Tuesday, September 27, 2011

HRA not a right, merely a compensation: HC

HRA not a right, merely a compensation: HC


HRA not a right, merely a compensation: HC

Posted: 27 Sep 2011 03:23 PM PDT

The HC has ruled that house rent allowance (HRA) is not a right.


Anil Ambani to unlock value in 4 cos

Posted: 27 Sep 2011 12:51 PM PDT

The Reliance Group is looking at unlocking values in all group companies operating in the financial services, telecommunications, power and infrastructure space.


Olympus set to lead 600cr infusion in DM Healthcare

Posted: 27 Sep 2011 12:44 PM PDT

Asia-focused private equity giant Olympus Capital Holdings may lead Rs 600crore, or $125 million, minority investment in hospital chain DM Healthcare to expand its India operations, said at least two sources directly familiar with the development.


Emami co drops 640cr Sterling bid

Posted: 27 Sep 2011 12:41 PM PDT

Emami-backed AMRI has exited the race to acquire Ahmedabad-based Sterling Hospitals, which is majority owned by private equity major Actis.


ONGC clears Cairn deal with a rider

Posted: 27 Sep 2011 12:34 PM PDT

ONGC seeks legally binding pact on royalty, cess.


Subbarao hints at further rate hike

Posted: 27 Sep 2011 12:29 PM PDT

Subbarao says central bank cannot support growth without fiscal consolidation.


Sensex closes 473 points up

Posted: 27 Sep 2011 05:07 AM PDT

Snapping its 4-day losing streak, the BSE benchmark Sensex today rebounded 473 points amid firm global trend and a proposal to cut the Securities Transaction Tax (STT).


Sensex up 484 pts on European cues

Posted: 27 Sep 2011 03:15 AM PDT

A positive opening at European markets also helped buying sentiments.


Nissan India targets three-fold growth in sales

Posted: 27 Sep 2011 02:49 AM PDT

Japanese car manufacturer Nissan targets over three-fold growth in sales in India in 2011, a company official said.

Nissan India targets three-fold growth in sales

Posted: 27 Sep 2011 02:49 AM PDT

Japanese car manufacturer Nissan targets over three-fold growth in sales in India in 2011, a company official said.


ISB dean Rangnekar appointed director of GMAC

Posted: 27 Sep 2011 01:42 AM PDT

Ajit Rangnekar, dean, Indian School of Business (ISB) was appointed as member of the Board of Directors of the Graduate Management Admission Council (GMAC).


Gold futures bounce back on global cues

Posted: 27 Sep 2011 01:23 AM PDT

Buoyed by partial recovery in global markets and covering of short positions at prevailing levels by speculators, gold rose by over 2% to Rs 26,251 per ten gram in futures trade today.


Rupee up by 31 paise vs dollar in early trade

Posted: 26 Sep 2011 11:53 PM PDT

The domestic currency hovered in a range between Rs 49.14 and Rs 49.30 per dollar during morning deals.


Sensex up 258 points on Asian markets

Posted: 26 Sep 2011 11:04 PM PDT

The BSE benchmark sensex was up by 258 points in early trade today on fresh buying by operators and investors, triggered by a rally in Asian stocks on reports that European policymakers are considering new steps to shore up European countries struggling with debt.


Rupee gains 28 paise against US dollar

Posted: 26 Sep 2011 09:50 PM PDT

The Indian rupee rose by 28 paise to Rs 49.17 per US dollar in early trade on the Interbank Foreign Exchange today, supported by euro gains against the American currency and a rebound in the domestic stock market.


Sensex rebounds by 305pts in opening trade

Posted: 26 Sep 2011 09:48 PM PDT

The Bombay Stock Exchange benchmark sensex rebounded by almost 305 points in opening trade today after a three-day losing streak on the emergence of buying by funds and retail investors, tracking a firming trend on other Asian bourses.


Gold, silver prices may dip further: Analysts

Posted: 26 Sep 2011 01:07 PM PDT

Gold saw its steepest ever intra-day trade in the domestic market, while silver continued its falling spree to lose nearly 30% since Friday as investors sold the two precious metals to generate cash in uncertain times.

Re fall ups debt payment burden

Posted: 26 Sep 2011 12:15 PM PDT

Indian companies are set to face further pressure due to the fall in the rupee against the dollar as several players have not hedged their currency risks, while those who have borrowed externally would have to shell out more for debt payment.

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