Monday, July 23, 2012

Spain sinks deeper into recession in Q2

Spain sinks deeper into recession in Q2

Spain sinks deeper into recession in Q2

Posted: 23 Jul 2012 05:07 PM PDT

Economic output shrank by 0.4% in the three months from April to June having slumped by 0.3% in the first quarter, the Bank of Spain said in its monthly report.

Maruti incident to dent India’s image, says Godrej

Posted: 23 Jul 2012 05:05 PM PDT

Maruti incident to dent India's image, says Godrej

Kingfisher Airlines fumbles on salary promise

Posted: 23 Jul 2012 05:03 PM PDT

Crisis-ridden Kingfisher Airline's promise to pay February salary to all its employees by last Monday (July 16) is sounding hollow to a substantial number of staffers, including pilots, who have still not got the same.

Sensex tanks 281 points on Spain pain

Posted: 23 Jul 2012 05:00 PM PDT

With the political uncertainty involving the Congress and the NCP threatening to stall reforms, the sensex on Monday tanked 281 points — its biggest slide since mid-May — to its lowest close in over a month at 16,877.

Odyssey trims operations to six book stores

Posted: 23 Jul 2012 04:55 PM PDT

Odyssey Book Store has scaled back its operations by downing shutters across several stores in the country. The book retailer has now restricted its operations to just six stores spread across three cities in India.

Retailers Next, Debenhams eye new partners

Posted: 23 Jul 2012 04:53 PM PDT

UK-based retailers Next and Debenhams are likely to seek new partnerships to expand more aggressively in India, said sources familiar with the development.

Idea Q1 net surges 32% to Rs 234cr

Posted: 23 Jul 2012 04:49 PM PDT

Idea Cellular on Monday reported a healthy 32% jump in consolidated net profit at Rs 234.1 crore for the first quarter ended June 30 driven by a strong revenue growth.

HUL Q1 net up 112%, beats slump

Posted: 23 Jul 2012 04:43 PM PDT

In what sends out a positive signal that growth in the fast-moving consumer goods (FMCG) industry has sustained its momentum, notwithstanding the slowdown in GDP and a poor start to the monsoon, Hindustan Unilever's (HUL's) net profit has more than doubled to Rs 1,331 crore in the first quarter ended June 30, 2012.

Govt puts secrecy cover on IIP data

Posted: 23 Jul 2012 04:40 PM PDT

Having failed to check errors in industrial production data, the government has now decided to stop giving a detailed break-up, something that has been the norm for years.

Petrol price up by 70 paise per litre

Posted: 23 Jul 2012 12:18 PM PDT

State-run fuel retailers on Monday decided to raise petrol price by 70 paise a litre from Tuesday, ending a short spell of good times that followed when pump rates were cut by nearly Rs 5 a litre in two tranches last month.

Govt to increase subsidy on pulses

Posted: 23 Jul 2012 07:45 AM PDT

Admitting that prices of sugar, pulses and vegetables are rising, the government today said it is planning to increase the subsidy for distribution of pulses through ration shops to provide relief to the common man.

Difficult to reverse Cairn-Vedanta deal: SC

Posted: 23 Jul 2012 07:42 AM PDT

The Supreme Court today said it will be difficult to reverse the USD 8.5 billion Cairn-Vedanta deal but would examine the allegation that it contravened an agreement that while selling its shares Cairn India would offer them first to state-owned PSU ONGC.

Gold gains further, silver declines

Posted: 23 Jul 2012 06:16 AM PDT

Gold prices gained further at the domestic bullion market today on good stockists' and investors' offtake supported by coming festive season, despite lower overseas cues. Silver witnessed speculative selling amidst reduced industrial buying.

Re falls most in one month as euro falters

Posted: 23 Jul 2012 05:58 AM PDT

Rupee on Monday fell the most in a month as risk assets got pummelled, sending the euro sharply lower against multiple currencies, although the local unit found support from large dollar sales by a petrochemical company.

L&T Q1 net up 16% at Rs 864 crore

Posted: 23 Jul 2012 02:30 AM PDT

Engineering and construction major Larsen and Toubro (L&T) on Monday reported 15.7 per cent rise in net profit at Rs 863.65 crore for the quarter ended June 30 on higher revenue.

Essar Oil secures Rs 5000 crore loan

Posted: 23 Jul 2012 01:41 AM PDT

Ruias-owned Essar Oil has secured loans of Rs 5,000 crore to meet its Rs 8,000 crore of sales tax obligations (including interest and penalties) to the Gujarat government.

Sensex down 200 points

Posted: 23 Jul 2012 01:22 AM PDT

The Sensex was near intraday low as investors booked profits following economic concerns in Spain and Greece. Back home, reforms may take a back seat following tension between UPA allies - the Congress and the Nationalist Congress Party.

Maruti shares drop, plant remains shut

Posted: 22 Jul 2012 11:44 PM PDT

Shares in Maruti Suzuki fell more than 5 percent in early trading on Monday after the carmaker admitted that it had no idea when a factory hit by a deadly riot last week would reopen.

Rupee tumbles 43 paise against dollar

Posted: 22 Jul 2012 09:51 PM PDT

The rupee fell by 43 paise to trade at 55.75, its lowest since July 13 against the dollar in early trade today at the Interbank Foreign Exchange as the American currency strengthened against euro and other currencies in the overseas market.

Sensex sheds 153 points in early trade

Posted: 22 Jul 2012 09:24 PM PDT

The BSE benchmark Sensex fell by over 153 points in early trade today on fresh selling by funds and retail investors, triggered by weak global cues.
Posted by Harshad at 9:28 PM

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)