Friday, December 30, 2011

Samsung smartphone leader in India

Samsung smartphone leader in India


Samsung smartphone leader in India

Posted: 30 Dec 2011 12:30 PM PST

Close on the heels of becoming the world's largest seller of smartphones, Korean major Samsung has overtaken its Finnish rival Nokia to become the leader in the domestic market as well. This is the first time that Samsung's share — both in volume and value terms — exceeded that of its rival, Nokia, which had the leadership position till now.


SBI expects capital infusion "any time"

Posted: 30 Dec 2011 06:35 AM PST

State Bank of India, the country's largest lender, expects the government to inject capital "any time", although it is yet to get a formal commitment on the amount, a senior official said on Friday.


China's factories falter, pro-growth policies eyed

Posted: 30 Dec 2011 06:33 AM PST

China's factory activity shrank again December as demand at home and abroad slackened, a purchasing managers' survey showed on Friday, reinforcing the case for pro-growth policies to underpin the world's second-largest economy.


India to borrow 400 bln rupees more: RBI

Posted: 30 Dec 2011 06:30 AM PST

India will borrow an additional 400 billion rupees through dated securities in the current fiscal year ending in March, the RBI said on Friday.


Ministry proposes $6.2b aid for AI

Posted: 30 Dec 2011 06:25 AM PST

The aviation ministry proposes to provide 330 billion rupees to cash-strapped Air India by 2017 as part of the government's 12th Five-Year Plan, according to a working group report.


Sensex logs 1st annual fall in 3 yrs

Posted: 30 Dec 2011 05:02 AM PST

The BSE Sensex closed 0.6 percent lower on Friday and posted its first annual fall in three years as a combination of near double-digit inflation.

Weak rupee to hit profits of companies: Government

Posted: 30 Dec 2011 04:13 AM PST

The Finance Ministry warned that the weakening rupee could hit the profitability of the companies that borrowed heavily from the overseas markets through ECBs.


Sensex down by 89 points

Posted: 30 Dec 2011 03:28 AM PST

The BSE Sensex today fell for the fourth day in a row, losing another 89 points on the last trading day of the year on FII outflows amid worries over slowdown in growth, persisting euro-zone debt crisis and lingering concerns about the US recovery.


CNG prices to be hiked in Delhi

Posted: 30 Dec 2011 02:29 AM PST

The price of compressed natural gas (CNG) has been hiked by Rs 1.75 per kg in the national capital with effect from midnight tonight, mainly on account of rupee depreciation against the US dollar.


Sensex rebounds 101 points; banking stocks climb

Posted: 30 Dec 2011 12:14 AM PST

Snapping a three-day losing streak, a benchmark index for Indian equities was trading over 100 points higher on Friday on the back of good buying support in banking and PSU stocks.


Sensex snaps 3-day losing streak, up 96 pts

Posted: 29 Dec 2011 09:45 PM PST

The BSE benchmark sensex snapped a three-day losing streak to rise 96 points in early trade today on fresh buying in banking, PSU, teck, auto, IT and consumer durable stocks in the wake of a sharp decline in food inflation, coupled with higher Asian cues.


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