Friday, November 23, 2012

Government raises Rs 800 crore via Hind Copper selloff

Government raises Rs 800 crore via Hind Copper selloff


Government raises Rs 800 crore via Hind Copper selloff

Posted: 23 Nov 2012 05:02 PM PST

The government's disinvestment programme got off to a steady start with the Centre mopping up Rs 800 crore from the sale of 5.6% stake in Hindustan Copper.


Delhi, Mumbai housing prices inch up in September quarter: Survey

Posted: 23 Nov 2012 04:58 PM PST

Delhi and Mumbai are among nine cities which have seen marginal increase in house prices in the July-September quarter with Kochi topping the chart, a latest National Housing Bank (NHB) survey showed on Friday.


Ranbaxy recalls generic version of Lipitor in US

Posted: 23 Nov 2012 04:55 PM PST

Ranbaxy neither specified the reason for the recall nor the facility where the recalled products were manufactured.


Jet stock soars 16% on stake sale talk

Posted: 23 Nov 2012 04:52 PM PST

Jet Airways is the world's second best-performing airline stock this year, which has nearly tripled this year after Indonesia Air Transport PT, which has gained four-fold in Jakarta.


Pay 5 paise per SMS to Vodafone, Aircel told

Posted: 23 Nov 2012 04:44 PM PST

The telecom disputes tribunal on Friday directed Aircel to pay SMS termination fee of 5 paise per message to Vodafone till the matter is finally resolved by it.


India operations can’t depend just on Figo: Ford MD

Posted: 23 Nov 2012 04:37 PM PST

The company now faces its biggest test ever in the market as it prepares to launch a global product it has been working hard on — the Eco Sport mini SUV.


Tata Steel cuts 900 jobs in UK

Posted: 23 Nov 2012 04:32 PM PST

Tata Steel is cutting 900 jobs around Britain. 600 of these will perish in plants in Wales. Other job cuts include 155 in Yorkshire, 120 in the West Midlands and 30 on Teesside.


EU’s trillion-euro budget summit fails

Posted: 23 Nov 2012 04:31 PM PST

Talks on the European Union's trillion-euro budget ended in deadlock on Friday as leaders of the bloc's 27 member states failed to overcome seemingly irreconcilable differences on how to reduce spending.


Tata Steel to cut more jobs in Europe

Posted: 23 Nov 2012 06:24 AM PST

Tata Steel will cut as many as 900 jobs in the UK as part of major restructuring of European operations to make the company an "all-weather" steel producer. The new cuts come after the company slashed 2,000 jobs earlier.


Forex reserves down to $293.53 billion

Posted: 23 Nov 2012 05:57 AM PST

The foreign exchange reserves slipped marginally by $ 32.7 million to USD 293.53 billion, the Reserve Bank said today.


Honda's first diesel car 'Amaze' to be launched

Posted: 23 Nov 2012 04:40 AM PST

Honda India will make a debut in the diesel car market with the Amaze sedan, a car that will compete with models like Maruti Suzuki Dzire and Tata Indigo CS.


Govt restricts what IKEA can sell in India

Posted: 23 Nov 2012 04:29 AM PST

The government has placed tight restrictions on what IKEA can sell in the country, in what would be the latest hitch for the furniture seller as it plots 1.5 billion euros expansion there, newspapers reported.


Rupee at its lowest since September

Posted: 23 Nov 2012 03:48 AM PST

The rupee extended its fall in late trade on Friday to hit its lowest level since early September on the back of sustained dollar demand from oil refiners.


Honda's first diesel car 'Amaze' to be launched

Posted: 23 Nov 2012 03:39 AM PST

Honda India will make a debut in the diesel car market with the Amaze sedan, a car that will compete with models like Maruti Suzuki Dzire and Tata Indigo CS.

Honda's first diesel car 'Amaze' to be launched

Posted: 23 Nov 2012 03:39 AM PST

Honda India will make a debut in the diesel car market with the Amaze sedan, a car that will compete with models like Maruti Suzuki Dzire and Tata Indigo CS.


Sensex closes with loss of 11 points

Posted: 23 Nov 2012 03:18 AM PST

Erasing initial gains, the BSE benchmark Sensex today closed with a moderate loss of 11 points as investors turned cautious ahead of the all-party meeting on the government decision to allow foreign direct investment in retail trade.


Budget clash leaves EU summit close to failure

Posted: 23 Nov 2012 01:45 AM PST

The prospect of failure hangs over a European Union leaders' summit intended to lay out the 27-country bloc's long-term spending plans.


RBI to replace Rs 10 note with coins

Posted: 23 Nov 2012 01:32 AM PST

The Reserve Bank of India plans to gradually replace all Rs 10 bank notes with coins as life of the paper note is only about 9-10 months, the Lok Sabha was informed on Friday.


Gold moves up in futures trade on global cues

Posted: 22 Nov 2012 11:56 PM PST

Gold prices rose by Rs 76 to Rs 31,925 per 10 gm in futures trade today as speculators created fresh positions, taking a positive cues from overseas markets.


Rupee continues to decline against dollar

Posted: 22 Nov 2012 10:48 PM PST

The Indian rupee continued to decline against the dollar for the fourth consecutive day by slipping another 13 paise to 55.34 on sustained demand of the American currency from banks and importers.


Luxury cars to roll out with German precision from 2013

Posted: 22 Nov 2012 06:24 PM PST

Germany's luxury carmakers BMW, Audi and Mercedes-Benz are embarking on a two-pronged game plan to boost sales in the New Year: produce more cars locally, thereby making them more price-competitive; and, at the same time, import new models - at least a dozen between the three of them - to keep the allure of their brands going.

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