Thursday, April 26, 2012

Telcos to gain from Trai’s 2G recommendations

Telcos to gain from Trai’s 2G recommendations

Telcos to gain from Trai’s 2G recommendations

Posted: 26 Apr 2012 12:26 PM PDT

Contrary to the telecom operators' contention that the Telecom Regulatory Authority of India's (Trai's) recommendations — hiking the reserve price for the auction of 2G spectrum — will make it prohibitive to operate, an analysis of the recommendation shows that the service providers stand to gain under the new regime over the long run if they have to pay the reserve price for the spectrum.

Piaggio brings back iconic Vespa

Posted: 26 Apr 2012 12:17 PM PDT

Italian two-wheeler maker Piaggio drove in the iconic Vespa scooter into India and said it is looking at developing India-specific two-wheeler models in the future for a wider play in one of the world's biggest markets.

Weak rupee boosts NRI remittance to new high

Posted: 26 Apr 2012 12:12 PM PDT

A weak rupee is encouraging non-resident Indians (NRIs) to remit funds home and take advantage of the favorable exchange rate. Also, given that the rupee has fallen almost 18% in eight months Indian assets look considerably cheaper to NRIs.

Cabinet okays weak banking bill

Posted: 26 Apr 2012 11:58 AM PDT

A day after finance minister Pranab Mukherjee spoke of speeding up reforms, the Union Cabinet approved a watered down Banking Bill, strengthening the perception that the government had diminished appetite for liberalization.

Huge Indian investments create jobs in US: Survey

Posted: 26 Apr 2012 07:47 AM PDT

Indian companies operating in 40 American states have invested over $820 million in manufacturing facilities in the US, creating thousands of jobs, according to the 2012 India Business Forum (IBF) survey.

Exim Bank to launch $500m fund to support export

Posted: 26 Apr 2012 06:46 AM PDT

The Export-Import Bank of India is planning to set up a new fund of$500 million (Rs 2,500 crore), which will provide MSMEs with long- term foreign currency loans, a top official said today.

India's financial system is strong: RBI

Posted: 26 Apr 2012 06:19 AM PDT

A day after global credit rating agency S&P cut India's outlook to 'negative', RBI today said the country's financial system is strong and sometimes these ratings are discounted by markets.

Sensex down 21 points, Hero & Bajaj among losers

Posted: 26 Apr 2012 04:49 AM PDT

In thin trading, BSE benchmark Sensex today ended 21 points lower, dragged mainly down by HDFC Bank, Hero MotoCorp, Bajaj Auto that fell in the range of 1-3 per cent.

Hero and Bajaj among Sensex losers

Posted: 26 Apr 2012 04:19 AM PDT

BSE benchmark Sensex today ended 21 points lower, dragged mainly down by HDFC Bank, Hero MotoCorp, Bajaj Auto that fell in the range of 1-3 per cent.

FII stakes in Kingfisher up during March quarter

Posted: 26 Apr 2012 03:14 AM PDT

Overseas investors, which have been trimming their holdings in Kingfisher Airlines in the past three quarters, have increased their stake marginally in the cash-strapped carrier during the March quarter, according to data available with bourses.

Gold demand stays weak, prices near 2-month high

Posted: 26 Apr 2012 02:39 AM PDT

Indian gold traders stayed on the sidelines as prices hovered near their highest level in two months due to firm overseas markets and a weaker rupee.

Volkswagen posts surprise Q1 profit gains

Posted: 26 Apr 2012 01:09 AM PDT

German car maker Volkswagen said operating profit rose to 3.2 billion euros ($4.22 billion) from 2.9 billion euros a year earlier.

Industries can now purchase power from open market

Posted: 25 Apr 2012 10:54 PM PDT

Govt has invoked special powers under the Electricity Act and directed the central and state regulators to implement a reform to allow industrial consumers to buy cheaper power from the open market.

Decontrol of diesel prices unlikely

Posted: 25 Apr 2012 10:44 PM PDT

The Centre has assured Trinamool Congress that deregulation of diesel prices would not be carried out soon, advertising its lack of resolve for tough reform measures.

Six Indian cos in race for Afghan mines

Posted: 25 Apr 2012 10:36 PM PDT

Two private players - Monnet Ispat & Energy and Jindal Steel & Power - have also made the cut, opening up the possibility of a public-private partnership for a strategic bid by the Indian metals majors.

Sensex up 42 points in early trade

Posted: 25 Apr 2012 10:18 PM PDT

Paring all earlier losses, the BSE benchmark index sensex on Thursday recovered by nearly 42 points in early trade.

Sensex up 42 points in early trade

Posted: 25 Apr 2012 10:18 PM PDT

Paring all earlier losses, the BSE benchmark index sensex on Thursday recovered by nearly 42 points in early trade.

Rupee gains 11 paise vs dollar in early trade

Posted: 25 Apr 2012 09:25 PM PDT

The rupee on Thursday appreciated by 11 paise to 52.43 against the US dollar in early trade on the Interbank Foreign Exchange market, as the American currency fell against other currencies overseas.

S&P: India Inc’s funding costs to soar

Posted: 25 Apr 2012 05:46 PM PDT

Indian corporates could see their overseas borrowing costs shoot up should Standard & Poor's negative outlook result in an actual downgrade.
Posted by Harshad at 9:30 PM

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