early trade on Tuesday but failed to maintain the initial gains and was trading down by 19 points at 10.15am.


Rupee gains 4 paise against US dollar

Posted: 27 Jun 2011 09:49 PM PDT

The rupee appreciated by 4 paise to Rs 44.99 per dollar in opening trade on the Interbank Foreign Exchange on Tuesday, supported by dollar weakness against the euro.


Sensex gains for 4th day, up 96 points

Posted: 27 Jun 2011 09:46 PM PDT

The Bombay Stock Exchange benchmark sensex extended its gains for the fourth day by adding almost 96 points in opening trade on Tuesday.


Toyota's Etios Liva to take on Swift, i10

Posted: 27 Jun 2011 01:09 PM PDT

Japanese auto giant Toyota on Monday drove in Etios Liva compact to mark its presence in the high-volume small car segment competing with existing leaders like Swift, Ritz, i10 and also new-entrants like Beat, Polo and Figo.

Nilekanis gift Rs 50 cr for environment school

Posted: 27 Jun 2011 12:53 PM PDT

UID chairman and Infosys co-founder Nandan Nilekani and his wife Rohini have gifted Rs 50 crore to the Indian Institute for Human Settlements to fund the establishment of its school of environment and sustainability.

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