Wednesday, May 2, 2012

Hero MotoCorp Q4 profit up 20%

Hero MotoCorp Q4 profit up 20%

Hero MotoCorp Q4 profit up 20%

Posted: 02 May 2012 04:55 PM PDT

Hero MotoCorp reported a 20% growth in fourth quarter net profit on higher sales even as forex movements and rising input costs impacted profitability.

Fiat, Tatas end distribution pact

Posted: 02 May 2012 04:52 PM PDT

In a bid to revive its struggling Indian operations, Italian car maker Fiat will take full control of sales, marketing and service activities, ending the distribution pact with manufacturing partner Tata Motors. The move is part of a re-alignment process.

Bharti Q4 net down 28% on high 3G costs

Posted: 02 May 2012 04:48 PM PDT

Bharti Airtel Wednesday reported a 28% dip in fourth quarter net, its ninth straight quarterly drop in earnings, hit by higher amortisation and interest costs on its 3G network investments, as well currency fluctuations and higher tax provisions.

Rupee breaches 53 mark, may slide to 55

Posted: 02 May 2012 04:46 PM PDT

The rupee breached a major resistance level to fall below the 53 mark for the first time this year in intra-day trade on Wednesday. Forex dealers fear the rupee is now headed toward 55 levels against the dollar.

Telcos unite against Trai 'catastrophe'

Posted: 02 May 2012 02:57 PM PDT

Burying their differences, telecom company heads on Wednesday made a joint pitch with the government to trash Trai's recommendations, which suggested a 10-fold jump in the reserve price for spectrum auction in addition to tough rural rollout obligations.

Rupee closes at 4-month low

Posted: 02 May 2012 05:55 AM PDT

The rupee today fell below the 53 mark intra-day before closing at nearly four-month low of 52.96/97, down by 23 paise against the US currency, due to firm dollar demand and fears of more capital outflows.

Sensex snaps three-day winning streak

Posted: 02 May 2012 05:51 AM PDT

Paring initial gains, the BSE barometer Sensex today snapped its three-day winning streak and closed the day nearly 17 points lower after investors became jittery amid a poor show by auto stocks led by Tata Motors and a negative opening in European markets.

Manufacturing sector inches up in April

Posted: 02 May 2012 04:11 AM PDT

The manufacturing sector gathered some strength in April but, price pressures and power shortage continued to hurt, survey showed today.

Swiss firm to launch multi IMSI SIM cards in India

Posted: 02 May 2012 02:26 AM PDT

Multi IMSI SIM cards allow cell phone users to have multiple mobile numbers from different operators on a single SIM card.

Kingfisher staff may move court over salaries

Posted: 02 May 2012 02:03 AM PDT

Claiming that their salaries had still not been cleared, a section of Kingfisher Airlines staff including engineers and pilots is mulling the option of moving the Labour court to expedite settlement of their dues.

Rupee approaches 4-month low

Posted: 02 May 2012 12:50 AM PDT

The Indian rupee dipped below 53 to the dollar to touch a near 4-month low on Wednesday, buoyed by sustained greenback demand from oil refiners.

Sensex up on buying by funds

Posted: 01 May 2012 09:16 PM PDT

Extending gains for the fourth straight session, the BSE benchmark index Sensex on Wednesday rose by another 105 points in early trade on sustained buying by funds and retail investors, amid encouraging fourth quarter corporate earnings and a firming trend in other Asian markets.
Posted by Harshad at 9:16 PM

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