Tuesday, March 22, 2011

Soaring cotton to hit margins of spinners

Soaring cotton to hit margins of spinners


Soaring cotton to hit margins of spinners

Posted: 22 Mar 2011 06:38 PM PDT

Soaring cotton prices would reducetheoperating profit margins of spinning mills by 2.5% in 2011-12, according to Crisil Research.


Soaring cotton to hit margins of spinners

Posted: 22 Mar 2011 06:38 PM PDT

Soaring cotton prices would reducetheoperating profit margins of spinning mills by 2.5% in 2011-12, according to Crisil Research.


Buoyant IT sector steps up hiring

Posted: 22 Mar 2011 06:36 PM PDT

The hiring numbers of the big IT majors leave nothing to doubt about how far the companies have left behind the recession.


'Rajaratnam made $4m in a day'

Posted: 22 Mar 2011 03:19 PM PDT

Raj Rajaratnam made $4 million on Hilton stock in a single day after getting tips - in which two Indian-Americans were involved - when the hotel chain was bought by Blackstone in July 2007, a federal jury was told.


A pilgrimage to see Oracle of Omaha

Posted: 22 Mar 2011 03:08 PM PDT

Come Thursday, some of the known faces on Dalal Street will land in Delhi.

A pilgrimage to see Oracle of Omaha

Posted: 22 Mar 2011 03:08 PM PDT

Come Thursday, some of the known faces on Dalal Street will land in Delhi.


'Insurance FDI limit should be hiked'

Posted: 22 Mar 2011 03:06 PM PDT

Berkshire Hathway's India exposure is limited to Bangalore-based TaeguTec, a cutting tools company.

'Insurance FDI limit should be hiked'

Posted: 22 Mar 2011 03:06 PM PDT

Berkshire Hathway's India exposure is limited to Bangalore-based TaeguTec, a cutting tools company.


Customs duty on raw silk cut to 5%

Posted: 22 Mar 2011 02:55 PM PDT

FM Pranab Mukherjee reduced basic customs duty on raw silk from 30% to 5% boost domestic availability for weavers, both in handloom and powerloom segment.


Prices of luxury cars set to zoom

Posted: 22 Mar 2011 02:47 PM PDT

Luxury cars from companies like BMW, Audi and Mercedes are set to become costlier with the government hiking customs duty on assembled cars to 30% from 10% before Budget.

Prices of luxury cars set to zoom

Posted: 22 Mar 2011 02:47 PM PDT

Luxury cars from companies like BMW, Audi and Mercedes are set to become costlier with the government hiking customs duty on assembled cars to 30% from 10% before Budget.


Satyam faces 617cr tax, a/cs attached

Posted: 22 Mar 2011 02:44 PM PDT

In a twist to the Satyam saga, the income tax department has served Mahindra Satyam a tax demand of Rs 616.54 crore. The company's bank accounts have also been attached for the purposes of recovery of this amount.

Satyam faces 617cr tax, a/cs attached

Posted: 22 Mar 2011 02:44 PM PDT

In a twist to the Satyam saga, the income tax department has served Mahindra Satyam a tax demand of Rs 616.54 crore. The company's bank accounts have also been attached for the purposes of recovery of this amount.

Nippon Life agrees to 5-yr lock-in

Posted: 22 Mar 2011 01:53 PM PDT

Japanese insurer Nippon Life has agreed to lock-in investment for 26% stake in Reliance Life Insurance for a period of five years.

I-T asks MSAT to cough up Rs 616 cr

Posted: 22 Mar 2011 12:55 PM PDT

In a curious twist to Satyam saga, the income tax department has served Mahindra Satyam (MSAT) a tax demand of Rs 616.54 crore. It has also attached the company's bank accounts towards recovery of this amount.

I-T asks MSAT to cough up Rs 616 cr

Posted: 22 Mar 2011 12:55 PM PDT

In a curious twist to Satyam saga, the income tax department has served Mahindra Satyam (MSAT) a tax demand of Rs 616.54 crore. It has also attached the company's bank accounts towards recovery of this amount.


FM scraps 'misery tax' on health

Posted: 22 Mar 2011 12:24 PM PDT

The health 'misery' tax has been withdrawn. Finance minister Pranab Mukherjee on Tuesday decided to drop his budgetary proposal to levy service tax on diagnostic tests and treatment in air-conditioned hospitals.


US stocks open lower after big rally

Posted: 22 Mar 2011 08:36 AM PDT

US stocks opened slightly down Tuesday after rallying for three days, in the wake of mixed European trading and news of tentative progress in regaining control of Japan's Fukushima nuclear plant.


Rupee rises to nearly 3-wk high against dollar

Posted: 22 Mar 2011 06:18 AM PDT

The rupee today gained 5 paise to close at nearly three-week high of 44.96/9650 against the US currency on continued dollar selling by banks and exporters amid smart rebound in equities.


Rupee rises to nearly 3-week high against dollar

Posted: 22 Mar 2011 06:18 AM PDT

The rupee today gained 5 paise to close at nearly three-week high of 44.96/9650 against the US currency on continued dollar selling by banks and exporters amid smart rebound in equities.


Sensex up 149pts on firm global cues

Posted: 22 Mar 2011 04:39 AM PDT

Snapping a 3-day falling streak, the BSE Sensex today gained about 149 points to close over 17,988 on buying in fundamentally strong stocks at lower levels amid firm global cues, despite rising oil prices.


Tata Power to build India's first floating solar plant

Posted: 22 Mar 2011 04:28 AM PDT

Tata Power today said it will be building the country's first low-cost, high-efficiency floating solar plant in partnership with an Australian company which invented the technology.


I-T dept issues Rs 616.53cr tax notice to Mahindra Satyam, freezes bank accounts

Posted: 22 Mar 2011 02:58 AM PDT

The Income Tax department insisted that the income declared by the company during former chief Ramalinga Raju's time was real income.


I-T dept issues Rs616.53cr tax notice to Mahindra Satyam

Posted: 22 Mar 2011 12:07 AM PDT

The I-T dept has issued a notice to Mahindra Satyam, the new brand identity of Satyam Computers, to pay Rs616.53cr in taxes, the company said.


Rupee gains 3 paise against US dollar in early trade

Posted: 21 Mar 2011 09:32 PM PDT

The Indian rupee strengthened by 3 paise to Rs 44.98 per dollar at the Interbank Foreign Exchange on Tuesday, supported by a higher opening in the stock market and dollar weakness against other currencies.


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