Thursday, September 23, 2010

Tier II, III cities power nation's growth

Tier II, III cities power nation's growth

Tier II, III cities power nation's growth

Posted: 23 Sep 2010 01:22 PM PDT

According to latest Income Tax data, economic powerhouses Mumbai, Delhi, Hyderabad, Chennai and Kolkata have lost out to Patna, Lucknow, Meerut, Chandigarh, Kanpur and Kochi in net personal I-T mop up.

US is still in recession, says Warren Buffett

Posted: 23 Sep 2010 06:08 PM PDT

Billionaire investor Warren Buffett said US economy remains in recession , disputing this week's assessment by a leading arbiter of economic activity that downturn ended more than a year ago.

AI wants to re-negotiate wages

Posted: 23 Sep 2010 06:06 PM PDT

The cashstrapped Air India-Indian Airlines wants to renegotiate wages with its 35,000-odd employees and is looking for a clearance from the highest level of government through a more carefully worded cabinet note.

Wipro on Dow Jones index

Posted: 23 Sep 2010 06:13 PM PDT

IT firm Wipro on Thursday said that Dow Jones Sustainability Index (DJSI) has chosen the Indian outsourcing major as its member.

Rupee down by 7 paise against dollar

Posted: 23 Sep 2010 06:28 AM PDT

Snapping a six-session winning rally, the rupee today depreciated by seven paise to close at 45.65/66 against the US currency on dollar demand from importers amid weak equity markets.

India switches over to cleaner petrol, diesel

Posted: 23 Sep 2010 05:20 AM PDT

The country has fully switched over to cleaner Euro-III and Euro-IV petrol and diesel as of yesterday and well ahead of the October one deadline, Minister of State for Petroleum Jitin Prasada said today.

Food inflation climbs to 15.46%

Posted: 23 Sep 2010 12:23 AM PDT

Food inflation advanced to 15.46% in the week ended September 11, as cost of cereals, select vegetables and milk rose due to supply disruptions caused by unusually heavy rains in many parts of the country.

Service tax on air travel illegal: IATA

Posted: 23 Sep 2010 05:16 AM PDT

Global aviation body IATA today termed the service tax on air travel in India as "illegal" and said the "disconnect" between various ministries on aviation issues was "embarrassing" India in global fora.

Sensex down again, closes 81pts lower

Posted: 23 Sep 2010 04:10 AM PDT

Falling for the second day in a row the Bombay Stock Exchange benchmark Sensex closed down by 81 points as investors continued to book profits.

Pranab optimistic of economy growing over 8.75%

Posted: 22 Sep 2010 11:23 PM PDT

Finance minister Pranab Mukherjee on Thursday exuded confidence that the Indian economy will post better growth than 8.75% this fiscal, as projected by the economic survey.

Rupee down 6 paise against dollar in early trade

Posted: 22 Sep 2010 09:27 PM PDT

Snapping a six-day gaining streak, the rupee declined 6 paise to 45.64 against the US dollar at the Interbank Foreign Exchange on Thursday on increased dollar demand.

Gold futures at record high levels on global cues

Posted: 22 Sep 2010 10:58 PM PDT

Gold prices surged to yet another high of Rs 19,443 per ten gram in futures market today after it hit a new high of $1,297.40 an ounce in global markets on safe-haven buying.

Hyundai rolls out new i10

Posted: 23 Sep 2010 06:15 PM PDT

To strengthen its presence in the compact car segment, Hyundai Motor India on Thursday introduced its new hatchback, i10 at an introductory price of Rs 3.49 lakh-Rs 5.91 lakh (ex-showroom , Delhi).

Electrolux CEO quits

Posted: 23 Sep 2010 06:16 PM PDT

Swedish appliance maker Electrolux said on Thursday that its president and chief executive Hans Straberg has resigned and will be replaced by vicepresident Keith McLoughlin.
Posted by Harshad at 9:34 PM

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