Friday, July 27, 2012

M&M plans small cars on Logan platform

M&M plans small cars on Logan platform


M&M plans small cars on Logan platform

Posted: 27 Jul 2012 04:08 PM PDT

In a move that will mark its entry into the compact car category, Mahindra & Mahindra has said it can develop a small car on the Logan platform that it inherited from its erstwhile joint venture partner Renault.


DCHL promoters pledge 54% to Future Cap

Posted: 27 Jul 2012 04:06 PM PDT

DCHL on Friday informed the bourses that its promoters - T Venkattram Reddy, T Vinayak Ravi Reddy and P K Iyer - pledged 11,28,51,000 shares (54%) to FCHL, leaving them with only 19.83% unencumbered equity in the company.


ICICI net up 36% but PSUs hit by slowdown

Posted: 27 Jul 2012 04:05 PM PDT

The bank announced its results on the same day as five other nationalized banks announced their quarterly performance.


Sebi probes crash in mid-cap segment

Posted: 27 Jul 2012 04:04 PM PDT

On Friday, Sebi called some of the brokers and institution players and inquired about Thursday's hectic offloading in some of the counters, sources said.


Bhatia's criticism of aviation policy gets support

Posted: 27 Jul 2012 04:00 PM PDT

Indian aviation is facing a severe crisis with domestic airlines collectively losing $2 billion last fiscal on top of $3.5 billion losses of previous three financial years.


US economic growth slowed to 1.5%

Posted: 27 Jul 2012 07:07 AM PDT

The US economy grew at an annual rate of just 1.5 per cent from April through June, as Americans cut back sharply on spending. The slowdown in growth adds to worries that the economy could be stalling three years after the recession ended.


Rupee gains as stocks rally

Posted: 27 Jul 2012 05:59 AM PDT

The rupee rose for a second successive session on Friday as local shares rallied in line with overnight gains in risk assets after the European Central Bank vowed to protect the euro zone.


Sachin unveils all-new BMW 3 series

Posted: 27 Jul 2012 05:14 AM PDT

Sachin Tendulkar unveiled the all-new BMW 3 series sedan by German luxury car maker BMW in petrol and diesel variants priced between Rs 28.90 lakh and Rs 37.90 lakh. ex-showroom).


Sensex closes 200 pts up on ICICI Bank result

Posted: 27 Jul 2012 05:05 AM PDT

Private banking shares were in the limelight after ICICI Bank posted good Q1 results. ICICI Bank rose by 2.35 per cent while HDFC Bank jumped by over 3 per cent.


Sensex closes 214 points up

Posted: 27 Jul 2012 04:05 AM PDT

A benchmark index of Indian equities markets Friday closed 214 points up.


ICICI Bank Q1 net up 36.3%

Posted: 27 Jul 2012 01:51 AM PDT

ICICI Bank, India's top private lender, posted on Friday a 36.3 percent jump in quarterly profit, its strongest growth in more than a year, helped by robust loan growth, high fee income and better asset quality.


Sensex surges around 320 points

Posted: 26 Jul 2012 11:16 PM PDT

The Sensex and the Nifty gained about 2 percent, led by gains in banking shares such as ICICI Bank, following a rally in Asian shares that rose after the European Central Bank boosted market sentiment by signaling its resolve to defend the euro zone.


Rupee down 4 paise against dollar

Posted: 26 Jul 2012 10:52 PM PDT

The rupee failed to maintain its early gains and slipped by four paise to trade at 55.56 against the US currency on renewed dollar demand from banks and importers.


Rupee up 9 paise against dollar in early trade

Posted: 26 Jul 2012 09:43 PM PDT

The rupee rose by 9 paise to 55.43 against the US dollar in early trade on Friday at the Interbank Foreign Exchange on increased capital inflows amid stronger euro.


Sensex gains 271 points in early trade

Posted: 26 Jul 2012 09:41 PM PDT

The BSE benchmark Sensex recovered sharply by over 271 points in early trade on Friday, after two sessions of losses, on fresh spell of buying amid a firming trend in the global markets.


ESPN Star finds on-air sponsors for Olympics

Posted: 26 Jul 2012 03:23 PM PDT

Sports broadcaster ESPN Star has got on board Hero MotoCorp, Tata Docomo and Airtel DTH as on-air sponsors for the London Olympics starting Friday.

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