India-focused offshore funds see outflows |
- India-focused offshore funds see outflows
- BP-Reliance deal, India's biggest FDI okayed
- Dr Reddy's acquires JB Chemical's unit
- 'Cloud computing can solve education problem'
- Vodafone India revenue up 9% in Q1
- Godrej lets buyers design own furniture
- Rupee gains 15 paise against dollar
- Govt approves $7.2bn Reliance-BP deal
- Iran says no decision yet to stop oil to India
- Sensex closes 286 points higher
- Power sector to generate revenue of $ 294 billion
- Sensex closes 283 points higher
- Mobile bill woes: Bharti Airtel hikes call tariff by 20% in six circles
- Union Bank of India Q1 net down 22.7% at Rs 464.4cr
- Reliance Infra comes under RTI Act, rules SIC
- Microsoft Q4 net up 30 pc to $5.87bn
- Chennai-based firm in tie-up with Blackberry
- Sensex surges on news of 2nd bailout for Greece
- Rupee recovers by 15 paise vs dollar
- Rupee appreciates by 13 paise against dollar
- Sensex up 160 pts on firm Asian cues
- E-filed returns may cross 50% this year
| India-focused offshore funds see outflows Posted: 22 Jul 2011 04:51 PM PDT With the Indian markets underperforming peers in the Asian region, India-focused offshore funds continued to record net outflows (difference between sales and purchases). 
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| BP-Reliance deal, India's biggest FDI okayed Posted: 22 Jul 2011 01:47 PM PDT The government on Friday gave its consent to UK energy major BP Plc taking 30% interest in 21 out of 23 acreages, including India's gas bowl off the Andhra coast, being operated or explored by Mukesh Ambani's Reliance Industries Ltd for over $7 billion. 
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| Dr Reddy's acquires JB Chemical's unit Posted: 22 Jul 2011 12:34 PM PDT Dr Reddy's announced on Friday that it has entered into an agreement with JB Chemicals & Pharmaceuticals to acquire their pharmaceutical prescription portfolio in the Russia and other CIS regions, for $34.85 million (around Rs 155 crore). 
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| 'Cloud computing can solve education problem' Posted: 22 Jul 2011 12:31 PM PDT She may not like the description, but she is the first lady of Indian IT. 
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| Vodafone India revenue up 9% in Q1 Posted: 22 Jul 2011 12:31 PM PDT British telecom major, Vodafone Group, said on Friday that its Indian arm has posted a 9% growth in revenue at 1.03 billion pounds during the first quarter ended June 30, 2011. 
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| Godrej lets buyers design own furniture Posted: 22 Jul 2011 12:30 PM PDT Godrej Interio, the furniture store from Godrej & Boyce Manufacturing Co, has piloted an unusual experiment in Thane city. 
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| Rupee gains 15 paise against dollar Posted: 22 Jul 2011 05:42 AM PDT The rupee on Friday gained 15 paise against the US currency to close at the two-week high of 44.35/36 on fresh dollar selling by some banks and exporters amid a rally in equity markets. 
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| Govt approves $7.2bn Reliance-BP deal Posted: 22 Jul 2011 05:37 AM PDT After nearly five months wait, the government on Friday cleared UK's BP Plc buying 30 per cent stake in most of Reliance Industries' oil and gas blocks, including the showpiece KG-D6 gas fields, for USD 7.2 billion. 
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| Iran says no decision yet to stop oil to India Posted: 22 Jul 2011 05:13 AM PDT Iran has no plans yet to cut oil exports to India over a payment dispute, the semi-official Mehr news agency on Friday quoted an oil official as saying. 
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| Sensex closes 286 points higher Posted: 22 Jul 2011 04:37 AM PDT The BSE benchmark Sensex on Friday shot up by 286 points to a near two-week high at 18,722.30, on surge in banking, tech and auto sector stocks as investors cheered the new deal to resolve Greece's debt crisis. 
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| Power sector to generate revenue of $ 294 billion Posted: 22 Jul 2011 04:18 AM PDT India's power sector will generate a revenue of Rs 13 lakh crore (US $ 294 billion) during the 12th five year plan (2012-17) Union power secretary P. Uma Shankar said on Thursday. 
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| Sensex closes 283 points higher Posted: 22 Jul 2011 03:30 AM PDT A benchmark index for Indian equities Friday closed 283 points higher than its previous close amid positive global cues. Broader markets too were on the rise. 
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| Mobile bill woes: Bharti Airtel hikes call tariff by 20% in six circles Posted: 22 Jul 2011 03:07 AM PDT Bharti Airtel today hiked call tariffs by 20% in six major circles including New Delhi, Andhra Pradesh and UP. Other telecom players are likely to follow suit. 
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| Union Bank of India Q1 net down 22.7% at Rs 464.4cr Posted: 22 Jul 2011 02:48 AM PDT Public sector lender Union Bank of India today reported a 22.7% decline in net profit at Rs 464.4 crore for the first quarter ended June 30, 2011, mainly on account rise in provision against bad assets. 
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| Reliance Infra comes under RTI Act, rules SIC Posted: 22 Jul 2011 02:36 AM PDT Energy consumers served by Reliance Infrastructure can now obtain information about its services under the RTI Act as the State Information Commission has, in a significant order, ruled that being a public utility service provider it comes under the transparency law. 
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| Microsoft Q4 net up 30 pc to $5.87bn Posted: 22 Jul 2011 01:27 AM PDT Software giant Microsoft Corp has reported a 30 per cent surge in net income to $5.87 billion in the three months period ending June 30, 2011. 
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| Chennai-based firm in tie-up with Blackberry Posted: 21 Jul 2011 11:25 PM PDT Eyeing leadership status in mobile education, Chennai based Education Support Services Company EdServ has tied-up with Blackberry to provide online education content on the smartphones. 
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| Sensex surges on news of 2nd bailout for Greece Posted: 21 Jul 2011 10:57 PM PDT The BSE benchmark Sensex rallied by 246 points in early trade on Friday on fresh buying by operators and investors on news of a second bailout package for Greece and plans to prevent the sovereign debt contagion from spreading to other European countries. 
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| Rupee recovers by 15 paise vs dollar Posted: 21 Jul 2011 10:55 PM PDT The Indian rupee recovered by 15 paise to Rs 44.35 against the US dollar in early trade today on fresh selling of the American currency by banks and exporters on expectations of a resumption of foreign capital inflows into the rising equity market. 
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| Rupee appreciates by 13 paise against dollar Posted: 21 Jul 2011 09:29 PM PDT The Indian rupee appreciated by 13 paise to Rs 44.37 against the US dollar in early trade on the Interbank Foreign Exchange on Friday, boosted by gains posted by the euro and other currencies against the American dollar overseas. 
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| Sensex up 160 pts on firm Asian cues Posted: 21 Jul 2011 09:18 PM PDT The Bombay Stock Exchange benchmark sensex rallied by nearly 160 points in opening trade on Friday on better-than expected quarterly earnings by Hero Honda and other companies, besides a firming trend on other Asian bourses. 
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| E-filed returns may cross 50% this year Posted: 21 Jul 2011 12:32 PM PDT E-filing of income tax returns has increased so substantially over the past two years that the income tax department believes paper filing of returns would soon become a negligible proportion of the total. 
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