No money to pay salary, Kingfisher Airlines tells unpaid staff |
- No money to pay salary, Kingfisher Airlines tells unpaid staff
- Jet Air out of red after five quarters
- Sebi bars 19 entities for midcap slide
- Prepaid processing charges may be slashed
- 2G spectrum base price set at Rs 14k cr
- Spain inches closer to seeking sovereign bailout
- Gold cuts weekly drop as price slump spurs sale
- S&P downgrades ArcelorMittal's rating to junk
- Dollar ends cheaper against rupee
- Sensex ends 26 points down
- ArcelorMittal's ratings lowered to junk grade by S&P
- India's services growth index falls slightly: HSBC
- RBI to control cheque frauds
- Mahindra Satyam soars 10% on Q1 results
- Adidas to invest 70 million euros in Reebok India
- Rupee falls to 1-week low
- Sensex down 116 points in early trade
| No money to pay salary, Kingfisher Airlines tells unpaid staff Posted: 03 Aug 2012 01:02 PM PDT There's no end in sight for troubles at crisis-ridden Kingfisher even as its listed peers, Jet and SpiceJet, have flown into black from deep red in Q1 this fiscal. 
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| Jet Air out of red after five quarters Posted: 03 Aug 2012 12:34 PM PDT Troubles at Kingfisher and Air India are pulling other airlines out of red. After SpiceJet, Jet Airways on Friday announced a profit of Rs 36.4 crore in the April-June quarter after five consecutive loss-making quarters. 
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| Sebi bars 19 entities for midcap slide Posted: 03 Aug 2012 12:26 PM PDT Market regulator Sebi has barred 19 entities from the market, suspecting they had a role to play in the crash of four mid-cap stocks on July 26. 
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| Prepaid processing charges may be slashed Posted: 03 Aug 2012 12:14 PM PDT There may soon be good news for nearly 95% of India's 965 million mobile users who use prepaid connections. 
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| 2G spectrum base price set at Rs 14k cr Posted: 03 Aug 2012 12:09 PM PDT The Union Cabinet on Friday approved the reserve price for auction of second generation radio waves as well as spectrum usage charges (SUC) and an auctioneer will be soon appointed to carry forward the process. 
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| Spain inches closer to seeking sovereign bailout Posted: 03 Aug 2012 06:55 AM PDT Spain inched closer to seeking a sovereign bailout on Friday as Prime Minister Mariano Rajoy opened the door to a request, although he said he needed first to know the attached conditions as well as the form the rescue would take. 
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| Gold cuts weekly drop as price slump spurs sale Posted: 03 Aug 2012 05:56 AM PDT Gold today gained for the first time in five days on speculation investors will step up purchases after the metal's worst week in six. 
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| S&P downgrades ArcelorMittal's rating to junk Posted: 03 Aug 2012 05:36 AM PDT Rating agency Standard and Poor's (S&P) has cut its ratings for ArcelorMittal's debt to junk status as it feels that there is uncertainty over world's largest steelmaker's debt reduction plans. 
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| Dollar ends cheaper against rupee Posted: 03 Aug 2012 05:12 AM PDT The US dollar ended cheaper against the rupee at Rs 55.75/76 per dollar and the Pound sterling also finished lower at Rs 86.82/84 per pound at the close of the Interbank Foreign Exchange Market (Forex) today. 
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| Posted: 03 Aug 2012 04:15 AM PDT After dropping nearly 200 points, the Sensex on Friday staged a smart recovery tracking strong cues to close just 26 points lower as investors looked beyond the deficient monsoon and ECB not announcing immediate steps to tackle Eurozone debt crisis. 
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| ArcelorMittal's ratings lowered to junk grade by S&P Posted: 03 Aug 2012 02:32 AM PDT In a move that will have implications on ArcelorMittal's fund raising abilities, rating agency Standard & Poor's has downgraded Lakshmi Mittal led steel group to below junk grade. 
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| India's services growth index falls slightly: HSBC Posted: 03 Aug 2012 12:09 AM PDT India's services sector growth rate saw a slight fall in July but remained in the positive terrain for the ninth month in a row, amid rise in new orders and employment levels holding up, an HSBC survey says. 
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| Posted: 02 Aug 2012 11:30 PM PDT The Reserve Bank of India (RBI) has taken some measures to control the menace of cheque fraud in the banking sector. 
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| Mahindra Satyam soars 10% on Q1 results Posted: 02 Aug 2012 11:28 PM PDT Shares of Mahindra Satyam on Friday soared about 10 per cent following its posting over 56 per cent jump in net profit for the quarter ended June 30. 
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| Adidas to invest 70 million euros in Reebok India Posted: 02 Aug 2012 10:18 PM PDT Adidas reported 18% jump in net earnings to 165 million euros (about Rs 1,123 crore) in the second quarter, helped by its sponsorship of the London Olympics and the Euro 2012 football tournament. 
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| Posted: 02 Aug 2012 09:40 PM PDT The rupee on Friday again breached the 56-mark by losing 31 paise to 56.15 against the US dollar in early trade to hit a fresh one-week low, due to strong demand for the American currency from banks and importers. 
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| Sensex down 116 points in early trade Posted: 02 Aug 2012 09:39 PM PDT The BSE benchmark Sensex on Friday fell by nearly 116 points in early trade, due to increased selling by funds largely in tandem with a weakening trend on other Asian bourses. 
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