Monday, October 24, 2011

Essar ties up $1.8 bn upgrade

Essar ties up $1.8 bn upgrade


Essar ties up $1.8 bn upgrade

Posted: 24 Oct 2011 04:45 PM PDT

Diwali is a day away and antinoise pollution activists are waiting to see if the decibel restrictions they helped put in place are adhered to by Mumbaikars or enforced by the police.


Essar ties up $1.8 bn upgrade

Posted: 24 Oct 2011 04:45 PM PDT

Diwali is a day away and antinoise pollution activists are waiting to see if the decibel restrictions they helped put in place are adhered to by Mumbaikars or enforced by the police.

GAIL eyes trading in Singapore

Posted: 24 Oct 2011 04:39 PM PDT

With domestic gas output not showing any sign of increasing anytime soon, state-run utility GAIL is entering the international trading ring to ensure volumes for its expanding pipeline network at home.


GAIL eyes trading in Singapore

Posted: 24 Oct 2011 04:39 PM PDT

With domestic gas output not showing any sign of increasing anytime soon, state-run utility GAIL is entering the international trading ring to ensure volumes for its expanding pipeline network at home.

Poynt Corp, TIL launch mobile app

Posted: 24 Oct 2011 02:16 PM PDT

Poynt Corporation, a leading provider of mobile local search services, and Times Internet Limited (TIL), the internet and mobile venture of India's largest media house — the Times Group, announced the launch of their mobile local search application — timesPoynt — in India.


Steve Jobs admired Zuckerberg

Posted: 24 Oct 2011 02:12 PM PDT

Steve Jobs, who mentored Silicon Valley technology leaders in the months before he died, said he admired Facebook co-founder Mark Zuckerberg for "not selling out."


'India to grow faster than China'

Posted: 24 Oct 2011 02:08 PM PDT

India is expected to record higher growth than China in 2013 and the two Asian powerhouses are expected to be less impacted among the 25 rapid growth markets in case of a deterioration of the Eurozone debt crisis, a report by Ernst & Young said on Monday.


Banking MFs hit by rate hikes

Posted: 24 Oct 2011 02:06 PM PDT

With the series of interest rate hikes and worries on domestic growth continuing to impact sentiment, mutual funds (MFs) that invest in banking stocks have taken a hit and are languishing at the bottom of the performance chart.


1% relief for home loans up to Rs 15L

Posted: 24 Oct 2011 02:03 PM PDT

The government's scheme to provide 1% interest subsidy on home loans up to Rs 15 lakh, provided the cost of the property does not exceed Rs 25 lakh is an improvement of the existing facility where the benefit of interest subsidy is available to loans up to Rs 10 lakh, provided the cost of the property is Rs 20 lakh.


Swiss banks ready to reveal customer names

Posted: 24 Oct 2011 02:00 PM PDT

Swiss banks will likely settle a sweeping US probe of offshore tax evasion by paying billions of dollars and handing over names of thousands of Americans who have secret accounts, according to two people familiar with the matter.


Fresh IMF quotas plan set to get nod

Posted: 24 Oct 2011 01:55 PM PDT

The government is set to give its consent to increase India's quotas, or voting rights, in the IMF which will give it, along with China, Brazil and Russia, more say in running the multilateral agency that is now at the Centre of the bailout exercise in Europe.


India Inc can learn a lesson from Maruti strike

Posted: 24 Oct 2011 01:50 PM PDT

Companies have spent several man-hours in devising best practices in trade relations and creating a sense of ownership among workers.


DoT plans new M&A norms for telcos

Posted: 24 Oct 2011 01:47 PM PDT

The Department of Telecom (DoT) has asked telecom regulator Trai for a fresh set of recommendations on M&As, following telecom minister Kapil Sibal's recent statement that the telecom sector is too fragmented and requires consolidation.


Bank loans to cos fall 8.6% in April-Sept

Posted: 24 Oct 2011 01:39 PM PDT

What can Rs 19,216 crore get you? It can help set up large power plant, build around 2,000 km of four-lane highway or fund the Mahatma Gandhi National Rural Employment Guarantee Programme.


Cabinet may approve National Manufacturing Policy

Posted: 24 Oct 2011 01:34 PM PDT

The Cabinet is expected to approve the widely awaited National Manufacturing Policy (NMP) which aims to increase the share of manufacturing in the economy and create 100 million jobs in the next 10 years.


Be ready for another rate hike

Posted: 24 Oct 2011 01:32 PM PDT

Loans are set to get more expensive for individuals and businesses even as a Reserve Bank of India's quarterly poll of economists showed growth expectations falling to 7.6% from an earlier 7.9%.


Thailand floods may hit Indian auto companies

Posted: 24 Oct 2011 01:29 PM PDT

The floods in Thailand are threatening to disrupt component supplies to carmakers in India, at a time when many of them are still coming out of the supply constraints suffered due to the tsumani and quake in Japan.


Rupee recovers by 19 paise against dollar

Posted: 24 Oct 2011 06:39 AM PDT

losing string and recovered by 19 paise to settle at 49.82/83.


Sensex closes 154 points up

Posted: 24 Oct 2011 04:31 AM PDT

The BSE benchmark Sensex today gained 153.64 points to close at 16,939.28 on value buying by funds in blue-chips, especially in the IT and auto sectors


'India to grow faster than China in 2013'

Posted: 24 Oct 2011 01:48 AM PDT

India is projected to grow at a faster clip than neighbouring China with a 9 per cent economic expansion in 2013, says a report by global consultancy firm Ernst & Young.


Rupee rises on shares, importers' demand eyed

Posted: 23 Oct 2011 10:18 PM PDT

The Indian rupee strengthened on Monday propelled by the rise in euro and local shares.


Sensex climbs 300 points in early trade

Posted: 23 Oct 2011 09:23 PM PDT

The BSE benchmark Sensex rallied by over 300 points in opening trade today on fresh spell of buying by funds and retail investors, driven by a firming trend in global markets.


Tata, Woolworths end 5-year partnership

Posted: 23 Oct 2011 09:20 PM PDT

Tata Group has not renewed a five-year agreement with Australia's largest retailer Woolworths for retailing consumer electronics in India, the Economic Times reported on Monday, quoting unnamed persons close to the development.


Sensex rises in early trade

Posted: 23 Oct 2011 09:16 PM PDT

A benchmark index for Indian equities Monday shot up in early trade and was ruling about 259 points higher minutes after opening bell.


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