Posts Tagged ‘business’
Gold prices fall sharply by Rs 600, silver plunges Rs 1,590
Prices of gold tumbled by Rs 600 while silver fell sharply by Rs 1,590 a kg on the bullion market on Saturday due to heavy selling by stockists which took cues from weak global markets,590 to Rs 55,650 per kg triggered by a steep fall in overseas markets725 per cent to 33,590 to Rs 55,650 per kg and weekly-based delivery by Rs 575 to Rs [...]
2G case: Telenor may quit India after licences revoked
Norwegian cell phone operator Telenor may shut shop in India following the Supreme Court's order to cancel 123 2G licences granted under the tenure of former telecom minister A00 crore in equity and over Rs7,500 of its employees now hangs in balance However, the apex court has given four months' time to the country's telecom regulator to look [...]
Uninor, Sistema for review of Supreme Court order
Leading foreign telecom giants —Telenor of Norway and Sistema of Russia — on Friday asserted that they would take legal measures to protect their investments in Indian operations with one of them speaking of “alternative” plans to quit India2,500 crore4,000 crore in Indian services licences have been cancelled as per Thursday’s Supreme [...]
Rupee moves up marginally
The rupee on Friday rose marginally by 6 paise to trade at a fresh three-month high of Rs2 paise to close at a fresh three-month high of Rs5 against the dollar on bullish stocks amid sustained dollar selling by banks and corporates per cent, to 17,46892 in early trade today [subscribe2]
Sensex up 131 points led by IT, metal stocks
The Bombay Stock Exchange benchmark Sensex was up 131 points on Thursday on sustained buying by funds, especially in IT and metal sectors amid strong gains in the Asian region on signs of growth in major global economies317,43122 telecom licences issued to new operators in 2008, stocks of old players such as Bharti Airtel and Idea rose 688 per [...]
Google opts to return to China
American search engine Google chose to apply for license to operate in China, agreeing to abide by all the conditions imposed by the government here after its share in the burgeoning Chinese market declined to 9 per cent0 per cent while that its local rival Baidu Inc soared to 61 per cent, official media reports here said0 per cent market share, [...]
Amazon.com launches India specific online shopping service Junglee.com
Amazon2 million products from over 14,000 Indian and global brands, the Seattle-based company said in a statement Thursday The site allows shoppers to compare prices, but most actual purchases must be made through a network of third-party retailers Indians will be able to buy shoes from Reebok, computer gadgets from Microsoft India, clothes [...]
Facebook ventures into stock market
After a long wait and much speculation, Facebook filed for its IPO on Wednesday to raise a targeted $5 billion in a hotly anticipated initial public offering, setting the stage for Silicon Valley's biggest-ever IPO00 billion, making it one of the biggest US market debuts1, Facebook earned $1 billion on sales of $3, Facebook had 845 million daily [...]
Sensex up 107 points led by bluechips, auto stocks
The Bombay Stock Exchange benchmark Sensex gained 107 points on Wednesday as funds bought bluechips and auto stocks on good monthly sales amid firm trend in the European markets077,3007,06159 earlier1,839, followed by capital goods index that gained 20,095 pc, Tata Motors — 203 pc and Ashok Leyland — 420 pc Jindal Steel, L&T, Sterlite, [...]
Mahindra Satyam posts over 4-fold jump in Q3 profit
IT firm Mahindra Satyam on Wednesday reported a whopping four-fold increase in profit after tax to Rs, 2011,718 crore in the third quarter, 34 per cent higher year-on-year, 2011 a net addition of 188 employees quarter-on-quarter6 per cent in Q3, down from 25 per cent in the corresponding period last year [subscribe2]
Gold prices snap four-day rally, silver sheds Rs. 700
Snapping its four-day rally, gold prices fell by Rs0 gram in the bullion market in New Delhi on Wednesday, while silver shed Rs00 pieces on sluggish demand,7410 gram, respectively0 per kg [subscribe2]
New Swift Dzire petrol priced at 4.79 lakh, diesel at 5.80 lakh
Maruti Suzuki India today rolled out a shorter version of its entry-level sedan DZire at an introductory price between Rs 40% enjoyed by small cars as it is shorter than 4 metres50 new features compared to the existing one,200 cc in petrol and 1,500 cc in diesel qualify as small cars5,0009 lakhs Diesel variant: LDI: 5 lakhs ZDI: 709 [...]
Sensex gains 330 points on buying in blue chips
The BSE Sensex rose 330 points on Tuesday, regaining much of the lost ground of the previous session, on buying in blue chips such as Reliance Industries and SBI on increased FII inflows and a firm global trend points on Monday on profit-booking, spurted 3307,193119917 per cent after a loss of over 3 per cent on Monday1,39089 and Wipro by 088 per [...]
Bajaj unveils new Pulsar 200NS
Leading motorcycle player Bajaj Auto on Monday unveiled a new model of its popular bike brand Pulsar lakh," Bajaj Auto Managing Director Rajiv Bajaj told reporters here The model will have cutting-edge engine which sets new benchmarks in performance, emission and incidentally, also fuel efficiency, Bajaj Auto Chief Technology Officer Abraham [...]
Economic growth revised down to 8.4% for 2010-11
The government on Tuesday revised the economic growth rate for 2010-11 financial year slightly down to 80-11 has registered a growth of 80-11," it said0-110 has been revised upward to 80-11 as against a mere 1 per cent in 2009-10, the data showed00-11 against a growth rate of 90-11 against a growth rate of 70, the quick estimates released by MOSPI [...]
Sensex up 157 points, rises fourth day on FII buying blue-chips
The Bombay Stock Exchange index Sensex on Friday rose for the fourth straight session, up 157 points on sustained buying by funds and retail investors in bluechips led by RIL amid a firm trend in the Asian markets567,23398 as heavyweights Reliance Industries and Infosys made good gains While RIL shot up 348 per cent, Infosys by 229 per cent The [...]
Food inflation in negative zone
Food inflation remained in the negative zone for the fourth week in a row, at 4, on account of cheaper vegetables7 per cent in the corresponding week of 20110 per cent, year-on-year, for the week under review, while potato prices were down 22227 per cent more expensive on an annual basis, while cereal prices were up 2 per cent4, as against 24, [...]
Maruti launches the 2012 A-Star
Maruti's small car offering, the A-Star gets a refresh for the New Year2 A-Star gets dual tone beige and black upholstery Maruti has also put in 50:50 split rear seats and more cubby holes in the cabin Airbags and ABS are now optional on the A-Star with two new colour options, Glistening Grey and Pearl Caffeine Brown [subscribe2]
Sensex closes above 17k-level after 10 weeks
The Bombay Stock Exchange benchmark Sensex on Wednesday gained 81 points to close above 17,000-point level after 10 weeks on positive investor sentiment after the Reserve Bank of India shifted focus to economic growth in its policy review on Tuesday points to close at 17,0774580 and Infosys by 1 per cent to Rs06 per cent, oil and gas 057 per cent [...]
RBI credit policy: Repo rates unchanged, CRR cut 0.5%
The Reserve Bank of India 2 from 71," said Subbarao3 times since March 2010 The market was expecting no rate hike "The growth-inflation balance of the monetary policy stance has now shifted to growth, while at the same time ensuring that inflationary pressures remain contained," RBI Governor said in his policy statement The RBI, which [...]
