Tuesday, July 3, 2012

Oil prices mixed in Asia amid Iran tensions

Oil prices mixed in Asia amid Iran tensions

Oil prices mixed in Asia amid Iran tensions

Posted: 03 Jul 2012 08:35 PM PDT

Crude prices were mixed in Asia today with traders taking profit from an unexpected overnight rally as Iranian sabre-rattling against an European oil embargo supported prices, analysts said.

Govt plans Rs 2000 cr fund for pharma

Posted: 03 Jul 2012 02:39 PM PDT

The government is planning to set up a venture capital fund with a corpus of Rs 2,000 crore aimed at strengthening research and development capabilities in the pharmaceutical sector.

Barclays CEO, COO quit over rate scandal

Posted: 03 Jul 2012 02:38 PM PDT

Barclays's top three executives have resigned amid a deepening dispute about whether the Bank of England pushed the lender to submit artificially low Libor rates during the financial crisis.

ONGC pips TCS to become most-valued companies

Posted: 03 Jul 2012 02:34 PM PDT

State-run ONGC on Tuesday became the country's most valued company with a market capitalisation of over Rs 2.47 lakh crore, surpassing Tata Group software services company TCS.

Telecom tribunal split on 3G roaming pacts

Posted: 03 Jul 2012 02:33 PM PDT

The telecom tribunal on Tuesday gave a split verdict on the validity of mobile phone operators offering 3G services beyond their licence areas through roaming pacts with its chairman concurring with such a practice, while the other member on the bench differed with him.

Accel, Tiger to pump $25m more into Myntra

Posted: 03 Jul 2012 02:32 PM PDT

Facebook investor Accel Partners and Tiger Global Management are making a fresh investment of $25 million in fashion e-tailer Myntra as they ramp up stakes in Indian e-commerce startups chasing the young internet savvy consumer.

Tech Mahindra, Serco eye Hutch’s BPO business

Posted: 03 Jul 2012 02:21 PM PDT

Hong Kong billionaire Li Ka-shing plans to sell telecom business process outsourcing (BPO) unit Hutchison Global Services, attracting interests from Tech Mahindra and UK's Serco, said banking sources briefed on the matter.

SBI: No minimum balance charges

Posted: 03 Jul 2012 08:05 AM PDT

The country's largest lender, State Bank of India (SBI), Tuesday announced that it has done away with the minimum balance requirement for savings accounts for both existing and new customers.

Inflation to soften by mid-October: Govt

Posted: 03 Jul 2012 07:54 AM PDT

Inflation would continue at the 7.5 per cent level till September this year, after which it is likely to go below 7 per cent, Kaushik Basu, chief economic advisor to the union finance ministry, said Tuesday.

Gold falls further on subdued demand

Posted: 03 Jul 2012 06:25 AM PDT

Gold prices fell further at the domestic bullion market here today due to sluggish demand from traders and investors.

Fila ropes in Sehwag as brand ambassador

Posted: 03 Jul 2012 05:41 AM PDT

Italian sportswear maker Fila today said it has signed up cricketer Virender Sehwag as its first ever brand ambassador in India.

Sensex closes 27 points up

Posted: 03 Jul 2012 04:59 AM PDT

In volatile trade, the Sensex today erased some early gains and ended only 27 points higher after investors booked profits in IT and FMCG sectors while consumer durables, telecom and realty shares attracted buying interest amid a firming global trend.

'Indian mobile handset market crosses 50m units'

Posted: 03 Jul 2012 02:07 AM PDT

Mobile phone sales crossed the 50 million mark in the January-March quarter of this year, up 9.1% from last year at the same, according to the latest data released by Cybermedia Research India. Smartphones made up 5.3% of the phones sold and almost a quarter of the total handset revenues in India.

Mobile phones sale crosses 50 million mark in India

Posted: 03 Jul 2012 02:07 AM PDT

Mobile phone sales crossed the 50 million mark in the January-March quarter of this year, up 9.1% from last year at the same, according to the latest data released by Cybermedia Research India. Smartphones made up 5.3% of the phones sold and almost a quarter of the total handset revenues in India.

Indian mobile handset market crosses 50 million: Study

Posted: 03 Jul 2012 02:07 AM PDT

Mobile phone sales crossed the 50 million mark in the January-March quarter of this year, up 9.1% from last year at the same, according to the latest data released by Cybermedia Research India. Smartphones made up 5.3% of the phones sold and almost a quarter of the total handset revenues in India.

Rupee gains 25 paise against dollar

Posted: 02 Jul 2012 09:48 PM PDT

The rupee rose by 25 paise to 55.18 against the American currency in early trade on Tuesday at the Interbank Foreign Exchange on dollar selling by exporters, amid a higher opening in the stock market.

Sensex up 89 points on Asian cues

Posted: 02 Jul 2012 09:21 PM PDT

The BSE benchmark Sensex rose by nearly 89 points in early trade on Tuesday on fresh buying by funds and retailers amid a firming trend in Asian markets.

GlaxoSmithKline to pay $3bn in fraud settlement

Posted: 02 Jul 2012 09:33 AM PDT

GlaxoSmithKline will pay $3bn and plead guilty to promoting two popular drugs for unapproved uses & to failing to disclose safety information, US court said.
Posted by Harshad at 9:18 PM

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