Wednesday, February 8, 2012

Batelco first to pull out after 2G ruling

Batelco first to pull out after 2G ruling

Batelco first to pull out after 2G ruling

Posted: 08 Feb 2012 02:53 PM PST

Bahrain-based telecom company Batelco has become the first casualty of the Supreme Court judgment which cancelled 122 telecom licences on charges of irregularity last week.

'Indian buyers most optimistic'

Posted: 08 Feb 2012 02:46 PM PST

Slowing economic growth and rising expenses have not been able to dent the confidence of Indian consumers.

IT sector to cross $100bn in FY12, but to dip in FY13

Posted: 08 Feb 2012 02:38 PM PST

The information technology (IT) and IT-enabled services (ITeS) sector in India will cross the $100-billion (over Rs 4.9-lakh-crore) mark in revenue this fiscal year.

Thomas Cook to exit India ops

Posted: 08 Feb 2012 02:34 PM PST

British tour operator Thomas Cook Plc said on Wednesday that it has launched a process to sell its 77% stake in Thomas Cook India.

Airbus A380 wing checks extended: Sources

Posted: 08 Feb 2012 05:29 AM PST

European air safety officials are preparing to extend checks for Airbus A380 wing cracks to the entire superjumbo fleet, sources close to the matter told Reuters on Wednesday.

TCS, Mitsubishi to invest $5 million

Posted: 08 Feb 2012 05:11 AM PST

The joint venture company -- Nippon TCS Solution Center Ltd -- will offer full service suite of IT, BPO and infrastructure services to Japanese corporations.

Rupee closes down 15 paise against dollar

Posted: 08 Feb 2012 03:19 AM PST

Erasing initial gains, the rupee closed 15 paise down at 49.20/21 against the dollar following late weakness in local stocks amid sustained dollar demand from importers.

I am losing sleep over rising subsidy bill: Pranab

Posted: 08 Feb 2012 03:07 AM PST

Pranab Mukherjee today said he is "losing sleep" over skyrocketing subsidy bill which could exceed budget estimates by over Rs 1 lakh crore in 2011-12.

Sensex closes up 85 points

Posted: 08 Feb 2012 02:59 AM PST

The BSE benchmark index Sensex recovered by 85 points on funds buying in bluechips, mainly in Reliance Industries and Infosys, amid a firming trend in the global markets.

Mahindra Xylo gets a facelift

Posted: 08 Feb 2012 02:55 AM PST

Three years after the Xylo was launched, Mahindra has given the MPV its first major facelift.

CIS violation: Sebi to give names of over 500 cos

Posted: 08 Feb 2012 02:38 AM PST

Market regulator Sebi has decided to share with the Ministry of Corporate Affairs the names of over 500 companies, which have garnered money from investors in violation of its Collective Investment Scheme rules.

Gold buying stays weak, prices hit 2-month high

Posted: 08 Feb 2012 02:05 AM PST

Gold demand stayed weak in India, the world's top buyer of the yellow metal, as prices touched a near two-month high.

Canon eyes $1bn India revenues by 2015

Posted: 08 Feb 2012 12:01 AM PST

Japanese imaging major Canon has said it expects healthy growth in the Indian market, buoyed by the growing middle class and rising incomes.

Rajat Gupta may face more allegations: US

Posted: 07 Feb 2012 11:56 PM PST

Rajat Gupta, a former director of Goldman Sachs and Procter & Gamble who is the highest-ranking executive charged in a US crackdown on insider trading, could face additional allegations, a federal prosecutor said on Tuesday.

'India-Iran rice trade would not be sanctioned'

Posted: 07 Feb 2012 11:22 PM PST

The United States has said the rice trade between India and Iran would not be sanctioned as the American sanctions on Tehran include exceptions for exports of things like food, medicine and medical devices.

Domestic car sales rise 7.19% in January

Posted: 07 Feb 2012 09:36 PM PST

Passenger car sales in the domestic market rose by 7.19 per cent to 1,96,013 units in January, compared to 1,82,852 units in the same month last year.
Posted by Harshad at 9:19 PM

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