Monday, May 21, 2012

Ministerial panel to decide on export of wheat

Ministerial panel to decide on export of wheat

Ministerial panel to decide on export of wheat

Posted: 21 May 2012 01:26 PM PDT

The empowered group of ministers (EGoM) headed by finance minister Pranab Mukherjee is likely to meet this week to decide upon export of wheat and enhanced distribution of foodgrain through the subsidized public distribution system.

US business visa rejections at 40%: Nasscom

Posted: 21 May 2012 01:07 PM PDT

The number of visa rejections for Indian business travellers to the US has risen dramatically in the last one year. The rejections have gone up to 40% across visa categories, from single digit levels of 5-8% a year ago, said Ameet Nivsarkar, vice president (global trade & development) in IT industry body Nasscom.

McDowell’s joins Amul in $2bn sales club

Posted: 21 May 2012 12:50 PM PDT

Guess which are the top two consumer brands in India? Here's a hint: Both are liquids, but poles apart as far as their consumption pattern is concerned.

India to move WTO against US visa fee hike

Posted: 21 May 2012 12:48 PM PDT

​India will soon file a case in the WTO against visa fee hike by the US, complaining that Indian IT companies face discrimination in regard to their employees who are on short-term contracts in America.

Fairbridge Capital bags Thomas Cook India

Posted: 21 May 2012 12:30 PM PDT

British holiday maker Thomas Cook Group is nearing a sale of its India unit to Fairbridge Capital, a subsidiary of Toronto-based Fairfax Financial Holdings, after deciding to exit operations in the world's fastest growing travel market.

Rajat Gupta's trial begins in New York

Posted: 21 May 2012 08:39 AM PDT

The trial of former Indian-American Goldman Sachs director Rajat Gupta began in New York on Monday in what is the most high-profile case of insider trading in US history.

Morgan Stanley cuts India growth forecasts

Posted: 21 May 2012 07:11 AM PDT

Morgan Stanley cuts India's 2012 economic growth forecast to 6.3 percent from prior 6.9 per cent; 2013 forecast to 6.8 per cent from 7.5 per cent.

Gold back to Rs 29,000 on firm buying

Posted: 21 May 2012 06:12 AM PDT

Gold prices continued its fourth consecutive session rally to revisit the Rs 29,000-mark at the domestic bullion market here on Monday on firm demand from stockists and investors amidst good off-take from retailers.

Sensex closes 30 points up

Posted: 21 May 2012 04:06 AM PDT

After rising over 140 points intra-day, the BSE benchmark Sensex finally closed with a meagre gain of 30 points amid hectic selling in the last hour of trade triggered by the rupee moving towards its record lows against the dollar.

Rupee down 30 paise against dollar

Posted: 20 May 2012 11:34 PM PDT

The rupee today dropped by 30 paise to 54.72 against the US dollar in late morning trade, due to on fresh demand for the American currency from banks and importers despite a weak global trend.

Australian airline Qantas to cut 500 jobs

Posted: 20 May 2012 10:54 PM PDT

Australia's largest airline Qantas Airways announced on Monday that it would cut 500 jobs following a review of its heavy aircraft maintenance and engineering operations.

Sensex up 76 points in early trade

Posted: 20 May 2012 09:23 PM PDT

Sensex today rose by over 76 points in early trade, extending gains for the second straight session on increased buying by funds and retailers amid strong corporate earnings.
Posted by Harshad at 9:07 PM

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