Friday, July 20, 2012

Ministers do a balancing act on spectrum

Ministers do a balancing act on spectrum


Ministers do a balancing act on spectrum

Posted: 20 Jul 2012 04:55 PM PDT

The empowered group of ministers (EGoM) on spectrum on Friday settled for a reserve price of around Rs 15,000 crore for 5 mega hertz of pan-India airwaves, about 20% discount compared to the regulator's suggestion.


'We will not compromise on violence'

Posted: 20 Jul 2012 04:42 PM PDT

Shinzo Nakanishi, Maruti Suzuki's managing director and one of the architects of the company's journey in India, is usually in office by 8.45 a.m.


Flipkart hikes minimum order value for free delivery

Posted: 20 Jul 2012 04:41 PM PDT

India's largest online retailer Flipkart has increased its minimum order value to avail of free home delivery from Rs 200 to Rs 300 signalling the e-tailer's intent to end the price competitiveness it offered, especially in the books segment.


Microsoft logs in first quarterly loss in 26 years

Posted: 20 Jul 2012 04:12 PM PDT

Slipping into the red for the first time in nearly three decades, Microsoft has reported a loss of $492 million in the June quarter due to a non-cash writedown of $6.2 billion related to non-performance of online advertising business.


Vodafone revenues down 7.7%

Posted: 20 Jul 2012 08:35 AM PDT

Hit by slow business growth in Europe as well as India, telecom giant Vodafone reported 7.7 per cent decline in revenues at 10.7 billion pound (Rs 92,755 crore) for the quarter ended June 30, 2012.


Gold drops on low demand, silver also slips

Posted: 20 Jul 2012 06:01 AM PDT

Gold prices weakened further in a listless trade at the domestic bullion market today on subdued demand from stockists and investors.


Rupee drops 20 paise to 55.32 vs dollar

Posted: 20 Jul 2012 05:57 AM PDT

In volatile trade, the rupee today fell 20 paise to settle at 55.32 against the US dollar tracking weakness in local shares amid a firm dollar overseas as the Eurozone debt problems resurfaced.


Sensex closes 120 points down

Posted: 20 Jul 2012 04:26 AM PDT

The Sensex, which had gained 176 points in last three sessions, fell by 120.41 points, or 0.70 per cent to 17,158.44 led by shares of banks, capital goods and realty.


Coal supply: Assocham seeks PM's intervention

Posted: 20 Jul 2012 03:30 AM PDT

Industry body Assocham has sought intervention of Prime Minister Manmohan Singh in ensuring smooth supply of coal to power units.


Gold up by Rs 20, silver sheds Rs 300

Posted: 20 Jul 2012 02:26 AM PDT

Gold gained Rs 20 to Rs 29,650 per 10 grams on firm global cues, while silver lost Rs 300 to Rs 52,250 per kg on poor demand.


Sensex slips on political worries

Posted: 20 Jul 2012 01:11 AM PDT

The BSE barometer Sensex dropped by 116 points on profit-booking mainly in banking, refinery, realty and health care sectors in view of political worries amidst lower Asian cues.


Rupee marginally down against dollar

Posted: 19 Jul 2012 09:47 PM PDT

The rupee traded marginally lower by 3 paise to 55.15 against the dollar in early trade today as the American currency gained strength against euro and other Asian currencies.


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