Wednesday, August 1, 2012

India, Pakistan talk energy trade

India, Pakistan talk energy trade


India, Pakistan talk energy trade

Posted: 01 Aug 2012 04:52 PM PDT

While lifting the ban on investment from Pakistan, the government has made it clear that fund inflow in defence, space and atomic energy would not be permitted.


DoT proposes slab system for revenue share

Posted: 01 Aug 2012 04:46 PM PDT

The telecom ministry has proposed the existing slab rate system of revenue sharing for spectrum usage charge (SUC) to the cabinet.If accepted, the proposal will help new entrants as they will have to pay a lower levy.


Unitech, Telenor tussle intensifies

Posted: 01 Aug 2012 04:43 PM PDT

The fight for control of mobile operator Uninor, the joint venture between Telenor and Unitech, intensified with the Norwegian company that has a majority stake in the Indian entity moving to acquire the assets here.


Will Vodafone, govt settle tax row?

Posted: 01 Aug 2012 04:41 PM PDT

With P Chidambaram back in the finance ministry, all eyes are on him as investors await his next move on his predecessor's controversial tax issues, including the Rs 12,000 crore Vodafone case.


Delhi HC notice to CIL, govt on coal pricing

Posted: 01 Aug 2012 04:34 PM PDT

TCI, which owns 1% in Coal India, has sought the court's directive for quashing of a January 25 letter that then coal secretary Alok Perti wrote to the company for reversal of a hike in coal prices.


Services companies get ready to back home offices

Posted: 01 Aug 2012 04:29 PM PDT

The concept of working from home, though not new, is becoming so real that it's finding resonance in supporting industries.


SBI cuts home, auto loan rates

Posted: 01 Aug 2012 04:27 PM PDT

Home and auto loans are set to become cheaper with the country's largest lender State Bank of India cutting lending rates by up to 50 basis points effective August 7.


Car sales remain on the slow track in July

Posted: 01 Aug 2012 12:12 PM PDT

Car sales remained on the edge in July as the slack demand for petrol cars and poor economic climate kept volumes under check, even as the lockout at Maruti's Manesar plant threatens to depress numbers in August.


RIL becomes India's most valued firm

Posted: 01 Aug 2012 06:34 AM PDT

Reliance Industries (RIL) on Wednesday toppled state-run oil company ONGC to become the country's most valued firm.


Rupee up 18 paise against dollar

Posted: 01 Aug 2012 05:55 AM PDT

The rupee on Wednesday strengthened by 18 paise, breaking its two-day losing string, to close at 55.47 against the US dollar on robust capital inflows in the stock market and exporters selling the American currency ahead of the outcome of a key US Federal Reserve meet.


Toyota Kirloskar clocks 7% sales growth in July

Posted: 01 Aug 2012 05:08 AM PDT

Toyota Kirloskar Motor (TKM), which manufactures the Etios, Corolla, Innova and Fortuner, has reported a 7% growth in sales in July. The company sold 14,574 units in July as compared to 13,592 units in the corresponding month a year ago.


Sensex up 21 points ahead of Fed meet

Posted: 01 Aug 2012 04:07 AM PDT

Sensex today extended gains for the fourth straight day by adding over 21 points as investors awaited the outcome of a key US Federal Reserve meeting.


BMW earnings fall 28%

Posted: 01 Aug 2012 01:21 AM PDT

Despite the fall in profit against the same quarter last year, which enjoyed an exceptional gain, the company recorded record sales.


India's manufacturing growth falls in July

Posted: 01 Aug 2012 12:10 AM PDT

India's manufacturing sector witnessed a slowdown in July - the weakest growth rate since November - because of moderation in domestic and export orders amid sagging global economy, an HSBC survey said.


Cipla up over 7%, stock hits 52-week high

Posted: 31 Jul 2012 11:07 PM PDT

The company's scrip opened higher and gained 7.39 per cent to touch a 52-week high of Rs 363.60 on the BSE.


Maruti posts 9.2% increase in July sales

Posted: 31 Jul 2012 10:45 PM PDT

The lockout at its Manesar plant notwithstanding, the country's largest carmaker Maruti suzuki India on Wednesday reported 9.2 per cent increase in sales for July.


Exports dip 5.45% in June to $25 bn

Posted: 31 Jul 2012 10:37 PM PDT

India's exports contracted for the second consecutive month in June by 5.45 per cent, year-on- year, to USD 25 billion on account of growing economic uncertainties in the Western markets.


June exports down 5%: Govt

Posted: 31 Jul 2012 10:15 PM PDT

India's exports fell 5.45 percent to $25.1 billion in June, while imports fell 13.46 percent to $35.4 billion, leaving a trade deficit of $10.3 billion, government data showed on Wednesday.


Sensex down 36 points in early trade

Posted: 31 Jul 2012 09:27 PM PDT

The 30-share barometer, which had gained over 598 points in the last three sessions, fell by 35.91 points, or 0.20 per cent, to 17,200.27.


Rupee gains 10 paise against dollar

Posted: 31 Jul 2012 09:26 PM PDT

The rupee had lost 7 paise to close at 55.65 against the dollar in volatile trade yesterday.


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