Singapore Airlines welcomes FDI reform
September 20th, 2012 - 8:10 pm ICT by IANS
New Delhi, Sep 20 (IANS) Singapore Airlines Thursday welcomed the government's decision to allow foreign direct investment in Indian carriers, but said it has no plans right now to invest ... Read more...
Posted in Business |
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 |
Auto sales remain subdued in June (Roundup)
July 2nd, 2012 - 8:02 pm ICT by IANS
New Delhi/Chennai, July 2 (IANS) Amid a general slowdown of the economy, India's major auto companies posted meagre sales for June, blamed on hikes in fuel prices and interest costs.Passenger ... Read more...
Posted in Business |
Car sales growth lowest in last seven months
June 11th, 2012 - 5:39 pm ICT by IANS
New Delhi, June 11 (IANS) Domestic passenger car sales recorded the slowest growth in the last seven months in May at 2.78 percent and stood at 1,63,229 units from 1,58,809 ... Read more...
Posted in Business |
Sales slowdown for auto companies in May (Lead)
June 1st, 2012 - 9:10 pm ICT by IANS
New Delhi/Chennai, June 1 (IANS) Amid a general slowdown of the economy, India's major auto companies posted a decline or meagre sales in May owing to hikes in fuel prices ... Read more...
Posted in Business |
Factors leading to slowdown have bottomed out: Mukherjee
May 31st, 2012 - 6:22 pm ICT by IANS
New Delhi, May 31 (IANS) Union Finance Minister Pranab Mukherjee Thursday said the Indian economy was set to recover as most of the factors leading to the sharp drop ... Read more...
Posted in Business |
India’s industrial output dips 3.5 percent in March (Roundup)
May 11th, 2012 - 8:06 pm ICT by IANS
New Delhi, May 11 (IANS) India's industrial output shrank 3.5 percent in March from a year earlier, driven by poor performance of manufacturing and mining sectors, dampening hopes of ... Read more...
Posted in Business |
Slowdown hits electrical equipment industry
May 11th, 2012 - 5:09 pm ICT by IANS
New Delhi, May 11 (IANS) The growth of India's electrical equipment industry fell to 6.6 percent in 2011-12 as compared to 13.7 percent in the previous year, industry data showed ... Read more...
Posted in Uncategorized |
Car sales to fall in 10 years despite growth in January (Lead)
February 8th, 2012 - 6:46 pm ICT by IANS
New Delhi, Feb 8 (IANS) Car sales grew for the third straight month in January by 7.2 percent, but the industry for the first time since 2002 is expected to ... Read more...
Posted in Business |
Sensex closes 85 points up, Bharti drags (Roundup)
February 8th, 2012 - 6:24 pm ICT by IANS
Mumbai, Feb 8 (IANS) A benchmark index for Indian equities markets managed to close 85 points higher Wednesday, even though telecom heavy weight Bharti Airtel, which reported disappointing quarterly ... Read more...
Posted in Business |
Bharti Airtel’s quarterly net profit declines 22.4 percent (Lead)
February 8th, 2012 - 2:22 pm ICT by IANS
New Delhi, Feb 8 (IANS) Telecom major Bharti Airtel Wednesday reported a 22.4 percent decline in consolidated net profit at Rs.1,011.3 crore for the quarter ended Dec 31 owing to ... Read more...
Posted in Sci-Tech |
Hero Motocorp’s Q3 net profit up 43 percent
January 19th, 2012 - 7:57 pm ICT by IANS
Mumabi, Jan 19 (IANS) Two-wheeler major Hero Motocorp Thursday reported a 42.89 percent increase in its net profit for the third quarter ended Dec 31 at Rs.613.03 crore from Rs.429 ... Read more...
Posted in Business |
Oil firms cut jet fuel prices by 1.38 percent (Lead)
December 15th, 2011 - 10:04 pm ICT by IANS
New Delhi, Dec 15 (IANS) State-owned oil marketing companies (OMCs) Thursday pared jet fuel prices by 1.38 percent or Rs.833 per kilo litre (kl), effective from Dec 16.With this, ... Read more...
Posted in Business |
Renault to increase prices of Koleos
December 14th, 2011 - 5:57 pm ICT by IANS
Chennai, Dec 14 (IANS) Renault India Wednesday said it will raise the price of its recently launched sports utility vehicle (SUV) Koleos from Rs.22.99 lakh to Rs.23.99 lakh from Jan ... Read more...
Posted in Uncategorized |
Auto sales up 22.2 percent in November
December 8th, 2011 - 5:06 pm ICT by IANS
New Delhi, Dec 8 (IANS) Despite high input costs, fuel price hikes and rising interest rates, the Indian automobile sector's November sales grew by 22.22 percent at 1,489,714 units from ... Read more...
Posted in Business |
Hyundai to increase car prices from January
December 7th, 2011 - 4:55 pm ICT by IANS
New Delhi, Dec 7 (IANS) Automobile major Hyundai Motor Wednesday said it will hike prices by 1.5 percent to two percent across models from January 2012."The price increase will come ... Read more...
Posted in Business |
Oil firms increase jet fuel price by 3.70 percent
November 30th, 2011 - 11:09 pm ICT by IANS
New Delhi, Nov 30 (IANS) State-owned oil marketing companies (OMCs) Wednesday increased the prices of aviation turbine fuel (ATF) by 3.70 percent, effective from Dec 1.The ATF at Delhi's IGI ... Read more...
Posted in Business |
Indian electrical equipment industry’s Q2 growth slows
November 11th, 2011 - 11:31 pm ICT by IANS
New Delhi, Nov 11 (IANS) India's electrical equipment industry grew at a slower 4.4 percent during the second quarter of 2011-12 ended Sep 30 against 13.82 percent in the previous ... Read more...
Posted in Business |
Hyundai Motor’s October sales down 7.5 percent
November 1st, 2011 - 7:25 pm ICT by IANS
New Delhi, Nov 1 (IANS) Automobile major Hyundai Motor Tuesday reported a decline of 7.5 percent in its cumulative sales for October at 48,325 units from 52,217 units in the ... Read more...
Posted in Business |
Maruti Suzuki to buy land in Gujarat for unit
October 29th, 2011 - 6:01 pm ICT by IANS
Mumbai, Oct 29 (IANS) Automobile giant Maruti Suzuki Saturday said it will buy land in Gujarat for setting up new manufacturing facilities."The board granted approval to purchase land in ... Read more...
Posted in Uncategorized |
Reliance Industries net profit rises 15.8 percent
October 15th, 2011 - 6:32 pm ICT by IANS
Mumbai, Oct 15 (IANS) Mukesh Ambani-led Reliance Industries Saturday said its net profit for the quarter ended Sep 30 had risen 15.8 percent at Rs.5,703 crore compared to Rs.4,923 crore ... Read more...
Posted in Business |
Manufacturing sector to slow down: Surveys
September 11th, 2011 - 3:00 pm ICT by IANS
New Delhi, Sep 11 (IANS) Rising input and interest costs will slow the manufacturing sector's growth in the coming quarters of fiscal 2011-12, leading industry lobbies said Sunday.A survey conducted ... Read more...
Posted in Business |
SIAM hopes auto sales will pick up from mid-September
September 2nd, 2011 - 9:03 pm ICT by IANS
New Delhi, Sep 2 (IANS) Automobile sales in India are expected to pick up from mid-September as a precursor to the festive season, the Society of Indian Automobile Manufacturers (SIAM) ... Read more...
Posted in Business |
August auto sales slump on high fuel, interest costs (Roundup)
September 1st, 2011 - 8:09 pm ICT by IANS
New Delhi/Chennai, Sep 1 (IANS) The Indian automobile sector Thursday reported dismal sales for August, as demand continued to be hit by high interest costs and fuel rises.Sales of Maruti ... Read more...
Posted in Business |
Fuel, loan interest payment causes for Air India’s losses: Ravi
August 4th, 2011 - 12:45 am ICT by IANS
New Delhi, Aug 3 (IANS) Civil Aviation Minister Vayalar Ravi Wednesday blamed rising fuel prices, falling yields coupled with high interest rate and the very high employee-aircraft ratio as ... Read more...
Posted in Business |
Air India will turnaround, once revival plan takes off: Vayalar Ravi
June 14th, 2011 - 9:07 pm ICT by IANS
New Delhi, June 14 (IANS) Beleaguered national carrier Air India will soon turn the corner once a revival plan, to be presented to the cabinet in a couple of ... Read more...
Posted in Business |
Mahindra & Mahindra net profit rises 6.36 percent
May 30th, 2011 - 9:15 pm ICT by IANS
Mumbai, May 30 (IANS) Mahindra & Mahindra Ltd Monday reported 6.36 percent increase in net profit at Rs.606.54 crore for the quarter ended March 31 as against Rs.570.26 crore during ... Read more...
Posted in Business |
Ratings reduce borrowing costs of SMEs: Crisil
April 19th, 2011 - 7:01 pm ICT by IANS
New Delhi, April 19 (IANS) A good rating enhances access to funds and reduces borrowing costs of small and medium enterprises by upto 1.25 percent, Credit Rating and Information Services ... Read more...
Posted in Business |
Reliance Communications raises $255 mn for part-finance of 3G loan
January 18th, 2011 - 6:29 pm ICT by IANS
Mumbai, Jan 18 (IANS) Reliance Communications (RCom), part of the Reliance Anil Dhirubhai Ambani group, Tuesday said it has raised $255 million (Rs.1,155 crore) through external commercial borrowings for partly re-financing ... Read more...
Posted in Business |
China plans wider monetary policy reform
January 5th, 2011 - 2:47 pm ICT by IANS
Beijing, Jan 5 (IANS) China's central bank plans to begin this year a monthly review of banks' required reserves as part of wider monetary policy reform, it was revealed here Wednesday. Banks ... Read more...
Posted in Business |
Reliance Communication to get $1.93 bn from China Bank
December 15th, 2010 - 9:20 pm ICT by IANS
Mumbai, Dec 15 (IANS) Reliance Communication, part of the Anil Ambani Group, Wednesday signed an agreement with China Development Bank (CDB) for providing the India telecom major loans worth $1.93 billion. The ... Read more...
Posted in Business |
Miguel Ferrer sued
March 16th, 2010 - 3:00 pm ICT by Sampurn Wire
March 16, 2010 (Sampurn Wire): George Clooney's actor cousin Miguel Ferrer is in trouble. The RoboCop actor took a loan of $150,000 from America's City National Bank in April 2009 but ... Read more...
Posted in Entertainment |
Year of turbulence for Indian carriers (Flashback 2009)
December 24th, 2009 - 1:37 pm ICT by IANS
By Sanjay Singh
New Delhi, Dec 24 (IANS) The Indian aviation industry encountered some turbulent weather in 2009, being hit not just by falling traffic and revenues, but also high fuel costs, high ... Read more...
Posted in Business |
Tata Motors Q1 gross revenue Rs.16954 cr
August 31st, 2009 - 8:49 pm ICT by IBNS
Mumbai / Kolkata, Aug 31 (IBNS) Tata Motors today reported consolidated gross revenue of Rs.16,953.63 crores for the quarter ended June 30, 2009, of the financial year 2009-10.
The consolidated financial performance ... Read more...
Posted in Business |
Orchid Pharma buys its bonds to save on interest cost
March 31st, 2009 - 5:47 pm ICT by IANS
Chennai, March 31 (IANS) The city-based bulk drug manufacturer Orchid Chemicals and Pharmaceuticals has purchased $12.1 million worth of bonds from the market and is in the process of extinguishing them to ... Read more...
Posted in Business |