L&T bags Rs 1103 crore orders in railway sector
The Railway Business Unit of Larsen & Toubro has secured a slew of orders aggregating Rs 1103 crore from various power plant developers for the construction of ‘Merry-Go-Round’ Systems and construction of dedicated railway lines to link power plant sites to the main line rail network.
Ferrari to launch 2011 F1 car at end of month
Ferrari's 2011 Formula One car will be unveiled at the end of January after passing a series of mandatory crash tests last month, the Italian team said.
Iran offers oil supply plan for Jan: India govt source
Iran has ensured smooth oil supplies to India for the month of January by offering a temporary oil payment mechanism, an Indian government source told reporters on Tuesday.
Tendulkar stands firm as India reduce deficit
Sachin Tendulkar stood between South Africa and a healthy first innings lead as he took India to 237 for four at lunch on the third day of the third and deciding test at Newlands on Tuesday.
BSE Sensex pulls back after 4-day rise; banks drop
The BSE Sensex snapped a four-session winning run and eased 0.3% on Tuesday, as investors took profits amid concern accelerating inflation pressures could push up borrowing costs.
Christmas cheer fails to lift French spirits in Dec
Christmas festivities failed to lift the mood of gloomy French consumers in December as data on Tuesday showed confidence levels slumped to their lowest since August in a bleak signal for the economy in the months ahead.
Equity funds lag in December; sectoral funds shine in 2010
Most of diversified equity funds underperformed the benchmark 30-share BSE Sensex in December as high exposure to mid- and small-sized firms and sectors like financials hurt unit values.
December car sales signal continued growth
Maruti Suzuki, India's largest car maker, joined peers in reporting strong December vehicle sales, underlining robust growth momentum in one of the fastest growing auto markets.
Online health info popular but often unchecked
The number of people looking for health information online is set to soar as workers return from holiday breaks, but few will check where the information comes from, according to an international survey on Tuesday.
Economic optimism lifts stocks, oil
Optimism about the state of the world economy lifted stocks on Tuesday as well as boosting the dollar and keeping oil prices at a near 27-month peak.
Skype's partner says it is legal in China
Skype's partner in China, TOM Group, said the web-based calling service is complying with Chinese law, even as a crackdown on illegal Internet telephone providers could complicate Skype's operations in the country.
Rupee extends decline tracking broad dlr rise
The rupee extended its fall in afternoon session on Tuesday tracking the dollar's sharp gains versus major currencies and some demand from foreign banks and also dollar buying for defence-related payments.
India gold prices steady; demand stays weak
India gold prices were steady on Tuesday afternoon tracking overseas markets, but demand stayed weak as wedding season neared its end in the world's largest consumer of bullion, dealers said.
Nikkei climbs 1.7% to hit 7½ month closing high
Japan's Nikkei stock average climbed to a 7-½ month closing high on its first day of trading for the year, helped by strong global manufacturing data that lifted equities worldwide and by a bounce in the dollar against the yen.
Metro sees Asian profit up by end of 2013: Report
Metro aims to make a profit in all its Asian businesses by the end of 2013, Frans Muller, chief executive of the German retailer's Cash & Carry unit, told Handelsblatt newspaper on Tuesday.
Buyout fund Carlyle's India MD Rajeev Gupta quits
Rajeev Gupta, Managing Director of Carlyle in India and a member of Asia buyouts team, has quit the private equity firm after a five-year stint at the buyout firm.
FY11 Direct tax collection may meet target of Rs 4.3 lk
The FY11 direct tax collections may just meet budget estimates, reports CBNC-TV18. The direct tax collection was estimate at Rs 4.3 lakh for this fiscal year.
Second Liquidity Adjustment Facility : Auction Results
Second Liquidity Adjustment Facility : Auction Results
Chevron in talks with Indian firms to sell African assets
US-based Chevron Corp, one of the largest integrated oil & gas producer in the world, has initiated talks with a couple of Indian companies to sell some of its downstream African assets.
IFC may invest $10 mn in Ahmedabad's SEWA Bank
Ahmedabad-based Shree Mahila SEWA Sahakari Bank may raise USD 10 mn in funding from International Financial Corporation (IFC), the private investment arm of World Bank. Gujarat-based SEWA Bank, part of the SEWA group founded by Ela Bhatt, will use the funding to expand its geographic presence and strengthen capacity.
2010's M&A Scorecard: Telecom, Energy & Pharma Rule
Year 2010 pretty much matched up with 2007 in terms of M&A deal activity, but it still was a long list of hits and misses. After two misses in earlier year to gain a big bang entry into Africa, Bharti did strike a multi-billion dollar transaction in the continent.
India Looking Into Tax Liability In Kraft's Cadbury Deal
The ministry of finance has initiated action to see if Kraft Foods will have to pay taxes to Indian authorities in its USD 19 bn takeover of Cadbury last year, as claimed by a public interest petition.
Results of Auctions of 10-year State Development Loans, 2021 of Five State Governments
Results of Auctions of 10-year State Development Loans, 2021 of Five State Governments
Start planning early for your retirement
Though it is a well known fact that we need to save to build a retirement nest egg, many of us fail to do so. Investment expert Hemant Rustagi tells you how to achieve the desired results.
