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Posted Sindhuri G
byMUMBAI: Standard Chartered today jumped by over 5 per cent on Indian bourses after financial sector regulators RBI and Sebi allowed partial flexibility in conversion of Indian Depository Receipts (IDRs) into equity share Read More...
Posted Sindhuri G
byNEW DELHI: Diversified finance company Bajaj Finserv today said it plans to raise Rs 941 crore through a rights issue to fund its business growth. Issue of equity shares on a rights basis to its existing equity sharehol Read More...
Posted Sindhuri G
byMUMBAI: Rajnikant Patel, the man who was responsible for the corporatisation and demutualisation of BSE in 2005, has stepped down from his current post of MD & CEO of Indian Commodity Exchange (ICEX). He joined the exch Read More...
Posted Sindhuri G
byKOLKATA: A sharp surge in steel imports has the domestic steel industry on tenterhooks. During June-July 2012, steel imports rose 40% to 1.471 million tones (mt) against imports of 1.01 mt in the same period last year. F Read More...
Posted Sindhuri G
byThe balance sheet health of Idea Cellular will not be affected much in the near term post the 2G spectrum auction even if the bidding gets as aggressive as anticipated by the telecom minister. The provision of upfront p Read More...
Posted Sindhuri G
bySINGAPORE: Brent crude fell towards $112 a barrel on Thursday after oil facilities in the Gulf of Mexico were largely spared storm damage, but maintenance at North Sea fields and a possible strike in Norway's oil sector Read More...
Posted Sindhuri G
byMUMBAI: Engineering conglomerate Larsen & Toubro expects a 30% growth in new orders from the hydrocarbon sector this fiscal, its chief executive officer and managing director told ET. The company hopes to bag Rs 10,000 Read More...
Posted Sindhuri G
byMUMBAI: The rupee declined by 12 paise to 55.74 against the dollar in early trade today at the Interbank Foreign Exchange market on month-end demand from oil importers for the American currency. Besides increased dollar Read More...
Posted Sindhuri G
byTOKYO: Asian shares hit a one-month low on growth concerns while major currencies were range-bound on Thursday as investors waited to see whether US Federal Reserve Chairman Ben Bernanke will give any hint about further Read More...
Posted Sindhuri G
byNEW DELHI: Hero MotoCorp slipped below its psychological level of Rs 1,800 in trade on Thursday and was the top loser both in the Bombay Stock Exchange and the National Stock Exchange. Industry experts are of the view t Read More...
Posted Sindhuri G
byNEW DELHI: Tech Mahindra Ltd plunged over 5 per cent in early trade on Thursday on the report that British telecoms firm BT is selling about 5 per cent stakes of Tech Mahindra Ltd for about $100 million. "BT is selling Read More...
Posted Sindhuri G
byMUMBAI: The Nifty drifted lower after a gap-down opening and was close to 5,250 levels as weak cues from Asian peers weighed on the market sentiment. The trade is likely to remain choppy ahead of the August series deriv Read More...
Posted Sindhuri G
byMUMBAI: Seldom do men and women in the bond market make it to front pages for the right reasons. Occasionally, news of an obscene bonus payout receives flitting attention. But in a market that is less followed, though fa Read More...
Posted Sindhuri G
byTo understand a man, you must understand where he is from. In the case of Raghuram Rajan, the new chief economic adviser to the government, that means not so much Bhopal, where he was born, as Chicago, where the 49-year- Read More...
Posted Sindhuri G
byMUMBAI: A close friend who has worked with him in the past dubs him a 'jugadu' - a local word to describe the attitude of getting the job done any which way. Nothing unusual about that - Indian business is known to thriv Read More...
Posted Sindhuri G
byNEW DELHI: The consultant advising New Delhi's municipal body on the process of maximising returns from the property that houses the iconic Taj Mahal Hotel at Mansingh Road has recommended the Tatas should have the right Read More...
Posted Sindhuri G
byCliched as it may sound, I never planned to be an entrepreneur. Yet, today I am the CEO of Me n Moms, a company that has grown 40% year-on-year for the past five years, posting a turnover of Rs 50 crore in 2010-11. As a Read More...
Posted Sindhuri G
byFor the last six months, SigveBrekke has been an itinerant traveller. The Asia head of Telenor has been traversing the length and breadth of India to the 60 offices of its Indian arm to meet its 17,500 employees and, on Read More...
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