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FDI in aviation boosts airlines’ stocks


September 17th, 2012 - 11:24 pm ICT by IANS
Mumbai, Sep 17 (IANS) Scrips of major domestic airlines soared Monday after the government allowed foreign investments by international airlines into domestic airline industry.Scrip of the cash-strapped Kingfisher Airlines touched ... Read more...

Posted in Business |

Inflation to be high till fiscal consolidation is complete: Experts


September 17th, 2012 - 11:23 pm ICT by IANS
Chennai, Sep 17 (IANS) The Reserve Bank of India (RBI) has decided to wait till the effects of current fiscal consolidation is complete before tweaking the policy rates, a top ... Read more...

Posted in Business |

SBI profit more than doubles to Rs.3,751.56 crore


August 10th, 2012 - 4:13 pm ICT by IANS
Mumbai, Aug 10 (IANS) The country's largest lender State Bank of India (SBI) Friday said its net profit more than doubled to Rs.3,751.56 crore for the quarter ended June ... Read more...

Posted in Business |

BGR Energy’s Q1 sales and net profit down


August 3rd, 2012 - 8:08 pm ICT by IANS
Chennai, Aug 3 (IANS) City-based engineering, procurement and construction (EPC) company BGR Energy Systems closed the first quarter of the current fiscal with lower sales and profit as compared to ... Read more...

Posted in Business |

In a subdued auto market, Asian companies log growth in July (Roundup)


August 1st, 2012 - 9:01 pm ICT by IANS
Chennai, Aug 1 (IANS) Even as the demand for automobiles remains subdued owing to high interest rates, rising fuel costs and uncertain economic conditions, Asian vehicle makers in general maintained ... Read more...

Posted in Business |

Hero Motocorp’s scrip down 7 percent


May 3rd, 2012 - 3:25 pm ICT by IANS
Mumbai, May 3 (IANS) An expected slowdown in the automobile industry coupled with increased competition dampened investor sentiments on Hero MotoCorp's scrip, which fell by 6.99 percent in Thursday's ... Read more...

Posted in Business |

Banks expected to pass on cost savings to borrowers


April 17th, 2012 - 7:27 pm ICT by IANS
Chennai, April 17 (IANS) The cut in reverse purchase (repo) rate by 50 basis points by the Reserve Bank of India (RBI) Tuesday would reduce the cost of funds for ... Read more...

Posted in Business |

Policy on import of jet fuel silent on logistics: Experts


February 7th, 2012 - 7:59 pm ICT by IANS
New Delhi, Feb 7 (IANS) Airlines welcomed the decision of a ministerial panel to allow direct import of fuel, but aviation experts said several questions remained unanswered, particularly on ... Read more...

Posted in Business |

Aviation stocks rally after direct jet fuel import allowed


February 7th, 2012 - 5:06 pm ICT by IANS
Mumbai, Feb 7 (IANS) Scrips of three listed domestic carriers -- Jet Airways, Kingfisher Airlines and SpiceJet -- rallied after the government Tuesday allowed airlines to import jet fuel ... Read more...

Posted in Business |

Court ruling will lead to consolidation, fresh investment (Lead)


February 2nd, 2012 - 9:47 pm ICT by IANS
New Delhi, Feb 2 (IANS) The cancellation of 122 telecom licences by the Supreme Court Thursday would lead to clarity in the telecom policy framework, encouraging investment and accelerating growth ... Read more...

Posted in Business |

Consolidation to happen in mobile telephony sector: Analysts


February 2nd, 2012 - 4:15 pm ICT by IANS
Chennai, Feb 2 (IANS) The Supreme Court's order Thursday cancelling 122 telecom licences issued by the UPA government will result in consolidation by existing players and freeing of pricing power ... Read more...

Posted in Sci-Tech |

Gold sales up on Dhanteras despite high prices


October 24th, 2011 - 5:43 pm ICT by IANS
New Delhi, Oct 24 (IANS) Gold sales were high on the auspicious day of Dhanteras Monday as buyers flocked to jewellery stores despite the high prices of the precious metal."The ... Read more...

Posted in Business |

SpiceJet stock down 5 percent on reports of high attrition


August 24th, 2011 - 7:36 pm ICT by IANS
New Delhi, Aug 24 (IANS) The shares of SpiceJet closed over five percent down Wednesday on reports that some 100 staff, including pilots and cabin crew, have quit in ... Read more...

Posted in Business |

Overseas funds bought Indian stocks worth $282 mn during week


July 31st, 2011 - 4:12 pm ICT by IANS
Mumbai, July 31 (IANS) Overseas funds have been net buyers in the Indian market to the tune of over $282 million (about Rs.1,250 crore) in the week ended June ... Read more...

Posted in Business |

Auto stocks slip as traders worry over slack sales


July 16th, 2011 - 5:13 pm ICT by IANS
Mumbai, July 16 (IANS) Automobile stocks closed lower this week, reflecting worries of traders over a slowdown in the sector with sales growth rising only about 12 percent in June.The ... Read more...

Posted in Business |

Share-broking firm owner’s wife found dead in Gurgaon


July 6th, 2011 - 1:18 am ICT by IANS
Gurgaon, July 5 (IANS) A married woman, who had accused her husband of having an extra-marital affair, was found dead at her home Tuesday, police said. Her family members alleged ... Read more...

Posted in Uncategorized |

Foreign funds pumped in over $1.5 billion in March


April 3rd, 2011 - 4:52 pm ICT by IANS
Mumbai, April 3 (IANS) Foreign funds were a key to the March rally of key benchmark indices at Indian equities markets as they lapped up stocks worth over $1.5 ... Read more...

Posted in Business |

Budget focuses on farm sector: Analysts


February 28th, 2011 - 5:13 pm ICT by IANS
Chennai, Feb 28 (IANS) In his union budget Finance Minister Pranab Mukherjee has given thrust to improving infrastructure, farmers' development and raising agricultural productivity, say research analysts."Overall, it is a welcome ... Read more...

Posted in Business |

Apollo Tyres ups new plant investment to Rs.2,100 crore (Lead)


January 11th, 2011 - 7:08 pm ICT by IANS
Chennai, Jan 11 (IANS) Apollo Tyres signed a supplementary memorandum of understanding (MoU) with the Tamil Nadu government here Tuesday to scale up its investment in a new plant at Oragadam near ... Read more...

Posted in Business |

Sensex back at 2008 January levels, bulls rejoice (Roundup)


September 13th, 2010 - 7:25 pm ICT by IANS
Mumbai, Sep 13 (IANS) Backed by global cues, Indian equity markets witnessed a bull run Monday, with a benchmark index gaining more than 408 points to zip past the 19,000 mark, ... Read more...

Posted in Business |

Markets welcome budget, Sensex ends 175 points up (Second Lead)


February 26th, 2010 - 7:32 pm ICT by IANS
Mumbai, Feb 26 (IANS) Reacting positively to the budget, a barometer for India's equities markets shut shop 175 points higher Friday, though it failed to hold on to its intra-day highs. The ... Read more...

Posted in Business |

Car sales rise 32 percent


February 9th, 2010 - 2:54 pm ICT by IANS
New Delhi, Feb 9 (IANS) Car sales grew at 32 percent in January over the like period last year with financiers providing cheap loans to attract customers, says a Society of Indian ... Read more...

Posted in Business |

First weekly loss of Sensex this year, sheds 694 points (Weekly market review)


January 23rd, 2010 - 2:25 pm ICT by IANS
Mumbai, Jan 23 (IANS) A benchmark index of Indian equities lost 694 points this week, ending the week in red for the first time this year with domestic and foreign traders ... Read more...

Posted in Business |

Bulls came storming back to Indian equities markets (Flashback 2009)


December 31st, 2009 - 7:39 pm ICT by IANS
By James Jose Mumbai, Dec 31 (IANS) Putting behind the worst annual performance ever, Indian equities were on a roll in 2009, catapulting a key index by more than 80 percent, to ... Read more...

Posted in Business |

Sensex ends year on a high, best performance in 18 years (Roundup)


December 31st, 2009 - 6:21 pm ICT by IANS
Mumbai, Dec 31 (IANS) Indian equities markets closed the year in style, with a benchmark index adding over 120 points Thursday in what has been its best performance in 18 years. The ... Read more...

Posted in Business |

India logs 26 percent spurt in car sales (Lead)


September 8th, 2009 - 8:06 pm ICT by IANS
New Delhi, Sep 8 (IANS) Even as auto companies worldwide are in a slump, India saw a 25.59 percent growth in the sale of passenger cars in the domestic market in August, ... Read more...

Posted in Business |

Domestic car sales up nearly 26 percent (Lead)


September 8th, 2009 - 7:08 pm ICT by IANS
New Delhi, Sep 8 (IANS) After a period of gloom, the auto industry bounced back in August, registering a 25.59 percent growth in domestic passenger car sales, as compared to the year-ago ... Read more...

Posted in Business |

Poor monsoon prompts selling, Sensex slides (Roundup)


August 10th, 2009 - 6:21 pm ICT by IANS
Mumbai, Aug 10 (IANS) Fears of deficient monsoon rains hampering India's economic turnaround prompted investors to push the sell button at the equities markets Monday, forcing a key index to move ... Read more...

Posted in Business |

Car sales jump 31 percent in July (Lead)


August 10th, 2009 - 5:20 pm ICT by IANS
New Delhi, Aug 10 (IANS) Domestic car sales shot up by nearly 31 percent to cross 115,000 units in July, from about 88,000 units in the same period a year ago, an ... Read more...

Posted in Business |

Sensex slips 870 points as budget disappoints (Roundup)


July 6th, 2009 - 6:40 pm ICT by IANS
Mumbai, July 6 (IANS) In its worst performance in recent weeks, a key index of the Indian equities markets ended trade Monday nearly 870 points down from its last closing figure, ... Read more...

Posted in Business |

Sensex slips further, down 138 points (Lead)


June 8th, 2009 - 1:07 pm ICT by IANS
Mumbai, June 8 (IANS) Indian equities markets went on a correction mode within about an hour of trading Monday morning with a key index shedding 116 points from its last closing ... Read more...

Posted in Business |

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