Wednesday, June 22, 2011

CaratLane bags $6-mn funding

CaratLane bags $6-mn funding


CaratLane bags $6-mn funding

Posted: 22 Jun 2011 06:39 PM PDT

Diamond jewellery portal CaratLane received an investment of $6 million from Tiger Global, a New York-based investment management firm.


2nd gold for India at Cannes Lions

Posted: 22 Jun 2011 06:34 PM PDT

While last night was great for India with the first Gold metal picked in the Media category, Wednesday had some more goodies in store.


'Don't worry about the foundation when you build a tall building'

Posted: 22 Jun 2011 06:05 PM PDT

Sunil Godhwani, the chairman and managing director of Religare Enterprises, the financial services company floated by the Singh family of Ranbaxy, does not seem too perturbed about the losses reported last year.


RIL's Andhra costs rose by $3 bn in 2 years: CAG draft

Posted: 22 Jun 2011 03:51 PM PDT

Reliance Industries Ltd's investment plan for bringing its showcase Andhra offshore gas fields to production increased by almost $3 billion.


RIL makes another gas find in KG basin

Posted: 22 Jun 2011 12:44 PM PDT

Mukesh Ambani's Reliance Industries (RIL) has made another natural gas discovery in the D-9 block of the hydrocarbon rich Krishna Godavari (KG) basin.


RIM launches PlayBook tablet in India

Posted: 22 Jun 2011 12:42 PM PDT

Research in Motion (RIM), known for its BlackBerry smartphones, on Wednesday, announced the launch the PlayBook in India.

Court defers decision on Tata petition

Posted: 22 Jun 2011 12:41 PM PDT

Stunned by the state government's lightning manouvre to repossess the plot in Singur, Tata Motors put up a spirited fight in the Calcutta High Court on Wednesday but failed to get the Singur Land Rehabilitation and Development Act, 2011, declared unconstitutional.


Sebi plans to regulate MF distributors

Posted: 22 Jun 2011 12:41 PM PDT

Market regulator Sebi plans to start regulating mutual fund distributors to make the industry safer and bring down incidences of miss-selling.

Sensex slips 10 pts in see-saw trade

Posted: 22 Jun 2011 04:53 AM PDT

Moving in and out of the positive terrain on Wednesday, the BSE Sensex finally closed on a flat note - down 10 points at 17,551 - as investors remained cautious amid capital outflows and below normal monsoon forecast.


Sensex closes flat, broader markets end in red

Posted: 22 Jun 2011 03:32 AM PDT

A benchmark index for Indian equities markets on Wednesday closed flat, while broader markets fell on a largely lacklustre trading day.


MRF declares lockout at Kottayam plant

Posted: 22 Jun 2011 03:03 AM PDT

Leading tyre manufacturer MRF on Wednesday declared a lock out at their Kottayam plant following labour unrest.


Indian telecom equipment revenues drop 2.5% in 2010-11

Posted: 22 Jun 2011 02:56 AM PDT

Revenues of the Indian telecom equipment industry plunged 2.52% to touch Rs 1,17,039 crore in 2010-11 from Rs 1,20,069 crore in the previous fiscal, according to an annual survey by a telecom industry journal.


Gold falls to Rs 22,810 after 5-day rise

Posted: 22 Jun 2011 02:48 AM PDT

Snapping a five-day gaining streak, gold prices declined by Rs 35 to Rs 22,810 per 10 grams in the national capital on Wednesday on slackness in demand at prevailing high levels amid weak global trend.


Sensex range-bound, broader indices see selling

Posted: 22 Jun 2011 02:28 AM PDT

A benchmark index for Indian equities markets on Wednesday continued to trade range-bound even as broader markets saw more selling about an hour before the closing bell.


Rupee fails to maintain initial gains vs US dollar

Posted: 21 Jun 2011 10:59 PM PDT

Moving in line with the equity market, the Indian rupee failed to maintain initial gains against the US dollar at the Interbank Foreign Exchange this morning and was quoting just one paise higher at 1030 hours.


Rupee fails to maintain initial gains vs US dollar

Posted: 21 Jun 2011 10:59 PM PDT

Moving in line with the equity market, the Indian rupee failed to maintain initial gains against the US dollar at the Interbank Foreign Exchange this morning and was quoting just one paise higher at 1030 hours.


Sensex gains 118 points on Asian cues

Posted: 21 Jun 2011 09:28 PM PDT

The Bombay Stock Exchange benchmark Sensex rose by over 118 points in opening trade on Wednesday, extending Tuesday's gains on a fresh spell of buying by funds amid a firming trend on other Asian bourses.


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