Tuesday, April 17, 2012

Kingfisher's market share lowest in country

Kingfisher's market share lowest in country


Kingfisher's market share lowest in country

Posted: 17 Apr 2012 11:44 AM PDT

It's official now. Crisis-ridden Kingfisher has become India's smallest scheduled airline in terms of market share after cutting flights and reducing fleet constantly since last November.


Cut excise or we hike petrol price: IOC

Posted: 17 Apr 2012 11:33 AM PDT

Taking a cue from the RBI governor D Subbarao, market leader Indian Oil Corporation indulged in grand standing on Tuesday by saying state-run retailers would raise petrol price by almost Rs 10 per litre, if the government did not reduce excise duty or did not compensate their Rs 49-crore daily loss on the fuel.


ITC becomes top-weighted stock, beats RIL

Posted: 17 Apr 2012 11:28 AM PDT

Cigarettes-to-hotels major ITC emerged as the most influential stock among the 30 sensex companies with a weight of 9.25% at Tuesday's close, compared to Reliance Industries' 9.23%.


Gopinath plans new airline

Posted: 17 Apr 2012 11:03 AM PDT

Captain G R Gopinath, the founder of low-cost airlines in India, who started Air Deccan in 2003, is learnt to be eyeing a comeback in the Indian airline space.


SBI to cut lending rates soon

Posted: 17 Apr 2012 05:33 AM PDT

Country's largest lender State Bank of India today said it will "do a comprehensive cut" in lending rates on various loans following the Reserve Bank's 0.5 per cent reduction in the repo rate.


RBI rate cut to increase demand in car market

Posted: 17 Apr 2012 05:01 AM PDT

Car companies on Tuesday welcomed the RBI rate cut and said it will help increase demand in the market.

Rate cut to boost investment: Pranab

Posted: 17 Apr 2012 04:40 AM PDT

The RBI's decision to cut lending rate will encourage investments, Finance Minister said today, while assuring the govt will take additional steps to control price rise.

Sensex up 207 points on RBI rate cut

Posted: 17 Apr 2012 04:07 AM PDT

Sensex on Tuesday surged 207 points, led by interest-senstive stocks from realty and banking as RBI cut short term lending rate to boost economic growth.


RBI rate cut will boost investments: India Inc

Posted: 17 Apr 2012 01:59 AM PDT

Stating that a stage for cheaper lending has been set with the RBI cutting short-term lending rate, India Inc on Tuesday welcomed the move saying it would boost investments in the country.


RBI rate cut will boost investments: India Inc

Posted: 17 Apr 2012 01:59 AM PDT

Stating that a stage for cheaper lending has been set with the RBI cutting short-term lending rate, India Inc on Tuesday welcomed the move saying it would boost investments in the country.


Sensex spurts 222 pts after rate cut

Posted: 16 Apr 2012 11:33 PM PDT

The BSE benchmark Sensex spurted by over 222 points in late morning trade on Tuesday after the Reserve Bank cut short-term lending rate to support the economic growth.


Murdoch's Star exits news business in India

Posted: 16 Apr 2012 09:51 PM PDT

Star Group, a unit of Rupert Murdoch's News Corp, has ended its brand association with its Indian television news channel joint venture partner, the company said, blaming the split on regulatory headaches.


Sensex up 18 points in early trade

Posted: 16 Apr 2012 09:25 PM PDT

The BSE benchmark Sensex extended gains for the second straight day by adding over 18 points in early trade on Tuesday on selective buying by funds and retail investors ahead of the RBI' monetary policy review for 2012-13.


Rupee edges up in thin trade

Posted: 16 Apr 2012 09:13 PM PDT

The rupee rose in opening deals on Tuesday comforted by gains in the euro, but traders were wary as they awaited the central bank's rate decision around 11 a.m. (0530 GMT).

Rupee rises early; rate decision awaited

Posted: 16 Apr 2012 09:13 PM PDT

The rupee rose in opening deals on Tuesday comforted by gains in the euro, but traders were wary as they awaited the central bank's rate decision around 11 a.m. (0530 GMT).


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