Monday, April 30, 2012

Adidas India to take a hit of Rs 1350cr

Adidas India to take a hit of Rs 1350cr

Adidas India to take a hit of Rs 1350cr

Posted: 30 Apr 2012 04:44 PM PDT

Adidas, the world's second largest sports goods maker, may take a Rs 1,350 crore hit after unearthing a massive commercial fraud in its Indian unit.

Commercial vehicle sales to slow down

Posted: 30 Apr 2012 04:35 PM PDT

Commercial vehicle (CV) sales will slow down in the current financial year as weak economic activity and higher vehicle prices are expected to tame demand, company officials have said.

Wipro acquires Australia analytics company

Posted: 30 Apr 2012 04:33 PM PDT

Wipro is acquiring Promax Applications Group (PAG), an Australia based analytics company, for 35 million Australian dollars (about Rs 191 crore).

India urges Japan to remove non-tariff barriers

Posted: 30 Apr 2012 04:30 PM PDT

India on Monday urged Japan to remove all non-tariff barriers to enable the benefits under the comprehensive economic partnership agreement (CEPA) to kick in.

Aditya Birla Nuvo to buy controlling stake in Pantaloon

Posted: 30 Apr 2012 06:25 AM PDT

Kishore Biyani-led Future Group said Monday it will spin off its branded apparel business Pantaloons brand into a separate entity, in which Aditya Birla Nuvo will infuse Rs.1,600 crore to acquire controlling stake.

RBI's rupee defence gets fresh jolt from S&P

Posted: 30 Apr 2012 05:31 AM PDT

The Reserve Bank of India's battle to contain a falling rupee just got tougher.

Sensex gains 132 points, IT stocks in limelight

Posted: 30 Apr 2012 05:19 AM PDT

Moving up for the third day in a row, the BSE benchmark Sensex today gained nearly 132 points on funds buying in bluechips led by IT stocks amid a weak rupee and renewed expectations of US Fed easing monetary policy to boost growth prospects.

Rupee falls on oil demand, weaker euro

Posted: 30 Apr 2012 05:13 AM PDT

Rupee fell to near a one-week low on Monday hit by heavy demand for dollars from oil importers and tracking a euro that was under pressure.

Govt allows further export of cotton

Posted: 30 Apr 2012 04:30 AM PDT

Under pressure from the Congress party and some of its allies, the central government today allowed fresh cotton exports.

Govt allows further export of cotton

Posted: 30 Apr 2012 01:39 AM PDT

The government on Monday decided to allow further cotton exports in 2011-12 marketing year ending September as production estimates have been revised upwards.

Telenor writes down remaining India assets

Posted: 30 Apr 2012 12:35 AM PDT

Norwegian telecom firm Telenor on Monday wrote off its remaining fixed and intangible assets in India worth to Norwegian crows 3.9 billion (over $680 million) saying "the uncertainty has increased significantly" following the Supreme Court's ruling in February to cancel Unitech Wireless's 22 licenses and the recent Trai recommendations on the re-auction of 2G licenses and spectrum.

Canara Bank cuts lending, deposit rates

Posted: 30 Apr 2012 12:14 AM PDT

Public sector lender Canara Bank said that it will reduce lending and deposit rates from Tuesday.

Maruti Suzuki shares fall nearly 3% post results

Posted: 29 Apr 2012 11:23 PM PDT

Shares of Maruti Suzuki slipped nearly 3% in the morning trade on Monday following 28.55% decline in net profit posted by the company for the fiscal year ended March 31, 2012.

Rupee up 4 paise against dollar

Posted: 29 Apr 2012 09:30 PM PDT

The rupee on Monday rose marginally by 4 paise to 52.50 against the US dollar in early trade on the Interbank Foreign Exchange market, as the American currency weakened against other Asian currencies overseas.

Sensex up on buying by funds

Posted: 29 Apr 2012 09:23 PM PDT

Extending gains for the third straight session, the BSE benchmark index Sensex today rose by nearly 137 points in early trade on continued buying by funds and retail investors.
Posted by Harshad at 9:36 PM

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