Wednesday, July 25, 2012

'3-year profit track record must for insurers' IPO'

'3-year profit track record must for insurers' IPO'

'3-year profit track record must for insurers' IPO'

Posted: 25 Jul 2012 05:55 PM PDT

The Securities and Exchanges Board of India (Sebi) has turned down an IRDA proposal seeking relaxation of the profitability criterion for insurance companies planning an initial public offering.

Infosys's talks with US staffer fail, case to go to court

Posted: 25 Jul 2012 05:54 PM PDT

The Infosys Technologies versus Jack Palmer case will go to trial in the US on August 20.The mediation talks between the IT company and its employee, Palmer, fell through on Tuesday.

Global private equity biggies put India story on hold

Posted: 25 Jul 2012 05:51 PM PDT

India's recent regulatory moves on retrospective taxes spooked PE funds, which are long-term risk investors.

Indian aviation in crisis: IATA

Posted: 25 Jul 2012 05:49 PM PDT

International Air Transport Association (IATA) is sounding the alarm bells for Indian aviation. IATA director general Tony Tyler said on Wednesday that "India's aviation is in a multi-faceted crisis," severely impacted by high costs and exorbitant taxes.

HCL Q4 net up 67% at Rs 854 crore

Posted: 25 Jul 2012 05:45 PM PDT

HCL Technologies delivered a bumper performance in the fourth quarter ended June, and the announcement on Wednesday sent its share price up by over 6%, a day when the sensex was in the red.

Unitech, Telenor in fresh JV spar

Posted: 25 Jul 2012 05:43 PM PDT

Uninor had sought FIPB permission to infuse Rs 1,200 crore through a rights issue to meet the spending and capital needs and also retire high-cost loans.

Ajit Singh denies IndiGo's charge of favouritism

Posted: 25 Jul 2012 05:42 PM PDT

A war of words has broken out between the aviation ministry and India's leading low-cost carrier (LCC) and only profitable airline, IndiGo, over the issue of alleged favouritism to certain airlines.

100 Chinese companies line up for shale gas auction

Posted: 25 Jul 2012 05:35 PM PDT

Individual real estate developers and even a grain trader are among the 100 Chinese bidders who have joined the scramble for a piece of the second shale gas exploration tender issued by the government.

Government may ban some agriculture futures

Posted: 25 Jul 2012 05:32 PM PDT

The government may ban futures trade in agriculture commodities that see high price volatility, Food Minister K V Thomas said on Wednesday.

Bangladesh garment unrest worries global buyers

Posted: 25 Jul 2012 06:59 AM PDT

Bangladesh's government has promised top Western buyers of the country's garments that it will address unrest in the textile sector over soaring living costs, it said today.

Rupee falls for 4th session

Posted: 25 Jul 2012 06:17 AM PDT

The rupee fell for a fourth successive session on Wednesday on growing worries of a government dithering despite mounting fiscal and economic challenges, although a late recovery in the euro helped offset most losses.

'India, China account for 35% of active mobile users'

Posted: 25 Jul 2012 05:33 AM PDT

India and China account for 35 per cent of 4.1 billion active mobile services users worldwide, says a study by telecom equipment maker Ericsson.

Sensex down 72 points

Posted: 25 Jul 2012 04:21 AM PDT

Tracking weak Asian markets, Sensex today fell by 72 points to 16,846.05, its lowest closing since June 18, amid concerns over deficient monsoon and delay in key economic reforms.

FDI inflows witness sharp dip in May

Posted: 25 Jul 2012 03:45 AM PDT

Foreign direct investment (FDI) in India declined sharply for the second month in a row in May with inflows slipping to USD 1.32 billion from USD 4.66 billion in the year-ago period, reflecting the impact of slowing global economy.

UK in a deeper recession than thought

Posted: 25 Jul 2012 03:21 AM PDT

Britain is suffering a far deeper recession than thought, in a development that is likely to increase the pressure on the government to ease up on its tough austerity approach.

Gold regains Rs 30k level on festive demand

Posted: 25 Jul 2012 02:58 AM PDT

Gold on Wednesday regained the psychological level of Rs 30,000 per 10 grams on brisk buying by stockists and jewellers to meet the demand for the upcoming festive season amid a firming global trend.

No stock of Swift, DZire: Maruti

Posted: 25 Jul 2012 02:28 AM PDT

Maruti Suzuki India on Wednesday said it has run out of stock of the two best selling models, Swift and DZire, which are produced at the Manesar plant where it has declared lockout following violence last week.

Sensex down 109 points in early trade

Posted: 24 Jul 2012 10:59 PM PDT

The BSE benchmark Sensex today fell further and lost 109 points in early trade due to profit- booking by operators, mainly in metal, consumer durables, auto and realty counters, amid weak Asian cues.

Rupee down 18 paise against dollar

Posted: 24 Jul 2012 09:33 PM PDT

The rupee today fell by 18 paise to 56.29 against the US dollar in early trade at the Interbank Foreign Exchange market, extending its losing streak for the fourth straight session as the American currency gained strength against other currencies overseas.

Sensex down 68 points on profit-booking

Posted: 24 Jul 2012 09:10 PM PDT

The BSE benchmark index Sensex today fell by over 68 points in early trade as funds and retail investors booked profits amid a weak trend on other Asian bourses.
Posted by Harshad at 9:06 PM

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