Thursday, May 3, 2012

Mobile subscriber base touches 951 million

Mobile subscriber base touches 951 million

Mobile subscriber base touches 951 million

Posted: 03 May 2012 12:20 PM PDT

Mobile operators added eight million mobile subscribers in March, taking the total user base in the country to 951.3 million, according to data released by sectoral regulator Trai on Thursday.

Adidas to shut 1/3rd of India Reebok stores

Posted: 03 May 2012 12:16 PM PDT

German sportswear maker Adidas said on Thursday it plans to shut down one-third of its 900 Reebok stores in India as a part of an aggressive restructuring strategy for the brand in the country.

Cipla cuts cancer drug prices by 76%

Posted: 03 May 2012 12:15 PM PDT

Drug major Cipla has slashed by up to 76% the prices of certain life-saving cancer drugs used in the treatment of brain, lung and kidney cancer.

Mobile tariffs may double: Telcos

Posted: 03 May 2012 11:57 AM PDT

The country's largest telecom operators such as Bharti Airtel, Vodafone and Idea on Thursday said mobile tariffs could nearly double in the metros and large circles if the regulator's recommendations on spectrum auction and allocation were accepted in their current form, even as a fresh row erupted between players using GSM technology and dual technology players.

Infosys offers cloud computing to cooperative banks

Posted: 03 May 2012 08:43 AM PDT

Infosys has started offering its core banking solution on the cloud and is targeting smaller banks by offering fee-based usage of the product.

US applications for unemployment aid drop sharply

Posted: 03 May 2012 07:51 AM PDT

The number of Americans seeking unemployment benefits fell last week by the most in nearly a year. The figure was a hopeful sign that hiring could pick up in coming months.

Piramal Health Q4 net loss at Rs 38.68 cr

Posted: 03 May 2012 04:54 AM PDT

Piramal Healthcare today said it has posted a consolidated net loss of Rs 38.68 crore for the quarter ended March 31, 2012.

Sensex tumbles 151 points

Posted: 03 May 2012 04:37 AM PDT

Led by a poor show in auto and banking stocks, the BSE benchmark Sensex today fell by 151 points on heavy selling by foreign funds on weak earnings and a sliding rupee amid negative global cues.

BMW profit up 18 per cent on China, US

Posted: 03 May 2012 12:09 AM PDT

Booming sales in China and new versions of key models pushed automaker BMW AG's earnings higher by 18 per cent in the first quarter to (euro) 1.35 billion ($1.77 billion).

This year will be crucial for global economy: ADB

Posted: 02 May 2012 11:26 PM PDT

Financial crisis in Europe could escalate and along with slow recovery in the US, this year will be crucial for global economy but Asian nations must continue long term structural reforms while insulating the region against the troubles, ADB said today.

Sensex falters, banks hit by BASEL III

Posted: 02 May 2012 09:52 PM PDT

The BSE Sensex falls 0.44 per cent, while the Nifty loses 0.51 percent, as banks are hit by RBI's directive to set aside more capital to meet BASEL III requirements.

Rupee down 26 paise against dollar

Posted: 02 May 2012 09:47 PM PDT

The rupee declined by 26 paise in early trade today to hit fresh four-month low of Rs 53.22 against the American currency on the Interbank Foreign Exchange due to firm dollar demand amid increased capital outflows.

Ex-MD sues Adidas over fraud charge

Posted: 02 May 2012 02:09 PM PDT

Subhinder Singh Prem, the former boss of Adidas in India, has sued his former employer for Rs 15 crore in damages, in a dramatic escalation of hostilities.
Posted by Harshad at 9:06 PM

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