NTC to set up technical textile cluster |
- NTC to set up technical textile cluster
- Cognizant to buy CoreLogic India
- A close friend of Dravid, Anshu Jain's mad about cricket
- Walt Disney offers to buy out UTV for 2k cr
- Get ready to fork out steep EMIs
- Surprising market was not the objective: D Subbarao
- India slips on global FDI chart from 8th to 14th slot
- Market shocked, sensex plunges by 353 pts
- Jaisingh is StanC PE global co-CEO
- US likely to lose 'AAA' rating: Economists
- US edges closer to default as debt talks collapse
- MahSatyam mulling options against insurers
- Rupee ends 22 paise up against dollar
- Sensex loses 353 pts after RBI hikes rates
- RBI defends hike in repo rate
- Narayana Murthy gives nod to become chief mentor of Bengal IT panel
- DLF, Unitech down after RBI rate hike
- Rupee recovers by 10 paise vs dollar
- Asian stocks higher, amid caution over US debt
| NTC to set up technical textile cluster Posted: 26 Jul 2011 06:34 PM PDT State-owned National Textile Corporation (NTC) is making a foray into processing and plans to set up a technical textiles cluster with private partnership. 
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| Cognizant to buy CoreLogic India Posted: 26 Jul 2011 06:29 PM PDT US-based IT major Cognizant announced it would soon complete the acquisition of CoreLogic Global Services Private Ltd, the India-based captive operations of CoreLogic Inc, a global business analytics solutions provider. 
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| A close friend of Dravid, Anshu Jain's mad about cricket Posted: 26 Jul 2011 12:15 PM PDT Anshu Jain's appointment as co-CEO of Deutsche Bank is seen to be good for both Indian business as well as the German bank's Indian operations. 
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| Walt Disney offers to buy out UTV for 2k cr Posted: 26 Jul 2011 12:13 PM PDT American entertainment giant Walt Disney Company will spend Rs 2,000 crore to take complete control of the Mumbai-based UTV Software Communications. 
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| Get ready to fork out steep EMIs Posted: 26 Jul 2011 12:07 PM PDT On Tuesday, the RBI raised the rate at which it lends to banks (repo rate) to 8%. This is its 11th successive rate hike in 15 months and makes RBI the most aggressive central banker in recent times. 
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| Surprising market was not the objective: D Subbarao Posted: 26 Jul 2011 11:58 AM PDT In an interaction with the media, RBI governor D Subbarao explained the rationale behind the central bank's surprise move to increase key rates and the likelihood of another round of hikes. Excerpts: 
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| India slips on global FDI chart from 8th to 14th slot Posted: 26 Jul 2011 11:55 AM PDT India slipped from being the 8th largest recipient of foreign direct investment (FDI) in 2009 to the 14th largest in 2010, according to a UN report released on Tuesday. 
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| Market shocked, sensex plunges by 353 pts Posted: 26 Jul 2011 11:39 AM PDT A more-than-expected hike in policy rates by the Reserve Bank of India (RBI), which many described as "shocking", led to a sell-off on Dalal Street, pulling the sensex down by 353 points. 
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| Jaisingh is StanC PE global co-CEO Posted: 26 Jul 2011 11:25 AM PDT Standard Chartered Bank has named Nainesh Jaisingh as the global co-CEO of its private equity business with a specific mandate to spur growth in emerging markets and West Asia. 
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| US likely to lose 'AAA' rating: Economists Posted: 26 Jul 2011 10:01 AM PDT The United States will lose its top-notch AAA credit rating from at least one major rating agency, according to a Reuters poll that also found wrangling over the debt ceiling has already damaged the economy. 
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| US edges closer to default as debt talks collapse Posted: 26 Jul 2011 07:54 AM PDT "For the first time in history, country's triple-A credit rating would be downgraded, leaving investors globally to wonder whether the US is still a good bet," said Obama. 
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| MahSatyam mulling options against insurers Posted: 26 Jul 2011 07:40 AM PDT Mahindra Satyam is considering various options for initiating proceedings against a clutch of insurers, which have disputed claims on the policy taken by the company when it was run by disgraced founder B Ramalinga Raju. 
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| Rupee ends 22 paise up against dollar Posted: 26 Jul 2011 06:30 AM PDT Despite a steep fall in equities, the rupee on Tuesday gained 22 paise to close at a three-and-a-half month high of 44.18/19 against the US currency, due to fresh dollar selling amid a sluggish Greenback overseas. 
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| Sensex loses 353 pts after RBI hikes rates Posted: 26 Jul 2011 04:48 AM PDT The BSE benchmark Sensex on Tuesday plunged the most in five weeks, shedding 353 points on selling of bank and interest-sensitive stocks as markets reacted to the RBI's decision to raise interest rates by 50 basis points. 
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| Posted: 26 Jul 2011 02:47 AM PDT The Reserve Bank of India (RBI) said that the demand pressures had remained strong and actual inflation so far had been higher than expected. 
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| Narayana Murthy gives nod to become chief mentor of Bengal IT panel Posted: 26 Jul 2011 02:18 AM PDT Sam Pitroda, the head of the National Innovation Council, is the chairman of the state IT panel. 
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| DLF, Unitech down after RBI rate hike Posted: 26 Jul 2011 12:56 AM PDT The Bombay Stock Exchange (BSE) 30-share Sensex was also trading lower by 282.48 points or 1.50 per cent at 18,588.81 at 1207 hours. 
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| Rupee recovers by 10 paise vs dollar Posted: 25 Jul 2011 11:23 PM PDT The Indian rupee recovered by 10 paise to Rs 44.30 against the US dollar in early trade on Tuesday on fresh selling of dollars by banks and exporters in view of dollar weakness in the overseas market. 
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| Asian stocks higher, amid caution over US debt Posted: 25 Jul 2011 10:24 PM PDT Asian stocks edged higher in cautious trade on Tuesday as Washington lawmakers try to hammer out a deal to avert a catastrophic US default. 
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