ICICI Pru not keen on IPO now: CEO Bakshi
Even as the sectoral regulator Irda has said that IPO guidelines will be out within the next 45 days, leading private sector insurer, ICICI Prudential Life, said it is not very keen on hitting the capital market soon.
Apparel exports up in Q3 on Govt capping cotton yarn export
The Government's initiative to cap export of cotton yarn to bring down its domestic prices has resulted in a marginal increase in the export of apparels to USD 2,438 million in Q3 FY 11 as compared to USD 2,398 million in the year-ago period.
Govt to evacuate Indians from Libya
With rising death toll in anti-government protests in Libya, government today decided to evacuate its nationals numbering about 18,000 from that country.
Tata Ind to pump Rs 100cr in learning solutions business
Tata Industries Limited (TIL) plans to invest Rs 100-crore in integrated learning solutions christened CLASSEDGE for the Indian school education sector.
Penalty imposed on 2G licencees amount Rs 290 cr: Govt
The affidavit said these Liquidated Damages Demand Notices have been issued as per data made available by the field units of the Department of Telecom and Wireless Planning and Co-ordination wing of DoT.
Kotak Mahindra sees 30% rise in credit cards sales in 2 yrs
Kotak Mahindra Bank, that entered the credit card business in 2007 as part of its retail expansion, expects the portfolio to contribute around 25% to 30% to the overall income in the next two years, a top executive of the private lender said.
Back to good old days for F1, says Webber
Melbourne will take Formula One back to the good old days after civil unrest in Bahrain left Australia to host next month's season opener, Mark Webber said on Tuesday.
Wal-Mart says needs more time to fix US missteps
Wal-Mart Stores Inc failed to meet its promise of reigniting sales at its US stores and it is up to relatively new leaders to turn things around as they face increased pressure from dollar stores.
Singer Justin Bieber gets wax figure, haircut
Canadian teen pop idol Justin Bieber has become the latest celebrity to get his own wax figure, Madame Tussauds wax museum said on Tuesday, a day after the young pop star tweeted he had a new haircut.
Saudi Arabia seeks to calm market with words not oil
Top exporter Saudi Arabia on Tuesday stopped short of pouring more oil on to markets that have vaulted above USD 100 as unrest swept the Middle East, telling visiting consumer nations prices were driven by fear.
Citi tried to hand off Madoff exposure: Lawsuit
Citigroup Inc tried to pass on its exposure to Bernard Madoff to other banks just months before his epic fraud was revealed, the Madoff trustee said in a lawsuit accusing a second major US bank of unsavory dealings with the financier
Oil spike 2008 all over again? Not for US economy
Don't panic - that was the message from Nobuo Tanaka, the executive director of the International Energy Agency, to those who fear it's 2008 all over again as unrest in oil-producing Libya pushes crude prices back up toward the triple digits.
Oscar fashion goes bold; thank Lady Gaga!
Taking a tip from music stars Lady Gaga and Nicki Minaj, Hollywood's A-list actresses are expected to turn up on Oscar's red carpet in many bold, futuristic designs, fashion experts predict.
Woods ready for Arizona`s desert winds after Dubai struggle
Tiger Woods returns to the Arizona desert this week for the first time in two years with renewed confidence in his revamped swing after being blown off course at the Dubai Desert Classic just two weeks ago.
'Lost' Enid Blyton novel discovered
A previously unknown novel by British children's writer Enid Blyton has been discovered, according to a charity which bought a collection of the bestselling author's manuscripts at auction last September.
Investors crowd Wall St exits on Libyan unrest
Wall Street suffered its worst day since August on Tuesday as investors dumped stocks on turmoil in oil exporter Libya, in what could be the start of a long-anticipated pullback after a lengthy rally.
HP trims 2011 sales forecast, shares plummet
Hewlett-Packard Co trimmed its 2011 revenue projections on waning consumer demand for its personal computers, sending its shares more than 10% lower despite exceeding profit expectations.
Big companies keen on small US one-cup coffee market
Big food and beverage makers, including Kraft Foods Inc and Sara Lee Corp, are maneuvering to get more of the small but growing one-cup coffee market in the United States.
Barclays beats Lehman in USD 11 bn
Lehman Brothers Holdings Inc's hurried sale of much of its operations to Barclays Plc at the height of the financial crisis was fair, and its bankruptcy estate is not entitled to recover USD 11 billion windfall, a federal judge ruled.
Chris Brown allowed near Rihanna, 2 years after attack
A court order was lifted on Tuesday that had prevented R&B singer Chris Brown from coming into close contact with his ex-girlfriend Rihanna since a violent altercation two years ago.
Larry King launches one-man comedy show!
Larry King is getting his turn to do the talking.
FIIs net sell Rs 1129 cr in index futures on Tues
Nifty rollover stood at 33%. Nifty Open Interest PCR was down at 1.21 versus 1.24. Nifty 5500 Call added 9.5 lakh shares in OI while Nifty March 5300 Put added 7.9 lakh shares in OI.
News Roundup: EXL Service Investors in talks with L&T Info
Investors in back office firm EXL Service are in talks with mid-sized L&T Infotech to sell their stake in the Nasdaq-listed company. Institutional shareholders such as Aviva Investors Global Services, Blackcock Advisors LLC, TimesSquare Capital Management, Wellington Management, with at least 12 other investors hold around 53% in the company.
Nifty likely to witness range of 5525-5400: Bhambwani
The coming session is likely to witness a resistance at 5525 on advances. Support is likely at the 5400 levels. The bullish pivot for the session is likely at the 5490 levels above which the Nifty must stay throughout the session.
