Wednesday, February 15, 2012

Sensex falls 0.3% early, Unitech drops

Sensex falls 0.3% early, Unitech drops


Sensex falls 0.3% early, Unitech drops

Posted: 15 Feb 2012 08:35 PM PST

The BSE sensex fell 0.3% early on Thursday, led by losses in Reliance Industries and ICICI Bank.


TIL launches India’s first tablet magazine

Posted: 15 Feb 2012 07:53 PM PST

Developed in partnership with GENWI, inventor of cloudbased mobile publishing, the application can be accessed via the iPad and will soon be launched for the iPhone and Android devices.


Kingfisher Airlines Q3 loss widens, costs mount

Posted: 15 Feb 2012 07:38 PM PST

Kingfisher Airlines reported a 75% wider net loss in the quarter to end-December from a year earlier, as the ailing Indian carrier continued to feel the pinch of high fuel costs, a weaker rupee and fierce competition.


New telecom policy likely by April

Posted: 15 Feb 2012 03:02 PM PST

The New Telecom Policy, which will replace the last one formulated in 1999, is expected to be announced in April. Communications & IT minister Kapil Sibal said the new norms would help subscribers get better services and at affordable rates due to more efficient usage of spectrum.


CNG prices may rise as RIL signals KG output fall

Posted: 15 Feb 2012 02:59 PM PST

The price of gas sold as automotive fuel and piped to kitchens are expected to rise periodically and several gas-fired power projects could be stranded as Mukesh Ambani's Reliance Industries Ltd (RIL) has indicated to government that production from its Andhra offshore fields would go down almost a quarter of the target by 2013-14.


Marico buys Paras brands from Reckitt

Posted: 15 Feb 2012 02:55 PM PST

Marico is acquiring the erstwhile Paras personal care business from Reckitt Benckiser (RB), leaving the latter to focus on the healthcare part of the business, which it had acquired last year.


Ink fuel pact with power projects: PMO to CIL

Posted: 15 Feb 2012 02:54 PM PST

The Prime Minister's Office has asked state-run Coal India to sign fuel supply agreements with power projects that were either ready by December or are expected to be commissioned by March 2015 and have long-term power purchase agreements in place.

Pakistan to grant MFN status to India this year

Posted: 15 Feb 2012 02:52 PM PST

Pakistan on Wednesday agreed to liberalize trade with India and conceded to put in place a small negative list of goods by the end of the month where imports will be restricted.


World Bank's Zoellick to step down

Posted: 15 Feb 2012 07:58 AM PST

World Bank president Robert Zoellick will leave the job at the end of his five year term on June 30, the Bank announced Wednesday.


Rupee up 7 paise vs dollar

Posted: 15 Feb 2012 07:18 AM PST

The rupee today recovered marginally by seven paise to close at 49.29/30 against the US dollar amid sustained capital inflows.


Sensex back at 18k level; shoots up 354 pts

Posted: 15 Feb 2012 03:26 AM PST

Sensex today regained the 18,000 level after over six months by adding 354 points on sustained buying by funds amid hopes that inflation will ease.

No decision on ONGC, BHEL stake sale

Posted: 15 Feb 2012 02:38 AM PST

A panel of ministers on Wednesday failed to take a decision on stake sale of blue chip oil major ONGC and engineering giant BHEL and decided to meet again to take a final call.


Sensex regains 18K level

Posted: 14 Feb 2012 10:53 PM PST

The BSE benchmark index Sensex regained 18,000 points level after over six months by adding 291 points at midsession on Wednesday on sustained buying by funds on easing inflation and a firming global trend.


Gold edges up, fresh Greek concerns still weigh

Posted: 14 Feb 2012 10:10 PM PST

Gold edged higher on Wednesday but remained in a tight range around $1,720 an ounce, with investors on the sidelines because Greece has yet to convince European leaders of its ability to stick to unpopular reforms needed to secure a bailout.


Rupee gains 8 paise against dollar

Posted: 14 Feb 2012 08:59 PM PST

The rupee gained 8 paise to trade at Rs 49.28 per dollar on the Interbank Foreign Exchange market in early trade on Wednesday amid firm stock markets.


'Footwear industry to witness healthy growth'

Posted: 14 Feb 2012 08:57 PM PST

Growing at a compound annual growth rate (CAGR) of about 15%, the Indian footwear industry is likely to reach about Rs 38,700 crore by 2015 from the current level of about Rs 22,000 crore, according to industry chamber Assocham.


Sensex regains 18K level

Posted: 14 Feb 2012 08:55 PM PST

The BSE benchmark index Sensex on Wednesday regained 18,000 points level by rising nearly 209 points in early trade.


Sensex regains 18K level

Posted: 14 Feb 2012 08:55 PM PST

The BSE benchmark index Sensex on Wednesday regained 18,000 points level by rising nearly 209 points in early trade.


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