Business Fwire News - Page 30
Budget 2012 a ray of hope for realty?
Hopefully, with increase in liquidity through availability of ECBs and availability of higher deduction for affordable housing, the real estate sector may get some respite from an otherwise stagnant growth pattern.
Tata Motors to increase prices following excise duty hike
Tata Motors said in a statement that the company has decided to increase the prices in proportion to the hike in the excise duty.
Jet fuel to get dearer by 2 percent from midnight
Jet fuel constitutes over 40 percent of an airline's operating cost.
Budget 2012 will be 81st in India's history
Mukherjee will present the Union Budget for the seventh time, the second-highest by any Finance Minister.
Oman govt gas price hike to cost Ominfco Rs 600 crore
Oman has increased the price of gas to $3 per million British thermal unit (mBtu) from January 1, for all the industries including Ominfo.
Airbus deal: CBI awaiting sanction to prosecute govt officials
"As per law the CBI has sought permission of the government for taking up investigation against the officers of the rank of the Joint Secretary and above and the same is under consideration," Minister of state of personnel V Narayanasamy said in a written reply to Lok Sabha.
India, China to boost ailing aviation industry: Ajit Singh
In the last decade, India has made tremendous strides in aviation with traffic carried by domestic airlines growing nearly six-fold from 13 million to around 60 million in 2011, he said.<br /><br />
HC asks Sebi to reconsider MCX-SX application within a month
In the last hearing in November, the High Court had reserved the judgement after the two parties - Sebi and MCX-SX - were unable to settle the matter out-of-court.
Ajit Singh to inaugurate India Aviation 2012
France will be the focus country for the event, while UK will be the partner country and US the guest country.
SBI has no plans to lend more to Kingfisher: Mukherjee
Kingfisher has cleared all its tax and interest dues up to August 2011, Mukherjee told lawmakers in a written reply.
Airbus to showcase business jets at Hyderabad Air Show
The ACJ318 is similar in size externally to traditional large bizjets.
Khazanah sells Yes Bank stake for $105 million
Khazanah sold the shares of Yes Bank in stock market block deals on Monday, said the sources, who did not want to be named as the information is not public yet.
Airtel introduces unlimited international roaming data plan
Bharti Airtel has launched '1-day Bridge DataRoamUnlimited' under which its post-paid users can get unlimited data usage while roaming across Asia Pacific for $10 per day.
Rajesh Exports redeems $150-million foreign bonds
Investors opted for a conversion of 1349 bonds into equity shares, and the payment was done on February 22, the company said in a release.
Nomura's Goel to head i-banking at IIFL
Prior to joining IIFL, Goel was managing director and head of investment banking at Nomura India and has experience of over 15 years.
StanChart in alliance with Google to server SMEs
In keeping with the bank's strategy of constantly striving to meet the evolving needs of its clients, Standard Chartered will actively collaborate with Google to reach out to SMEs to educate them on the benefits of getting online, the bank said in a statement.
Tata Power commissions Mundra UMPP's first 800 MW unit
The first unit of 800 MW was commissioned in a record 48 months of construction work starting on the project, the country's largest private power utility Tata Power said in a statement.
Exxon Mobil sees dip in oil, gas output this year
Exxon Mobil Corp said its 2012 oil and natural gas output would drop 3 percent from last year even as it increases spending to bring several large new projects on line, and its shares fell 1.2 percent.
Deutsche bank to reorganise board before Anshu Jain takeover
Deutsche Bank plans to reorganise its management board by replacing two senior members before India-born Anshu Jain takes over as the co-CEO.
Now, Anand Sharma defends cotton export ban
Anand Sharma defended cotton exports ban, said he will personally speak to Agriculture Minister Sharad Pawar to explain the issue.
Tata steel hikes prices by Rs 1,000 per tonne
Referring to the Kalinganagar project in Odisha, Nerurkar said the work is going on and the progress was far better than expectations.
Essar, PE firms in talks to raise $600 mn for IT services arm
This would be the second global listing from the $17-billion conglomerate, after it raised $2.5 billion in London listing of its energy arm in 2010.
Ford to revamp India biz with small, low-cost models
Ford will launch a slew of new small cars in India over the next three years to target a market it has neglected and ramp up exports to other emerging economies as it doubles capacity in Asia's third-largest economy, where the small car is king
Sugar stocks rise as SP leads in UP elections
Market experts said that the sugar industry expects a favourable policy regime if Samajwadi Party comes to power. Samajwadi Party is emerging as the single largest party leading in 173 of the total 403 seats in Uttar Pradesh Assembly.
Maruti Suzuki goes from 'underperform' to 'outperform'
Credit Suisse raised Maruti Suzuki's target price to 1,671 rupees a share from 1,021 rupees, valuing the shares at their historical average of 11 times FY13 expected cash earnings per share.
Shares of Siemens up after $26 million contract
The contract is to modernise the electricity distribution system in Maharashtra
ONGC share auction example of govt's 'policy paralysis': BJP
BJP today described the handling of auction of ONGC shares as another example of government's "policy paralysis".
Tata Comm seeks $2 billion loan to finance C&W bid
TCL announced that it was evaluating a bid for C&W Worldwide. If a bid emerges, it will mark the return to overseas mergers and acquisitions by the Tata Group after a gap of almost three years.