Tuesday, January 31, 2012

Sensex down 55 points in early trade

Sensex down 55 points in early trade

Sensex down 55 points in early trade

Posted: 31 Jan 2012 08:28 PM PST

The BSE benchmark index Sensex fell by 55 points in early trade on Wednesday investors booked profits after recent gains.

Notices to 5 telcos for understating revenues

Posted: 31 Jan 2012 02:20 PM PST

The Telecom ministry on Tuesday issued show-cause notices to five private operators, including Bharti Airtel, Vodafone and RCOM, for under reporting revenues, as per a special audit report, for assessment years 2006 to 2008 and raised a demand of Rs 1,637 crore from them.

Govt revises 2010-11 GDP to 8.4% from 8.5%

Posted: 31 Jan 2012 02:13 PM PST

The Indian economy grew 8.4% in 2010-11, marginally lower than the previous estimate of 8.5%, on the back of strong farm sector and services sector growth, data showed on Tuesday.

Per capita income crosses Rs 50,000

Posted: 31 Jan 2012 02:09 PM PST

The per capita income of Indians for the first time crossed the Rs 50,000-mark in 2010-11, although using current prices as the barometer. According to the revised GDP data for the last financial year, per capita income is estimated to have risen 16.9% to Rs 53,331 compared to Rs 46,117 in the previous year.

Under pressure, CIL pares prices by 12.5%

Posted: 31 Jan 2012 02:09 PM PST

Pressure on power utilities to raise electricity charges immediately will ease as state-run monopoly Coal India (CIL) on Tuesday pared coal prices by 12.5% by delinking domestic pricing from international markets.

No end in sight to govt's fiscal worries

Posted: 31 Jan 2012 02:08 PM PST

More evidence about the tight fiscal situation emerged on Tuesday as data showed the deficit between April and December had — at Rs 3.81 lakh crore — reached 92.3% of the 2011-12 estimate. It stood at 44.9% of the 2010-11 target in the corresponding period of the previous fiscal year.

Jet fuel prices slashed by over 3%

Posted: 31 Jan 2012 05:23 AM PST

State-owned oil companies today slashed jet fuel pner 3% b as an appreciating rupee made imports cheaper.

Dollar ends sharply cheaper against rupee

Posted: 31 Jan 2012 05:05 AM PST

The US dollar ended sharply cheaper against the rupee at Rs 49.46/47 per dollar and the pound sterling also finished slightly lower at Rs 78.07/09 per pound.

Sensex closes 336 points up

Posted: 31 Jan 2012 03:36 AM PST

Broader markets also saw gains with the BSE 500 index moving 2.09 percent up from its previous close.

Mercedes-Benz launches GL-Class SUV

Posted: 31 Jan 2012 03:23 AM PST

Mercedes-Benz has launched the GL-Class 'Grand Edition' SUV in India, widening its portfolio of off-roaders in the market.

ICICI Bank net jumps 20% to Rs 1,728cr

Posted: 31 Jan 2012 12:31 AM PST

The country's largest private sector lender ICICI Bank on Tuesday reported 20 per cent growth in net profit for the December quarter at Rs 1,728.10 crore.

Indian cash rates stay above 9%

Posted: 31 Jan 2012 12:05 AM PST

Indian overnight cash rates hovered well-above the central bank's repo rate of 8.50%t on Tuesday on robust demand for funds in the first week of the two-week reporting cycle and on tight supply.

Starbucks set to open shop in September

Posted: 30 Jan 2012 04:14 PM PST

Come September, Starbucks, which gained cult status in Seattle and instant fame worldwide, is set to open its first outlet in India.
Posted by Harshad at 9:04 PM

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