Wednesday, October 10, 2012

Trai seeks solutions to pesky call menace

Trai seeks solutions to pesky call menace


Trai seeks solutions to pesky call menace

Posted: 10 Oct 2012 03:17 PM PDT

Unable to control the menace of pesky messages and calls, the telecom regulator on Tuesday asked operators to suggest ways to deal with the "gigantic problem" within a fortnight.


India could see rating cut, warns S&P

Posted: 10 Oct 2012 11:45 AM PDT

Global ratings agency Standard & Poor's reiterated on Wednesday that there was a significant chance that India's credit rating may be lowered if its external position deteriorated, political climate worsened or fiscal reforms slowed.


S&P threatens India of rating downgrade

Posted: 10 Oct 2012 06:06 AM PDT

Not impressed by a series of economic reforms, global agency Standard & Poor's today threatened to downgrade India's sovereign credit rating to junk grade within 24 months in absence of steps to check fiscal deficit and improve investment climate.


Citibank asked to pay Rs15L by a Consumer Forum

Posted: 10 Oct 2012 05:53 AM PDT

The Delhi State consumer forum has asked the branch manager of a bank to cough up Rs 15 lakh for divulging confidential information of an account holder.


Insurers in India need more than foreign funds

Posted: 10 Oct 2012 05:52 AM PDT

India's proposal to allow more foreign investment in its $41 billion insurance business provides a lifeline for an industry starved of capital and squeezed by regulation - but it may not pass parliament and it may not be enough.


Anti-European tide sets Britain against Brussels

Posted: 10 Oct 2012 05:41 AM PDT

A bloodied figure climbed out of a coffin and lurched across the square screaming at passers-by, as three pale-faced women dressed as witches squawked and wailed.


Rupee down 33 paise on heavy dollar demand

Posted: 10 Oct 2012 05:37 AM PDT

Tracking weak stock markets, rupee today closed below the 53-level against the dollar, first time time in nearly two weeks, amid S&P threatening to downgrade India's sovereign credit rating to junk grade within 2 years.


Sensex drops 162 points on S&P warning

Posted: 10 Oct 2012 05:28 AM PDT

Sensex closed near day's lows at 18,631.10, down 162.26 points.


Toyota recalls Altis, Camry in India

Posted: 10 Oct 2012 03:51 AM PDT

The recall will be for Altis models manufactured between July 30, 2008, and December 31, 2008, and Camry models manufactured between September 1, 2006 and July 31, 2008.


Gold gains Rs 230, silver dips Rs 450

Posted: 10 Oct 2012 03:23 AM PDT

Gold rose by Rs 230 to Rs 31,750 per 10 grams in the bullion market here on Wednesday on buying on festive buying, while silver shed Rs 450 to Rs 61,000 per kg on selling by stockists.


Cars, drinks push up French industrial production

Posted: 10 Oct 2012 01:29 AM PDT

French industrial output rose in August, bucking forecasts of a fall, largely due to a rebound in car sector production, the statistics office INSEE said on Wednesday.


Significant chance of cutting India's rating: S&P

Posted: 09 Oct 2012 11:26 PM PDT

Ratings agency Standard & Poor's warned on Wednesday about a significant chance of downgrading India's credit rating, reiterating its June stance if growth prospects and external position worsen, or fiscal reforms slow.


Car sales fall 5.4% in September

Posted: 09 Oct 2012 10:45 PM PDT

Car sales in India fell in September for the second consecutive month, an industry body said on Wednesday, as high interest rates, rising fuel costs and slowing economic growth continued to drag down demand.


Rupee down 16 paise against dollar

Posted: 09 Oct 2012 09:47 PM PDT

The rupee declined for fourth day in a row by losing 16 paise to Rs 52.88 per dollar in early trade on Wednesday, weighed down by dollar's gains overseas.


Sensex down 127 pts on Asian cues

Posted: 09 Oct 2012 09:44 PM PDT

The BSE benchmark Sensex fell by over 127 points in opening trade on Wednesday on emergence of profit selling by funds and retail investors amid a weakening trend on Asian bourses.


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