depreciation

Toyota Kirloskar closes August with 20 percent sales growth


September 1st, 2012 - 5:11 pm ICT by IANS
Chennai, Sep 1 (IANS) Japanese-Indian joint venture Toyota Kirloskar Motor continued its robust growth last month logging 20 percent rise in sales over the figures of the corresponding month last ... Read more...

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Tata to take ‘Himalayan’ water brand to new markets


August 31st, 2012 - 11:55 pm ICT by IANS
Kolkata, Aug 31 (IANS) Tata Global Beverages, a part of the Tata Group, Friday said it is working on increasing the penetration of its 'Himalayan' water brand and aiming to ... Read more...

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India’s forex reserves rise to $289.15 bn


August 11th, 2012 - 5:30 pm ICT by IANS
Mumbai, Aug 11 (IANS) India's foreign exchange (forex) reserves grew by $502.2 million to $289.15 billion for the week ended Aug 3, 2012, the Reserve Bank of India's (RBI) data ... Read more...

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India’s forex reserves rise by $1.31 billion


August 4th, 2012 - 3:39 pm ICT by IANS
Mumbai, Aug 4 (IANS) India's foreign exchange (forex) reserves grew by $1.31 billion to $288.64 billion for the week ended July 27, 2012, Reserve Bank of India data showed.The forex ... Read more...

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India’s forex reserves rise by $589 mn (Lead)


July 29th, 2012 - 6:56 pm ICT by IANS
Mumbai, July 29 (IANS) India's foreign exchange (forex) reserves grew by $589 million to $287.34 billion for the week ended July 20, central bank data showed.Foreign currency assets, the biggest ... Read more...

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India’s forex reserves rise by $589 bn


July 29th, 2012 - 4:52 pm ICT by IANS
Mumbai, July 29 (IANS) India's foreign exchange (forex) reserves grew by $589 billion to $287.34 billion for the week ended July 20, central bank data showed.Foreign currency assets, the biggest ... Read more...

Posted in Business |

Asset quality of Indian banks to weaken: S&P;


July 25th, 2012 - 3:58 pm ICT by IANS
New Delhi, July 25 (IANS) The quality of assets and earnings of banks in the emerging economies, especially India, is likely to weaken over the next 12-24 months owing to ... Read more...

Posted in Business |

Bajaj Auto’s first quarter net up one percent


July 18th, 2012 - 3:38 pm ICT by IANS
Mumbai, July 18 (IANS) Two- and three-wheeler maker Bajaj Auto Wednesday reported a marginal increase of one percent in net profit for the first quarter of the current fiscal.The net ... Read more...

Posted in Business |

China airlines’ profits decline


July 11th, 2012 - 7:27 pm ICT by IANS
Beijing, July 11 (IANS) Profits of major Chinese airline companies have declined in the first half of 2012, it was reported here Wednesday.China Southern Airlines Co. Ltd. said its net ... Read more...

Posted in Business |

India Inc has to live with dollar at Rs.50: Kaushik Basu


July 7th, 2012 - 7:58 pm ICT by IANS
Kolkata, July 7 (IANS) India Inc is suffering from sharp rupee depreciation against the US dollar, but should be "realistic" about the Indian currency's fall and learn to live with ... Read more...

Posted in Business |

Train taxi drivers to boost tourism: Study


June 24th, 2012 - 12:53 pm ICT by IANS
New Delhi, June 24 (IANS) Proper human resource development, such as training of taxi drivers and certification of tour operators, are crucial for a robust tourism industry, said a study ... Read more...

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Measures to improve market conditions Monday: Pranab (Lead)


June 23rd, 2012 - 6:44 pm ICT by IANS
Kolkata, June 23 (IANS) Finance Minister Pranab Mukherjee Saturday said he was "concerned, not depressed" over signs of weakness in the Indian economy and announced that the central government ... Read more...

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We will improve market condition: Pranab


June 23rd, 2012 - 4:46 pm ICT by IANS
Kolkata, June 23 (IANS) Finance Minister Pranab Mukherjee Saturday said he was concerned over signs of weakness in the Indian economy and announced that the central government would soon ... Read more...

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HP eyes 21.5 percent market share in consumer notebook segment


June 20th, 2012 - 6:36 pm ICT by IANS
Kolkata, June 20 (IANS) Buoyed by the launch of new ultrabook models, technology giant Hewlett-Packard (HP) is eyeing 21.5 percent market share in the consumer notebook segment in India by ... Read more...

Posted in Business |

Consumer durables prices to go up again


June 10th, 2012 - 12:34 pm ICT by IANS
New Delhi, June 10 (IANS) If you were planning to buy a refrigerator or an air conditioner this month, do it soon. Companies are about to raise the prices of ... Read more...

Posted in Business |

Export target hinges on revival of global economy: Fitch


June 5th, 2012 - 8:30 pm ICT by IANS
Chennai, June 5 (IANS) The government's target of 20 percent growth in exports during 2012-13 would depend largely on the revival of global demand, said credit rating agency Fitch Ratings.The ... Read more...

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Rupee will stabilise in around current range: Anand Sharma


June 5th, 2012 - 5:27 pm ICT by IANS
New Delhi, June 5 (IANS) The Indian rupee, which hit a record low of 56.52 against the dollar last week, is likely to stabilise soon at around the current range, ... Read more...

Posted in Business |

India’s forex reserves drop by $1.74 billion


June 2nd, 2012 - 3:43 pm ICT by IANS
Mumbai, June 2 (IANS) India's foreign exchange reserves fell by $1.74 billion to $290 billion for the week ended May 25, the Reserve Bank of India (RBI) data showed Saturday.The ... Read more...

Posted in Business |

Philips launches electric cooker, plans to localise products


May 29th, 2012 - 6:57 pm ICT by IANS
New Delhi, May 29 (IANS) Consumer electronics manufacturer Philips India Tuesday launched AirFryer, an electric cooker that fries food stuff using 80 percent less oil, at Rs.14,995."This is a first ... Read more...

Posted in Business |

Reliance Communications posts Rs.332 crore net profit


May 28th, 2012 - 8:43 pm ICT by IANS
Mumbai, May 28 (IANS) India`s second-biggest telecom service provider Reliance Communications Monday reported a 78 percent increase in net profit at Rs.332 crore for the quarter ended March 31 against ... Read more...

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India’s forex reserves drop by $1.80 billion


May 26th, 2012 - 5:31 pm ICT by IANS
Mumbai, May 26 (IANS) India's foreign exchange reserves fell by $1.80 billion to $290 billion for the week ended May 18, registering a sharp drop for the third week in ... Read more...

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Petrol price hike could have been avoided: Jayalalithaa


May 23rd, 2012 - 9:48 pm ICT by IANS
Chennai, May 23 (IANS) Slamming the central government for hiking the petrol price, Tamil Nadu Chief Minister J. Jayalalithaa Wednesday said the decision could have been avoided by sound economic ... Read more...

Posted in Politics |

Vodafone India posts 19.5 percent hike in service revenue


May 22nd, 2012 - 9:45 pm ICT by IANS
Mumbai, May 22 (IANS) Vodafone India Tuesday posted a 19.5 percent increase in service revenue at Rs.3,21,184 million during the financial year ended March 31, but said its initial public ... Read more...

Posted in Business |

Ford India expects 10 percent sales growth


May 22nd, 2012 - 9:38 pm ICT by IANS
Chennai, May 22 (IANS) Ford India Pvt Ltd, the Indian subsidiary of the US Ford Motor Company, hopes to achieve 10 percent sales growth despite difficult market conditions while completing ... Read more...

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Fuel price hike a necessity but no decision yet: Jaipal Reddy


May 22nd, 2012 - 9:19 pm ICT by IANS
Amritsar, May 22 (IANS) Petroleum and Natural Gas Minister S. Jaipal Reddy Tuesday said no decision had been taken on increasing fuel prices in the country but added that it ... Read more...

Posted in Politics |

India’s forex reserves drop by $1.37 billion


May 19th, 2012 - 6:10 pm ICT by IANS
Mumbai, May 19 (IANS) India's foreign exchange reserves declined by $1.37 billion to $291.80 billion for the week ended May 11, largely due to drop in the value of core ... Read more...

Posted in Business |

SBI to approach Moody’s for review and re-rating


May 18th, 2012 - 10:26 pm ICT by IANS
Kolkata, May 18 (IANS) The country's biggest lender State Bank of India (SBI) is mulling to approach global credit ratings firm Moody's Investors Services to "review" its ratings, its ... Read more...

Posted in Business |

Bajaj Auto’s fourth quarter net profit down 45 percent


May 17th, 2012 - 3:58 pm ICT by IANS
Mumbai, May 17 (IANS) Two- and three-wheeler major Bajaj Auto Thursday reported a decline of 44.87 percent in its net profit for the fourth quarter of last fiscal which stood ... Read more...

Posted in Business |

Ashok Leyland net in 2011-12 down by 10 percent


May 14th, 2012 - 10:52 pm ICT by IANS
Chennai, May 14 (IANS) Hit by higher finance cost, increased depreciation and a muted market in its southern strongholds, Hinduja group's flagship company Ashok Leyland posted around 10 percent reduction ... Read more...

Posted in Business |

India’s forex reserves fall by $2.187 billion


May 12th, 2012 - 5:07 pm ICT by IANS
Mumbai, May 12 (IANS) India's foreign exchange (forex) reserves declined by $2.187 billion to $293.17 billion for the week ended May 4, official data showed. Forex reserves had risen by ... Read more...

Posted in Business |

India’s share in global trade up: Minister


May 9th, 2012 - 3:39 pm ICT by IANS
New Delhi, May 9 (IANS) Admitting that India's trade deficit has grown, the government Wednesday said the country was still performing better than most countries and its share in global ... Read more...

Posted in Uncategorized |

BJP concerned about India’s falling forex reserves


May 7th, 2012 - 9:50 pm ICT by IANS
New Delhi, May 7 (IANS) The main opposition Bharatiya Janata Party Monday voiced concern over India's depleting foreign currency reserves, which have declined by $12.8 billion in recent years."Our ... Read more...

Posted in Business |

India’s forex reserves rise by $758.3 million


May 5th, 2012 - 3:12 pm ICT by IANS
Mumbai, May 5 (IANS) India's foreign exchange (forex) reserves rose by $758.3 million to $295.36 billion for the week ended April 27, official data showed. Forex reserves had risen by ... Read more...

Posted in Business |

Bangladesh foreign currency reserves up


May 2nd, 2012 - 8:05 pm ICT by IANS
Dhaka, May 2 (IANS) Bangladesh's foreign currency reserves rose to $10.19 billion in April after the International Monetary Fund (IMF) handed over the first instalment of its loan to the ... Read more...

Posted in Business |

Hero MotoCorp’s fourth quarter net up 20 percent


May 2nd, 2012 - 6:22 pm ICT by IANS
New Delhi/Mumbai, May 2 (IANS) Hero MotoCorp, the world's largest two-wheeler maker, Wednesday reported a 20.33 percent rise in net profit for the fourth quarter of fiscal 2011-12 at Rs.603.59 ... Read more...

Posted in Business |

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