Friday, October 19, 2012

NTPC won't get back scrapped coal blocks

NTPC won't get back scrapped coal blocks


NTPC won't get back scrapped coal blocks

Posted: 19 Oct 2012 04:24 PM PDT

NTPC has been repeatedly telling the government that delays have been caused due to lack of clearances, problems in land acquisition and Maoist problems.


Kingfisher seeks more time from DGCA

Posted: 19 Oct 2012 04:21 PM PDT

Highly placed sources said the airline's reply had nothing concrete to offer that could allay these fears and had just sought more time to reply.


Telcos queue up for spectrum

Posted: 19 Oct 2012 04:14 PM PDT

Barring the Ambani senior, the only surprise came from Sistema Shyam that said it will not participate in bidding, a move that has got several of its customers worried.


Tatas break ice with Orient founder to clinch takeover

Posted: 19 Oct 2012 04:12 PM PDT

Indian Hotels Company (IHCL), which mounted an "unsolicited" $1.86 billion bid to buy Orient Express Hotels is banking on the latter's founder James Sherwood and other key shareholders to clinch a takeover.


Not broken India FDI rules: Walmart

Posted: 19 Oct 2012 05:50 AM PDT

US retail giant Walmart on Friday denied accusations it broke rules banning foreign investment in Indian supermarkets while the government said no formal inquiry had been ordered.


Bangalore witnesses highest NRIs hiring in Q2: Study

Posted: 19 Oct 2012 05:46 AM PDT

Bangalore has witnessed highest hiring of non-resident Indians (NRIs) professionals in the second quarter of the current fiscal, says a study.


Rupee falls to 1-month low, approaches 54-level

Posted: 19 Oct 2012 05:39 AM PDT

The rupee slumped to a one-month loss on Friday to post its biggest weekly decline in four months on the back of huge dollar buying from state-run oil and defence companies, along with demand from foreign banks.

Power, metal shares drag Sensex down by 110 pts

Posted: 19 Oct 2012 05:18 AM PDT

Sensex on Friday fell nearly 110 points on profit taking in power, metal and capital goods shares, snapping the two-day rally, amid weak global cues.


Starbucks opens first store in India

Posted: 19 Oct 2012 05:12 AM PDT

Starbucks inaugurated its first store in India in a historic building in southern Mumbai as the Seattle-based coffee giant seeks growth in a market long associated with tea drinkers.


Volvo Cars gets new CEO in Hakan Samuelsson

Posted: 19 Oct 2012 04:42 AM PDT

The board of Volvo Cars has appointed the former head of German truckmaker MAN SE, Hakan Samuelsson as its new president and CEO.


Sebi can act against Sahara over documents: SC

Posted: 19 Oct 2012 03:37 AM PDT

A bench comprising justices K S Radhakrishnan and J S Khehar said that Sebi has the duty to take action according to law for non-compliance of its order.


Railways revenue up by 25% in 6 months

Posted: 19 Oct 2012 02:26 AM PDT

Railways have posted over 25 per cent growth during the first six months of the ongoing fiscal from the freight traffic.


Railways revenue up by 25% in 6 months

Posted: 19 Oct 2012 02:26 AM PDT

Railways have posted over 25 per cent growth during the first six months of the ongoing fiscal from the freight traffic.

India, Pakistan agree to reduce trade duty to 5%

Posted: 19 Oct 2012 02:18 AM PDT

India and Pakistan have agreed on a maximum duty of five per cent for trade between the two sides, Indian High Commissioner Sharat Sabharwal said during a meeting with members of the Karachi Chamber of Commerce and Industry yesterday.


India, Pakistan agree to reduce trade duty to 5%

Posted: 19 Oct 2012 02:18 AM PDT

India and Pakistan have agreed on a maximum duty of five per cent for trade between the two sides, Indian High Commissioner Sharat Sabharwal said during a meeting with members of the Karachi Chamber of Commerce and Industry yesterday.

Indian Hotels scrip down 5% after Orient Express bid

Posted: 18 Oct 2012 11:13 PM PDT

Indian Hotels scrip slid over 5 per cent on Friday following the Tata group firm making $1.86 billion offer to acquire the US-based luxury hotels operator Orient Express.


Rupee recovers marginally; still down 24 paise

Posted: 18 Oct 2012 11:07 PM PDT

The rupee resumed lower at 53.70 per dollar as against the last closing level of 53.41 at the Interbank Foreign Exchange (Forex) market and dropped further to 53.80.


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