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Norway's Telenor said on Wednesday it has requested its India joint venture chairman Sanjay Chandra to step down from his post, following charges against him in a multi-billion dollar telecoms licensing scandal.
The over Rs 11,000 crore follow-on public offer (FPO) of the Oil and Natural Gas Corporation (ONGC) is likely to hit markets between June and July this year, a top central government official said here today.
Pune-based multiproduct engineering company, Innoventive Industries, today said it plans to raise up to Rs 219.58-crore from its initial public offer, scheduled to open on April 26.
Gold shot up above USD 1,500 an ounce on Wednesday for the first time ever as worries over the health of the global economy boosted the metal as a safe haven.
Steel major, Essar Steel, today said that it has clocked its highest-ever monthly crude steel production at 3.8-lakh tonnes in March, up 24.04%, as compared to 3.07-lakh tonnes in the year-ago period.
Three executives of Reliance ADA Group have appealed to the Delhi High Court seeking bail in the 2G scam case after their bail applications were rejected by a CBI court, a lawyer for the group said on Wednesday.
India's poverty is estimated to have declined to 32% in 2009-10 from 37.2% five years ago, as per preliminary findings of the Planning Commission.
ING Vysya Bank has announced its fourth quarter. The company's Q4 net profit was up at Rs 91.3 crore versus Rs 67.9 crore.
Mukesh Ambani flagship company Reliance Industries (RIL) is set to report 16.8% growth in its fourth quarter net profit of Rs 5,500 crore as against Rs 4,710 crore in the quarter ended March 2010, according to CNBC-TV18 poll.
With a normal monsoon predicted this year, the Prime Minister's Economic Advisory Council (PMEAC) today said there was a need to work on getting four per cent growth in agriculture.
MindTree is to announce its fourth quarter results. According to CNBC-TV18's estimates, the company's net sales is seen up 1.1% at Rs 389 crore versus Rs 384.8 crore.
Raising doubts over feasibility of achieving 10% average economic expansion in the 12th Plan (2012-17), Plan Commission Deputy Chairman Montek Singh Ahluwalia today said the next plan would target GDP growth of 9 to 9.5% in the next five years.
Reckitt Benckiser beat first-quarter earnings forecasts on Wednesday boosted by its SSL recent acquisition after last week's surprise news that Chief Executive Bart Becht was to retire sent its shares tumbling.
Country's largest gold financing company Muthoot Finance's initial public offering, which closes on April 21, has received good response from investors - especially qualified institutional investors.
India's victory over Pakistan in the recently concluded ICC World Cup was celebrated not only across the country but also on the other side of the border by the Indian prisoners, who were languishing in a Karachi jail.
High oil prices have hurt demand in top consumers China and the United States, and OPEC needs to raise output around June to stem further price rises, the International Energy Agency's executive director said on Wednesday.
BHP Billiton, the world's biggest mining house, warned on Wednesday that persistent rains in Australia were delaying a recovery in its coal operations after a devastating March quarter cut production by nearly a fifth.
Indian back-office company WNS Holdings Ltd posted a better-than-expected quarterly profit, helped by new client additions and a stronger British pound, and forecast strong fiscal 2012 revenue.
Gold surged to a record above USD 1,500 an ounce on Wednesday as dollar weakness and a rise in oil prices added to fear-driven buying on the back of uncertainty over euro zone stability and US growth.
India should allow exports of wheat and rice as the country has huge grain stocks and global prices are favourable, Farm Minister Sharad Pawar said on Wednesday.
Mecklai Financial has come out with its report on Greece Bond Yield. Greece on the verge of defaulting on its debt payment, compelling them to demand higher premium both in short and long-term securities thus pushing 2-year yield to record euro era high at 19.72% and 10 year yield at 14.40%.
Messages about money are passed down from generation to generation. Your own memories about money will tell you a lot, if you take that step back and see what those memories taught you about who you were and whether those messages are still telling you who you are today.
PINC Research is bullish on HCL Technologies and has recommended buy rating on the stock with a target of Rs 615 in its April 20, 2011 research report.
Subex advanced 10.41% or Rs 7.55 to end at Rs 80.05 on the BSE. It touched an intraday high of Rs 82.70 and an intraday low of Rs 71.50. There were pending buy orders of 683 shares, with no sellers available. The total traded volumes were of 5,945,468 shares. Meanwhile the stock added 41.93% in last five days.
Parag Parikh Financial Advisory Services is bullish on Honda Siel Power Products and has recommended buy rating on the stock, in its April 19, 2011 research report.
