Thursday, April 7, 2011

SBI gets new A-team led by Chaudhuri

SBI gets new A-team led by Chaudhuri

SBI gets new A-team led by Chaudhuri

Posted: 07 Apr 2011 04:05 PM PDT

State Bank of India on Thursday got a new top management with Pratip Chaudhuri, a 36-year veteran of the bank, appointed the new chairman of the country's largest lender, along with three new managing directors-Hemant Contractor, Diwakar Gupta and A Krishna Kumar.

Cairn-Vedanta deal gets extra time

Posted: 07 Apr 2011 03:55 PM PDT

Scottish explorer Cairn Energy Plc on Thursday extended by a month the deadline for completing the proposed sale of control in its Indian arm, Cairn India, to London-listed Vedanta Resources of NRI mining-to-metals tycoon Anil Agarwal.

Coffee king on Amazon trail for furniture biz

Posted: 07 Apr 2011 03:47 PM PDT

V G Siddhartha, best known for his Cafe Coffee Day (CCD) chain, has taken 1.85 million hectares of Amazonian forestland on a 30-year lease from the Republic of Guyana in South America to start a furniture business in India.

Essar, Voda on collision course?

Posted: 07 Apr 2011 03:43 PM PDT

On March 31, when British telecom giant Vodafone announced it was acquiring Essar's 33% stake in Vodafone Essar (VEL) for $5 billion, there was a strange silence from Essar.

Cisco rejig will impact India

Posted: 07 Apr 2011 03:38 PM PDT

What John Chambers intends precisely to do to revitalize Cisco Systems was not clear from the mail he sent to employees earlier this week, but whatever the CEO's eventual moves will be, they are sure to impact the company's big Indian operations.

Mallya revamps USL top deck

Posted: 07 Apr 2011 12:24 PM PDT

Vijay Mallya is all set to rejig the top deck of United Spirits, the world's largest spirits company by volume, with the elevation of Ashok Capoor to the post of the new managing director.

IPL to yield Rs 350 crore in taxes to government

Posted: 07 Apr 2011 07:54 AM PDT

The fourth edition of the high voltage Indian Premier League Twenty20 cricket tournament starts tomorrow and the final will be played on May 28.

Sensex extends losses for 3rd day, slips by 21 pts

Posted: 07 Apr 2011 04:10 AM PDT

The Bombay Stock Exchange benchmark Sensex fell for the third day on Thursday losing over 21 points on selling by funds particularly in IT and oil and gas stocks even as food inflation declined.

Food inflation falls to 9.18 per cent

Posted: 07 Apr 2011 03:30 AM PDT

Food inflation fell to a four-month low of 9.18 per cent for the week ended March 26, prompting experts to suggest that record foodgrain production will keep the numbers stable in the coming months.

Six Indian-Americans in Forbes Midas 100

Posted: 07 Apr 2011 12:48 AM PDT

Six Indian-Americans figure in The Midas 100, Forbes' list of venture capitalists who bucked the trends of shrinking firms and declining returns to "create wealth and fund the new ideas that keep US economy vibrant."

Maruti stock slips on products recall

Posted: 06 Apr 2011 11:39 PM PDT

Maruti Suzuki fell by over 2 per cent in early trade on the BSE on Thursday after the company said it will recall 13,157 units of three diesel-drive models -- Dzire, Swift and Ritz.

Sensex marginally lower, Maruti down

Posted: 06 Apr 2011 11:32 PM PDT

Maruti Suzuki shed as much as 2.2 percent after the top car maker said late on Wednesday it would recall some diesel engines.

Rupee down by 3 paise against dollar

Posted: 06 Apr 2011 09:58 PM PDT

The Indian rupee fell marginally by 3 paise to Rs 44.20 against the US dollar in early trade on the Interbank Foreign Exchange on Thursday.
Posted by Harshad at 9:15 PM

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