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December 3 Cabinet meet key to 3G deal (21 November 04:54) |
| An empowered group of ministers (EGoM) headed by finance minister Pranab Mukherjee wants the defence forces to vacate the committed spectrum by December 7.
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Srei unit buys 57 in Dishergarh for Rs 172 crore (21 November 03:59) |
| Of the 57% on sale in DPSC, Andrew Yule held around 15% while the rest was held by Life Insurance Corporation (30.61%) and United India Assurance (11.36%). |
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MTNL bids for licence in Oman (21 November 03:59) |
| Undeterred by its repeated failure to acquire licences or companies abroad, Mahanagar Telephone Nigam Ltd (MTNL) has now gone ahead and put in an initial bid for a licence in Oman. |
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GVK in talks to acquire LTs holding in BIAL (21 November 03:56) |
| As part of its strategy to emerge a majority stakeholder in Bengaluru International Airport (BIAL), GVK Power and Infrastructure is making quick moves to acquire the 17% stake. |
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RBI admits Vishal Retail debt plan (21 November 03:53) |
| Vishal Retail Ltd's proposal for debt recast has been admitted by the corporate debt restructuring cell of Reserve Bank of India, according to a source close to the development. |
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Honeywell open to co-development with Hindustan Aeronautics (21 November 03:49) |
| The global business jet sector has seen a 40% drop in delivery from past peak thanks to the economic slowdown. |
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Auto sector momentum may slow as stimulus packages vanish (21 November 03:46) |
| It has been particularly helpful for auto majors like Maruti Suzuki and Hyundai, which earned a sizeable chunk of revenues from European markets. |
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General Atlantic to sell Patni stake (21 November 03:46) |
| L&T Infotech, which earlier fought a stiff bidding war for Satyam, is reportedly looking at investing $150-200 million for acquisition of firms. |
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Duet may buy Berggruen land parcels (21 November 03:45) |
| Duet India Hotels, the hospitality real estate fund of Duet Group, may acquire some of the hotel sites of Berggruen Hotels in tier-II cities. |
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Corus may ally with CSN for mining (21 November 03:43) |
| The volatility in prices of these products weighs on the profit margin of the company and shrinks consolidated operating margin of the group. |
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Mundra Port to build terminal for Shell JV in Hazira (21 November 03:14) |
| The terminal will be built on a sub-concession basis, in phases, with three berths in the initial phase, Hazira Port said in a statement. |
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Commercial rentals stabilise (21 November 03:12) |
| Commercial property rentals in the central business districts (CBD) of Mumbai, Gurgaon, Noida, Chennai, Bangalore and Pune have stabilised, as business optimism has pushed demand up. |
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Cant blame futures for rise in food prices (21 November 03:12) |
| Farm futures trade has not contributed to the price rise in essential commodities in the country, minister of state for consumer affairs, food and public distribution, K V Thomas said on Fri... |
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Sebi may allow derivatives purchase in portfolio management (21 November 03:11) |
| The Securities & Exchange Board of India (Sebi) is considering allowing exchange-traded derivatives to be a part of portfolio management services (PMS), according to executive director R K N... |
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Using garden leave can help take the edge off attrition (21 November 03:07) |
| The grass is greener on the other side, human resources managers may soon start hearing, what with attrition rates starting to go up again |
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Keskar sees fare gap closing in Q4 (21 November 03:07) |
| Keskar said once fares reach the breakeven level and fly into the positive zone, the airlines will stop burning cash and will start making money from their operations. |
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Its Take 2 for take-out financing (21 November 03:06) |
| The take-out financing scheme introduced by Union finance minister Pranab Mukherjee in this year's Budget is likely to be finalised within a month. |
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Mother Indias Sukhilala is alive and kicking! (21 November 03:00) |
| My father, aged 69, was retired and staying with me. He had a credit card since the last 15 years. He expired last year in October and since January this year. |
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Banks up scrutiny on cash deals (21 November 02:52) |
| Even the Reserve Bank of India has spared no time to reiterate its know-your-customer and anti-money laundering norms.
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Reuters Summit India on recovery trail but challenges loom (20 November 11:04) |
| Internal and external security risks, corruption and India's infamous red tape are stalling infrastructure projects needed by a rapidly urbanising population of more than 1.1 billion. |
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Govt gives prime priority for the development of SME sector (20 November 10:39) |
| The percentage of growth in the advances which was at 28.50% in the year 2005 has come down to 9.07% in 2009, indicating that the banks are reluctant to provide adequate finance to SMEs. |
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Hedge fund Galleon sells its stake in Indias Edelweiss (20 November 08:41) |
| New York-based Galleon sold its complete holding of 5.27 million shares, or 7% of the Indian firm, at Rs485 ($10.4) each, Bombay Stock Exchange data showed on Friday. |
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Tata Steel completes $546-mn exchange offer for CARS (20 November 08:19) |
| Tata Steel had launched an exchange offer of new foreign currency convertible bonds for the existing $875 million Convertible Alternative Reference Securities (CARS) due 2012 on November 11,... |
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Air India offers 20 discount to senior citizens (20 November 07:58) |
| The discount offer, however, is available only on tickets purchased from the airline's reservation offices in India and on the basic fare of market fares. |
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Air India offers senior citizens 20 off (20 November 07:58) |
| The airline had earlier offered a 50% discount to the elderly in the business and economy classes in the domestic sector. |
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HAL to invest Rs25000 crore in next 10 years (20 November 06:04) |
| The chairman of the defence PSU, Ashok Nayak, said the company has an order book of more than Rs60,000 crore. |
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Sensex makes smart comeback to post 236 points gain (20 November 05:42) |
| The 30-share Sensex, which lost 265 points in the last two trading sessions, bounced back to close with a gain of 236.20 points at 17,021.85. |
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Vodafone seeks extension for India tax claim reply (20 November 04:56) |
| On October 30, India's tax department issued the notice to Vodafone over its $11.2 billion purchase of Hutchison Telecom's Indian operations in 2007. |
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Peninsula Land gets Rs275 billion rupees from Alok Realtors (20 November 04:54) |
| This is part of a Rs11 billion deal, of which Peninsula Land has already received Rs4.65 billion. |
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Gammon Infra gets Rs 85 billion order from NHAI (20 November 04:51) |
| The order which is on a build-operate-transfer basis has a concession period of 15 years, including the construction period of 2.5 years. |
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Tata Motors launches new commercial vehicles in Chandigarh (20 November 04:50) |
| The introduction of these new products-Tata 407 Pickup, Tata Super Ace and Tata EX will vitalise the sub-one-tonne to 3 tonne segment with more payload options and greater power. |
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Sony to launch new online service in 2010 (20 November 04:38) |
| Sony plans to launch a new online service to distribute movies, music, books and other content to network-capable TVs, Blu-ray players, ebooks and others in a bid to add value.
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French software cos cutting investment on developing games (20 November 04:02) |
| Google's Android has won attention in the mobile industry lately, with Motorola and Sony Ericsson choosing it for their new top models. |
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EBay completes sale of Skype (20 November 03:45) |
| EBay Inc said on Thursday it had completed its sale of its Skype unit, as it had vowed to do before the end of the year. |
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India gold buying cools off after new records (20 November 03:24) |
| Dealers said traders were stationed on the sidelines seeking lower prices to stock for the ongoing wedding season. |
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Bharti Airtel slashes mobile roaming chargesshares fall (20 November 03:17) |
| The price war, aimed at grabbing new users ahead of fresh entrants waiting in the wings, has raised concerns about the telecom firms' profitability. |
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US November auto sales could top 11 mln annual rate - GM (20 November 02:41) |
| US auto industry sales could exceed an 11 million vehicle annualized rate in November with signs the economy has continued to strengthen. |
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Wall Street drops on recovery concerns tech rout (20 November 02:00) |
| US stocks slid on Thursday as another batch of economic data pointed to the fragility of the recovery. |
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Dell results miss expectations shares drop (20 November 01:55) |
| Dell Inc's quarterly profit plunged 54 percent on lower-than-expected revenue as its sales to large businesses suffered, driving its shares down 6 percent. |
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Google PC will start in seven seconds or less (20 November 12:56) |
| New Google Inc software will start up a computer as fast as a television can be turned on. |
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BusinessWeek lays off up to 130 workers (20 November 12:29) |
| Bloomberg and McGraw executives told many BusinessWeek workers on Thursday and earlier this week that they would lose their jobs once Bloomberg buys the magazine. |
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Sensex down 118 points in opening trade on global cues (20 November 11:42) |
| The Sensex lost nearly 118 points in opening trade today on increased capital inflows by funds and retail investors. |
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Oil prices up in Asian trade but still below USD78 (20 November 10:40) |
| The reason that oil is up is probably due to the fact that many investors view pricing below USD78 a barrel as a buying opportunity. |
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Rupee down 5 paise at 4673 a dollar in opening trade (20 November 10:37) |
| The rupee depreciated marginally by 5 paise to 46.73 against the US dollar in opening trade largely on fears of fresh capital outflows. |
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HC gives Jet Sahara two months to file affidavits (20 November 04:01) |
| Both the parties had asked the court for time, so that they could file additional affidavits, after which the bench under Justice D Y Chandrachud deferred the case till January 19. |
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In healthcare we can at best play catch-up with China (20 November 03:59) |
| Dan Vasella, the chief executive of Swiss firm Novartis, which has been struggling for the last five years to secure the patent rights in India on Glivec. |
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Steelmakers see muted prices over short term (20 November 03:57) |
| While keeping their fingers crossed over a further slide in prices, steelmakers say domestic steel prices could stabilise at current levels in the third quarter. |
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Jethmalani says govt siding with Reliance Inds (20 November 03:56) |
| A bench of Chief justice K G Balalrishnan, Justices B Sudershan Reddy and P Sathasivam has been hearing appeals and cross appeals involving RIL, RNRL, NTPC, and Union government since Octobe... |
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Airtels sending tweets -- in mid air on road and by the lakeside (20 November 03:40) |
| A little birdie has been chirping a lot lately. His last 10 tweets read -- He's happy, sad, smiling, smirking, peeing, watering plants, leching, eve-teasing, drooling, sleeping. |
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Report suspicious deals within 7 days RBI (20 November 03:40) |
| The RBI notification reiterates the government's amendment to the Prevention of Money Laundering (Amendment) Act, 2009 (21 of 2009), which has come into force with effect from June 1. |
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