Wednesday, November 28, 2012

India to grow 6.5% in 2013: Goldman Sachs

India to grow 6.5% in 2013: Goldman Sachs


India to grow 6.5% in 2013: Goldman Sachs

Posted: 28 Nov 2012 09:03 PM PST

India's economic growth is likely to accelerate to 6.5 percent in 2013 backed by favourable external sector demand outlook and a pick-up in domestic reforms, Goldman Sachs said in a report on Thursday.


Rupee up by 9 paise against dollar

Posted: 28 Nov 2012 08:39 PM PST

The rupee today rose by nine paise to 55.36 against the US dollar in early trade at the Interbank Foreign Exchange on selling of American currency by exporters and banks.


Sensex up over 105 in early trade

Posted: 28 Nov 2012 08:23 PM PST

Extending gains for the third straight session, the BSE benchmark index Sensex today rose by over 105 points in early trade on continued capital inflows by foreign funds on hopes of an end to the ongoing Parliament logjam over FDI in retail amid firm Asian cues.


Mumbai's Pali Hill building on sale for Rs 800cr

Posted: 28 Nov 2012 05:15 PM PST

The controversial Sandhu Palace on Pali Hill, Bandra, touted as the most expensive residential building in the suburbs, is up for sale.


Govt working on norms to protect trade secrets

Posted: 28 Nov 2012 05:09 PM PST

Your favourite restaurant may soon get legal protection for its centuries old recipe with the government starting discussion on possible norms for trade secrets.


Four Indian brokerages settle SEC charges

Posted: 28 Nov 2012 05:07 PM PST

The Securities and Exchange Commission (SEC) is further probing the role of other firms, which may include some from India, for potential violation of similar nature.


Release all spectrum, demands FM radio industry

Posted: 28 Nov 2012 04:56 PM PST

Reducing channel separation means two adjoining channels can be spaced just 400 Khz apart.


Net worth info must under KYC norms

Posted: 28 Nov 2012 04:48 PM PST

Investors who are buying mutual fund units for the first time in a scheme but have completed 'Know Your Customer' (KYC) procedure before 2012 have to update missing details by December 1.


Korean retail major, PE firm in fray for Spykar

Posted: 28 Nov 2012 04:31 PM PST

Avigo Capital, which holds about 60% stake in Spykar, has been on a lookout for buyers as it plans to exit the company having been invested in it for five years.

US bans BP from new contracts after oil spill deal

Posted: 28 Nov 2012 08:21 AM PST

The US government temporarily banned BP Plc from federal contracts on Wednesday over its "lack of business integrity" in the Deepwater Horizon oil spill in 2010, a move that the British company had said could force it to rethink its entire US operations.


Slowdown hits the PC market, declines by 5.9%

Posted: 28 Nov 2012 03:50 AM PST

The overall personal computer market in India declined in the third quarter of this year as consumer sentiments were hit by a slowing economy.


Astra Zeneca loses patent plea on cancer drug

Posted: 28 Nov 2012 03:43 AM PST

In another blow to MNCs fighting for controversial intellectual property rights, Astra Zeneca has lost its patent plea before the Intellectual Property Appellate Board on a cancer drug.

India rejects AstraZeneca patent appeal

Posted: 28 Nov 2012 03:43 AM PST

An Indian panel has rejected an appeal by Britain's AstraZeneca against a decision to deny patent protection to a cancer-fighting drug in a new setback for global drug firms in the Indian market.


Ratan Tata urges closer business ties with Australia

Posted: 28 Nov 2012 02:19 AM PST

Ratan Tata has urged stronger trade ties with Australia, particularly in technology, saying there are major growth opportunities for both countries.


HSBC accounts: I-T to begin prosecution

Posted: 28 Nov 2012 01:39 AM PST

The Income Tax department has decided to begin prosecution action against those having "substantial" amounts in their bank accounts in HSBC's Geneva branch.

Guru Nanak Jayanti today; all markets closed

Posted: 27 Nov 2012 11:41 PM PST

All the wholesale commodity markets, including bullion and metal, are closed on Wednesday on account of 'Guru Nanak Jayanti'.


Maldives defends scrapping GMR deal

Posted: 27 Nov 2012 11:00 PM PST

The Maldives defended Wednesday its controversial decision to terminate an airport management contract with an Indian firm, saying the deal was dogged by "legal, technical and economic issues".


ED to probe Flipkart, Walmart for FDI norms violation

Posted: 27 Nov 2012 06:46 PM PST

The Enforcement Directorate will look into the alleged violation of foreign direct investment regulations by e-commerce company Flipkart Online Services and cash & carry retail chain Bharti Walmart.

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