Thursday, April 21, 2011

Toyota to recall over 300,000 SUVs in US

Toyota to recall over 300,000 SUVs in US


Toyota to recall over 300,000 SUVs in US

Posted: 21 Apr 2011 08:05 PM PDT

The Toyota Motor Corp has announced that it will recall about 308,000 SUVs in the US to fix problems related to unwanted airbag deployment.


PowerGrid eyes Kenya network deal

Posted: 21 Apr 2011 06:55 PM PDT

PowerGrid has signed an agreement for developing a transmission network in Kenya as it eyes African country for 2nd overseas venture and consultancy contracts.


HCL Tech net rises 33% in Q3

Posted: 21 Apr 2011 06:43 PM PDT

HCL Technologies' third quarter results have beaten street expectations. Winning large multiple transformational deals in emerging markets like continental Europe and South Africa through its Axon acquisition has paid off rich dividend for the company.


2G-tainted stocks hammered after court decision

Posted: 21 Apr 2011 06:29 PM PDT

The special CBI court's decision to deny bail to the top five executives in the 2G case from three companies hit their stocks hard on Wednesday.


SBI withdraws teaser home loans

Posted: 21 Apr 2011 06:15 PM PDT

A day after it raised lending rates, State Bank of India has withdrawn its teaser rate home loans and restructured mortgage rates to ensure that they remain the cheapest.


US fund investors rack up TMB stake

Posted: 21 Apr 2011 06:02 PM PDT

Corsair Capital, a US-based private equity group, has emerged as the missing link connecting the foreign shareholders, who according to Reserve Bank of India, acted in concert to acquire over 16% stake in Tamilnad Mercantile Bank.


Biz aviation mkt takes off as pvt jet sales soar

Posted: 21 Apr 2011 01:35 PM PDT

Owning a private jet is no longer the prerogative of only the swish set. Home-bred entrepreneurs from tier-II cities are now hopping aboard to save travel time and focus more on businesses.


Cos eye value vaulters to push premium items

Posted: 21 Apr 2011 01:34 PM PDT

A new phenomenon of 'value vaulters' has emerged with consumer product companies intensifying their promotions on premium products.


Court okays Essar Tele's reverse merger with arm

Posted: 21 Apr 2011 01:08 PM PDT

Essar Telecommunications' reverse merger with India Securities, a listed company controlled by the Ruias, has been cleared by the Madras High Court.

Central Registry to check home loan frauds

Posted: 21 Apr 2011 12:39 PM PDT

Fraudsters will soon find it difficult to dupe banks by mortgaging the same property with two lenders or selling mortgaged property.

IDBI mulls Care IPO to net up to 750cr

Posted: 21 Apr 2011 12:38 PM PDT

IDBI is looking at a Rs 500-750 crore initial public offering of rating agency Care to unlock value. IDBI, which holds close to 26%, is the main promoter of Care along with Canara Bank.

RIL Q4 Net rises 14% to Rs 5,376cr

Posted: 21 Apr 2011 06:09 AM PDT

Reliance Industries on Thursday reported 14 per cent rise in its standalone net profit to Rs 5,376 crore in the quarter ended March 31, 2011.


BP sues Halliburton over oil spill, alleges fraud

Posted: 21 Apr 2011 05:51 AM PDT

BP Plc has filed a lawsuit against Halliburton, the company that cemented the blown-out well which caused the Gulf of Mexico oil spill, a day after claiming $40 billion from rig owner Transocean.


Sensex closes 102 points up

Posted: 21 Apr 2011 03:22 AM PDT

A benchmark index for Indian equities markets on Thursday closed 102 points up even as broader markets gave up their gains to end flat.


TCS Q4 net up 31.1% at Rs 2,623cr

Posted: 21 Apr 2011 02:29 AM PDT

Tata Consultancy Services (TCS) on Thursday said its net profit for the fourth quarter ended March 31, 2011 rose by 31.1 per cent to Rs 2,623 crore.


Sensex slips from intra-day high, metal stocks gain

Posted: 21 Apr 2011 01:20 AM PDT

A benchmark index for Indian equities markets on Thursday slipped from its intra-day high even as metals stocks rose.


Sensex slips from intra-day high, metal stocks gain

Posted: 21 Apr 2011 01:20 AM PDT

A benchmark index for Indian equities markets on Thursday slipped from its intra-day high even as metals stocks rose.


Silver futures hit yet another high of Rs 70,462/kg

Posted: 21 Apr 2011 12:46 AM PDT

Silver prices surged by Rs 1,450 to hit a new high of Rs 70,462 per kg in futures trade today as speculators enlarged their positions on the back of a surging global trend.


Food inflation up at 8.74%

Posted: 21 Apr 2011 12:28 AM PDT

India's food inflation nudged up after three successive weeks of decline to 8.74 per cent for the week ended April 9 compared to 8.28 per cent recorded in the previous week.


Gold futures hit record high of Rs 22,844/10gms

Posted: 21 Apr 2011 12:27 AM PDT

Gold prices rose by Rs 68 to a record high of Rs 22,844 per 10 grams in futures trade today on brisk buying by traders in tandem with a firming global trend.


SC cancels bails of PwC partner Gopalakrishnan, Satyam's Prabhakar Gupta

Posted: 21 Apr 2011 12:08 AM PDT

SC said it was cancelling bail after looking into allegations in the chargesheet filed by CBI. They have to surrender by April 30.


Tatas to finalise overseas production site for Nano

Posted: 20 Apr 2011 11:43 PM PDT

A senior Tata group official said that the automobile major was exploring various options at different places and looking at uninterrupted supply chain for the components.


Sensex up in morning trade

Posted: 20 Apr 2011 09:35 PM PDT

A benchmark index for Indian equities markets on Thursday rose in morning trade after a robust show in the previous session.


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