Friday, July 1, 2011

Women just 5% of corporate boards

Women just 5% of corporate boards


Women just 5% of corporate boards

Posted: 01 Jul 2011 01:43 PM PDT

Women constitute only 5.3% of the total number of board members in the top 100 companies by market capitalization on the Bombay Stock Exchange.


Google+ halts network invites on high demand

Posted: 01 Jul 2011 01:40 PM PDT

Google shut down the invite mechanism for its new Google+ social network after "insane demand," said Vic Gundotra, head of social efforts, on the company's website.


HDFC invests 135cr in Total Environment SPV

Posted: 01 Jul 2011 01:37 PM PDT

HDFC Asset Management Company has invested Rs 135 crore in a special purpose vehicle (SPV) floated by Bangalore-based luxury housing developer Total Environment Building Systems.


North Bangalore emerging as a premium residential hub

Posted: 01 Jul 2011 01:34 PM PDT

The Hebbal-Devanahalli stretch is fast emerging as a premium residential hub. Availability of land at relatively reasonable rates and key infrastructure developments has spurred developers to launch premium projects.


Equity funds in the red in first half of 2011

Posted: 01 Jul 2011 01:29 PM PDT

With the markets remaining patchy and volatile, the first half of 2011 has turned out to be almost a no-show for equity mutual funds (MFs).


Starwood to make India base for a mth

Posted: 01 Jul 2011 01:25 PM PDT

India's where the action is. First, global companies anointed India-born managers as CEOs as growth shifted from the West to emerging markets. Then MNCs started holding their global board meetings here in a symbolic move.


FMCG cos eye better margin, won't cut prices

Posted: 01 Jul 2011 01:17 PM PDT

Fast-moving consumer goods (FMCG) companies, especially makers of toilet soaps, are in no hurry to spoil this party of a steep correction in prices of raw materials like palm oil.


We have power of unfettered access: CAG

Posted: 01 Jul 2011 01:01 PM PDT

The government's official auditor has said he is armed with the power of "unfettered access" to examine accounts of private operators of companies like Reliance and British Gas and that the Centre itself had backed the scrutiny.


Manufacturing index at 9-mth low

Posted: 01 Jul 2011 12:58 PM PDT

India's manufacturing sector output growth slowed to a nine-month low in June, a survey showed on Friday, indicating higher interest rates may have begun impacting expansion.


Apple, partners to acquire Nortel patents

Posted: 01 Jul 2011 12:56 PM PDT

Apple and five bidding partners agreed to buy Nortel Network's remaining patents for $4.5 billion, giving them access to a portfolio of technologies used in mobile phones and tablet computers.


'AI needs 135 planes to rebound'

Posted: 01 Jul 2011 12:53 PM PDT

Six years ago, UPA-I ordered 111 new planes worth Rs 50,000 crore for Air India and Indian Airlines to make way for a "world class" national carrier.


Car sales lose pace as interest rate hikes pinch

Posted: 01 Jul 2011 12:51 PM PDT

Car sales remained on the edge in June as higher interest rates and petrol prices kept the sentiment low. Strike at Maruti's Manesar plant also dampened the industry's mood as the country's biggest carmaker reported fall in growth.


ICICI Bank ups rates by 25 bps to counter higher cost of funds

Posted: 01 Jul 2011 12:49 PM PDT

Interest rates on home and other loans from ICICI Bank have gone up by 25 basis points following a decision by the country's largest private lender to increase its benchmark rates.


More incentives to widen NPS net

Posted: 01 Jul 2011 12:43 PM PDT

A complete overhaul of the New Pension Scheme (NPS) for individuals could be in the offing if recommendations of the committee headed by former Sebi chairman G N Bajpai are accepted.


Weber to quit Deutsche Bank, Jain's chances get brighter

Posted: 01 Jul 2011 12:39 PM PDT

Deutsche Bank will have to focus on internal candidates to take over as its next chief executive after former Bundesbank head Axel Weber spurned the role to become chairman-designate at UBS.


Property prices begin to dip, shows index

Posted: 01 Jul 2011 12:37 PM PDT

Aspired to buy a house but could not afford it? Finally, there is some good news for you.


Brand nationalism lights up Jyothy

Posted: 01 Jul 2011 12:34 PM PDT

Corner office: M P Ramachandran, chairman and MD, Jyothy Laboratories


Voda may have to pay 3700 crore tax

Posted: 01 Jul 2011 12:31 PM PDT

Vodafone may have to shell out withholding tax of up to Rs 3,700 crore during the current financial year on its $3.8 billion deal involving the purchase of shares from Mauritius-based Essar Com Ltd and Essar Communication Ltd.


Voda pays more to bag Essar deal

Posted: 01 Jul 2011 12:28 PM PDT

The troubled four-year-old joint venture partnership between British telecom giant Vodafone Group Plc and the Indian conglomerate Essar group ended amicably on Friday.


Land sale for Videocon unit scrapped

Posted: 01 Jul 2011 12:21 PM PDT

Taking note of TOI`s report on the coercive purchase of tribal land by the Chhattisgarh home minister`s son on behalf of Videocon, the collector of Janjgir Champa district on Friday cancelled the transfer of land, ruling it was "benaami" and "illegal". He ordered that the land be restored to tribal farmers.


ICICI, 2 other banks raise rates; loans to cost more

Posted: 01 Jul 2011 08:37 AM PDT

Besides ICICI Bank, state-owned Indian Overseas Bank and Dena Bank have also announced increase in their lending rates by 25 basis points.


ICICI, 2 other banks raise rates; loans to cost more

Posted: 01 Jul 2011 08:37 AM PDT

Besides ICICI Bank, state-owned Indian Overseas Bank and Dena Bank have also announced increase in their lending rates by 25 basis points.

Tata's market wealth over $100bn

Posted: 01 Jul 2011 08:22 AM PDT

The country's top corporate house Tata group's stock market wealth on Friday crossed the $ 100 billion mark, as some of its companies including IT giant TCS gained value despite an overall weak market.


CBI books ex-DGH VK Sibal on graft charges

Posted: 01 Jul 2011 07:09 AM PDT

CBI has registered a case against former chief of Directorate General of Hydrocarbons, VK Sibal and seven others for allegedly favouring a US-based firm in carrying out seismic exploration of oil and gas along Indian coasts.


Rupee hits near 2-month high on euro gains, dollar inflows

Posted: 01 Jul 2011 06:41 AM PDT

The rupee hit a near two-month high on Friday supported by a strong euro and robust dollar inflows which helped offset the impact of weak local shares, and traders expect further gains in the euro to underpin the local unit next week.


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