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India's GDP growth seen dipping to a 3-year low of 6.9%The economy has been hit by high inflation, a slowing global economy and policy paralysis in the aftermath of a slew of scandals that emerged last year.
timesofindia.indiatimes.com | 07-Feb-2012 23:50
India to pay in rupees for 45% of Iran oil imports
Iran said on Tuesday that it has agreed to India’s proposal for a crude payment mechanism under which India will pay for 45% of its imports from Iran through the Indian rupee.
timesofindia.indiatimes.com | 07-Feb-2012 23:39
Govt predicts 6.9 % economic growth, slowest in 3 years
The government forecast 6.9 percent annual growth for the fiscal year that ends in March, a tad below the 7 percent to 7.5 percent growth predicted by several government officials.
timesofindia.indiatimes.com | 07-Feb-2012 14:27
Mahindra's XUV500 2nd phase bookings crosss 25,000 units
Mahindra & Mahindra (M&M) received over 25000 bookings for its SUV, XUV500, in the second phase that re-opened on January 25 across 19 cities.
timesofindia.indiatimes.com | 07-Feb-2012 14:16
Airlines in India to be allowed to import jet fuel
India's cash-starved airlines will be allowed to import jet fuel directly under a plan approved by a government panel on Tuesday, a break that could help them cut fuel costs by up to 20 per cent but also require new spending.
timesofindia.indiatimes.com | 07-Feb-2012 13:54
Rupee closes 36 paise down vs dollar
Forex dealers said renewed dollar demand from importers and some banks on hopes of further rise in the US currency's value in near future also weighed against the rupee.
timesofindia.indiatimes.com | 07-Feb-2012 13:33
Sensex snaps 5-day rally on low growth estimates, closes 85 points lower
Dampening market sentiment, the government projected GDP growth to be lower at 6.9 per cent as against the Reserve Bank estimates of 7 per cent in 2011-12.
timesofindia.indiatimes.com | 07-Feb-2012 13:29
Sensex closes 87 points lower
A benchmark index for Indian equities markets Tuesday provisionally closed 87 points lower as traders booked profits after five consecutive weeks of rallying.
timesofindia.indiatimes.com | 07-Feb-2012 12:04
Sensex closes 87 points lower
A benchmark index for Indian equities markets Tuesday provisionally closed 87 points lower as traders booked profits after five consecutive weeks of rallying.
timesofindia.indiatimes.com | 07-Feb-2012 12:04
Mahindra Q3 profit falls more than expected
Mahindra & Mahindra Ltd, India's biggest utility vehicle maker, reported a bigger-than-expected 9.9 percent fall in quarterly profit as rising commodity costs squeezed margins.
timesofindia.indiatimes.com | 07-Feb-2012 11:37
ArcelorMittal Q4 loss widens to USD 1 billion
The world's largest steel maker ArcelorMittal's loss widened to USD 1 billion in October-December 2011 due to subdued European demand and an USD 1.3 billion outgo on deferred tax, impairments and restructuring charges.
timesofindia.indiatimes.com | 07-Feb-2012 10:31
GoM allows airlines to directly import jet fuel
The GoM, headed by finance minister Pranab Mukherjee, was also apprised of the decision to allow foreign airlines pick up 49 per cent stake in Indian carriers.
timesofindia.indiatimes.com | 07-Feb-2012 10:02
Pranab Mukherjee to present budget on March 16
Finance minister Pranab Mukherjee will present the annual budget for 2012/13 on March 16, while the railways budget will be presented on March 14, Pawan Kumar Bansal said on Tuesday.
timesofindia.indiatimes.com | 07-Feb-2012 09:49
Rupee gains 11 paise against dollar in early trade
The rupee strengthened by 11 paise to Rs. 48.94 a dollar in early trade on the Interbank Foreign Exchange market on Tuesday on increased foreign capital inflows.
timesofindia.indiatimes.com | 07-Feb-2012 09:20
'India to consider 49 pct FDI in aviation soon'
India's aviation ministry will soon move a note to the cabinet to allow foreign airlines to buy stakes of up to 49 percent in Indian carriers, civil aviation minister Ajit Singh said on Tuesday.
timesofindia.indiatimes.com | 07-Feb-2012 09:11
Dhanlaxmi Bank CEO quits
Small-sized private lender Dhanlaxmi Bank said its Managing Director and Chief Executive Amitabh Chaturvedi has resigned on Monday.
timesofindia.indiatimes.com | 07-Feb-2012 07:41
Manappuram to discuss RBI notice on Feb 10; shares plunge
Manappuram Finance Ltd , which provides loans using gold as collateral, said on Tuesday its board will meet on Feb. 10 to discuss a Reserve of India notice that prohibited it from accepting or renewing deposits from the public.
timesofindia.indiatimes.com | 07-Feb-2012 07:33
Economy to grow by 6.9% in 2011-12 against 8.4% last financial year: Govt estimates
India's farm output is expected to grow 2.5%, while manufacturing sector is seen growing an estimated 3.9% in the current fiscal year that ends in March.
timesofindia.indiatimes.com | 07-Feb-2012 07:24
Goldman upgrades India's Reliance to buy, shares rise
Goldman Sachs has upgraded India's Reliance Industries (RIL) to buy from neutral, citing a potential lift in margins on increased refining and recovering oil demand, sending the refiner's shares up in pre-open trade on Tuesday.
timesofindia.indiatimes.com | 07-Feb-2012 05:08
Sensex up 0.3% early, RIL leads
Sensex rose 0.3 percent early on Tuesday, led by index heavyweight Reliance Industries, continuing a five-day rally ahead of the release of the government's GDP growth estimate for the current financial year.
timesofindia.indiatimes.com | 07-Feb-2012 05:01
Rupee gains early, but wary on Greece
Rupee opened stronger on Tuesday in anticipation of dollar inflows, but concerns that Greece may fail to meet conditions to get its next bailout kept traders wary.
timesofindia.indiatimes.com | 07-Feb-2012 04:38
NSE in dock for tax evasion
The Directorate General of Central Excise Intelligence (DGCEI) office at Kochi has registered a case against NSE for violating service tax rules by not paying taxes for fees collected from candidates who took the NCFM (National Stock Exchange’s Certification in Financial Markets) exam.
timesofindia.indiatimes.com | 07-Feb-2012 01:40
PE honcho, IDFC PE invest 100cr in ReGen
Private equity honcho Subbu Subramaniam , who split from Baring three years ago and founded MCap Fund Advisors in 2010, has struck his maiden pure-play PE deal in Southbased ReGen Powertech.
timesofindia.indiatimes.com | 07-Feb-2012 01:39
HUL Q3 net profit rises 18% to Rs 754 crore
Buoyed by a mix of product price increases and volumes, fast-moving consumer goods (FMCG) major Hindustan Unilever (HUL) posted an 18% growth in net profit at Rs 754 crore for the third quarter ended December 31, 2011, as compared to Rs 638 crore in the corresponding period last year.
timesofindia.indiatimes.com | 07-Feb-2012 01:26
Iran sets deadline for Indian oil companies
In a strategic move to force India’s hands, Iran has set a month’s deadline for a consortium of Indian state-run oil companies to sign the contract for bringing to production a gas field discovered in the Persian Gulf in 2006
timesofindia.indiatimes.com | 07-Feb-2012 01:24
M&M readies bid for bankrupt Saab
Mahindra & Mahindra (M&M ), which is among the four companies to show interest in Swedish automaker Saab, has signed a confidentiality agreement with the bankrupt company and is in the process of finalizing its bid.
timesofindia.indiatimes.com | 07-Feb-2012 01:05
Manappuram raising deposits illegally: RBI
The Reserve Bank of India (RBI) has issued a warning to the general public against placing deposits with Manappuram Finance or a group company.
timesofindia.indiatimes.com | 07-Feb-2012 01:01
India’s stable rating faces risk: S&P
India’s stable rating outlook faces some challenges due to high inflation, weak fiscal position and slower economic growth, a report by global ratings agency Standard & Poor’s cautioned on Monday.
timesofindia.indiatimes.com | 07-Feb-2012 00:59
Norway backs Telenor, says it did no wrong
Telenor, which holds a 67% stake in Unitech Wireless, on Monday said that it will decide on bidding for fresh 2G licences and spectrum after the rules are finalized.
timesofindia.indiatimes.com | 06-Feb-2012 23:30
Cars, software, services threaten European Union-India trade deal
At stake is an agreement that would create one of the world's largest free-trade zones by population - covering 1.8bn, or more than a quarter, of the world's people.
timesofindia.indiatimes.com | 06-Feb-2012 17:12
Gold drops on lower buying interest, silver recovers
Gold prices eased further at the bullion market on Monday on lack of local buying interest amidst subdued stockist and investor demand on the back of bearish European cues.
timesofindia.indiatimes.com | 06-Feb-2012 16:28
Tata Teleservices to file review petition on Supreme Court order on 2G
Tata Teleservices said it will file a review petition against the SC order as the company had applied for these licences more than 18 months before the 2008 licensing process began.
timesofindia.indiatimes.com | 06-Feb-2012 15:40
Demand for nutrition food to grow in India: Nestle
Global nutrition major Nestle sees potential growth for its food products that meet specific dietary needs not met through normal diets in India due to changing lifestyle.
timesofindia.indiatimes.com | 06-Feb-2012 15:29
Rupee down 36 paise vs dollar
Snapping four-session gaining spree, the rupee today lost 36 paise to close at 49.05/06 against the dollar due to fresh buying of the American currency by importers.
timesofindia.indiatimes.com | 06-Feb-2012 14:50
Uninor to bid for 2G spectrum auction
New operator Uninor, a joint venture between Telenor of Norway and Unitech, said the company will participate in 2G spectrum auction but did not rule out exit option from the Indian market.
timesofindia.indiatimes.com | 06-Feb-2012 13:57
Budget 2012 likely to increase income tax exemption limit to Rs 2 lakh
The committee also proposes that the highest personal income tax rate of 30% should apply to annual income above Rs 10 lakh, as against Rs 8 lakh.
timesofindia.indiatimes.com | 06-Feb-2012 13:34
Delhi Court directs lodging of FIR on plea against Volkswagen's MD
A court has directed Delhi Police to lodge an FIR on a complaint against a top executive of Germany-based Volkswagen, directors of its authorised car dealer and a official of transport department on the issue of illegal charges levied on buyers.
timesofindia.indiatimes.com | 06-Feb-2012 12:37
Sensex closes 102 points up led by realty, capital goods stocks
The Bombay Stock Exchange benchmark sensex registered gains for the fifth straight session, rising over 102 points as realty and capital goods stocks led the rally on continued buying by funds, amid firm trend in the Asian region.
timesofindia.indiatimes.com | 06-Feb-2012 12:24
Sensex closes 71 points up
A benchmark index for Indian equities markets gave up some of its intra-day gains to provisionally close 71 points higher.
timesofindia.indiatimes.com | 06-Feb-2012 11:49
SpiceJet posts Rs 39.26 crore Q3 loss
Budget airline SpiceJet on Monday posted a loss of Rs 39.26 crore for the quarter ended December 31, 2011, due to escalating ATF prices and increase in the US dollar rates.
timesofindia.indiatimes.com | 06-Feb-2012 11:28
Inflation to continue around 7% till March: Pranab Mukherjee
Union finance minister Pranab Mukherjee said on Monday headline inflation would continue around seven percent till March.
timesofindia.indiatimes.com | 06-Feb-2012 10:45
Hindustan Unilever Q3 net up 18.24% at Rs 753.81 crore
FMCG giant Hindustan Unilever Limited (HUL) on Monday said its net profit rose by 18.24 per cent to Rs 753.81 crore for the third quarter ended December 31, 2011, over the same period previous fiscal.
timesofindia.indiatimes.com | 06-Feb-2012 10:17
Piramal Healthcare raises 18bn rupees via CPs for Vodafone stake
Indian drugmaker Piramal Healthcare raised 18 billion rupees through commercial papers with 30-day and 75-day maturities, to pay in part for raising its stake in Vodafone India unit, a company executive said on Monday.
timesofindia.indiatimes.com | 06-Feb-2012 08:43
Gold futures rise on global cues
Buoyed by a firming global trend, gold prices rose by Rs 124 to Rs 28,347 per ten grams in futures trade on Monday.
timesofindia.indiatimes.com | 06-Feb-2012 08:40
Rupee up 9 paise against dollar in early trade
The rupee moved up by 9 paise to trade at 48.60 against the dollar on the Interbank Foreign Exchange market in early trade today on increased foreign fund inflows.
timesofindia.indiatimes.com | 06-Feb-2012 05:57
Iran issues ultimatum to India over gas field
Iran has given a one-month ultimatum to an Indian consortium over the development of a gas field whose delay by India has been attributed to western pressure.
timesofindia.indiatimes.com | 06-Feb-2012 05:54