Sunday, September 2, 2012

Pavers backs 30% local sourcing

Pavers backs 30% local sourcing

Pavers backs 30% local sourcing

Posted: 02 Sep 2012 04:52 PM PDT

British shoemaker Pavers England, the first applicant to set up a wholly-owned single-brand retail venture, is not in favour of diluting the clause that makes it mandatory to source from local small-scale units.

BSNL's losses widen in FY12 to 8,851crore

Posted: 02 Sep 2012 04:50 PM PDT

State-run BSNL's losses widened to about Rs 8,851 crore during 2011-12, mainly due to regulatory expenses and non-receipt of funds for its rural landlines operations.

Sebi may seek basis of IPO price bands

Posted: 02 Sep 2012 04:49 PM PDT

Market regulator Securities and Exchange Board of India (Sebi) may soon ask companies and merchant bankers to limit any business transactions among them to the bare minimum and to provide investors with a detailed analysis of how they discover the IPO price range.

ATF up 16% since July, airfares set to rise

Posted: 02 Sep 2012 04:47 PM PDT

Domestic airfares are set to rise further by upwards of Rs 500 due to last Friday's steep 7.6% increase in the price of aviation turbine fuel (ATF).

Finance ministry asks PSUs to step up capex

Posted: 02 Sep 2012 04:43 PM PDT

With little revival in private investment, the finance ministry is getting over half-a-dozen PSUs to speed up construction of projects, add capacity and increase investment level in the economy.

Indian trade promotion office opens in Cambodia

Posted: 02 Sep 2012 09:23 AM PDT

The office of the Indian Chamber of Commerce was officially launched here Sunday to promote economic, trade and investment ties between India and Cambodia.

Baby steps to bank reforms unlikely to bring cheer

Posted: 02 Sep 2012 08:53 AM PDT

India's reluctance to shed some of its 50-plus per cent stakes in state banks, which have a market share of 70 per cent and a bigger proportion of the sector's bad loans, means a big chunk of lending remains exposed to political interference.

US fines over Iran loom for banks

Posted: 02 Sep 2012 07:18 AM PDT

For years, the United States struggled to get foreign bankers to comply with its effort to throttle Iran's economy -- but a couple of billion dollars in fines, not to mention lurid headlines and talk of jail time, has suddenly got their attention.

China holds second Eurasia economic meet

Posted: 02 Sep 2012 06:22 AM PDT

Chinese premier Wen Jiabao called on China and Eurasian countries to open their markets for reviving the trade on the ancient silk route to strengthen their cooperation in all areas.

JSW Ispat merges with JSW Steel

Posted: 01 Sep 2012 01:07 PM PDT

Sajjan Jindal-led JSW Steel on Saturday announced the merger of JSW Ispat (formerly Ispat Industries) with itself, making the combined entity the second largest Indian steel company with a capacity of 14.3 million tonne per annum.
Posted by Harshad at 9:03 PM

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