Friday, July 29, 2011

SpeakAsia COO arrested for 1,320cr scam

SpeakAsia COO arrested for 1,320cr scam

SpeakAsia COO arrested for 1,320cr scam

Posted: 29 Jul 2011 04:45 PM PDT

Three other senior members of the company were also arrested but not the CEO, who the police say, is hiding in Dubai.

SpeakAsia COO arrested for 1,320cr scam

Posted: 29 Jul 2011 04:45 PM PDT

Three other senior members of the company were also arrested but not the CEO, who the police say, is hiding in Dubai.

Jindal, Adani cos tank on Karnataka mining scam

Posted: 29 Jul 2011 04:44 PM PDT

The stocks of three Sajjan Jindal group companies, along with three from the Adani Group, came in for heavy selling after the names of these two corporate groups cropped up in the report submitted by the Lokayukta in the Karnataka mining scam.

Core sector clocks 5.2% growth in June

Posted: 29 Jul 2011 04:34 PM PDT

With electricity and steel showing healthy production growth, the eight core infrastructure industries expanded by 5.2% in June as against 4.4% in the same period last year.

Sebi's plan boosts EIH, Viceroy stocks

Posted: 29 Jul 2011 04:22 PM PDT

The proposed changes to Sebi's takeover code lifted sentiments in a host of companies in which market players feel that the existing large shareholders could increase their stakes.

ICICI Bank picks 29.30% stake in GTL

Posted: 29 Jul 2011 04:19 PM PDT

The country's largest private lender, ICICI Bank, has acquired a 29.3% stake in troubled telecom infrastructure company GTL by taking over 28.5 million shares pledged by the promoters, making the banking giant the largest shareholder of the Manoj Tirodkar-owned company.

New US standards to boost small car sales

Posted: 29 Jul 2011 04:13 PM PDT

For years America has been the last bastion for gas-guzzling big wheels. Now a new industry commitment on mileage could change all that, offering India's booming small car market access to the Mecca of Motown-USA.

We are running out of time, says Obama

Posted: 29 Jul 2011 04:07 PM PDT

Amid incessant chatter of an impending economic catastrophe for the United States spilling over to the rest of the world, President Obama on Friday urged American lawmakers to end their bickering and come to an agreement over raising the country's debt ceiling so that the US government can pay its bills.

US economy stumbles badly in first half

Posted: 29 Jul 2011 08:38 AM PDT

The US economy stumbled badly in the first half of 2011 and came dangerously close to contracting in the January-March period, raising the risk of a recession if a stand-off over the nation's debt does not end quickly.

SAIL Q1 net down 29% to Rs 838 cr

Posted: 29 Jul 2011 07:57 AM PDT

Steel Authority of India today reported a 29 per cent dip in Q1 FY'12 net profit at Rs 838 crore on costlier coking coal, a key steel-making ingredient, though the sale of the alloy was 18 per cent higher over the year-ago period.

Rupee down by 11 paise against dollar

Posted: 29 Jul 2011 06:28 AM PDT

Snapping three days of gains the rupee today closed 11 paise down at 44.18/19 against the US currency on heavy dollar demand amid a firm American unit overseas and weak equities.

Sensex dips 223 pts to 5-week low

Posted: 29 Jul 2011 05:17 AM PDT

Carrying forward its three-day losses, the BSE benchmark index Sensex on Friday closed 12 points lower at 18,197.20 as funds and investors sold realty, metal, oil& gas and power sector stocks amid fears of more rate hikes to control a stubbornly high inflation and weak global cues.

IDBI, Central Bank of India hike rates by 75 basis points

Posted: 29 Jul 2011 05:01 AM PDT

Two more leading public sector lenders, Central Bank of India and IDBI Bank, on Friday joined the rate hike spree following the Reserve Bank's recent hike in interest rates by announcing a hike of 75 basis point in their base rates.

Speak Asia's COO Tarak Bajpai arrested

Posted: 29 Jul 2011 03:08 AM PDT

The Mumbai police has arrested the chief operating officer of an online survey company for alleged financial irregularities, police said on Friday.

ICICI Bank Q1 Net up 53% to Rs 1,667cr

Posted: 29 Jul 2011 01:49 AM PDT

Private sector lender ICICI Bank today reported a 53% jump in its consolidated net profit to Rs 1,667 crore for the first quarter ended June 30.

University of Oxford to launch merchandise in India

Posted: 28 Jul 2011 11:16 PM PDT

This could be some solace for those who have made it in life but still regret missing out on an Oxford badge, and a chance for youngsters to wear their destination: The University of Oxford plans to launch its merchandise in India.

Rupee down by 4 paise against dollar in early tradeRupee eases by 5 paise versus US dollar in early trade

Posted: 28 Jul 2011 11:02 PM PDT

The Indian rupee declined marginally by 5 paise to Rs 44.12 per US dollar in early trade on Friday on month-end dollar demand from importers despite dollar weakness in overseas markets.

Rupee eases by 5 paise versus US dollar

Posted: 28 Jul 2011 11:02 PM PDT

The Indian rupee declined marginally by 5 paise to Rs 44.12 per US dollar in early trade on Friday on month-end dollar demand from importers despite dollar weakness in overseas markets.

Rupee down by 4 paise against dollar in early trade

Posted: 28 Jul 2011 09:34 PM PDT

The Indian rupee lost 4 paise to Rs 44.11 per US dollar in early trade on the Interbank Foreign Exchange today, weighed down by dollar gains against other Asian currencies overseas and a weak trend in the stock market.

Sensex extends losses, down over 75 pts

Posted: 28 Jul 2011 09:32 PM PDT

Sensex fell further by over 75 points to 18,134.42 in opening trade on Friday, extending its losses for the fourth straight day on continued selling by foreign funds and retail investors, amid weak global cues.
Posted by Harshad at 9:05 PM

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