Friday, June 1, 2012

Car sales in UPA-II mode

Car sales in UPA-II mode


Car sales in UPA-II mode

Posted: 01 Jun 2012 08:08 PM PDT

India's largest carmakers by volume struggled to lift sales in May due to a sharp rise in petrol price and slack demand after recent hikes in car prices, but resurgent two-wheeler manufacturers posted double-digit growth.


BlackBerry users may shift loyalties

Posted: 01 Jun 2012 02:53 PM PDT

Research In Motion's appointment of bankers to advise on drastic options, including an outright sale of the BlackBerry maker, may only hasten moves by major customers to offer their employees smartphones produced by rivals.


India Inc seeks sops for growth

Posted: 01 Jun 2012 02:38 PM PDT

While blaming the government's misplaced policy focus for the sharp slowdown, India Inc on Friday used the low GDP growth as an opportunity to make a case for more sops and protection from imports.


Manufacturing growth remains steady in May

Posted: 01 Jun 2012 02:36 PM PDT

The country's manufacturing sector showed some signs of improvement on the back of new orders but price pressures remained, a survey showed on Friday.


PM's bid to speed up projects

Posted: 01 Jun 2012 02:35 PM PDT

Faced with a slowing economy, Prime Minister Manmohan Singh on Friday set up an investment tracking system to ensure speedy implementation of projects.


Pay parity at AI-IA likely from August

Posted: 01 Jun 2012 02:32 PM PDT

From August, employees of erstwhile Air India and Indian Airlines can expect to have some pay parity in their salary cheques — if the merged airline is able to pay them — and similar working conditions.


Oil falls below $98 on growth worries

Posted: 01 Jun 2012 07:34 AM PDT

Oil fell to a 16-month low below $98 per barrel on Friday as weak US jobs data, poor manufacturing data from China and a spiralling euro zone debt crisis deepened worries over the prospects for global economic growth.


RBI rate cut expected

Posted: 01 Jun 2012 06:38 AM PDT

From "gasping elephant" to "stagflation", analysts have panned India's quarterly growth of 5.3 percent with some ominous language.


'Stimulus package needed to revive economic growth'

Posted: 01 Jun 2012 06:35 AM PDT

The Reserve Bank of India should cut key policy rates by at least one per cent, and the government needs to come out with stimulus package to revive the economy, Adi Godrej, president of Confederation of Indian Industry ( CII), said on Friday.


Rupee posts ninth straight weekly drop

Posted: 01 Jun 2012 06:29 AM PDT

The rupee strengthened on Friday on the back of dollar sales by corporates but it still posted a ninth consecutive weekly drop, its worst losing streak since the Lehman crisis.


Sensex drops 253 pts on growth worries

Posted: 01 Jun 2012 04:15 AM PDT

Stock markets fell for the third day with the BSE benchmark Sensex index losing 253 points to close below 16,000 level.


Gold declines by Rs 130 to Rs 29,340

Posted: 01 Jun 2012 03:02 AM PDT

Gold prices today tumbled by Rs 130 to Rs 29,340 per 10 grams in the bullion market here today due to slackened demand at prevailing higher levels amid a weakening global trend.


Sensex slumps 143 pts on weak economic numbers

Posted: 01 Jun 2012 02:35 AM PDT

Indian equities markets benchmark indices slumped almost one percent in afternoon trade on Friday as disappointing economic growth numbers and continued weakness in rupee dampened investors sentiments.


GM India sales down 27% in May

Posted: 01 Jun 2012 02:24 AM PDT

General Motors India on Friday said its sales declined by 27.01% at 6,079 units during May this year.


Rupee up 16 paise at 55.95 vs dollar

Posted: 31 May 2012 11:09 PM PDT

The rupee was trading 16 paise up at 55.92 against the US dollar due mild selling of the American currency by banks as it weakened against other currencies in the overseas market.


BEML posts Rs 14 crore net loss

Posted: 31 May 2012 10:40 PM PDT

The company has recently got embroiled in a raging controversy with the Indian Army, whose outgoing chief General VK Singh, who said he was offered a bribe to accept sub-standard vehicles.


Maruti Suzuki sales down 5% in May

Posted: 31 May 2012 10:20 PM PDT

The country's largest carmaker Maruti Suzuki on Friday reported 4.99 per cent fall in total sales at 98,884 units for May.


Rupee gains 23 paise vs dollar in early trade

Posted: 31 May 2012 09:29 PM PDT

The rupee on Friday strengthened by 23 paise against the US dollar to 55.85 in early trade on the Interbank Foreign Exchange market.


Sensex down 41 points in early trade

Posted: 31 May 2012 09:13 PM PDT

Continuing its slide for the third day in a row, the BSE benchmark Sensex fell by 41 points in opening trade today.


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