Friday, May 4, 2012

Tariffs to rise marginally on Trai plan

Tariffs to rise marginally on Trai plan

Tariffs to rise marginally on Trai plan

Posted: 04 May 2012 05:29 PM PDT

Angry mobile operators have slammed the telecom regulator's recommendations on auction of spectrum and have said they would be forced to shut shop if these are accepted but independent estimates show that the impact on tariff would be marginal - small enough for the operators to bear the costs.

Cipla may cut prices of other cancer drugs too

Posted: 04 May 2012 05:27 PM PDT

Domestic pharma major Cipla may extend its "affordable and humanitarian" pricing strategy on other anti-cancer drugs in its portfolio, even as domestic generic companies are still trying to grapple with the huge cuts and evaluate their pricing options.

IPO to make Zuckerberg richer than Ballmer

Posted: 04 May 2012 05:18 PM PDT

Facebook's $11.8 billion initial public offering will cement the status of 27-year-old Mark Zuckerberg as one of the world's richest men and put his social network among the highest-valued companies in the US.

RIL revises petition, seeks government action

Posted: 04 May 2012 05:16 PM PDT

A day after the oil ministry slapped a notice of $1.2 billion, or about Rs 7,000 crore, on Reliance Industries Ltd (RIL) for a sharp fall in gas output from its showcase Andhra offshore field.

IOC bunks run dry in 7 districts

Posted: 04 May 2012 07:45 AM PDT

The petrol bunks of Indian Oil Corporation (IOC) in the seven districts of the state fed by the IOC terminal here, including Mangalore, have run dry of diesel as they are not getting supplies from MRPL.

Re rebounds, RBI intervention debated

Posted: 04 May 2012 06:05 AM PDT

The rupee staged a late recovery on Friday that sparked debate about central bank intervention, but is still within reach of a lifetime low after posting a fifth successive week of falls on rising fears of foreign outflows.

Sensex down 272 points at mid-session

Posted: 04 May 2012 01:10 AM PDT

The BSE benchmark sensex dipped below the 17k mark today, down nearly 272 points at mid-session on heavy selling amid the weakening rupee and overall uninspiring corporate earnings announced over the past couple of weeks.

Kingfisher talking to tenants to avoid eviction

Posted: 03 May 2012 10:35 PM PDT

Kingfisher Airlines continues to hit air pockets with two real estate developers now slapping eviction notice for allegedly defaulting on rent payments since last November.

Asia stocks slip on weakness in US retail sales

Posted: 03 May 2012 10:11 PM PDT

Asian stock markets were mostly lower Friday after disappointing US retail sales stirred concerns about the robustness of the recovery in the world's No. 1 economy.

Rupee down 31 paise against dollar

Posted: 03 May 2012 09:40 PM PDT

The rupee on Friday lost 31 paise to trade at fresh four-and-a-half-month low of Rs 53.72 against the US dollar in early trade on the Interbank Foreign Exchange market due to increased demand for the American currency from importers.

Sensex down on selling by funds

Posted: 03 May 2012 09:31 PM PDT

The BSE benchmark Sensex declined by over 84 points in early trade on Friday on sustained selling by funds and retailers, triggered by disappointing corporate earnings amid a weak trend on Asian bourses.

Rupee slides, ends at 53.42 to dollar

Posted: 03 May 2012 12:06 PM PDT

The slide in the Indian currency continued on Thursday with the rupee weakening to trade at 53.47 to a dollar before finally closing just a tad better at 53.42 on the back of suspected RBI intervention.
Posted by Harshad at 9:26 PM

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