Retail inflation eases to 9.86% in July |
- Retail inflation eases to 9.86% in July
- GST rollout likely to miss April 2013 deadline
- AI's losses pegged at Rs 28,046 cr
- Riverside, European retailers eye Spykar
- Birla’s Pantaloon deal hits CCI hurdle
- Shares rise to 5-month closing high
- Banks call 2-day strike on 22-23 August
- Rupee hits 1-week high
- RBI tightens NBFC securitisation norms of loans
- Gold advances to three-week high
- Sensex closes 194 points up
- Retail inflation eases marginally to 9.86% in July
- Rupee gains 24 paise against dollar to 55.49
- Sensex up 81 points on funds buying
- Times Response unveils coffee table book Trailblazers
| Retail inflation eases to 9.86% in July Posted: 21 Aug 2012 04:39 PM PDT Retail inflation eased marginally in July on the back of moderating fuel prices but food inflation remained in double digits and erratic monsoon rains in some parts of the country may heighten the pressure and pose a policy challenge in the months ahead. 
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| GST rollout likely to miss April 2013 deadline Posted: 21 Aug 2012 04:28 PM PDT The government's plan to roll out the Good and Services Tax (GST) by next April is unlikely to be met as an expert has suggested not to rush through with the country's most ambitious tax reform initiative. 
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| AI's losses pegged at Rs 28,046 cr Posted: 21 Aug 2012 03:56 PM PDT AI's losses have been constantly mounting since the five-year-old merger with Indian Airlines and the collective losses from 2007-08 to 2011-12 are now Rs 28,046 crore, the aviation ministry told Parliament on Tuesday. 
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| Riverside, European retailers eye Spykar Posted: 21 Aug 2012 03:48 PM PDT Global buyout fund Riverside and three European fashion retailers are in the fray to acquire India's biggest home-grown denim brand Spykar Lifestyles after Avigo Capital, which controls about 60% stake in the company, renewed plans to sell the business. 
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| Birla’s Pantaloon deal hits CCI hurdle Posted: 21 Aug 2012 02:52 PM PDT Aditya Birla group's bid to acquire Kishore Biyani's fashion apparel business Pantaloon, suffered a regulatory hurdle as Competition Commission of India (CCI) has sent back the proposal, saying it came in premature and requires a nod from the boards of the respective companies. 
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| Shares rise to 5-month closing high Posted: 21 Aug 2012 06:37 AM PDT Indian shares rose 1.1 per cent on Tuesday to their highest close in five months led by Infosys after a US court dismissed a lawsuit from an employee, while consumer good stocks gained on signs of improving rainfalls late in the monsoon season. 
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| Banks call 2-day strike on 22-23 August Posted: 21 Aug 2012 06:21 AM PDT The strike call will affect 70,000 bank branches across state-run and some p rivate and foreign banks including the country's largest lender State Bank of India. 
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| Posted: 21 Aug 2012 06:03 AM PDT The rupee has been largely range-bound in August, given the absence of significant domestic triggers, with global risk factors having a bigger impact. 
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| RBI tightens NBFC securitisation norms of loans Posted: 21 Aug 2012 05:08 AM PDT Reserve Bank today tightened the NBFC securitisation norms by stipulating that a non-banking finance company will have to retain at least 5 per cent of the loan being sold to another entity. 
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| Gold advances to three-week high Posted: 21 Aug 2012 05:05 AM PDT Gold today climbed for a fifth day, reaching a three-week high, as a weaker dollar increased the metal's appeal as an alternative investment. 
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| Posted: 21 Aug 2012 04:25 AM PDT A benchmark index of Indian equities markets Tuesday closed 194 points higher. 
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| Retail inflation eases marginally to 9.86% in July Posted: 21 Aug 2012 01:48 AM PDT Retail inflation declined marginally to 9.86 per cent in July due to lower prices of spices, cereals and its products although prices of vegetables remained high during the month. 
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| Rupee gains 24 paise against dollar to 55.49 Posted: 20 Aug 2012 09:42 PM PDT The rupee rose by 24 paise to trade at 55.49 against the American currency in early trade today at the Interbank Foreign Exchange on continued dollar selling by exporters and some banks. 
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| Sensex up 81 points on funds buying Posted: 20 Aug 2012 09:38 PM PDT The BSE benchmark Sensex gained over 81 points in early trade today on sustained buying by funds and retailers driven by the government's bid to revive investments across-the-board amid a better trend in Asia. 
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| Times Response unveils coffee table book Trailblazers Posted: 20 Aug 2012 04:32 PM PDT BJP leader Rajnath Singh on Monday said that there needs to be a balance between the political and economic power for the country to forge ahead."The balance that should be there is missing. 
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