global markets

LG Electronics launches new flagship smartphone


September 18th, 2012 - 3:02 pm ICT by IANS
Seoul, Sep 18 (IANS) LG Electronics, South Korea's No.2 mobile phone-maker, launched Tuesday its newest flagship smartphone 'Optimus G' to better compete with Samsung Electronics' Galaxy devices and Apple's iPhone ... Read more...

Posted in World |

Thales, BEL to form joint venture radar company (Lead)


August 29th, 2012 - 9:26 pm ICT by IANS
New Delhi/Bangalore, Aug 29 (IANS) French aerospace and electronics major Thales Wednesday said it would form a joint venture with India's Bharat Electronics Limited (BEL) to build civilian and defence ... Read more...

Posted in Business |

Thales, BEL to form joint venture radar company


August 29th, 2012 - 6:05 pm ICT by IANS
Bangalore, Aug 29 (IANS) French aerospace and electronics major Thales Wednesday said it would form a joint venture company with state-run Bharat Electronics Limited (BEL) to build civilian and defence ... Read more...

Posted in Business |

Sensex snaps 3-week losing streak; up 359 points (Weekly market review)


August 4th, 2012 - 6:06 pm ICT by IANS
Mumbai, Aug 4 (IANS) Snapping a losing streak of three straight weeks, Indian equities markets benchmark indices gained more than two percent in the weekly trade on the back ... Read more...

Posted in Business |

Honda Motor quarterly net profit surges


July 31st, 2012 - 4:17 pm ICT by IANS
Tokyo, July 31 (IANS) Automaker Honda's profit in the second quarter this year surged to 131.72 billion yen ($1.7 billion) on brisk car sales in major global markets.For the April-June ... Read more...

Posted in Business |

Sensex falls 307 points; likely to remain volatile (Weekly market review)


July 15th, 2012 - 5:57 pm ICT by IANS
Mumbai, July 15 (IANS) Indian stock markets are likely to open volatile Monday, after the benchmark indices snapped five-week of winning spree in the previous week, on disappointing earnings ... Read more...

Posted in Business |

Bajaj KTM to introduce multiple products in superbike segment


July 13th, 2012 - 12:03 am ICT by IANS
Kolkata, July 12 (IANS) Aiming to enhance its pole position in the country's premium motorcycle space, Bajaj Auto - which has a 47 percent equity stake in the Austria-based KTM ... Read more...

Posted in Business |

PM to press for resolute action on eurozone crisis (Lead)


June 16th, 2012 - 1:36 pm ICT by IANS
New Delhi, June 16 (IANS) Ahead of his eight-day overseas tour to attend the G-20 and the Rio+20 summits in Mexico and Brazil, Prime Minister Manmohan Singh Saturday flagged ... Read more...

Posted in Environment |

Sensex rallies 175 points on rate cut hopes


June 7th, 2012 - 3:31 pm ICT by IANS
Mumbai, June 7 (IANS) A benchmark index of Indian equities markets was trading over one percent higher in the afternoon session Thursday, after registering the sharpest rally in six ... Read more...

Posted in Business |

Sensex surges 434 points on rate cut and policy push hopes (Lead)


June 6th, 2012 - 7:04 pm ICT by IANS
Mumbai, June 6 (IANS) A benchmark index of Indian equities markets surged almost three percent Wednesday, the biggest gain in almost six months, on hopes of rate cuts by ... Read more...

Posted in Uncategorized |

Depreciating rupee boon for Indian manufacturing exporters


May 29th, 2012 - 4:05 pm ICT by IANS
New Delhi, May 29 (IANS) While the depreciating rupee is giving sleepless nights to many, it is a huge opportunity for India's manufacturing exporters as their goods are now cheaper ... Read more...

Posted in Business |

Rupee rises for third day in a row


May 28th, 2012 - 8:49 pm ICT by IANS
Mumbai, May 28 (IANS) After hitting a record low of 56.40 against the dollar last week, Indian rupee strengthened for the third consecutive session Monday, helped by the Reserve Bank ... Read more...

Posted in Business |

Sensex snaps 4-week losing streak, gains 65 points (Weekly market review)


May 26th, 2012 - 6:57 pm ICT by IANS
Mumbai, May 26 (IANS) Snapping a four-week losing streak, a benchmark index of the Indian equities markets gained 65 points this week as the hike in petrol price signalled ... Read more...

Posted in Business |

Petrol prices hiked by Rs.6.28 per litre plus taxes (Lead)


May 23rd, 2012 - 8:54 pm ICT by IANS
New Delhi, May 23 (IANS) Petrol prices have been hiked by Rs.6.28 per litre, exclusive of taxes, effective midnight, it was announced here Wednesday.Petrol will cost Rs.73.14 per litre ... Read more...

Posted in Uncategorized |

Rupee slides below 56 against dollar


May 23rd, 2012 - 2:55 pm ICT by IANS
Mumbai, May 23 (IANS) The Indian rupee breached another psychological level of 56 against a dollar Wednesday, hitting a new low for the sixth session in a row.This follows ... Read more...

Posted in Business |

`Brazil ready to tackle ripple effects of eurozone crisis’


May 23rd, 2012 - 1:22 pm ICT by IANS
Rio de Janeiro, May 23 (IANS) Brazilian Finance Minister Guido Mantega has said that his country is ready to cope with any possible ripple effects the eurozone debt crisis may ... Read more...

Posted in Business |

Rupee slide continues: hits new low of 54.60 against dollar (Lead)


May 17th, 2012 - 8:22 pm ICT by IANS
Mumbai, May 17 (IANS) The Indian rupee fell to a new record intra-day low for the second session in a row Thursday, despite the Reserve Bank of India's intervention, ... Read more...

Posted in Business |

Rupee recovers from record low; Sensex up


May 17th, 2012 - 2:31 pm ICT by IANS
Mumbai, May 17 (IANS) On the back of a rebound in equity markets, the Indian rupee recovered by almost 30 paise Thursday from the previous day's record intra-day low ... Read more...

Posted in Business |

Rupee hits record low of 54.50 against dollar (Lead)


May 16th, 2012 - 7:21 pm ICT by IANS
Mumbai, May 16 (IANS) The Indian rupee slumped to a record low of 54.50 against the US dollar Wednesday with risk aversion in global markets adding to the pressure, ... Read more...

Posted in Business |

Ratings downgrade was inevitable: Wipro


April 25th, 2012 - 8:04 pm ICT by IANS
Bangalore, April 25 (IANS) Downgrading of India's sovereign rating to negative from stable by global rating agency Standard & Poor's (S&P;) was a cause for concern though inevitable due to ... Read more...

Posted in Business |

Spanish economy back in recession


April 24th, 2012 - 10:51 am ICT by IANS
Madrid, April 24 (IANS/EFE) Spain's gross domestic product shrank 0.4 percent in the first three months of this year after contracting 0.3 percent in the fourth quarter of 2011, according ... Read more...

Posted in Business |

Russia’s trade surplus up 26 percent


April 24th, 2012 - 5:08 am ICT by IANS
Moscow, April 24 (IANS) Russia's trade surplus grew by 26 percent in March year-on-year, Russian Deputy Economic Development Minister Andrei Klepach said Monday."The trade surplus in March reached $21 billion. ... Read more...

Posted in Uncategorized |

Suzlon’s arm bags orders worth $387 mn in two months


April 23rd, 2012 - 3:05 pm ICT by IANS
Mumbai, April 23 (IANS) India's wind turbine manufacturing major Suzlon Energy Monday said its group subsidiary REpower Systems has bagged cumulative orders worth $387 million across Europe over a two-month ... Read more...

Posted in Business |

BlackBerry launches new smartphone to regain market share (Lead)


April 18th, 2012 - 8:59 pm ICT by IANS
New Delhi, April 18 (IANS) Canadian mobile handsets maker Research in Motion (RIM) Wednesday launched BlackBerry Curve 9220 for the global markets in India to regain lost market share in ... Read more...

Posted in Business |

Smart phone BlackBerry Curve 922 launched in India


April 18th, 2012 - 6:00 pm ICT by IANS
New Delhi, April 18 (IANS) Canadian mobile handset manufacturer Research In Motion (RIM) Wednesday launched here a new smart phone, BlackBerry Curve 922, for the Indian and global markets.The handset ... Read more...

Posted in Uncategorized |

Infosys lowers guidance for fiscal 2013 (Lead)


April 13th, 2012 - 2:00 pm ICT by IANS
Bangalore, April 13 (IANS) India's second largest IT bellwether Infosys Ltd Friday projected a lower guidance of 15 percent growth year-on-year (YoY) for the new fiscal 2012-13 (FY 2013) on ... Read more...

Posted in Business |

Maruti Suzuki expects car sales to rise 10 percent 2012-13


April 5th, 2012 - 8:34 pm ICT by IANS
New Delhi, April 5 (IANS) Market leader Maruti Suzuki Thursday said it is expecting 10 percent growth in sales of passenger cars this fiscal on the back of a higher ... Read more...

Posted in Business |

Toyota Kirloskar Motor ships cars to South Africa


April 4th, 2012 - 7:34 pm ICT by IANS
Chennai, April 4 (IANS) Toyota Kirloskar Motor (TKM) entered the overseas market Wednesday, shipping out cars to South Africa. The company said it would export nearly 20,000 cars every year."The ... Read more...

Posted in World |

Sensex falls 111 points on weak global cues (Lead)


April 4th, 2012 - 6:23 pm ICT by IANS
Mumbai, April 4 (IANS) Indian equities markets benchmark indices closed in the red for the first time in four sessions Wednesday as some investors booked profit due to weak ... Read more...

Posted in Business |

Himachal to adopt global apple packaging norms


April 3rd, 2012 - 8:26 pm ICT by IANS
Shimla, April 3 (IANS) Himachal Pradesh, one of the country's major apple baskets, is all set to introduce global packaging norms for the fruit, Horticulture Minister Narender Bragta said here ... Read more...

Posted in Business |

Need to spur product innovation in India: Expert


March 27th, 2012 - 5:21 pm ICT by IANS
Bangalore, March 27 (IANS) Product innovation is lagging behind in India in software and hardware space as the ecosystem for driving it is still in the development stage, an industry ... Read more...

Posted in Sci-Tech |

Pfizer snaps insulin marketing deal with Biocon


March 13th, 2012 - 10:45 pm ICT by IANS
Bangalore, March 13 (IANS) US drug major Pfizer Tuesday terminated its $350-million marketing alliance with Biocon Ltd to sell the leading Indian biotech firm's diabetes treatment insulin worldwide.As a result, ... Read more...

Posted in Business |

Cheers! Karnataka to brew more wines for global markets


March 1st, 2012 - 4:29 pm ICT by IANS
Bangalore, March 1 (IANS) As India's second largest producer of grapes after Maharashtra, Karnataka is pulling out all the stops to become a preferred destination for setting up wineries to ... Read more...

Posted in Business |

RBI for more open market operations


January 30th, 2012 - 11:52 pm ICT by IANS
Chennai, Jan 30 (IANS) India's central bank is open to more open market operations to address the issue of liquidity, said a senior official Monday."We are open to more open ... Read more...

Posted in Business |

Sensex gains for third straight week, up 584 points (Weekly market review)


January 21st, 2012 - 4:05 pm ICT by IANS
Mumbai, Jan 21 (IANS) A benchmark index for Indian equities markets rallied almost four percent in this week's trade, closing in the positive for the third week in a ... Read more...

Posted in Business |

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