Tuesday, September 11, 2012

Mukesh Ambani revs up high street fashion play

Mukesh Ambani revs up high street fashion play


Mukesh Ambani revs up high street fashion play

Posted: 11 Sep 2012 05:13 PM PDT

Reliance Brands, which has just inked a deal with UK's fashion accessories group Dune, is expected to double the current count of 54 stores within six months amid a slowing economy.


Don't dilute sourcing norm: Vayalar Ravi

Posted: 11 Sep 2012 05:05 PM PDT

"It makes little economic sense.What is IKEA going to do that our people cannot do?" Ravi told TOI on Tuesday.


Times Internet Ltd launches BoxTV.com

Posted: 11 Sep 2012 04:59 PM PDT

Times Internet Limited (TIL) on Tuesday announced the launch of BoxTV.com, a premium video service that would allow users to stream movies, TV shows and short films directly on to their computer, smartphone or tablet.


Govt may unveil mega reform steps

Posted: 11 Sep 2012 04:49 PM PDT

A senior government official told TOI that the opening up moves are expected after Friday's agenda-heavy cabinet meeting.


Putin protects Russian state firms after Gazprom probe

Posted: 11 Sep 2012 08:32 AM PDT

President Vladimir Putin on Tuesday ordered a tough set of rules protecting the operations of Russian state firms abroad, in a belligerent response to a major EU anti-trust probe into gas giant Gazprom.


Govt approves 8 foreign pharma investments

Posted: 11 Sep 2012 07:11 AM PDT

India has approved eight foreign investments in drugmakers worth $333 million in total, signalling the finance ministry may be winning a battle to open up the country's fast-growing markets and giving a boost to global drugmakers hungry for growth.


Rupee gains 10 paise against dollar

Posted: 11 Sep 2012 05:27 AM PDT

Shrugging off initial weakness, the rupee appreciated by 10 paise to close at 55.34 on the back of robust capital inflows and a weak dollar overseas.


Sensex up for 5th day, gains 86 points

Posted: 11 Sep 2012 04:39 AM PDT

In volatile trade, the Sensex today extended its winning run for the fifth day today by rising 86 points on buying in IT, power and banking shares.


Tata Motors enters Indonesia

Posted: 11 Sep 2012 03:40 AM PDT

Homegrown auto major Tata Motors announced its foray into Indonesia with the setting up a wholly-owned Jakarta-based subsidiary and plans to launch its products in 2013.


Gold sheds Rs 50, slips from high

Posted: 11 Sep 2012 02:46 AM PDT

Gold prices fell from all-time high to Rs 32,450 per 10 grams, declining by Rs 50, in the bullion market today on reduced offtake amid a weak trend in global markets.


Peugeot in 'difficult situation': Govt report

Posted: 11 Sep 2012 01:57 AM PDT

The car maker has said it plans to cut 8,000 French jobs,close its Aulnay plant near Paris and shrink another in Rennes, in western France as it wrestles with a tough European auto market.


HDFC converts warrants worth Rs 3,285 crore

Posted: 10 Sep 2012 11:54 PM PDT

The largest mortgage player HDFC has allotted 5.47 crore shares worth Rs 3,285 crore on conversion of warrants on maturity to holders, who have made a profit of around 122% per unit.


Philips to cut 2,200 jobs by 2014

Posted: 10 Sep 2012 11:52 PM PDT

Royal Philips Electronics NV, the largest maker of lights, says it plans to cut 2,200 jobs by 2014 to save (euro) 300 million ($383 million) per year.


India Inc turns cautious with hiring plans: Survey

Posted: 10 Sep 2012 10:11 PM PDT

The pace of hiring across Indian companies is likely to slow down noticeably in the coming quarter, particularly in the public administration/education and the transportation and utilities sectors.


Sensex down 90 pts on profit-booking

Posted: 10 Sep 2012 09:25 PM PDT

The BSE benchmark Sensex fell by nearly 90 points in early trade on Tuesday after four sessions of gains on emergence of profit-booking by funds and retailers amid a weak trend in Asian markets.


Mahindra to merge IT cos, TechM?

Posted: 10 Sep 2012 07:10 PM PDT

Anand Mahindra plans to merge the information technology businesses of his $15-billion group under the Mahindra Satyam-Tech Mahindra combine, or allow the smaller entities to explore strategic options including sale or merger with an outside entity.

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