Thursday, October 25, 2012

Sanjiv Goenka buys 49.5% in BPO Firstsource for 400 cr

Sanjiv Goenka buys 49.5% in BPO Firstsource for 400 cr


Sanjiv Goenka buys 49.5% in BPO Firstsource for 400 cr

Posted: 25 Oct 2012 07:06 PM PDT

"The transactions will be in two parts.Firstsource is issuing fresh shares, which is 34.5% of the expanded capital base, to Spen Liq for Rs 278 crore.


CAG for performance audit of RIL's gas field

Posted: 25 Oct 2012 07:01 PM PDT

The ministry ordered the second round of CAG audit after the field's output fell to less than half of the targeted 60 mcmd (million cubic metres per day) for which investments were approved.


Kalanithi always fishes in troubled waters

Posted: 25 Oct 2012 06:59 PM PDT

When six out of nine Indian Premier League (IPL) franchise owners are finding it difficult to break even, conventional wisdom would suggest that no new player would hazard an entry into the business.


Did Maran pitch it right on valuation?

Posted: 25 Oct 2012 06:56 PM PDT

Depending on whether the reference point for IPL valuations is the first round auction of 2008 or the second round of 2010, media baron Kalanithi Maran has paid top or bottom dollar for the Hyderabad team.


More professionals in million-$ pay club

Posted: 25 Oct 2012 06:55 PM PDT

The membership of the million dollar salary club in India went up only marginally this year even as more professional CEOs marked their presence on the elite group.


IKEA to retain Scandinavian style in India

Posted: 25 Oct 2012 09:59 AM PDT

IKEA customers used to assembling its flat-packed furniture will, if the Swedish firm's design boss has his way, soon be able to add their own touches to products before buying.


M&M beats Q2 net profit expectations

Posted: 25 Oct 2012 09:57 AM PDT

Mahindra and Mahindra Ltd, India's biggest SUV manufacturer, beat analysts' estimates with a 22 per cent rise in net second quarter profit as its car sales outperformed the market, but margins were hit by a fall in tractor sales.


Sony India expects festive revenue of Rs 2,850cr

Posted: 25 Oct 2012 07:01 AM PDT

Japanese consumer goods firm Sony today said its Indian subsidiary is aiming for a 50 per cent growth at Rs 2,850 crore this festive season compared to the same period last year.


Recession warning as euro lending dries up

Posted: 25 Oct 2012 06:57 AM PDT

Lending to the private sector in the euro area, which has practically dried up in recent months, contracted again last month as austerity hit companies' and households' budgets, data showed on Thursday.


Rupee gains 16 paise against dollar

Posted: 25 Oct 2012 05:51 AM PDT

Paring early losses, the rupee today gained 16 paise to close at 53.56 against the US dollar on the back of a rise in local stocks amid fresh selling of the American currency by exporters.


Sensex up 49 points on good corporate earnings

Posted: 25 Oct 2012 05:48 AM PDT

In lacklustre equities market, the BSE Sensex rose 49 points to 18,758.63 today supported by good quarterly corporate earnings and a firm global trend, amid funds settling this month's derivatives contracts.


Rupee down 10 paise against US dollar

Posted: 24 Oct 2012 11:43 PM PDT

The rupee resumed lower at 53.80 a dollar as against Tuesday's closing level of 53.72 at the Interbank Foreign Exchange (Forex) Market. It moved down further to 53.84, before quoting at 53.82 at 11.00am.


Rupee gains 4 paise against dollar

Posted: 24 Oct 2012 09:31 PM PDT

The rupee rose marginally by 4 paise to 53.68 against the dollar in early trade on Thursday.


Chidambaram looks to rein in fiscal deficit at 5.3%

Posted: 24 Oct 2012 09:27 PM PDT

Finance ministry officials are working overtime to ensure that the widely anticipated fiscal slippage this year is minimal and not much beyond the budgeted 5.1 per cent.

Chidambaram looks to rein in fiscal deficit at 5.3%

Posted: 24 Oct 2012 09:27 PM PDT

Finance ministry officials are working overtime to ensure that the widely anticipated fiscal slippage this year is minimal and not much beyond the budgeted 5.1 per cent.


Sensex rises 31 points in early trade

Posted: 24 Oct 2012 09:12 PM PDT

The BSE benchmark sensex gained over 31 points in early trade on Thursday on the back of covering-up of short positions by participants following monthly expiry in the derivatives segment.


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