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Thursday, October 28, 2021

Economy to grow 7-7.5 pct: Plan Panel

May 8, 2009 12:35:23 pm

India will expand at 7-7.5 pct in current fiscal that began in April,a PlanComm member said.

Rupee rebounds to 49.25 against dollar

May 8, 2009 10:40:49 am

The Indian rupee pulled back from early lows on Friday,tracking a drop in the dollar index.

Oracle won’t divest Sun’s hardware biz

May 8, 2009 10:31:02 am

Oracle Corp CEO Larry Ellison said he won't sell off Sun Microsystems Inc's hardware business.

GM posts $10 billion Q1 loss

May 7, 2009 4:43:01 pm

GM said it burned through $10.2 billion in the first quarter,operating under a federal bailout.

JLR’s talks with UK govt close to collapse

May 7, 2009 2:33:12 pm

The fate of JLR is uncertain as talks with UK govt over a financial package has virtually failed.

Inflation seen at 0.65 pct on April 25

May 6, 2009 4:13:44 pm

The annual inflation rate is expected to have risen for the third consecutive week in late April.

AIG reveals $454 mn in 2008 bonuses

May 6, 2009 11:05:04 am

Some of the retention bonuses were returned by employees after the firestorm of criticism.

IMF urges more rate cuts in Asia

May 6, 2009 9:09:49 am

The IMF's projections are for Asia's growth to pick up to 4.3% in 2010 from 1.3 per cent in 2009.

Battered UBS reports $1.8 bn Q1 loss

May 5, 2009 5:52:31 pm

Swiss banking major UBS has posted a first quarter loss of two billion Swiss francs and has warned of economic turmoil negatively.

ICICI hopeful of single-digit interest rates

May 5, 2009 4:25:30 pm

Chanda Kochhar has expressed hope that interest could fall to single-digit level in coming months.

AIG to post first-quarter loss: Source

May 5, 2009 2:44:25 pm

American International Group Inc is expected to post a first-quarter loss on Thursday.

Citigroup eyes new ways to pay employees

May 5, 2009 2:32:04 pm

Citigroup may put more employees on commission or offer them larger base salaries.

Rupee appreciates to 49.61 against dollar

May 5, 2009 10:07:47 am

On Monday,the Indian rupee had ended 12 paise higher at 49.92/94 against the greenback.

Jet hands over pink slips to 110 employees

May 1, 2009 5:16:24 pm

Faced with mounting costs and falling revenues,private airline Jet Airways has laid off 110 employees.

Oil falls below $51 amid weak consumer spending

May 1, 2009 2:21:13 pm

Oil prices fell below USD 51 a barrel in Asia as investors clung to a month-long trading range amid uncertainty.

Maruti sales up 15% in April

May 1, 2009 1:08:26 pm

Car market leader Maruti Suzuki India Limited reported a 15.09% increase in sales during April at 71,748 vehicles.

More Americans to lose jobs: Obama

April 30, 2009 3:37:12 pm

As the US clears the meltdown 'wreckage',more Americans will lose jobs,Barack Obama said.

Dhanalakshmi Bank to hire 1300 employees

April 30, 2009 1:23:50 pm

The bank plans to add 66 new branches all over India this year to total 273 branches.

RBI may cut rates again after polls: HSBC

April 29, 2009 3:44:40 pm

RBI may cut key rates by a further 25 bps after a new govt assumes power,HSBC said in a note.

Citibank cuts PLR by 25 basis points

April 29, 2009 2:22:51 pm

Foreign lender Citibank cut its benchmark lending rate by 25 basis points to 14.75 per cent,a week after the RBI reduced short-term policy rates by quarter percentage point.

ArcelorMittal posts net loss of $1.1 bn in Q1

April 29, 2009 11:35:33 am

Steel behemoth ArcelorMittal reported a $1.1 bn loss in the first quarter ended March 2009.

Rupee spikes to 50.20 against dollar

April 29, 2009 10:34:51 am

The Indian rupee hardened by 31 paise at 50.20 against the greenback on account of fresh capital inflows by funds amid a weak dollar overseas.

Bharti Airtel gains 4 pct as Q4 net zooms

April 29, 2009 10:33:03 am

Bharti Airtel surged nearly four per cent after an impressive 21 per cent jump in its net profit.

GM to force more than 1,000 dealers to close

April 29, 2009 8:57:21 am

GM told its dealers that it will force 1,000 to 1,200 underperforming locations to close their doors.

Sensex slips 370 pts on profit selling

April 28, 2009 4:26:26 pm

Snapping a three-day rising streak,the Sensex on Tuesday tumbled by over 370 points.