Obama presents mortgage refinancing plan

Obama presents mortgage refinancing plan
Sensex gains 172 points on Asian cues
PEs cut stakes in HDFC, Kotak Bank
Armani to enter desi homeware market
Car sales start new year with modest growth
FB to find out personal data’s value
Sensex to touch 20,000 mark by June: Survey
Sensex to touch 20,000 by June: Survey
Rupee hits 3-month high
FII inflows cross $5bn in January
Sensex closes 107 points up
RIL shares gain 3% ahead of share buyback tomorrow
ICICI Bank surges 6% on strong Q3 earnings
'Fiscal deficit for 2011/12 seen at 5.6% of GDP'
Maruti sees 11% sales fall in FY2012
Swift DZire launched at Rs 4.79 lakh
Car sales rocket 40% in Japan
Car sales rocket 40% on subsidy boost
Manufacturing up at fastest clip in 8 months
Rupee loses 18 paise against dollar
Rupee loses 18 paise against dollar

Posted: 01 Feb 2012 08:21 PM PST

President Barack Obama Wednesday presented a plan to revitalize the US real estate market that would allow millions of homeowners to refinance their mortgages and take advantage of the current historically low interest rates.

Sensex gains 172 points on Asian cues

Posted: 01 Feb 2012 08:14 PM PST

The BSE benchmark Sensex surged by nearly 172 points in early trade on Thursday on buying by funds and retail investors, driven by encouraging quarterly earnings by corporates and firming trend on the other Asian bourses.

PEs cut stakes in HDFC, Kotak Bank

Posted: 01 Feb 2012 05:16 PM PST

Two global private equity majors-Carlyle Group and Warburg Pincus-offloaded substantial chunks of their holdings in two of India's leading financial services firms - HDFC and Kotak Mahindra Bank, respectively - through block deals on Wednesday, jointly worth about Rs 2,200 crore ($440 million).

Armani to enter desi homeware market

Posted: 01 Feb 2012 05:12 PM PST

Iconic Italian luxury brand Giorgio Armani is looking to bring its high-end homeware and furnishings retail stores to India in the next one year. A senior executive from the group told TOI that talks were ongoing with potential local partners even as the group scouts for retail spaces to open its Armani Casa outlets in India.

Car sales start new year with modest growth

Posted: 01 Feb 2012 05:09 PM PST

Car sales entered the new year on a cautious note as high interest rates and petrol prices continued to suppress demand and incremental volumes flowed in from new-year discounts.

FB to find out personal data’s value

Posted: 01 Feb 2012 04:47 PM PST

Facebook , the vast online social network, is poised to file for a public stock offering on Wednesday that will ultimately value the company at $75 billion to $100 billion , cashing in on the fuel that powers the engine of internet commerce: Personal data.

Sensex to touch 20,000 mark by June: Survey

Posted: 01 Feb 2012 09:20 AM PST

The stock market barometer Sensex could rise to the 20,000 points-mark by June, up from the present 17,000-level, despite subdued business confidence, a survey by JP Morgan Asset Management has said.

Sensex to touch 20,000 by June: Survey

Posted: 01 Feb 2012 09:20 AM PST

The stock market barometer Sensex could rise to the 20,000 points-mark by June, up from the present 17,000-level, despite subdued business confidence, a survey by JP Morgan Asset Management has said.

Rupee hits 3-month high

Posted: 01 Feb 2012 04:07 AM PST

The rupee closed at 49.2650/2750 per dollar, rebounding from the day's low of 49.66, gaining 0.4 percent from Tuesday's close of 49.44/45.

FII inflows cross $5bn in January

Posted: 01 Feb 2012 03:29 AM PST

Overseas investors poured in over Rs 26,000 crore ($5.08 billion) in Indian markets in January 2012, the highest one-month net inflow in 16 months, as sentiments got a boost from easing inflation concerns and attractive valuations.

Sensex closes 107 points up

Posted: 01 Feb 2012 03:26 AM PST

The Sensex, which had gained 330 points on Tuesday, gained another 107.03 points, or 0.62 per cent to close at 17,300.58, after touching the day's low of 17,061.55.

RIL shares gain 3% ahead of share buyback tomorrow

Posted: 01 Feb 2012 03:25 AM PST

Shares of Reliance Industries (RIL) rose nearly 3% on bourses today ahead of the opening of its Rs 10,440 crore share buyback scheduled for tomorrow.

ICICI Bank surges 6% on strong Q3 earnings

Posted: 01 Feb 2012 03:22 AM PST

Shares of ICICI Bank today jumped nearly 6 per cent, after the country's largest private-sector lender reported 20 per cent growth in net profit for the third quarter ended December.

'Fiscal deficit for 2011/12 seen at 5.6% of GDP'

Posted: 01 Feb 2012 02:04 AM PST

India's fiscal deficit is likely to be about one percentage point higher than the budgeted 4.6 percent of gross domestic product in the current fiscal year that ends in March.

Maruti sees 11% sales fall in FY2012

Posted: 01 Feb 2012 01:01 AM PST

The carmaker's sales are down 14.5 percent so far this financial year, he added.

Swift DZire launched at Rs 4.79 lakh

Posted: 01 Feb 2012 12:54 AM PST

Maruti Suzuki India today rolled out a shorter version of its entry-level sedan Swift DZire at an introductory price between Rs 4.79 lakh and Rs 7.09 lakh (ex-showroom, Delhi).

Car sales rocket 40% in Japan

Posted: 31 Jan 2012 11:27 PM PST

Japanese automobile sales rocketed more than 40 percent in January after the government restored subsidies for eco-friendly vehicles.

Car sales rocket 40% on subsidy boost

Posted: 31 Jan 2012 11:27 PM PST

Japanese automobile sales rocketed more than 40 percent in January after the government restored subsidies for eco-friendly vehicles.

Manufacturing up at fastest clip in 8 months

Posted: 31 Jan 2012 11:21 PM PST

India's manufacturing sector in January hummed along at its fastest clip in eight months, fuelled by new order growth, according to a survey released on Wednesday.