Monday, March 26, 2012

Coal block auctions to kick off by June

Coal block auctions to kick off by June


Coal block auctions to kick off by June

Posted: 26 Mar 2012 03:47 PM PDT

The government is gearing up to hold the first round of coal block auctions in the second quarter of 2012. This will throw up 50 coal blocks for grabs immediately, Union coal minister Sriprakash Jaiswal was quoted as saying by news agencies on Monday.


'India revenue to touch $1billion in 2 years'

Posted: 26 Mar 2012 03:13 PM PDT

Thomas Gentile, president and CEO of GE Healthcare Systems, flagship business of GE Healthcare, was in India recently to review operations, "super-charge" the product development programmes and meet customers.


ICICI breaks ranks with Kingfisher Airline lenders

Posted: 26 Mar 2012 03:12 PM PDT

ICICI Bank, one of Kingfisher's lenders which also has a charge on promoter Vijay Mallya's liquor company shares, has asked the airline to provide additional securities or pay up following a sharp drop in the value of its shares.

No sign attestation for opening FD, lockers: RBI

Posted: 26 Mar 2012 03:00 PM PDT

RBI on Monday asked banks not to insist on attestation of signatures of persons, who want to invest their funds in FDs or open a bank locker.

'India to lead pay hike chart in Asia'

Posted: 26 Mar 2012 02:58 PM PDT

Indian heads of organizations are expected to get the best salary hikes of 8.3%, much better than most of their Asian counterparts.

Oil discovered in Kenya for first time

Posted: 26 Mar 2012 08:41 AM PDT

Kenya's president announced on Monday that oil has been discovered in his East African nation for the first time, and a foreign oil firm said the find is similar to the valuable light crude previously discovered in neighboring Uganda.


Kingfisher Airlines shares hit all-time low

Posted: 26 Mar 2012 08:38 AM PDT

Shares of Kingfisher Airlines today plunged to a record low down over 6 per cent, on massive selling pressure by investors amid a weak broader market.


Rupee dives to 2-month low on robust dollar demand

Posted: 26 Mar 2012 06:02 AM PDT

The rupee ended at 51.2650/2750 to the dollar, sharply weaker than its previous close of 51.17/18, after dipping as low as 51.4850 - a level last seen on January 16.


Telecom cos asked to maintain quality of service

Posted: 26 Mar 2012 04:56 AM PDT

Telecom regulator Trai has asked operators whose licences have been cancelled to ensure quality of service for the period they will be in operation, Parliament was informed today.


General Motors to launch small car Sail in Q3

Posted: 26 Mar 2012 04:29 AM PDT

General Motors India (GM) is planning to launch its fourth small car in the country, a premium hatchback "Sail", by July-September, a company official said Monday.


General Motors to launch small car sail in Q3

Posted: 26 Mar 2012 04:29 AM PDT

General Motors India (GM) is planning to launch its fourth small car in the country, a premium hatchback "Sail", by July-September, a company official said Monday.


Sensex tumbles to 2-month low

Posted: 26 Mar 2012 04:24 AM PDT

The BSE benchmark sensex on Monday plunged 309 points to about 2-month low on heavy selling by funds concerned over market reports that the government may move to levy short-term capital gains tax for derivative products sold to foreign investors.


Sensex falls 184 points on fresh selling

Posted: 25 Mar 2012 11:15 PM PDT

The BSE benchmark Sensex tumbled 184 points in late morning trade due to selling pressure on power, banking, realty, refinery and capital goods stocks amid weak Asian markets.


Re drops to lowest in more than 2mths

Posted: 25 Mar 2012 11:11 PM PDT

The rupee gave up early gains and skidded to its lowest in more than two months on Monday, pressured by oil payments and subdued shares.


Sensex falls by 90 points

Posted: 25 Mar 2012 09:20 PM PDT

The BSE benchmark index Sensex today fell by nearly 90 points in early trade, due to fresh selling by funds in the absence of any positive trigger, amid a mixed trend in Asian markets.


Rupee gains 7 paise vs dollar

Posted: 25 Mar 2012 09:07 PM PDT

The rupee today rose marginally by 7 paise to 51.10 against the US dollar in early trade on the Interbank Foreign Exchange market, largely on the back of euro gains against the American currency overseas.

Rupee rises early; oil payments eyed

Posted: 25 Mar 2012 09:07 PM PDT

The rupee rose early on Monday on the back of gains in the euro, but traders were wary about higher demand for dollars from oil importers.


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