Tuesday, August 30, 2011

Trai says cancel 69 licences, DoT disconnects 8

Trai says cancel 69 licences, DoT disconnects 8

Trai says cancel 69 licences, DoT disconnects 8

Posted: 30 Aug 2011 04:55 PM PDT

DoT has decided to cancel only eight licences for failure of telecom operators to meet rollout obligations, as against the Telecom Regulatory Authority of India's (Trai's) recommendation that 69 licences be scrapped.

Move to allow power funding in Chinese RMB

Posted: 30 Aug 2011 04:31 PM PDT

The government is likely to bring on the table a proposal to allow funding of power projects in Remnibi, China's local currency, as a way to energise overseas funds flow into the sector during the 12th Plan beginning next year.

RIL completes $7 billion deal with BP

Posted: 30 Aug 2011 04:18 PM PDT

Mukesh Ambani's Reliance Industries Limited has completed a deal to sell 30% stake in 21 acreages, including the showcase Andhra offshore gas field, to BP (formerly British Petroleum) for over $7 billion.

Branson may join B'wood star in racing league

Posted: 30 Aug 2011 04:03 PM PDT

British tycoon Richard Branson may partner with a prominent star family of Bollywood to buy a team in i1 Super Series, an Indian motor.

ESPN, sponsors look to score on Messi mania

Posted: 30 Aug 2011 03:59 PM PDT

ESPN STAR Sports is looking to ride the Lionel Messi mania with top corporates lining up as on-air sponsors for the international friendly between Argentina and Venezuela to be played in Kolkata.

At 7.7%, GDP grows slowest since Dec '09

Posted: 30 Aug 2011 03:50 PM PDT

The Indian economy expanded at its slowest pace in six quarters as the impact of rising interest rates, high inflation and global uncertainty took its toll.

GDP growth slows down to 7.7% in Q1

Posted: 30 Aug 2011 04:49 AM PDT

India's economy grew 7.7 percent in the three months through June, its weakest in six quarters, with further sluggishness looming as a spate of interest rate increases, high inflation and weak global conditions take a toll.

Sensex closes 260 points up on firm global trend

Posted: 30 Aug 2011 04:24 AM PDT

The Bombay Stock Exchange 30-share index, Sensex, which had gained 567.50 yesterday, rose further by 260.42 points to 16,676.75. Intra-day, it touched a high of 16,714.70.

Late buying helps Sensex close 282 points higher

Posted: 30 Aug 2011 03:53 AM PDT

A benchmark index for Indian equities markets on Tuesday closed 282 points higher helped by some late buying in realty, metal and banking stocks.

Gold down by Rs 305 on global cues

Posted: 30 Aug 2011 02:50 AM PDT

Extending losses for the second day in a row, both gold and silver witnessed a decline in the national capital's bullion market on sustained selling by stockists in tandem with a weak global trend.

Sensex surges by 147pts on global cues

Posted: 29 Aug 2011 10:37 PM PDT

The BSE benchmark sensex surged by 147 points in early trade today on persistent buying by operators and investors on the back of firm global cues and hopes of strong GDP growth.

Rupee to climb 2nd day as regional shares rise

Posted: 29 Aug 2011 09:17 PM PDT

The Indian rupee should strengthen for a second day on Tuesday tracking regional sharemarkets that rose on the back of a slew of positive news across the euro zone and the United States.

Sensex rallies 249 pts on global cues

Posted: 29 Aug 2011 09:11 PM PDT

The Bombay Stock Exchange benchmark Sensex rallied by almost 249 points in opening trade on Tuesday, extending Monday's gains on continued buying by funds, powered by a rally in global markets on better-than-expected US consumer spending data.

Sensex rises in morning trade

Posted: 29 Aug 2011 09:11 PM PDT

A benchmark index for Indian equities markets on Tuesday built on its previous session's gains and was ruling over 212 points higher minutes after opening bell.
Posted by Harshad at 9:38 PM

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