Monday, April 11, 2011

JCB eyes 15% growth

JCB eyes 15% growth


JCB eyes 15% growth

Posted: 11 Apr 2011 06:28 PM PDT

Equipment maker JCB said it is eyeing a 15% growth in the fiscal. "We sold 21,000 machines last year and we see a growth of 15% this fiscal," Vipin Sondhi, MD & CEO of JCB, said.


IPO of Future Ventures likely to open end of April

Posted: 11 Apr 2011 06:21 PM PDT

The initial public offering (IPO) for Future Ventures , the company of the Future Group that invests in companies which are strategically important to the group's retail business, is expected to open in the last week of the current month.


IMF lowers India's growth to 8.2%

Posted: 11 Apr 2011 01:37 PM PDT

The International Monetary Fund is no longer so bullish on India's economic growth. On Monday, it lowered the growth projection for 2011 to 8.2%, as against 10.4% for 2010 when India was projected to be the fastest growing major economy ahead of China's 10.3%.


Industrial growth slows to 3.6% in Feb

Posted: 11 Apr 2011 01:35 PM PDT

Industrial growth moderated to 3.6% in February, compared to 15.1% a year ago on account of a slowdown in manufacturing and mining sectors.


IndusInd to buy Deutsche card portfolio

Posted: 11 Apr 2011 12:23 PM PDT

Mumbai: IndusInd Bank has entered into an agreement with Deutsche Bank to buy its credit card business in India...

India is second-biggest lift market in world

Posted: 11 Apr 2011 12:22 PM PDT

Did you know that India is the second-biggest market for lifts globally, second only to China. Surprised? Don't be.

Kapil Sibal bats for spectrum audit, change in merger rules

Posted: 11 Apr 2011 07:10 AM PDT

Communications and IT minister Kapil Sibal on Monday unveiled the broad framework of a new telecom policy which would usher in reforms such as audit of spectrum usage.


BSE to remain close tomorrow for Ram Navami

Posted: 11 Apr 2011 05:38 AM PDT

The Bombay Stock Exchange, the National Stock Exchange, Forex and Money markets will remain closed on Tuesday, April 12, for observing Ram Navami.


Govt to issue biometric PAN cards

Posted: 11 Apr 2011 05:00 AM PDT

The government has decided to issue biometric PAN cards to taxpayers across the country to weed out the problem of duplicate and fake ones.


Sensex falls 189pts on slowdown in industrial output

Posted: 11 Apr 2011 04:32 AM PDT

The BSE Sensex fell 189 points to 19,262.54 on Monday, declining for the fifth day in a row as industrial growth showed a sharp dip amid weak global markets and high oil prices.

Tata Sons files defamation case against 'Outlook' magazine

Posted: 11 Apr 2011 04:27 AM PDT

Tata Sons Ltd has filed a criminal defamation complaint against news magazine 'Outlook' for publishing articles which had claimed that the group received "undue pecuniary advantage" from former disinvestment minister Arun Shourie.


Silver at record Rs 61,700, gold slips to Rs 21,540

Posted: 11 Apr 2011 04:01 AM PDT

Silver prices shot up to a new high of Rs 61,700 per kg in the national capital on Monday on increased buying by stockists in line with a firm global trend.


DoT has sent 8 termination notices to telcos: Secy

Posted: 11 Apr 2011 03:47 AM PDT

The government on Monday said it has issued eight termination notices to various telecom operators for delays in rolling out the services.


Tata Power bags over Rs 1,000 cr order from Indian Air Force

Posted: 11 Apr 2011 03:41 AM PDT

In one of the biggest private sector engagement in the defence sector, Tata Power has bagged an over Rs 1,000 crore-contract from the Indian Air Force for modernisation of its 30 airfields.


Sensex ends 208 points down

Posted: 11 Apr 2011 03:32 AM PDT

A benchmark index for Indian equities markets closed 208 points lower with realty, auto and consumer durables leading the losers list.


Maruti to hire 2,300 people in 2 yrs

Posted: 11 Apr 2011 02:51 AM PDT

The country's largest carmaker Maruti Suzuki India on Monday said it will hire at least 2,300 people, mainly for its upcoming two new plants in Manesar, within next two years.


February IIP growth at 3.6% versus 3.7% in Jan

Posted: 11 Apr 2011 12:05 AM PDT

The country's industrial output rose slower-than-expected 3.6 percent in the month of February from a year earlier.


Sensex down 140pts on market trend

Posted: 10 Apr 2011 10:15 PM PDT

The BSE benchmark Sensex opened 140 points down on continued selling by foreign funds and retail investors.


Retail pioneer Raghu PIllai dies of heart attack at 53

Posted: 10 Apr 2011 05:10 PM PDT

Raghu Pillai, a retail industry stalwart who pioneered the concept of modern retail in India in the '90s, died of heart attack early on Sunday morning.

Retail pioneer Raghu PIllai dies of heart attack at 53

Posted: 10 Apr 2011 05:10 PM PDT

Raghu Pillai, a retail industry stalwart who pioneered the concept of modern retail in India in the '90s, died of heart attack early on Sunday morning.

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