Govt facing Rs 40k cr hole due to subsidies |
- Govt facing Rs 40k cr hole due to subsidies
- Govt facing Rs 40k cr hole due to subsidies
- India has not seen a new IT co in 10 years
- Sensex soars on European Central Bank bond buying
- AI gives away Rs 20cr/yr profit
- Investors richer by Rs 85k crore as shares surge
- Sensex jumps 337 points on global cues
- Rupee gains for second day
- China to spend $157bn to boost economy
- Huawei enters into strategic alliance with Intel
- Oil firms reverse gains; dip 3% on delay in rate hike
- 5 Indian firms among most innovative
- Rupee continues to rule firm vs dollar, up 10 paise
- Rupee up 15 paise against dollar in early trade
- Sensex zooms 287 pts in early trade
| Govt facing Rs 40k cr hole due to subsidies Posted: 07 Sep 2012 04:23 PM PDT What may add to the subsidy bill is the prospect of fertilizer subsidies topping the budget estimate of Rs 61,000 crore as the government failed to push through an increase in urea prices with the minister M K Alagari himself not keen on an increase. 
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| Govt facing Rs 40k cr hole due to subsidies Posted: 07 Sep 2012 04:23 PM PDT What may add to the subsidy bill is the prospect of fertilizer subsidies topping the budget estimate of Rs 61,000 crore as the government failed to push through an increase in urea prices with the minister M K Alagari himself not keen on an increase. 
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| India has not seen a new IT co in 10 years Posted: 07 Sep 2012 04:03 PM PDT At 70, most people who have made their name and money tend to their gardens and do good with their charitable foundations. Ashok Soota, uniquely, while doing both, still finds the motivation and energy to launch and build new companies. 
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| Sensex soars on European Central Bank bond buying Posted: 07 Sep 2012 04:03 PM PDT The European Central Bank's (ECB) decision to buy unlimited government bonds to support the struggling Eurozone economies led to a global market rally that also bolstered the sensex. 
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| AI gives away Rs 20cr/yr profit Posted: 07 Sep 2012 02:11 PM PDT The ailing carrier Air India has handed over its profitable 'aircraft ground handling' business in Thiruvananthapuram (TVM) airport and a part of the revenue earned from it to a private company in the name of a joint venture. 
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| Investors richer by Rs 85k crore as shares surge Posted: 07 Sep 2012 07:21 AM PDT Investor wealth surged by nearly Rs 85,000 crore today on all-round buying in Indian stocks after the European Central Bank announced a potentially unlimited bond-buying plan to revive Eurozone's ailing economies. 
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| Sensex jumps 337 points on global cues Posted: 07 Sep 2012 06:39 AM PDT The BSE sensex climbed 1.95 percent on Friday, its biggest single-day percentage gain since June 29, tracking strong global markets after the European Central Bank's commitment to bond-buying plan revived appetite for risk. 
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| Posted: 07 Sep 2012 06:04 AM PDT The rupee rose on Friday in line with other Asian currencies and shares, which rallied as risk appetite returned to markets after the European Central Bank put forth a bond-buying plan to help the ailing euro zone economies. 
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| China to spend $157bn to boost economy Posted: 07 Sep 2012 05:37 AM PDT China has given the green light for 60 infrastructure projects worth more than $150 billion as it looks to energise an economy mired in its worst slowdown in three years, fuelling hopes the world's growth engine may get a lift from the fourth quarter. 
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| Huawei enters into strategic alliance with Intel Posted: 07 Sep 2012 03:37 AM PDT The collaboration will include enhancing engineering cooperation and building competitive products and solutions for server, storage, data center and cloud computing. 
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| Oil firms reverse gains; dip 3% on delay in rate hike Posted: 07 Sep 2012 02:04 AM PDT Shares of oil marketing firms, BPCL, HPCL and IOC on Friday dropped by up to 3.3% after Petroleum minister S Jaipal Reddy said there are no immediate proposals to raise prices of various oil products including petrol. 
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| 5 Indian firms among most innovative Posted: 07 Sep 2012 12:03 AM PDT Larsen & Toubro, Hindustan Unilever and Infosys are among five Indian firms ranked on Forbes magazine's list of "The World's Most Innovative Companies". 
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| Rupee continues to rule firm vs dollar, up 10 paise Posted: 06 Sep 2012 11:06 PM PDT Moving in line with equity market, the rupee continued to rule firm against the American currency in late morning session by gaining 10 paise to 55.56 against dollar on sustained selling of dollars by banks and exporters. 
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| Rupee up 15 paise against dollar in early trade Posted: 06 Sep 2012 09:35 PM PDT The rupee rose by 15 paise to 55.51 against the US dollar in early trade today at the Interbank Foreign Exchange on increased capital inflows amid stronger euro overseas. 
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| Sensex zooms 287 pts in early trade Posted: 06 Sep 2012 09:27 PM PDT The BSE benchmark sensex surged over 287 points in early trade today on flurry of buying by funds and retail investors, driven by a firm trend in global markets after the European Central Bank unveiled a plan to help ailing Eurozone countries. 
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