Wednesday, September 19, 2012

Reebok ex-MD, COO held in fraud case

Reebok ex-MD, COO held in fraud case

Reebok ex-MD, COO held in fraud case

Posted: 19 Sep 2012 04:27 PM PDT

Five executives of Reebok India, including former MD Subhender Singh Prem and ex-COO Vishnu Bhagat, who have allegedly caused losses of Rs 870 crore to the company, were arrested by the SIT of Gurgaon Police late on Wednesday evening.

Super rich of India shrank 18% in 2011: Survey

Posted: 19 Sep 2012 04:23 PM PDT

Asia-Pacific had more number of super-rich than any other region for the first time last year, but the richie-rich population in India witnessed a decline of 18% amid sagging economic situation, said a survey.

Fiat dumps Tata Motors' dealers

Posted: 19 Sep 2012 04:19 PM PDT

As it goes for a brand-revival in India, struggling carmaker Fiat has decided to lay off many of the dealers of erstwhile sales and distribution partner Tata Motors, while setting up new solo outlets.

Govt may tighten purse strings further

Posted: 19 Sep 2012 04:17 PM PDT

The market may be cheering the subsidy reduction but the finance ministry is still worried over the large amount it will have to shell out and the impact on fiscal deficit, prompting it to re-evaluate expenses.

Political uncertainty may dampen market mood

Posted: 19 Sep 2012 04:15 PM PDT

The political uncertainty gripping the nation after key UPA ally Trinamool Congress pulled out has cast its shadow on the financial markets and may moderate the rally which had been sparked off by the government's sudden reform push.

Accounts of PSU oil cos under scrutiny

Posted: 19 Sep 2012 04:14 PM PDT

The finance ministry has ordered a scrutiny of the books of oil marketing companies to see if the under-recoveries stated by them are in order or not.

Retail FDI can bring in $3 billion by 2017

Posted: 19 Sep 2012 09:59 AM PDT

"Capital expenditure in the back-end supply chain will receive a boost given the mandatory 50% investment clause," a report by Crisil Research said.

RBI mulling financial products to check gold imports

Posted: 19 Sep 2012 09:56 AM PDT

Concerned over rising gold imports, the Reserve Bank on Wednesday said it is planning to come out with financial products on the lines of gold ETFs to give options to investors to take advantage of price movement in the precious metal.

Panasonic India eyes turnover of Rs 1,200 cr

Posted: 19 Sep 2012 09:53 AM PDT

Eyeing a turnover of Rs 1,200 crore this festive season, electronics major Panasonic India said it will invest Rs 75 crore on its marketing initiative.

Fiat to complete separation from Tata by March 2013

Posted: 19 Sep 2012 04:43 AM PDT

Italian automaker Fiat will complete separation from Tata Motors in sales operations in India by March next year and plans to have 80 dealers of its own.

Gold recovers by Rs 200, silver by Rs 500

Posted: 19 Sep 2012 03:20 AM PDT

Both gold and silver recovered in the bullion market here on Wednesday on revival of buying for the wedding season amid firm global cues.

Insurance cover for Lord Ganesha rise

Posted: 18 Sep 2012 10:34 PM PDT

Lord Ganesha, who begins his annual ten-day sojourn to cities in Maharashtra on Wednesday, would be suitably insured against mishaps, and mischiefs of people he protects.

EU-India trade drops

Posted: 18 Sep 2012 10:29 PM PDT

Exports from the 27-member European Union (EU) to India dropped six per cent to 19.3 billion euro (around $25 billion) for January-June 2012.
Posted by Harshad at 9:21 PM

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