Wednesday, May 30, 2012

Bata to launch 'Footin' stores for young adults

Bata to launch 'Footin' stores for young adults

Bata to launch 'Footin' stores for young adults

Posted: 30 May 2012 07:54 PM PDT

Bata plans to open 100 Footin stores by 2015 at an investment of about 45 crore.

Morgan Stanley gets banking licence in India

Posted: 30 May 2012 03:27 PM PDT

The Reserve Bank has given an in-principle approval to Morgan Stanley India to enter the commercial banking space, the US-based lender said on Wednesday.

Bharti scion leads JV’s stake buy in start-up

Posted: 30 May 2012 03:20 PM PDT

Bharti SoftBank Holdings (BSB) — spearheaded by Kavin Bharti Mittal, one of the twin sons of telecom tycoon Sunil Bharti Mittal — has bought a 49% equity stake in a Gurgaon-based mobile start-up providing location based services.

Pain in Spain drags rupee to new low of 56.23

Posted: 30 May 2012 03:09 PM PDT

The rupee breached the 56-level once again to end the day at 56.23 — its lowest close and near its all-time intra-day low of 56.38 seen last week.

FM offers new reprieve on retro tax

Posted: 30 May 2012 03:08 PM PDT

Finance minister Pranab Mukherjee on Wednesday said the income tax department will not reopen cases where assessment proceedings had been finalized before April 2012.

DLF Q4 net slumps 39% on high finance costs

Posted: 30 May 2012 09:02 AM PDT

DLF (DLF.NS), India's leading real estate developer, reported a 39 per cent fall in net profit, weighed down by high interest costs and slowing house sales.

Europe's debt crisis sparks a tumble

Posted: 30 May 2012 07:39 AM PDT

US grains fell sharply Wednesday, with wheat dropping more than 1 percent to a two-week low, as a surging dollar and mounting concerns over Europe's debt crisis triggered a broad commodities sell-off as investors fled risky assets.

Facebook opens office for Middle East

Posted: 30 May 2012 07:01 AM PDT

Global social online network, Facebook, opened on Wednesday a sales office in Dubai, expanding its operations in the Middle East and North African market, where it says it has some 45 million users.

US stocks plummet as outlook in Europe dims

Posted: 30 May 2012 06:55 AM PDT

US stocks are opening sharply lower as concerns about the stability of Europe's financial system return to the fore.

Sensex drops 126 points, Tata Motors plunges 12%

Posted: 30 May 2012 03:57 AM PDT

The BSE benchmark Sensex on Wednesday dropped by over 126 points on funds selling auto, banking and realty stocks amid rupee again breaching the 56-mark against the dollar and a weak trend in global markets.

Aircel's ex-COO to head RCom's wireless biz

Posted: 30 May 2012 03:32 AM PDT

Reliance Communications said on Wednesday that it has appointed ex-Aircel COO Gurdeep Singh as the president & CEO of its wireless business.

Rupee breaches 56 level against dollar

Posted: 29 May 2012 09:36 PM PDT

Continuing fall for the third day in a row, the rupee today again fell past the psychological level of Rs 56 against the dollar.

Sensex down 113 points in early trade

Posted: 29 May 2012 09:30 PM PDT

The BSE benchmark index Sensex on Wednesday declined by over 113 points in early trade as funds and retail investors booked profits after two sessions of gains amid weakness in the rupee, breaching Rs 56 level against dollar.
Posted by Harshad at 9:06 PM

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