Wednesday, May 4, 2011

Striking it rich: Brand Godrej valued at $3 billion

Striking it rich: Brand Godrej valued at $3 billion

Striking it rich: Brand Godrej valued at $3 billion

Posted: 04 May 2011 06:35 PM PDT

A brand valuation exercise undertaken by the 114-year-old Godrej Group for the first time has pegged the value of the masterbrand 'Godrej' at $3 billion (around Rs 13,000 crore).

Sensex continues losing streak on rate hike

Posted: 04 May 2011 06:35 PM PDT

Spooked by RBI's decision to hike rates aggressively to tame inflation even at the cost of moderating growth, investors, led by foreign funds, continued to sell on Wednesday to pull the sensex down by a further 65 points to 18,469.

Banks hike lending rates by 0.5%

Posted: 04 May 2011 06:11 PM PDT

A day after the Reserve Bank of India raised its policy rates, banks on Wednesday were quick to take the cue and responded by increasing their lending rates.

1,000 cr-plus for Munjals in dividend

Posted: 04 May 2011 12:30 PM PDT

Hero Honda on Wednesday announced a 1750% dividend. Promoters Munjals, who made Rs 700 crore from the last dividend through their 50%- plus holding, will now gain an extra Rs 350 crore, taking the overall gain to Rs 1,050 crore.

1,000 cr-plus for Munjals in dividend

Posted: 04 May 2011 12:30 PM PDT

Hero Honda on Wednesday announced a 1750% dividend. Promoters Munjals, who made Rs 700 crore from the last dividend through their 50%- plus holding, will now gain an extra Rs 350 crore, taking the overall gain to Rs 1,050 crore.

Stocks face downgrade on weakening outlook

Posted: 04 May 2011 12:27 PM PDT

The Reserve Bank of India's (RBI) decision on Tuesday to hike interest rate on savings bank account , among a host of other crucial decisions, is expected to dent the net interest margin of banks by 5-15 basis points (100 basis points=1%).

Loans to get costlier from tomorrow; 5 banks to hike rates

Posted: 04 May 2011 08:56 AM PDT

Five leading banks, including PNB, OBC and Yes Bank, will hike interest rate by half a percentage point with effect from Thursday, making all loans costlier.

Sensex ends 65 pts down amid volatility

Posted: 04 May 2011 04:37 AM PDT

In volatile trading, the BSE Sensex fell for the eighth session in a row on Wednesday to close at 18,469, down 65 points.

Jet-Sahara deal: Disclose tax liabilities, HC to Sahara

Posted: 04 May 2011 12:48 AM PDT

Jet Airways emerged victorious on Wednesday as the Bombay High Court held that in the Jet-Sahara deal, Sahara was required to disclose its tax liabilities.

Three billion Asians could become affluent by 2050: Report

Posted: 04 May 2011 12:33 AM PDT

An additional 3 billion Asians could enjoy higher living standards, but only if Asia sustains its present growth momentum and addresses the challenges and risks facing the region, the Asian Development Bank (ADB) said in a new report on Wednesday.

Govt mulling Rs 3/litre diesel rate hike

Posted: 04 May 2011 12:32 AM PDT

The government plans to hike diesel prices by up to Rs 3 a litre soon after the assembly elections in five states are over next week.

Sensex in red, auto stocks fall

Posted: 03 May 2011 09:29 PM PDT

A benchmark index for Indian equities markets dived into the red in morning trade Wednesday with auto stocks continuing to lose a day after the Reserve Bank of India hiked interest rates.
Posted by Harshad at 9:04 PM

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