IDBI Bank to meet investors for Swiss bond issue in May
India's IDBI Bank, which is looking to raise 150 to 200 million Swiss francs (USD 167-223 million) in a bond issue, will hold investor meetings in Zurich, Geneva and Lugano in the first week of May to gauge demand, a senior official told Reuters on Tuesday.
Monsoon rains and impact on economy
India on Tuesday forecast normal rains for the 2011 monsoon, strengthening the prospect for good farm output, which could help bring relief to Asia's third-largest economy in its battle with high food prices.
Normal monsoon forecast to boost farm sector
India on Tuesday forecast normal rains for the 2011 monsoon, strengthening the prospects of a plentiful farm output that could help bring relief to Asia's third-largest economy in its battle with high prices.
World stocks recoup losses, debt fears remain
World stocks bounced back from their previous session's trouncing on Tuesday but debt woes on both sides of the Atlantic and new signals from China on inflation dangers weighed on markets.
Wall Street set to open higher on key earnings
US stocks were poised for a higher open on Tuesday after Goldman Sachs and Johnson & Johnson reported solid earnings.
India's exports shoot up by 37.1% in 2010-11
India's exports surged to record high growth in the fiscal year 2010-11, but uncertainty over the global economy and a ballooning import bill mean concerns persist over the trade deficit of one of the world's fastest-growing economies.
CBI files loan bribing case against PNB's Venkoba Gujjal
The CBI has filed a case alleging Venkoba Gujjal, deputy general manager of Punjab National Bank for giving bribes to get loans, reports CNBC-TV18.
How has Mumbai real estate market fared so far in 2011?
According to research firm Prabhudas Lilladher, sales registrations for the month of March were down 30% year-on-year (YoY), although on a higher base of last year.
India gold eases from record; triggers physcial buying
India gold eased a tad from the previous day's record high on profit-taking Tuesday evening, triggering a slight pick-up in physical demand as traders sought to stock ahead of a key gold-buying Akshaya Tritiya festival next month.
Nasdaq, ICE line up funds for rival bid for NYSE
Nasdaq OMX Group and Intercontinental Exchange Inc said on Tuesday they have lined up commitments to fund their proposed takeover of the New York Stock Exchange's parent company and have offered to pay a reverse breakup fee if a deal fails to go through.
Tata Motors tiesup with SBI for channel financing
Tata Motors has entered into an agreement with State Bank of India (SBI) for providing channel financing facilities to the Tata Motors dealers. The bank will provide financing for both, the passenger and commercial vehicles range.
Container Corporation Q4 PAT up 16% at Rs 201cr
Container Corporation of India has declared its fourth quarter results. The company's Q4 net profit was up at Rs 201 crore versus Rs 173 crore, year-on-year, YoY.
Goldman posts 72% drop in quarterly earnings
Goldman Sachs Group Inc posted a 72% decline in first-quarter profit as it made less money from trading bonds for clients.
SBI hikes lending rates by 25 bps, loans to become costlier
Country's largest bank SBI on Tuesday announced a hike in its base rate by 25 basis points, making home and auto loans from the lender dearer.
IDBI Bank mulls IPO for ratings agency Care
IDBI Bank is mulling an initial public offer for ratings agency Care in which it holds a 26% stake, in the near-term, an official familiar with the matter, told moneycontrol.com
Pipavav Shipyard in talks to sell stake to foreign player
Pipavav Shipyard is in advanced talks to sell stake to an international shipyard and a deal is likely within the next two weeks, a source with direct knowledge of the matter said on Tuesday.
Oil slips to $120 on economy, demand concerns
Brent crude oil fell on Tuesday, slipping below USD 120 a barrel for the first time in two weeks, pressured by concern about the economic outlook and that high prices could erode demand.
Samsung to sell hard-disk unit to Seagate for $1.4bn
Samsung Electronics Co is selling its hard-disk-drive (HDD) business to Seagate Technology for USD 1.4 billion in cash and stock as it seeks to exit from the cut-rate industry and focus on its bread-and-butter memory-chip business.
China to tighten land controls to curb housing inflation
China will tightly regulate land supply to boost affordable housing and to clamp down harder on illegal land use this year, the Ministry of Land and Resources said on Tuesday, as it seeks to contain housing inflation.
Accumulate Reliance Power; target of Rs 157: Emkay
Emkay Global Financial Services is bullish on Reliance Power and has recommended accumulate rating on the stock with a target of Rs 157 in its April 19, 2011 research report.
ACER appoints new president, sees Q2 shipments down 10%
Taiwan's Acer Inc named insider Jim Wong as its new corporate president after the abrupt departure of its previous chief executive last month, and forecast a 10% fall in shipments this quarter, citing its recent reorganisation and a seasonal slowdown.
Sony Ericsson defies supply setbacks with Q1 profit
Booming smartphone demand and cost cuts kept cellphone venture Sony Ericsson in the black in the first quarter as it battled supply disruptions from Japan's earthquake and tsunami.
Harley-Davidson posts quarterly profit
Harley-Davidson Inc reported a wider quarterly profit on Tuesday on higher income from the company's financial services division and a 3.5% increase in sales of new motorcycles.
Apple sues Samsung, says stop copying us
Apple Inc sued Samsung Electronics claiming the South Korean firm's Galaxy line of mobile phones and tablets "slavishly" copies the iPhone and iPad, according to court papers, a move analysts say is aimed at keeping its close rivals at bay.
Tablet market to surge to $49bn by 2015: Strategy Analytics
The global tablet computer market, born last year with Apple's iPad, will grow to a USD 49-billion business by 2015, research firm Strategy Analytics said.
