Wednesday, July 27, 2011

Ford to wheel in $1bn next to Nano plant

Ford to wheel in $1bn next to Nano plant


Ford to wheel in $1bn next to Nano plant

Posted: 27 Jul 2011 06:31 PM PDT

The world's fourth largest car-maker Ford has decided to set up a three lakh-cars-per-annum manufacturing plant in Sanand.


Cox & Kings bids for UK travel company

Posted: 27 Jul 2011 12:30 PM PDT

In the biggest cross-border deal in the travel services space in India, Cox & Kings, the country's oldest tour operator, has made an offer to acquire British travel company Holidaybreak for pounds 312 million.


Big banks block move to free savings rates

Posted: 27 Jul 2011 12:28 PM PDT

At a time when interest rates are rising, some of the country's largest banks are trying to block a move to deregulate savings bank rate, fearing their cost would rise beyond 4% in a free market regime.


Exporters to feel pinch of rising Re

Posted: 27 Jul 2011 12:21 PM PDT

The rupee's rise—it touched a three-year high on Wednesday—will adversely impact exporters. It has already impacted margins in the software business, which is one of India's biggest exporters, and it could get worse.


Superstars spoil corporates' film foray

Posted: 27 Jul 2011 12:18 PM PDT

When Chillar Party, co-produced by Salman Khan, was released earlier this month, it marked the reaffirmation of a recent trend in Bollywood: Every A-list star has his own film production house.


Big-bang market reforms expected today

Posted: 27 Jul 2011 12:09 PM PDT

Sebi board will on Thursday consider proposals to ease the burden on domestic and overseas investors as well as companies by initiating major changes in the present system.


MS India, former boss face penalty

Posted: 27 Jul 2011 12:00 PM PDT

Customs and Central Excise Settlement Commission has imposed a fine of Rs 2 crore on Microsoft India and Rs 10,000 on its former chairman Ravi Venkatesan in a case of customs duty evasion involving sale of its software in India.


Vodafone, Idea increase pre-paid tariff by 20 pc

Posted: 27 Jul 2011 10:20 AM PDT

Two leading mobile operators, Vodafone Essar and Idea Cellular, are understood to have increased pre-paid tariffs by up to 20 per cent, in line with the recent Bharti Airtel move.


UCO Bank Q1 net rises 12.42 per cent

Posted: 27 Jul 2011 07:22 AM PDT

Net profit of UCO Bank in the first quarter of FY12 increased 12.42 per cent at Rs 292 crore as compared to Rs 260 crore in the same corresponding period last fiscal.


Rupee closes at over 3-month high

Posted: 27 Jul 2011 06:44 AM PDT

After touching a nearly three-year high during the day, the rupee on Wednesday closed 10 paise up at 44.08/09 -- a three-and-a-half months high -- against the US dollar on increased dollar selling by banks and exporters.


Sensex closes 86 points lower

Posted: 27 Jul 2011 04:21 AM PDT

Extending losses for the second day, the Bombay Stock Exchange benchmark sensex closed 86 points down today, a day after the Reserve Bank raised key policy rates to tame inflation


SAIL-led consortium to submit final bid for Afghan Hajigak mine

Posted: 27 Jul 2011 03:43 AM PDT

Three public sector units and an equal number of private sector companies would form a consortium, led by Steel Authority of India Ltd (SAIL), will submit the final bid for theHajigak iron ore mine in Afgansitan, SAIL ChairmanC S Verma said on Tuesday.


Oil falls as U.S. debt crisis drags on; stocks gain unexpectedly

Posted: 26 Jul 2011 10:09 PM PDT

Oil fell on Wednesday as a stalemate in the United States over raising the debt ceiling dragged on, with analysts saying the wrangling had already damaged the economy.


Rupee rises to 34-month high on weak dollar

Posted: 26 Jul 2011 09:52 PM PDT

The Indian rupee rose to its highest level in 34 months on Wednesday as the US dollar fell overseas and Asian peers climbed.


Sensex in positive zone

Posted: 26 Jul 2011 09:31 PM PDT

The BSE benchmark Sensex gained nearly 53 points in opening trade on Wednesday on the back of bargain buying of select stocks by funds and retail investors.


TCS, Wipro in race for Tirupati temple project

Posted: 26 Jul 2011 09:24 PM PDT

TCS and Wipro are among three companies vying to bag the prestigious Sri Seva Project of the Tirumala Tirupati Devasthanam (TTD) to provide IT solutions that will help devotees.

Stay locked in FDs as rates rise

Posted: 26 Jul 2011 11:53 AM PDT

The spate of rate hikes by the RBI has made loans costlier, but after the latest round of monetary tightening gross returns from fixed deposits could well touch 9% for a one-year period.

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