Thursday, May 31, 2012

Telenor not to quit India

Telenor not to quit India

Telenor not to quit India

Posted: 31 May 2012 07:28 PM PDT

Norway's Telenor on Thursday hinted it had dropped plans to exit India and would participate in the upcoming spectrum auctions with a new partner after scrapping its existing joint venture with real-estate developer Unitech Ltd.

Core sector growth slows

Posted: 31 May 2012 05:03 PM PDT

Growth in the eight core industries slowed in April, pointing to more stress for the industrial sector, which is witnessing a prolonged phase of sluggishness.

Anshu Jain takes over as co-CEO at Deutsche

Posted: 31 May 2012 04:57 PM PDT

Deutsche Bank chief Josef Ackermann officially stepped down on Thursday, ending a decade-long reign as head of Germany's biggest bank during which he repeatedly courted controversy.

Wardrobe malfunctions at the workplace

Posted: 31 May 2012 04:56 PM PDT

Over the last 20 years, women's workplace attire has progressed from the locally tailored salwar kameez to ready-to-wear dress suits. Now, western work-wear (or some fusion version thereof) has become entrenched in the Indian office.

New pay, career norms for AI-IA likely today

Posted: 31 May 2012 04:51 PM PDT

The government likely to announce the new pay and career progression norms for employees of erstwhile AI and Indian Airlines to ensure parity in the merged national carrier.

IRDA wants insurers to give health cover up to 65 yrs

Posted: 31 May 2012 09:10 AM PDT

Sectoral regulator IRDA has proposed to make it mandatory for health insurers to provide policy cover to people up to 65 years and settle all claims within a month.

India jolted as growth slumps to near-decade low

Posted: 31 May 2012 04:46 AM PDT

India's economy grew at a near-decade low of 5.3 per cent in the January-March quarter, data showed Thursday, as high interest rates and the global downturn hit the emerging market giant.

Gold set for worst May performance in 30 years

Posted: 31 May 2012 04:05 AM PDT

Gold rose back above $1,570 an ounce on Thursday as expectations of an Irish vote in favour of Europe's fiscal pact lifted the euro.

Rupee rallies on RBI oil talk; officials deny

Posted: 31 May 2012 03:39 AM PDT

Rupee spiked, breaching 56 to the dollar, on market chatter that the central bank has asked state oil companies to restrict purchases of dollars through four state-run banks.

Kingfisher posts worst-ever quarter

Posted: 31 May 2012 12:00 AM PDT

India's Kingfisher Airlines' posted its worst-ever quarterly loss on Thursday, as huge cuts in the number of flights compounded the woes of a cash-strapped carrier facing high fuel prices and intense competition for low fares, sending its shares down to record lows.

Sensex tumbles 193 pts on heavy selling

Posted: 30 May 2012 11:42 PM PDT

Sensex tumbled by 193 points to 16,119.55 at 1100 hrs due to persistent selling pressure mainly from auto, refinery, banking, consumer durables and IT sectors.

Kingfisher Airlines Q4 loss more than trebles

Posted: 30 May 2012 11:40 PM PDT

India's Kingfisher Airlines' fourth-quarter net loss more than trebled as huge cuts in the number of flights compounded the woes of a cash-strapped carrier facing high fuel prices and intense competition for low fares.

Sensex down 148 points in early trade

Posted: 30 May 2012 09:24 PM PDT

The BSE benchmark Sensex fell by over 148 points in early trade on Thursday on continued selling by foreign funds as the rupee tumbled to a new all-time low of Rs 56.50.
Posted by Harshad at 9:35 PM

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