No wrong doing in accounts of Reebok, says auditor |
- No wrong doing in accounts of Reebok, says auditor
- Srei arm buys ICICI’s Kingfisher Airlines debt
- Women ride scooters back onto Indian roads
- Ministry opposes DoT’s 2G proposal
- Oil price falls below $84
- June factory PMI highest in four months
- Rupee gains for 3rd day; foreign banks sell dollars
- Sensex snaps 4-day rally; down 31 points
- June factory growth highest in four months: Survey
- Barclays chairman quits over rate rigging scandal
- May exports down 4.16%: Govt
- Rupee gains 6 paise against dollar in early trade
- Sensex sheds 40 points on profit-booking
- Multi-brand FDI to hit kirana shops: Metro boss
| No wrong doing in accounts of Reebok, says auditor Posted: 02 Jul 2012 12:37 PM PDT Reebok's auditor N Narasimhan & Co has informed the ICAI that there was no accounting wrong doing in the company which has filed Rs 870-crore fraud case against two of its former employees. 
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| Srei arm buys ICICI’s Kingfisher Airlines debt Posted: 02 Jul 2012 12:11 PM PDT ICICI Bank has oflloaded its entire Rs 430-crore debt exposure in Kingfisher Airlines (KFA) to a debt fund of Srei Venture Capital (SVCL), the fund management arm of Kolkata-based Srei Infrastructure Finance. 
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| Women ride scooters back onto Indian roads Posted: 02 Jul 2012 12:06 PM PDT Six years ago, India's two-wheeler market was dominated by motorcycles, whose share came to 84%. Now, that pie has significantly reduced to 75%, with scooters making a comeback on Indian roads. Most of this growth is being driven by an unlikely segment — women customers. 
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| Ministry opposes DoT’s 2G proposal Posted: 02 Jul 2012 11:45 AM PDT Armed with a backing from Prime Minister Manmohan Singh, the finance ministry, along with the Planning Commission, has opposed the telecom department's proposal to charge the auction-discovered spectrum fee for 2G mobile services from existing operators even if their licences are years away from renewal. 
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| Posted: 02 Jul 2012 06:59 AM PDT The price of oil fell below $84 a barrel Monday, unwinding some of the massive gains made Friday, when investors cheered the latest EU plans to tackle the continent's debt and economic woes. Signs of an economic slowdown in China also weighed on markets. 
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| June factory PMI highest in four months Posted: 02 Jul 2012 06:57 AM PDT India's factories in June stepped up production and hired workers at the fastest rate in more than two years, but sagging demand abroad took a toll on growth in new export orders, a survey showed on Monday. 
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| Rupee gains for 3rd day; foreign banks sell dollars Posted: 02 Jul 2012 05:27 AM PDT Rupee strengthened for the third straight session on Monday on the back of dollar sales by investors, following some clarity on certain taxation rules, as also by others looking to bid at the auction for government debt limits. 
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| Sensex snaps 4-day rally; down 31 points Posted: 02 Jul 2012 04:07 AM PDT In lacklustre trading, the Sensex on Monday closed 31 points down to 17,398.98 on emergence of profit booking after a four-day string of gains and worries over monsoon. 
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| June factory growth highest in four months: Survey Posted: 02 Jul 2012 12:21 AM PDT India's factories in June stepped up production and hired workers at the fastest rate in more than two years, but sagging demand abroad took a toll on growth in new export orders, a survey showed on Monday. 
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| Barclays chairman quits over rate rigging scandal Posted: 01 Jul 2012 11:29 PM PDT Barclays chairman Marcus Agius quit on Monday and said an interest rate rigging scandal had dealt "a devastating blow" to the bank's reputation and "the buck stops with me". 
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| Posted: 01 Jul 2012 10:53 PM PDT India's exports fell 4.16 percent year-on-year to $25.68 billion in May, while imports fell 7.36 percent year-on-year to $41.9 billion, government data showed on Monday. 
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| Rupee gains 6 paise against dollar in early trade Posted: 01 Jul 2012 09:45 PM PDT The rupee rose marginally by 6 paise to trade at 55.55 against the US dollar in early trade on Monday at the Interbank Foreign Exchange on increased capital inflows amid stronger euro. 
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| Sensex sheds 40 points on profit-booking Posted: 01 Jul 2012 09:42 PM PDT Snapping a four-day rising streak, the BSE benchmark Sensex fell by over 40 points in early trade on Monday as funds and retail investors booked profits at prevailing levels. 
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| Multi-brand FDI to hit kirana shops: Metro boss Posted: 01 Jul 2012 12:06 PM PDT It is not just small traders and kirana stores who are worried over loss of business if foreign direct investment (FDI) in multi-brand retail is allowed. 
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