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Viceroy Hotels (VHL) today said its' board has approved hiving off its Chennai project into a separate company, a move that will cut debt on its balance sheet.
In view of huge discrepancies found in transactions at stock exchanges, the Income Tax Department has asked NSE, BSE and other bourses to submit monthly statement of all transactions from April.
The exemption to certain types of coking coal from customs duty is not likely to impact steel prices at present, feel experts.
Rising interest cost and inflation notwithstanding, the industry mood remains upbeat as over one-third of the 121 manufacturing sectors tracked by a CII-Ascon Survey, projected an excellent growth of above 20% for the fiscal 2010-11.
Air India (AI) has tasted success with its direct New Delhi-Chicago flights, which were launched on October 31 last year.
Mumbai's real estate market continues to be robust despite a minor blip in February when flat sales clocked a 2.40% decline, a leading industry body said.
The government has set the ball rolling for estimating black money by signing agreements with three leading think-tanks NCAER, NIFM and NIPFP to conduct study on unaccounted income generated inside and outside the country.
Faced with the Herculean task of handling lakhs of investor complaints, market regulator Sebi plans to rope in third party agencies for processing and maintenance of these grievances.
Seeking to expand its presence in overseas markets, state owned-UCO Bank plans to open more branches in the South East Asian region, a top bank official said.
Marico shares rose Monday morning after the fast moving consumer goods company sold its Sweekar edible oil brand to Cargill India.
After Nokia, Samsung, LG and other global brands, BlackBerry smartphones-maker Research in Motion is likely to set up an Indian manufacturing facility in view of the potential within the country and the surrounding region and may develop the country into an export hub.
Expressing concern over high costs and limited reach of banking services, Finance Minister Pranab Mukherjee today said that the government was working in collaboration with RBI to address these concerns.
Viceroy Hotels board has approved hiving off Chennai project division, reports CNBC-TV18. It touched an intraday high of Rs 35.70 and an intraday low of Rs 35. At 09:43 hrs the share was quoting at Rs 35.15, up Rs 0.45, or 1.30%.
Maharashtra attracted the highest number of industrial proposals in the country between August, 1991, and August, 2010, the Economic Survey of the state for 2010-11 claims.
Lakshmi Mittal, the Chairman and CEO of the world's largest steel-maker ArcelorMittal, earned a 11% hike in his base salary in 2010, after suffering pay cuts in the previous two consecutive years.
Ceat touched an intraday high of Rs 105.80 and an intraday low of Rs 102.30. At 09:40 hrs the share was quoting at Rs 105, up Rs 2.70, or 2.64%. The commercial production of passenger / truck radial tyres has commenced at Halol plant from March 25, 2011, reports CNBC-TV18.
Reliance Infrastructure touched an intraday high of Rs 660 and an intraday low of Rs 652.10. At 09:33 hrs the share was quoting at Rs 656.25, up Rs 5.60, or 0.86%.
In an interview on CNBC-TV18, David Darst, chief investment strategist at Morgan Stanley Smith Barney said that the rate of economic growth in the US will push market profits higher in the coming future.
In a medical emergency, timely response could make all the difference. Here’s a checklist of things you should do before, so you are always ready to act quickly.
As India prepares to build the world’s largest nuclear power plant, the plan has come under scrutiny in the wake of the disaster in Japan.
Marico has divested Sweekar to Cargill India, reports CNBC-TV18. It touched an intraday high of Rs 139 and an intraday low of Rs 133.50. At 09:30 hrs the share was quoting at Rs 134, up Rs 3.45, or 2.64%.
I-T department has conducted pan-India raids on Amtek Group. I-T department has covered Amtek Auto and Amtek India in raids. These raids have conducted on basis of alleged suppression of income, quoting Sources, reports CNBC-TV18.
Mahindra Satyam touched an intraday high of Rs 66.90 and an intraday low of Rs 64.75. At 09:19 hrs the share was quoting at Rs 66.40, down Rs 0.60, or 0.90%. Company’s Rs 1300 crore has frozen in banks till March 31. AP HC gives conditional order on company's plea, reports CNBC-TV18.
EIH has successfully completed rights issue. It has allotted 1.09 crore shares at Rs 66 per share, reports CNBC-TV18. It touched an intraday high of Rs 82.80 and an intraday low of Rs 82. At 09:17 hrs the share was quoting at Rs 82.35, up Rs 0.30, or 0.37%.
Reliance Industries has entered into Joint Venture with DE Shaw for financial services business, reports CNBC-TV18. It touched an intraday high of Rs 1,033 and an intraday low of Rs 1,026.25. At 09:18 hrs the share was quoting at Rs 1,032.90, up Rs 6.30, or 0.61% on the NSE.
