Diesel, cooking gas hike unlikely before session

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• Diesel, cooking gas hike unlikely before session
• EGoM defers spectrum pricing for existing players
• Wipro's Q1 net rises 19% to Rs 1,574 crore
• Steep ATF costs hit desi airlines
• P&G-Teva JV to set up Rs 500cr plant in Sanand
• 'We have created a hunting sales team'
• Uninor to scale down operations in four telecom circles
• Rivals eye gain from Maruti woes
• RBI studies cheap and quick remittance mode
• 'Manesar violence may dent India's image'
• Wipro buys Yardley's EU business
• Gold extends gains on festive off-take, silver recovers
• Re down by 14 paise to 56.11 vs dollar
• RBI to hire 6 cos to overhaul HR practices
• Sensex closes 41 pts up, Wipro down 3%
• Sensex closes 41 pts as HUL spurts, Wipro down 3%
• Uninor to scale down ops amid policy uncertainty
• Rupee down 13 paise against dollar
• Sensex recovers 73 points, HUL surges 3.7%
• Wipro Q1 net profit up 18.37%

Diesel, cooking gas hike unlikely before session Posted: 24 Jul 2012 01:28 PM PDT The government appears to be testing the political waters for raising diesel and kitchen fuel prices but is unsure whether it can push the proposal before Parliament's monsoon session, scheduled from August 8.

EGoM defers spectrum pricing for existing players Posted: 24 Jul 2012 01:27 PM PDT EGoM has suggested two formulas for the spectrum usage charge (SUC) to the cabinet.It said continuation of the existing slab rate system for the SUC is a preferred option.

Wipro's Q1 net rises 19% to Rs 1,574 crore Posted: 24 Jul 2012 01:21 PM PDT The IT services revenue in dollar terms was down 1.4%, at $1,515 million, compared to the preceding quarter, worse than Infosys Technologies's drop of 1.1% and TCS's rise of 3.3%.

Steep ATF costs hit desi airlines Posted: 24 Jul 2012 01:18 PM PDT Indian carriers pay anywhere between 47% and 65% more for fuelling up their aircraft for domestic flights than other airlines globally.

P&G-Teva JV to set up Rs 500cr plant in Sanand Posted: 24 Jul 2012 01:04 PM PDT After carmakers, leading FMCG makers are driving into Sanand. US-based Procter & Gamble and Israel's Teva Pharmaceutical Industries are jointly setting up a Rs 500 crore plant to manufacture consumer health and over-the-counter products.

'We have created a hunting sales team' Posted: 24 Jul 2012 12:40 PM PDT T K Kurien, Wipro's CEO for the IT business, talks to TOI about a new sales strategy, which the company hopes will help break the reluctance of customers to spend in the current uncertain times, or to transfer business to Wipro from its competitors.

Uninor to scale down operations in four telecom circles Posted: 24 Jul 2012 12:39 PM PDT Uninor has a total of around 400 direct employees in these four circles and it will evaluate possibilities of relocating some of the employees to other Uninor circles.

Rivals eye gain from Maruti woes Posted: 24 Jul 2012 12:38 PM PDT Maruti Suzuki's close rival Hyundai has written to its dealers to "push" and "increase" sales of i20 compact as competitors look to gain from the lockout at the top carmaker's Manesar plant.

RBI studies cheap and quick remittance mode Posted: 24 Jul 2012 12:37 PM PDT Sending money home for millions of migrant labourers may become a lot cheaper and faster if the recommendations of an IIT panel are adopted by RBI and public sector banks.

'Manesar violence may dent India's image' Posted: 24 Jul 2012 12:29 PM PDT A M Naik, chairman, Larsen & Toubro, said the incident would definitely dampen investors' confidence in that part of the state.

Wipro buys Yardley's EU business Posted: 24 Jul 2012 12:26 PM PDT Wipro Consumer Care & Lighting, the FMCG arm of Wipro, has acquired the UK and Europe (excluding Germany and Austria) business of personal care brand Yardley from the Lornamead Group, for an undisclosed sum.

Gold extends gains on festive off-take, silver recovers Posted: 24 Jul 2012 06:17 AM PDT Gold prices firmed up further at the domestic bullion market today on sustained stockists' and investors' demand on the back of forthcoming festive seasonal off-take, despite bearish global cues.

Re down by 14 paise to 56.11 vs dollar Posted: 24 Jul 2012 06:14 AM PDT The rupee today extended its losses for the third straight session and fell by 14 paise to cross 56-level after more than three weeks against the American currency on strong dollar demand from importers and capital outflows.

RBI to hire 6 cos to overhaul HR practices Posted: 24 Jul 2012 04:54 AM PDT The Reserve Bank plans to rope in outside consultants to overhaul its human resource practices, a move that would affect its nearly 18,000 employees.

Sensex closes 41 pts up, Wipro down 3% Posted: 24 Jul 2012 04:51 AM PDT Sensex closed 41 points higher amid contrasting earnings signals from FMCG giant HUL which beat expectations by doubling profits while IT major Wipro's muted guidance was a disappointment.

Sensex closes 41 pts as HUL spurts, Wipro down 3% Posted: 24 Jul 2012 04:51 AM PDT Sensex closed 41 points higher amid contrasting earnings signals from FMCG giant HUL which beat expectations by doubling profits while IT major Wipro's muted guidance was a disappointment.

Uninor to scale down ops amid policy uncertainty Posted: 24 Jul 2012 04:04 AM PDT Norwegian telecom major Telenor's India unit will scale down operations in Tamil Nadu, Kerala, Karnataka and Orissa out of its 13 circles in light of the continuing uncertainty around the 2G auction policy and timing, the telco said in a statement on Tuesday.

Rupee down 13 paise against dollar Posted: 23 Jul 2012 09:33 PM PDT The rupee on Tuesday breached the 56-mark, down 13 paise to trade at fresh three-week low of 56.10 against the US dollar on the Interbank Foreign Exchange due to strong demand for the American currency from banks and importers, particularly oil firms.

Sensex recovers 73 points, HUL surges 3.7% Posted: 23 Jul 2012 09:29 PM PDT The BSE benchmark Sensex recovered by nearly 73 points in early trade on Tuesday after recent losses on emergence of buying by funds and retail investors at prevailing levels amid strong first quarter earnings announced by Hindustan Unilever.

Wipro Q1 net profit up 18.37% Posted: 23 Jul 2012 09:04 PM PDT Country's third-largest software firm Wipro today reported 18.37 per cent increase in consolidated net profit at Rs 1,580.2 crore for the first quarter ended June 30, 2012.

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