Thursday, June 23, 2011

EU announces agreement with Greece on new budgetary cuts

EU announces agreement with Greece on new budgetary cuts

EU announces agreement with Greece on new budgetary cuts

Posted: 23 Jun 2011 07:26 PM PDT

The European Union announced agreement early on Friday between Greece, the EU and the IMF on the final details of 28 billion euros worth of savings that Athens needs to implement over the next five years.

UID will spur application and device development

Posted: 23 Jun 2011 06:46 PM PDT

Manish Malik of Hazel Media, a company based in Noida, has developed Indian language support for low cost phones that can be used for applications developed around the government's Unique Identification (UID) project.

India's super rich club 12th largest in world

Posted: 23 Jun 2011 06:19 PM PDT

Number of high net worth individuals (HNWI) is growing in India.HNWI population of the country grew by 20.8% to 1.53 lakh in 2010 compared to 1.26 lakh in 2009, according to the 15th annual World Wealth Report, released by Merrill Lynch Global Wealth Management and Capgemini.

Panel mulls Rs 2-3 /L hike in diesel

Posted: 23 Jun 2011 06:04 PM PDT

The ministerial panel on fuels will consider raising diesel and cooking gas prices on Friday in the backdrop of central and state kitties swelling with oil taxes and governmentrun oil marketing companies nearing the end of their financial line.

Sebi asks 2 Sahara cos to refund money collected via OFCDs

Posted: 23 Jun 2011 05:56 PM PDT

Market regulator Sebi on Thursday directed two Sahara group companies-Sahara India Real Estate Corp (SIRECL) and Sahara Housing Investment Corp (SHICL)-to refund the money raised from investors through optionally fully convertible debentures (OFCDs) with an annual interest of 15% from the date of receipt of money.

Food inflation climbs to 9.13%

Posted: 23 Jun 2011 05:54 PM PDT

Food inflation accelerated in the week ending June 11 on the back of costly fish, milk, chicken, egg and other items keeping up the pressure, fuelling expectations that the Reserve Bank of India (RBI) will maintain its tight monetary policy in the months ahead.

After price cut, Honda City to go for facelift

Posted: 23 Jun 2011 01:07 PM PDT

Honda City is going for a makeover to counter rising competition and falling sales, after a Rs 66,000 price cut a few days back.

NSE found 'guilty' of unfair practice

Posted: 23 Jun 2011 12:54 PM PDT

Competition Watchdog Seeks Rs 55Cr Penalty On Currency Futures Business

Bharti makes final payment of USD 700mn to Zain

Posted: 23 Jun 2011 08:15 AM PDT

Private telecom operator Bharti Airtel on Thursday paid the last tranche of USD 700 million dollar to Kuwait-based Zain for buying its Africa assets, completing the full and final cash payment of USD 9 billion.

Rupee depreciates by 6 paise against dollar

Posted: 23 Jun 2011 06:35 AM PDT

Ignoring smart rise in local equities, the rupee depreciated by six paise to close at 44.95/96 against the US currency on the back of a firm dollar overseas and continued funds outflow.

General Motors shelves small car project in India

Posted: 23 Jun 2011 06:02 AM PDT

US car maker General Motors today said it has shelved plans to launch small car in India that was planned to take on Tata Motors' 'Nano', citing viability issues.

Indian IT industry talks with US on visas

Posted: 23 Jun 2011 04:49 AM PDT

The Indian IT industry is in dialogue with the US on the use of visas by companies providing software services to American and global enterprises, a top industry official said Thursday.

Sensex up 177 pts on value buying

Posted: 23 Jun 2011 04:22 AM PDT

Shrugging off a rise in food prices and weak global markets, the Bombay Stock Exchange index Sensex on Thursday spurted by 177 points on value buying in blue-chips like Reliance Industries and Infosys.

Gold rises to Rs 22,820 on retail buying

Posted: 23 Jun 2011 02:58 AM PDT

Gold prices edged up marginally by Rs 10 to Rs 22,820 per 10 gram on Thursday driven by scattered retail buying support for the marriage season amid a firm overseas trend.

Food inflation climbs to 9.13%

Posted: 23 Jun 2011 12:04 AM PDT

India's food inflation rose to 9.13% for the week ended June 11, compared to 8.96% recorded in the previous week, official data showed on Thursday.

Toyota Etios Liva to be launched in India on June 27

Posted: 22 Jun 2011 10:46 PM PDT

Toyota on Wednesday announced that the it would launch its Etios Liva on June 27 in Delhi.

Sensex up by 40 pts on fresh buying

Posted: 22 Jun 2011 10:35 PM PDT

Sensex recovered by 40 points in early trade on Thursday on the back of fresh buying in oil and gas, tech, FMCG, power and IT counters despite selling in the metal, auto, capital goods, consumer durable and healthcare sectors.

India, US to fast track investment treaty talks

Posted: 22 Jun 2011 10:07 PM PDT

India and US have agreed to fast track technical negotiations for an early conclusion of a bilateral investment agreement to take advantage of the vast untapped trade potential between the two countries.

Sensex down 41 pts on global cues

Posted: 22 Jun 2011 09:39 PM PDT

The BSE benchmark Sensex fell by over 41 points in opening trade on Thursday, extending Wednesday's losses on continued selling by foreign funds and retail investors amid weak cues from global markets.

Rupee down by 4 paise against US dollar

Posted: 22 Jun 2011 09:38 PM PDT

The rupee depreciated by 4 paise to Rs 44.93 against the US dollar in early trade on the Interbank Foreign Exchange on Thursday, tracking dollar gains against the euro and other currencies overseas and a lower start in the equity market.
Posted by Harshad at 9:13 PM

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