Wednesday, April 6, 2011

World's super-rich see Mumbai as future hub

World's super-rich see Mumbai as future hub

World's super-rich see Mumbai as future hub

Posted: 06 Apr 2011 08:21 PM PDT

The globally wealthy see New York and London remaining the world's leading hubs over the next decade but emerging centres like Mumbai, Shanghai and Sao Paulo are fast catching up as future cities.

'Recall won't hit Maruti'

Posted: 06 Apr 2011 05:18 PM PDT

Maruti Suzuki, which has decided to recall over 13,157 cars over a faulty connecting rod bolt, said if the part is found defective, the company will replace the component free of cost.

Cairn-Vedanta deal suffers new blow

Posted: 06 Apr 2011 04:00 PM PDT

Social crusader Anna Hazare's campaign against corruption in public life on Wednesday cast a shadow on Anil Agarwal's foray into oil and exploration with the Cabinet's panel on economic affairs refusing to give its nod to Vedanta Resources' acquisition of Cairn India for fear of being charged with ignoring state-run explorer ONGC's interest.

Portugal PM says his country will ask for bailout

Posted: 06 Apr 2011 03:13 PM PDT

Portugal became the third debt-stressed European country to need a bailout as the prime minister announced Wednesday his country will request international assistance to ease its rapidly worsening financial crisis.

Maruti to recall 13,157 diesel cars

Posted: 06 Apr 2011 02:56 PM PDT

Maruti Suzuki on Wednesday said it would recall 13,157 diesel cars to inspect a faulty part on Swift and Ritz hatchbacks and the Dzire sedan.

After World Cup win, brands pad up to score high in IPL

Posted: 06 Apr 2011 01:29 PM PDT

It may not be the American Super Bowl, famous for being a huge platform for marketers to break their high-octane advertising campaigns, but our very own Indian Premier League (IPL) has got a bevy of brands creating tailor-made communication for the upcoming cricketing extravaganza.

Sensex falls on profit booking

Posted: 06 Apr 2011 01:27 PM PDT

The sensex fell for the second consecutive session on Wednesday as investors booked profit on the back of rising crude oil prices.

GDP growth may slow down: Crisil

Posted: 06 Apr 2011 01:27 PM PDT

Modified credit ratio (MCR), which measures the frequency of corporate rating upgrades to downgrades, is showing signs of peaking.

Double-digit pay hikes for techies

Posted: 06 Apr 2011 01:26 PM PDT

The salary increment season has just started. And techies have something to look forward to.

Cos' earnings growth pegged at 25%

Posted: 06 Apr 2011 01:25 PM PDT

Though rising costs had put pressure on operating profit margins of companies in the later half of the year, India Inc is estimated to have closed fiscal 2011 with a stable earnings growth.

Indian super rich to splurge on jets and yachts

Posted: 06 Apr 2011 05:38 AM PDT

Indians are the most likely members of the global super rich to spend more on private jets and yachts over the next five years while Africans and Russians are expected to increase their charitable giving, a survey showed.

Genpact to buy Headstrong Corp for $550 million

Posted: 06 Apr 2011 05:16 AM PDT

Outsourcer Genpact Ltd agreed to buy Headstrong Corp, a provider of consulting and IT services, for $550 million in cash to strengthen its capital markets business.

Kingfisher allots 5.7% stake to SBI

Posted: 06 Apr 2011 04:46 AM PDT

Vijay Mallya-led Kingfisher Airlines on Thursday said it has allotted 5.68 per cent shares, valued at around Rs 180 crore, to the State Bank of India on a preferential basis under the debt recast plan.

Sensex closes 75 points down in volatile trade

Posted: 06 Apr 2011 04:37 AM PDT

In volatile trading, the BSE Sensex on Thursday fell 75 points to 19,612 on profit selling, as rising oil prices fuelled investor concerns that inflation and hike in interest rates could hit corporate earnings.

Maruti Suzuki recalls 13,157 diesel cars across three models

Posted: 06 Apr 2011 04:10 AM PDT

Maruti Suzuki, the country's biggest car maker on Wednesday announced that it will inspect the "Connecting Rod Bolt" for 13,157 units of Swift Dzire (4505 cars), Swift (6841 cars) and Ritz (1811 cars) diesel cars with engines manufactured between 13th November 2010 and 4th December 2010.

NTPC posts 24.17% growth in Q4

Posted: 06 Apr 2011 01:46 AM PDT

State-owned NTPC on Wednesday reported a 24.17 per cent growth in profit-after-tax to Rs 2,505.42 crore for the January-March period of 2011.

Rupee hits 5-month high on inflows

Posted: 06 Apr 2011 12:27 AM PDT

The Indian rupee climbed to a 5-month high on Wednesday boosted by rising dollar inflows into equities.

Sensex up 107 points in opening trade

Posted: 05 Apr 2011 09:25 PM PDT

The BSE benchmark Sensex recovered by nearly 107 points in opening trade on Wednesday on the back of fresh buying by funds and retail investors.

AMCO’s Jayshree Venkatraman passes away

Posted: 05 Apr 2011 02:09 PM PDT

Jayshree Venkatraman, chairman of AMCO Batteries, died from pneumonia on Tuesday. She was 49. She is survived by husband Murali Venkatraman of WS Industries, and son Sriram Venkatraman (12). Jayshree was the youngest daughter of the late A Sivasailam, the chairman and managing director of Amalgamations Group.
Posted by Harshad at 9:22 PM

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