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GM bailout payback to take several years: CEO

16th September, 2010 22:13

General Motors Co is determined to pay back taxpayers as quickly as possible, but the process could take "several years," GM Chief Executive Dan Akerson said on Th
Continental sees Europe, US car output flat in 2011

16th September, 2010 22:13

German car parts group Continental AG expects automobile production in Europe and the United States, its main markets, to largely stagnate next year, prompting it
Some pullback for mkts was always on the cards

16th September, 2010 22:09

It wasn't a great session but then it was one of those sessions which was always coming, given that in the last four days we had put in substantial gains. The Sens
Maharashtra weaving a textile policy

16th September, 2010 21:52

For the first time ever, Maharashtra will have a textile policy for industries in place. It aims to boost private investment in the processing industry by extendin
Vedanta Orissa project 'illegal', says Rahul Gandhi

16th September, 2010 21:31

Vedanta's cup of woes seem to be overflowing. Congress leader Rahul Gandhi on Thursday termed Vedanta's bauxite mining project in Orissa's Niyamgiri Hills which wa
Fiat units to have 2.5 bln euros industrial debt each

16th September, 2010 21:15

Italian automaker Fiat SpA said its auto and industrial units would each have 2.5 billion euros (USD 3.3 billion) net industrial debt after a demerger it expects t
India infrastructure boom to boost world growth: Adviser

16th September, 2010 21:15

India can showcase its massive infrastructure spending and a wider current account deficit at the next G20 summit as its contribution to reviving global economic d
US SEC to crack down on banks' debt disclosures

16th September, 2010 21:15

Federal regulators are trying to improve debt disclosures in an effort to crack down on financial firms that use accounting gimmicks to bolster their balance sheet
RBI to lift rates once or twice more this fiscal: Poll

16th September, 2010 21:15

The Reserve Bank of India (RBI) has one or two interest rate increases in store for the rest of the fiscal year that ends in March, according to a Reuters poll con
Commonwealth Games preparations go down to wire

16th September, 2010 21:15

When the head of next month's Commonwealth Games in India says that all the venues are complete, the constant noise of banging hammers and whirring drills that thr
Mobile computing set to get 'keyless keyboard'

16th September, 2010 21:14

An Israeli start-up has launched a system that aims to make mobile computing easier by letting users type on invisible keys instead of a keyboard that typically ta
ArcelorMittal says revises India strategy

16th September, 2010 21:14

ArcelorMittal says revises India strategy, plans smaller steps with modular sites in India (old strategy had 2 mega-projects). The company says its first domestic
More rate hikes may be needed to tame inflation: Rangarajan

16th September, 2010 20:22

The Reserve Bank today in its mid-quarter review raised reverse repo rates by 0.5% and the repo rate by 0.25%. In an interview with CNBC-TV18's Banking Editor Lath
Acquisitions in steel, power, auto on Tata's FY11 agenda

16th September, 2010 19:40

Ratan Tata expects Tata Sons to see a significant turnaround next year. In an address to employees, the Tata Group chairman said that the group is looking at acqui
Metal stocks may rally from current levels: Bhambwani

16th September, 2010 19:07

Technical Analyst, Vijay Bhambwani expects base metal stocks likely to rally from current levels.

Carrefour plans 1.5 bln eur hypermarket revamp

16th September, 2010 22:13

Carrefour, Europe's biggest retailer, plans to spend about 1.5 billion euros (USD 2 billion) on the most ambitious stage of its turnaround plan -- reinventing the
Festive bonanza from auto cos: Discounts galore!

16th September, 2010 22:09

Record sales and a booming automobile market are reasons enough for car makers to celebrate. And those of you planning to buy a car this festive season there is re
Indian Overseas Bk to hive off IT ops into new subsidiary

16th September, 2010 21:57

Indian Overseas Bank has decided to hive off its IT operations into a new subsidiary. IOB is scouting for partners who can help the bank market its in-house core b
India Inc shouldn't be given bank licences: Experts

16th September, 2010 21:44

Should corporate houses be given bank licences? This question is drawing a huge "no" from some venerable experts. Former RBI Governor C Rangarajan and veteran bank
Ispat in pact with UK's Stemcor, will sell 10% equity

16th September, 2010 21:21

Steelmaker Ispat Industries has got a strategic investor�UK's top selling steel trading house Stemcor Holdings who is ready to infuse approximately Rs 300-400 cror
Geithner signals US impatience on China currency

16th September, 2010 21:15

Treasury Secretary Timothy Geithner sought to convince US lawmakers on Thursday he was taking a tougher line on China's currency and trade policies, but Beijing wa
Gold rushes to record; investors seek insurance

16th September, 2010 21:15

Gold scored a record high above USD 1,275 per ounce on Thursday, as currency market jitters and broader economic uncertainty enticed more investors towards the met
US jobless claims at two-month low, PPI rises

16th September, 2010 21:15

New US claims for unemployment benefits dropped to a two-month low last week, hinting at some stability in the labor market, while producer prices recorded their l
Companies shrug off rate hikes, cheer likely pause in cycle

16th September, 2010 21:15

Indian companies shrugged off the fifth rate increase by the Reserve Bank of India (RBI) on Thursday, cheered by hints that the RBI may be pausing its rate increas
Most emerging stocks set to outpace rich world: Poll

16th September, 2010 21:15

Most emerging stock markets will finish 2010 with much stronger gains than their rich world counterparts, according to Reuters polls that showed only Japanese and
BSE Sensex to rise 15% in 2010: Poll

16th September, 2010 21:14

The BSE Sensex will show a small rise between now and the end of the year but is set to surpass record highs in the first half of 2011 thanks to a booming economy,
FedEx profit doubles, but shy of Wall Street view

16th September, 2010 21:11

FedEx Corp reported a profit that slightly trailed Wall Street's revised expectations and set a light second-quarter forecast, sending its shares down about 3% on
RIL can go upto Rs 1050-1100: Pashupati Advani

16th September, 2010 19:42

Pashupati Advani of Advani OTC Dealers is of the view that Reliance Industries can go upto Rs 1050-1100.
Changes to Forward Contracts (Regulation) Act gets govt nod

16th September, 2010 19:28

The Cabinet has introduced the Forward Contracts (Regulation) Amendment (FCRA) Bill 2010. After widespread discussions, the Consumer Affairs Ministry�s proposal to
India Aug total airline passenger traffic up at 4m

16th September, 2010 18:26

The air traffic for the month of August shows a healthy rebound in the air travel sentiment. The total passenger traffic stands at four million for the said month,

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