‘Business News’ Archives
RBI taking steps to check rupee slide: Pranab
Attributing the slide in rupee value to various domestic and global factors, Union Finance Minister Pranab Mukherjee on Sunday said the Reserve Bank was taking steps to arrest the currency's depreciation1-123 per cent against the dollar driven by a combination of deteriorating global risk sentiment and weak domestic fundamentals The rupee had [...]
No rollback in Petrol Prices: IOC Chairman
Oil companies have ruled out any roll back in the prices of petrolst of June, when the companies review the prices in a cyclic modest and 16th of every month on the basis of average international price and exchange rate in the previous fortnight6 and December 1 after the November 4 petrol price hike last year00% compensation as being done in the [...]
Guru Pushaya Nakshtra Offer from Delhi Postal Circle: 6.5 % off on Price of Gold
Delhi Postal Circle has announced a special discount on purchase of Gold Coins of any denomination in any quantity on the eve of "Guru Pushaya Nakshtra" which falls on 26th May 2012 Post Offices in National Capital Territory 2 gm, 5 gms, 8 gms, 10 gms, 20 gms, and 50 gms for sale across the counters at all the important Post Offices These coins [...]
Novelis reports strong fiscal year 2012 results
Novelis reports strong fiscal year 2012 results Company achieves record EBITDA per tonne for FY12 Net income, excluding special items, of $218 million, up 6 per cent Y-o-Y Record EBITDA per tonne of $371, up 3 per cent Y-o-Y Adjusted EBITDA of $14 million Solid liquidity of $1 billion Increased recycled content to 39 per cent [...]
28% Growth in Profit for TVS Motor Company in FY ’12
TVS Motor Company has further consolidated its growth performance with healthy profits for the year ended 31st March 20121-12, the company expects to launch new products in 2013, thereby improving its product portfolio and increasing growth prospects2, TVS Motor Company registered a growth of 7% in sales with overall two-wheeler sales growing from [...]
Yamaha’s supersport model YZF-R15 wins prize in the, 1st edition of the prestigious India Design Mark (I Mark) Awards
India Yamaha Motor Pvt50cc sport model YZF-R15 has won the coveted India Design Mark 0 applicants, 31 were awarded the I Mark, and the Yamaha YZF-R15 was one of four products from three Japan-based companies to receive the coveted award5 has received1 only added more to an already great performing bike5 was launched in 2008 under a unique product [...]
Rupee continues downward slide, hits 56.38 per $
The rupee continued downward slide to new lows and touches 5638 against the dollar on Thursday afternoon The rupee opened weaker on Thursday and fell to a new record low almost immediately on global risk aversion, with traders waiting for the impact of India's petrol price hike on domestic equities for further direction Despite steps taken by [...]
Huge hike in fuel prices, petrol price raised by Rs 7.50 a litre
Petrol prices have been increased steeply by Rs 74 per litre0 but rates were last increased on November 4 last year4 per cent and 7 per cent fall in value of rupee against the US dollar4 after hike Mumbai -- Rs 706 after hike Kolkata -- Rs 7003 -- Rs 7753 Chennai -- Rs 6955 -- Rs 7705 Pune -- Rs 7076 -- Rs [...]
GSPA Singned between Gail and Turkmengaz for TAPI Pipeline Project
Let’s Seize Moment in History and Make TAPI Gas Pipeline A Reality at the Earliest: Jai Pal Reddy In a significant development towards realisation of the trans-national gas pipeline project-Turkmenistan-Afghanistan-Pakistan-India 5th Steering Committee of Ministers of the TAPI project0 and thereafter, in steadfastly supporting and guiding the [...]
Strong faith in resilience of Indian Economy: FM
The Union Finance Minister Pranab Mukherjee has said that he has strong faith in the resilience of the Indian economy1 batch here today The Finance Minister Shri Mukherjee urged the IES officers to dedicate themselves fully to the service of the people of the country He said that a positive approach would help them in building their career [...]
Rupee breaches 56-mark against dollar
The rupee breached the 56-mark against US dollar to touch a new low on Wednesday2:40 pm, the partially convertible rupee was at 5599 per dollar, after hitting a new record low at 56, sharply below its Tuesday's close of 5540 The euro stayed pinned near recent four-month lows while domestic stocks were down more than half a per [...]
Tech Mahindra inaugurates its 6th SEZ facility today
Re-affirms its growth strategy and ambition to maintain category leadership, bolstered by the merger announcement with Mahindra Satyam in March 2012 Tech Mahindra, a global systems integrator and business transformation consulting services firm exclusively focused on the telecommunications industry, announced the launch of its new delivery and [...]
Service Camp for Tata Venture owners
Tata Venture Service Camps to be held from 24th - 26th May, 2012 The Tata Venture Care Camp offers free vehicle check-ups and discounts on labour & spare parts Tata Motors will soon launch a nation-wide service camp for Tata Venture owners called Tata Venture Service Camp2, across 281 Tata Motors authorised dealerships in the country0% [...]
Audi introduces Audi CarLife – Advance in India
• All benefits of leasing coupled with the ownership privilege • Fully integrated product: Car financing, service plan, insurance and extended warranty • Covers the Audi A4, Audi A6 and Audi Q5 • “With Audi CarLife - Advance, our customers can enjoy maximum convenience as these services can be bundled under single monthly payment,” [...]
Eurozone crisis has impacted Indian economy: Pranab
The rupee hit another lifetime low on Tuesday afternoon, falling to 550:05 a00 per dollar, rebounding from that record low and strengthening from its close of 5504 on Monday At the time, traders said some exporters were selling dollars in the market, limiting a steeper fall, but the overall bias is still towards a weaker rupee The bounce [...]
New U, Daburs Beauty Retail Business Announces Expansion
Opens two flagship high-street stores in Delhi New stores located at Khan Market & Defence Colony New U, the beauty retail expert from the House of Dabur, is further strengthening its position as the beauty store of choice for shoppers in South Delhi,200 sq ft, the two stores have the largest range of beauty care products from across [...]
JetPrivilege inks partnership with India Today magazine and Fairmont Hotels & Resorts
Jet Airways' JetPrivilege, India's largest frequent flyer programme, has entered into a partnership with India Today Magazine and Fairmont Hotels & Resorts in an endeavor to offer its members an enhanced lifestyle experience JetPrivilege members will now enjoy exclusive discounts as well as the chance to earn JPMiles when they subscribe to [...]
RBI warning on phishing mail
It has come to the notice of the Reserve Bank of India that an email has been sent in its name from mail id: alert@rbishe properly logs into internet banking every time'or try to download it on their computer It could be a phishing mail and downloading the attachment could result in identity theft [subscribe2]
Rupee at new low, breaches 55 vs US dollar
The rupee on Monday fell to an all-time low of 5505 to the dollar, breaching a key psychological mark, and closed after recovering only marginally at 5503 The local unit resumed lower at 5470 a dollar at the Interbank Foreign Exchange Forex Market and plunged to a new all-time low of 5503 against the US dollar Traders saw no signs of RBI [...]
Falling rupee a concern; Centre not sitting idle: Pranab
Finance Minister Pranab Mukherjee said on Sunday that the steep fall in the rupee was a matter of great concern and the Centre was trying to resolve the situation against the American currency -- the fresh all-time low it hit in the third straight session as copious fund outflows continued amid Eurozone worries Dealers said strong dollar [...]
