Wednesday, August 22, 2012

Southern skies to see new airline routes

Southern skies to see new airline routes


Southern skies to see new airline routes

Posted: 22 Aug 2012 06:03 PM PDT

The sky over south India is likely to get crowded in coming months. If plans floated by a few new airlines take off on time, travelling time between smaller cities in the peninsula could soon reduce.


Adani's SEZ under government scanner

Posted: 22 Aug 2012 04:56 PM PDT

While a show-cause notice was issued a couple of months ago, and permission "suspended", the commerce and industry department is expected to issue the final orders over the next few days.


Prices of gold near record high

Posted: 22 Aug 2012 04:53 PM PDT

Gold prices rose for sixth consecutive day on a weak dollar and speculation that European leaders may agree on measures to contain the debt crisis in Greece, Spain and Italy.


Brilliant Tutorials changes hands

Posted: 22 Aug 2012 04:52 PM PDT

The erstwhile leader of private tutored education in India--Brilliant Tutorials--is in the throes of a legal battle.


Telecom stocks slide on RIL buzz

Posted: 22 Aug 2012 04:51 PM PDT

The day's slide in these three telecom stocks also left investors poorer by about Rs 4,400 crore, with Bharti's market capitalization falling by nearly Rs 3,800 crore to Rs 94,444 crore.


It's time to rate ratings agencies: HDFC boss

Posted: 22 Aug 2012 04:45 PM PDT

HDFC chairman Deepak Parekh is known for speaking his mind on most issues impacting business.


FB investor Accel infuses funds into Bookmyshow

Posted: 22 Aug 2012 04:43 PM PDT

Facebook investor Accel Partners has become the largest shareholder in Bigtree Entertainment, which owns online ticketing company Bookmyshow, after investing Rs 100 crore, or $18 million.


SBI, BoI allowed to operate in Pakistan

Posted: 22 Aug 2012 06:39 AM PDT

India and Pakistan have agreed to allow two banks each from both the countries to set up branches across the border, governor of the State Bank of Pakistan, Yaseen Anwar said.


VRS proposals to cost over Rs 17k cr to BSNL, MTNL

Posted: 22 Aug 2012 06:27 AM PDT

The proposals of telecom PSUs BSNL and MTNL to reduce their workforce by 1.21 lakh by offering voluntary retirement scheme to staff will cost them over Rs 17,445 crore, the government said today.


Rupee gains in thin trade

Posted: 22 Aug 2012 05:46 AM PDT

The partially convertible rupee closed at 55.4950/5050 per dollar versus the SBI closing rate of 55.5650/5750 on Tuesday.


US FDA removes 27 Ranbaxy ANDA approvals

Posted: 22 Aug 2012 05:26 AM PDT

The US Food and Drug Administration is withdrawing approval to 27 Abbreviated New Drug Application (ANDA) held by generic drug maker Ranbaxy.

FDI in retail to harm Indian workers: Report

Posted: 22 Aug 2012 04:19 AM PDT

The US-based world's largest retailer Wal-Mart has already established its presence in the Indian market through a wholesale cash and carry stores.


Sensex 38 points down on closing

Posted: 22 Aug 2012 04:10 AM PDT

Sensex closed 38 points down on Wednesday in choppy trade that saw realty, power and capital goods stocks coming under selling pressure.


Gold near new high at Rs 30,745

Posted: 22 Aug 2012 02:30 AM PDT

Gold on Wednesday surged to near its record level by gaining Rs 235 to Rs 30,745 per 10 grams buoyed by brisk buying by stockists and investors on strong global cues.


Rupee up by 9 paise against dollar

Posted: 21 Aug 2012 11:22 PM PDT

In restricted trading in view of bank strike, the rupee trimmed its early gains on Wednesday but is being quoted higher by nine paise to 55.48 against the US currency in the late morning trade on selling of dollars from banks on the back of lower dollar in overseas market.


Sensex down by 20 points

Posted: 21 Aug 2012 11:21 PM PDT

The BSE benchmark Sensex recovered from initial losses on Wednesday but is still down by 20 points in the late morning trade in view of selling, mainly in banking, capital goods, power, technology, realty and metal sectors triggered by weak Asian cues.


Rupee up 16 paise against dollar

Posted: 21 Aug 2012 09:31 PM PDT

The rupee today gained 16 paise to 55.41 against the US dollar in early trade, extending its rising streak for the third straight session at the Interbank Foreign Exchange as the American currency weakened against euro overseas.


Sensex down nearly 85 points

Posted: 21 Aug 2012 09:27 PM PDT

The BSE benchmark Sensex today fell by nearly 85 points in early trade as funds and retail investors booked profits amid a weak trend on other Asian bourses.


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