Wednesday, April 4, 2012

Loan rates won’t fall soon: Bankers

Loan rates won’t fall soon: Bankers


Loan rates won’t fall soon: Bankers

Posted: 04 Apr 2012 06:27 PM PDT

For home loan borrowers the wait for a lending rate cut is set to get longer unless the Reserve Bank of India takes drastic measures.


In biggest sell-off quarter, Private equity firms cash in

Posted: 04 Apr 2012 06:16 PM PDT

Private equity firms sold shares worth over $1.8 billion in the first three months of 2012, making it the busiest quarter of exits for long-term risk investors in India.


Govt may cut excise on petrol to avert price hike

Posted: 04 Apr 2012 06:11 PM PDT

The finance ministry has indicated to oil companies that it may reduce the excise duty on petrol to lower their under-recovery burden, a move that is expected to help consumers do without an additional burden.


IIT Rajasthan caused failure of Aakash I: Datawind

Posted: 04 Apr 2012 06:07 PM PDT

Six months after ministry of human resources and development formally launched Aakash tablet, barely a few hundred units have reached the hands of students.

Get ready to pay more for white goods

Posted: 04 Apr 2012 06:05 PM PDT

Brace yourself for a taxing summer as prices of white goods are ready to shoot up once again on the back of increase in excise duty from 10% to 12% as proposed in the Budget .


Yahoo plans to lay off 2000 staff

Posted: 04 Apr 2012 05:59 PM PDT

Yahoo Inc will lay off 2,000 people, or 15% of its workforce, in its deepest round of job cuts in years as new CEO Scott Thompson tries to drive innovation within a leaner, more agile company while saving hundreds of millions of dollars.

Reliance Power unveils green power unit

Posted: 04 Apr 2012 05:48 PM PDT

The project has been built with an investment of Rs 6,000 crore and is the first new power plant to be built in UP in the last 20 years.


Rupee falls as Fed view boosts dollar; ends at 51.05

Posted: 04 Apr 2012 06:06 AM PDT

The rupee fell on Wednesday weighed by gains in the dollar after expectations of fresh monetary stimulus in the United States faded and local oil importers looked to cover payment obligations before the long weekend.


S&P: Europe should pull out of recession in late 2012

Posted: 04 Apr 2012 04:50 AM PDT

Although the current recession in Europe will probably extend into the third quarter, we believe the economy may pick up modestly late this year and in 2013, said Standard & Poor's today in announcing the publication of its report "No Fast Lane Out Of Europe's Recession."


Robust hiring, 12% pay hike during 2011-12: Survey

Posted: 04 Apr 2012 04:25 AM PDT

Indicating a robust uptrend in the job market, a survey today said that 84 per cent of companies in India will ramp up their hiring activities this year and employees can look forward to an average pay hike of more than 12 per cent across most of the sectors.


Sensex falls 111 points on profit-booking

Posted: 04 Apr 2012 04:18 AM PDT

Snapping three-day gaining streak, the BSE benchmark Sensex today fell 111 points on profit- booking ahead of four-day trading break until Monday amid a weak trend in global markets.


China's grocery market overtakes US

Posted: 04 Apr 2012 02:31 AM PDT

China's grocery sector is now the largest in the world, overtaking the U.S. in 2011 and tripling in value between 2006 and 2015, according to industry body IGD.


China grocery market overtakes US

Posted: 04 Apr 2012 02:26 AM PDT

China's grocery sector is now the largest in the world, overtaking the US in 2011 and tripling in value between 2006 and 2015, according to industry body IGD.


Sensex falls 100 points on weak Asian cues

Posted: 04 Apr 2012 01:47 AM PDT

The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened in the red at 17,553.26 points, was ruling at 17,493.13 points at around 12.30 pm.


Power Stores, now fuelled by DirecPay

Posted: 04 Apr 2012 12:56 AM PDT

Power Stores offers additional services, like marketing and promoting the web store online, attracting the target audience for the merchant gets taken care of.


Shares of Coal India down over 2 %

Posted: 03 Apr 2012 11:48 PM PDT

Shares of Coal India Ltd (CIL) fell more than two per cent in the morning trade following a Presidential directive to the company to commit fuel supplies to power companies.


Iraq tenders to buy 30,000 tonnes of basmati rice

Posted: 03 Apr 2012 11:38 PM PDT

Iraq has issued a tender to buy a minimum of 30,000 tonnes of basmati rice from India and Pakistan origin, the trade ministry said.


Rupee weakens on local shares, dollar gains

Posted: 03 Apr 2012 10:39 PM PDT

The rupee was at 51.10/11 to the dollar, weaker than Tuesday's close of 50.6950/7050 in the morning trade.


Asia stocks slump on US job growth worries

Posted: 03 Apr 2012 09:24 PM PDT

Asian stock markets on Wednesday followed Wall Street into negative territory after the Federal Reserve voiced concern about US job growth but appeared to refrain from taking steps to prop up the economy.


Sensex down 104 points in early trade

Posted: 03 Apr 2012 09:19 PM PDT

The BSE benchmark Sensex today declined by almost 104 points in early trade, as funds and retail investors booked profits after recent gains amid weakening trend on other Asian bourses.


Rupee weakens on global risk aversion

Posted: 03 Apr 2012 08:46 PM PDT

Rupee fell early on Wednesday on risk aversion globally after minutes of a Federal Reserve meeting in March suggested no further monetary stimulus was likely in the United States.


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