Raju diverted $41 m from ADRs |
- Raju diverted $41 m from ADRs
- Kingfisher Airlines hints at job cuts
- US losing edge to India, China: Obama
- After 26 yrs, HM may drive in new car
- Silver marches to hit new high, gold eases
- India invites foreign investment in aviation sector
- Biyani revolutionises e-biz, eyes Rs 1K cr revenue
- Sensex closes 113 points up
- India imports $100m almond from California
- Over 22 companies apply for IPOs
- US losing edge to India, China: Obama
| Posted: 30 Sep 2010 05:39 PM PDT Even as the CBI probes funds diversion by disgraced Satyam founder B Ramalinga Raju, the restated accounts presented by Mahindra Satyam have indicated siphoning off nearly $41 million of the total $140.8 million raised by Satyam through the listing of its ADRs on the NYSE in May 2001.  |
| Kingfisher Airlines hints at job cuts Posted: 30 Sep 2010 05:43 PM PDT Kingfisher Airlines is in the process of pruning workforce and the number of expat pilots to offset mounting costs. However, the airline said it would hire more Indian pilots.  |
| US losing edge to India, China: Obama Posted: 30 Sep 2010 05:58 PM PDT With countries like India and China investing heavily in their education systems and in infrastructure, US President Barack Obama has warned that America is losing its competitive advantage and jobs to emerging nations.  |
| After 26 yrs, HM may drive in new car Posted: 30 Sep 2010 05:46 PM PDT Hindustan Motors (HM), one of the oldest passenger car manufacturers in Asia, plans to introduce its third passenger car brand after almost 26 years.  |
| Silver marches to hit new high, gold eases Posted: 30 Sep 2010 06:27 AM PDT Silver prices continued to race ahead to yet another new record peak at the bullion mark here today on speculative driven demand influenced by highly inflated international market.  |
| India invites foreign investment in aviation sector Posted: 30 Sep 2010 02:56 AM PDT India has invited Canadian and other global companies to participate in its booming aviation sector, which has investment opportunities worth USD 150 billion.  |
| Biyani revolutionises e-biz, eyes Rs 1K cr revenue Posted: 30 Sep 2010 04:34 AM PDT Diversified conglomerate Future Group's e-commerce venture, futurebazaar.com, has revamped its online business portfolio and expects an around Rs 1,000-crore revenue over the next 18-24-months, a top company official said today.  |
| Posted: 30 Sep 2010 04:31 AM PDT Fag-end buying helped the Bombay Stock Exchange benchmark index Sensex today rise by 113 points to regain the 20,000-level.  |
| India imports $100m almond from California Posted: 29 Sep 2010 05:21 PM PDT From a small beginning in 1970s, India now imports over $100 million worth of California almond making it the number-one US export to India.  |
| Over 22 companies apply for IPOs Posted: 30 Sep 2010 05:55 PM PDT More than 22 companies filed draft papers for initial share offers in September, the highest in any single month of 2010 so far, according to data from market regulator Securities and Exchange Board of India (Sebi).  |
| US losing edge to India, China: Obama Posted: 30 Sep 2010 05:58 PM PDT With countries like India and China investing heavily in their education systems and in infrastructure, US President Barack Obama has warned that America is losing its competitive advantage and jobs to emerging nations. |
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