Facebook may launch smartphone next year |
- Facebook may launch smartphone next year
- Air India may prune routes, reduce pilots
- Term deposit foreclosure may attract penalty
- Growth in health cover moderates
- FMC to crack whip on speculative trading
- Unitech sues Deutsche Bank for improper swap sales
- IOC Q4 net trebles to Rs 12,670 crore
- Moody’s sees silver lining in Rupee plunge
- Trai favoured Tatas, COAI writes to Pranab Mukherjee
- Steep rates eat into India Inc profit
- RCom awaits for guidelines to sell tower business
- Daimler India to launch 18 models of 'BharatBenz'
- Rupee posts biggest winning streak
- Sensex ends 200 points higher
- Rupee up 21 paise at 55.17 against dollar
- RCom shares up 4.7% post Q4 profit
- Air India board to meet today
- Rupee up 32 paise against dollar in early trade
- Sensex gains 112 points in early trade
| Facebook may launch smartphone next year Posted: 28 May 2012 02:00 PM PDT Can a software company build its own smartphone? We may find out soon. This past week, Google completed its acquisition of hardware maker Motorola Mobility for $12.5 billion, which could lead to the search giant making its own smartphone. Another software titan might be getting into the hardware game as well: Facebook. 
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| Air India may prune routes, reduce pilots Posted: 28 May 2012 01:59 PM PDT Loss-making Air India may soon go the Kingfisher way by severely pruning flights and reducing its requirement for pilots, 400 of whom have been on strike for three weeks now. 
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| Term deposit foreclosure may attract penalty Posted: 28 May 2012 01:56 PM PDT The Reserve Bank of India has removed restrictions imposed on banks which earlier prevented lenders from levying penalty on customers for foreclosure of some term deposits. 
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| Growth in health cover moderates Posted: 28 May 2012 01:54 PM PDT The share of health insurance in the non-life business has shrunk marginally with the group health segment seeing some pullback from buyers and retail not replicating the 30% plus growth in earlier years. 
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| FMC to crack whip on speculative trading Posted: 28 May 2012 01:51 PM PDT Amid fresh fears of speculative trading in the commodities market, Forward Markets Commission, the regulator for the futures segment, is ready with a multi-pronged strategy — including a check on the open interest position and review of all contracts — as part of a crackdown. 
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| Unitech sues Deutsche Bank for improper swap sales Posted: 28 May 2012 01:49 PM PDT Delhi-based property developer Unitech has accused Deutsche Bank AG of selling it an interest-rate swap that wasn't suitable and wasn't properly explained, according to a London lawsuit over a $150 million loan deal. 
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| IOC Q4 net trebles to Rs 12,670 crore Posted: 28 May 2012 01:47 PM PDT Flagship refiner-marketer Indian Oil Corporation on Monday hinted that it could reduce petrol price by up to Rs 1.25 a litre even as its profit in the fourth quarter of 2011-12 trebled on the back of cash dole from the government. 
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| Moody’s sees silver lining in Rupee plunge Posted: 28 May 2012 01:45 PM PDT Rating agency Moody's has said that the sharp depreciation of the rupee will help in correcting some of the macroeconomic imbalances and will not impact India's rating. 
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| Trai favoured Tatas, COAI writes to Pranab Mukherjee Posted: 28 May 2012 01:43 PM PDT GSM body COAI on Monday sought intervention of finance minister Pranab Mukherjee on cancellation of dual-technology status of Tata Teleservices (TTSL), alleging that the operator was favoured by sectoral regulator Trai, while the latter debunked the claims. 
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| Steep rates eat into India Inc profit Posted: 28 May 2012 01:16 PM PDT India Inc is getting much less bang for the bucks it is generating. With profits shrinking and revenues not growing at a brisk pace, the proportion of earnings in the overall income of the majority of companies has come down sharply in financial year 2011-12. 
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| RCom awaits for guidelines to sell tower business Posted: 28 May 2012 06:45 AM PDT Reliance Communications today said it is in talks with several potential investors for selling its tower unit but a deal can be finalised after clarity on spectrum guidelines. 
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| Daimler India to launch 18 models of 'BharatBenz' Posted: 28 May 2012 06:41 AM PDT Daimler India Commercial Vehicles Pvt ltd plans to launch 18 models of trucks 'BharatBenz' in next 18 months. 
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| Rupee posts biggest winning streak Posted: 28 May 2012 06:29 AM PDT The rupee rose for a third successive session on Monday, its biggest winning streak against the dollar in over two-and-half months, as a recovery in global risk sentiment helped local stocks post strong gains. 
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| Posted: 28 May 2012 06:18 AM PDT The BSE benchmark index Sensex today rose by nearly 200 points on heavy buying in fundamentally strong stocks led by financials and power, driven by a stronger rupee amid a firming trend in the global markets. 
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| Rupee up 21 paise at 55.17 against dollar Posted: 27 May 2012 11:24 PM PDT The rupee failed to hold on to early gains and eased a little in the late morning trade to 55.17, still up 21 paise, against the US dollar due to uneven demand. 
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| RCom shares up 4.7% post Q4 profit Posted: 27 May 2012 11:16 PM PDT Shares of Reliance Communications (RCom) today sored up to 4.7% after the company reported consolidated net profit of Rs 332 crore for the quarter ended March 31, 2012. 
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| Posted: 27 May 2012 10:50 PM PDT About 500 Air India pilots who fly international routes have been demanding that their colleagues from Indian Airlines should not be trained to fly Dreamliners, as they believe it may hurt the career prospects of original Air India staff. 
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| Rupee up 32 paise against dollar in early trade Posted: 27 May 2012 09:33 PM PDT The rupee had gained 27 paise to close at 55.37 against the dollar in the previous session on Friday after RBI intervened on currency breaching the 56-level. 
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| Sensex gains 112 points in early trade Posted: 27 May 2012 09:20 PM PDT All sectoral indices, led by auto and banking, were trading in the positive zone with gains of up to 0.81 per cent. 
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