Wednesday, June 20, 2012

Jagdish Khattar to expand Carnation Auto

Jagdish Khattar to expand Carnation Auto

Jagdish Khattar to expand Carnation Auto

Posted: 20 Jun 2012 05:46 PM PDT

Carnation Auto, a multi-brand auto sales and service network started by former Maruti managing director Jagdish Khattar, is on an expansion drive. The company , started in early 2009, will enter newer cities while also expanding on the internet for car retail business.

Remy to go local for bigger India play

Posted: 20 Jun 2012 05:42 PM PDT

Luxury cognac maker Remy Cointreau looks to start local bottling of brandies, uncorking India-specific brands, for a bigger consumption story in one of the fastest growing spirits markets.

Corporates can set up ATMs on rent for banks

Posted: 20 Jun 2012 05:41 PM PDT

Corporate entities have been allowed to set up 'white label' automated teller machines (ATMs) under new norms issued by the Reserve Bank to grow the ATM network in the country.

Basu pitches for freeing diesel prices

Posted: 20 Jun 2012 05:38 PM PDT

Chief economic advisor Kaushik Basu has pitched for decontrol of diesel prices, partially and "intelligently".

Citi cuts DLF, sees upside in Indian property

Posted: 20 Jun 2012 06:55 AM PDT

Citi downgrades DLF to "neutral" from "buy", cuts target price to 218 rupees from 266 rupees. DLF shares last down 1.3 per cent to 186.20 rupees.

Brent oil slips, Europe worries weigh

Posted: 20 Jun 2012 06:42 AM PDT

Brent crude oil fell on Wednesday, pinned near 17-month lows, hit by worries over Spain's high borrowing costs and prospects for global demand growth.

Rupee ends below 56, at near 3-week low

Posted: 20 Jun 2012 06:39 AM PDT

The rupee weakened for a third consecutive session on Wednesday to end below 56 to the dollar for the first time in June, as dollar demand from oil firms weighed, setting up the prospect of RBI intervention.

Pharma MNCs increase focus on Indian market

Posted: 20 Jun 2012 05:50 AM PDT

Multi-national pharma companies have increased their focus on the country following their rapid growth in the Indian market.

Sensex closes 37 points up

Posted: 20 Jun 2012 04:22 AM PDT

The BSE benchmark index, which had gained 154 points in the previous session, closed higher by 36.83 points, or 0.22 per cent to settle at 16,896.63 led by stock of metal, capital goods and healthcare sectors.

Singapore overtakes HK as home to Asia's wealthy

Posted: 20 Jun 2012 02:26 AM PDT

Southeast Asia also shows stronger signs of resilience to global turbulence than the rest of Asia as buoyant domestic spending offsets struggling exports.

Fitch revises Indian FIs to negative

Posted: 20 Jun 2012 12:28 AM PDT

Fitch Ratings has revised the Outlook on the 'BBB-' Long-Term (LT) Foreign Currency (FC) Issuer Default Rating (IDR) of India-based financial institutions to Negative from Stable, while affirming the rating.

Rupee up 5 paise against dollar

Posted: 19 Jun 2012 09:29 PM PDT

The rupee appreciated by 5 paise to 55.91 against the American currency in early trade today on the Interbank Foreign Exchange on dollar selling by exporters, amid a higher opening in the stock market.

Sensex up 72 points in early trade

Posted: 19 Jun 2012 09:27 PM PDT

The BSE benchmark sensex rose by over 72 points in early trade today on continued buying by funds and retailers after Prime Minister Manmohan Singh yesterday said the government is determined to take "tough" decisions to revive the economy.

Rupee opens higher on global risk sentiment

Posted: 19 Jun 2012 09:01 PM PDT

The rupee strengthened against the dollar on Wednesday as global risk assets gained on hopes the Federal Reserve will extend its U.S. bond buying programme at the end of its policy meeting later in the day.
Posted by Harshad at 9:06 PM

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