Thursday, June 28, 2012

Suzuki, Honda go for Splendor’s share

Suzuki, Honda go for Splendor’s share

Suzuki, Honda go for Splendor’s share

Posted: 28 Jun 2012 03:20 PM PDT

Two big competitors. Two mass-market motorcycles. One target: The 6-million-unit-a-year executive commuter segment, dominated now by Hero's Splendor.

D Subbarao dampens fiscal stimulus hopes

Posted: 28 Jun 2012 02:58 PM PDT

Reserve Bank of India (RBI) governor D Subbarao has said that the government does not have the headroom for a fiscal stimulus.

Cairn UK to sell 3.5% in Cairn India for $370m

Posted: 28 Jun 2012 02:17 PM PDT

Cairn Energy of UK, till recently the promoters of Cairn India, is selling 6.7 crore shares of the company, translating to about 3.5% of the company, for about Rs 2,100 crore ($370 million).

Govt may go slow on Vodafone tax case

Posted: 28 Jun 2012 02:14 PM PDT

The government on Thursday indicated that it is "going slow" on the move to raise a fresh tax demand on Vodafone but moved in swiftly to issue draft norms on the controversial General Anti-Avoidance Rules (GAAR) that will kick in from next April.

Re gains, PM's comments spark hopes

Posted: 28 Jun 2012 05:56 AM PDT

The rupee today rose by a whopping 35 paise to close at 56.80 against the dollar amid hopes that Prime Minister Manmohan Singh who himself has taken over the Finance portfolio will initiate steps to prop up the economy and halt the currency's slide.

Re gains, PM's comments spark hopes

Posted: 28 Jun 2012 05:56 AM PDT

The rupee posted its biggest percentage gain in two weeks on Thursday on hopes long-stalled reforms will pick up pace after Prime Minister Manmohan Singh asked officials to chart a revival in the economy and perk up investor confidence.

General Motors says no to Cadillac brand for India

Posted: 28 Jun 2012 05:54 AM PDT

India may be on the radar of global luxury carmakers, but General Motors has said it has no immediate plans to roll out its Cadillac premium cars in the market.

Brent falls towards $93 on eurozone

Posted: 28 Jun 2012 04:32 AM PDT

Brent crude oil slipped to around $93 per barrel on Thursday as worries a deepening euro zone crisis would curb economic growth and energy demand outweighed a cut in Norwegian oil output.

Sensex extends 3-day rally, edges up 23 points

Posted: 28 Jun 2012 04:15 AM PDT

In volatile trade, Sensex rose for the third straight day today edging up 23 points, led by FMCG, power and PSU stocks, amid hopes Prime Minister Manmohan Singh will take steps to boost the economy and halt the rupee slide.

Salaries for temporary staff fast catching up

Posted: 28 Jun 2012 03:29 AM PDT

Salaries for temporary jobs are fast catching up with that of permanent ones as more organizations look to hire temporary staff.

India's ranking in world insurance market drops

Posted: 28 Jun 2012 03:17 AM PDT

Drop in life insurance premium after new regulations results in drop in India's share in world insurance market.

Rupee remains firm

Posted: 28 Jun 2012 02:01 AM PDT

The rupee remained firm by rising 17 paise to 56.98 per dollar in midsession trading on Thursday as Prime Minister Manmohan Singh signalled his keenness to boost economy.

'Office space absorption to be down 15% this year'

Posted: 28 Jun 2012 01:40 AM PDT

Global realty consultant CBRE on Thursday said absorption level of office space in India may come down by about 15 per cent to around 30 million square feet this year due to the current economic slowdown.

Sensex up; power, FMCG stocks gain

Posted: 28 Jun 2012 01:25 AM PDT

A benchmark index of equities markets was trading 0.22 per cent higher in the afternoon session on Thursday led by robust buying in power, FMCG and capital goods stocks and firm Asian cues.

SBI cuts interest rate for exporters by 0.5%

Posted: 28 Jun 2012 01:16 AM PDT

Country's largest lender SBI has cut interest rate on loans to exporters by 0.5 per cent within days of the Reserve Bank increasing the export refinancing limits of banks.

Sensex up 42 points on buying by funds

Posted: 27 Jun 2012 09:41 PM PDT

The BSE benchmark Sensex on Thursday rose by over 42 points to trade above 17,000-level on sustained buying by funds on hopes that the government will accelerate economic reforms, amid a firming trend in Asian markets.

Rupee gains 19 paise against dollar

Posted: 27 Jun 2012 09:23 PM PDT

Extending its gains for the second straight day, the Sensex today advanced by 61 points led by metal and power stocks amid hopes of faster economic reforms with Prime Minister Manmohan Singh himself taking over the additional charge of Finance Ministry.
Posted by Harshad at 9:26 PM

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