Wednesday, August 3, 2011

China's agency downs US ratings to negative

China's agency downs US ratings to negative

China's agency downs US ratings to negative

Posted: 03 Aug 2011 06:50 PM PDT

The world may still be debating the consequences of the US federal government's decision to raise the country's debt limit. But China's statecontrolled credit rating agency, Dagong Global Credit Rating Co, has cast the first stone by pushing US rating into negative territory.

Never paid any bribe to anyone: Tata

Posted: 03 Aug 2011 06:44 PM PDT

Tata group chairman Ratan Tata on Wednesday rejected allegations of giving bribe to former telecom minister A Raja to secure 2G spectrum allocation and said charges being made during the court proceedings were an attempt at diversion.

Discount apparel stores may lose sheen

Posted: 03 Aug 2011 06:42 PM PDT

Top apparel brands that offer round-theyear discounts may have to rethink their strategy.

Auto loan rates to go up: Dealers

Posted: 03 Aug 2011 06:42 PM PDT

A day after mortgage lender HDFC announced an increase in loan rates, car lender Kotak Mahindra Prime said it would effect a 0.25% increase in loans effective August 8.

Nissan unveils Sunny, mulls small car

Posted: 03 Aug 2011 06:41 PM PDT

Nissan Motor Co unveiled its premium offering for the mid-size segment in India – Sunny – and also said it is studying the opportunity to launch a small car in the Indian market.

InMobi acquires US-based Sprout

Posted: 03 Aug 2011 06:39 PM PDT

InMobi, a mobile ad network company based in Bangalore, has acquired US-based Sprout, which creates rich media mobile advertising.

Gold metal prices near 25,000 mark

Posted: 03 Aug 2011 05:40 PM PDT

Gold prices rose to a new high in India to over Rs 24,000 per 10 gram, tracking international prices which neared the $1,700 per ounce mark on Wednesday.

World stocks at lowest since December

Posted: 03 Aug 2011 09:48 AM PDT

Global stocks as measured by MSCI fell to their lowest this year on Wednesday as investors fretted about the pace of economic growth.

Bank staff to go on nation-wide strike on August 5

Posted: 03 Aug 2011 07:15 AM PDT

Bank employees and officers unions will go on nation-wide strike on August 5 to protest against proposed banking sector reforms and wage related issues as conciliatory talks with the management has failed.

AI incurred loss of over Rs 5,500cr in 2009-10

Posted: 03 Aug 2011 07:13 AM PDT

National carrier Air India incurred a loss of over Rs 5,500 crore during the 2009-10 fiscal, the government said today.

Nissan India unveils 'Sunny' sedan, plans small car

Posted: 03 Aug 2011 06:40 AM PDT

Nissan Motor Co on Wednesday unveiled its premium offering for the mid-size segment in India - the new Nissan `Sunny' - and also said it is studying the opportunity to launch a small car in the Indian market.

GST will boost India's growth: Assocham

Posted: 03 Aug 2011 06:15 AM PDT

The implementation of goods and services tax (GST) could boost the country's GDP by about 2 per cent annually, industry body Assocham said on Wednesday.

Sensex ends below 18k on growth worries

Posted: 03 Aug 2011 04:52 AM PDT

The Bombay Stock Exchange's 30-scrip index, which had lost 204 points in the last run, touched the intraday low of 17,859.50 before closing 169.34 points down at 17,940.55, a level last seen on June 16.

Will release salary of Air India employees soon: PM assures Lok Sabha

Posted: 03 Aug 2011 01:48 AM PDT

It is an open secret that Air India is in "serious difficulty", Manmohan Singh said, adding that the government has formed a Group of Ministers to look into the steps to be taken for financial restructuring of the airline.

PM promises Air India employees will get salaries soon

Posted: 03 Aug 2011 01:48 AM PDT

It is an open secret that Air India is in "serious difficulty", Manmohan Singh said, adding that the government has formed a Group of Ministers to look into the steps to be taken for financial restructuring of the airline.

Bharti airtel Q1 net down nearly 28%

Posted: 03 Aug 2011 12:39 AM PDT

Telecom major Bharti airtel on Wednesday said its net profit dipped nearly 28% to Rs 1,215.2 crore in the quarter ended June 30, 2011.

Sensex drops below 18K-mark on global cues

Posted: 02 Aug 2011 11:31 PM PDT

The Bombay Stock Exchange benchmark Sensex dropped further by 133 points to below the psychological 18,000-mark at 17,977.35 in early trade on Wednesday on persistent selling by operators on mounting concerns about slowing global growth.

Gold futures touch new high of Rs 24,648

Posted: 02 Aug 2011 11:27 PM PDT

Riding high on a firming trend overseas, gold futures for delivery in February next year reached a record high of Rs 24,648 per 10 grams on Wednesday.

Internet a windfall for Australian economy

Posted: 02 Aug 2011 10:45 PM PDT

The Internet now accounts for 3.6% of Australia's economic growth, rivalling the retail sector in value or worth about half the country's lucrative mining exports, a study reported Wednesday.

Tata Motors launches Aria variants

Posted: 02 Aug 2011 10:32 PM PDT

The country's largest auto player Tata Motors on Tuesday rolled out three variants of its recently launched crossover SUV, the Aria.

Rupee down 7 paise against US dollar in early trade

Posted: 02 Aug 2011 09:55 PM PDT

Forex dealers said strengthening of the dollar against other Asian currencies overseas and a lower opening in the domestic stock market mainly put pressure on the rupee.

Sensex tanks over 200 points on global cues

Posted: 02 Aug 2011 09:39 PM PDT

The BSE benchmark Sensex plummeted by over 223 points in opening trade on Wednesday to trade below the 18,000-mark on continued selling by foreign funds and retail investors.
Posted by Harshad at 9:40 PM

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