Business News

  • 'Small businesses' tight credit hurts recovery' FE - Thu, Nov 19

    US Treasury Secretary Timothy Geithner on Wednesday said tight credit for small business would hinder the economic recovery and called on banks to boost lending to smaller firms.

  • No AI disinvestment, IPO for at least 5 yrs FE - Tue, Nov 17

    Despite equity support from the government, the financial mess at Air India is unlikely to abate soon, as the cash-strapped carrier would not be able to bring in funds through disinvestment or an IPO for a period of at least five more years.

  • China's new policy is a wake up call for Indian steel sector FE - Tue, Nov 17

    The Chinese government is planning to "form one or two super-scale steel complexes with individual production capacity in excess of 100 million tonne by 2015, as well as a certain number of 50-mt steel enterprises," according to a government statement.

  • Divergent Dollar Index, Sensex indicate higher FII inflows FE - Tue, Nov 17

    In the last one month, at the Bombay Stock Exchange, the Dollar Index has moved opposite to the bellwether Sensex, except for five days.

  • Strong global cues, heavyweight buys cheer mkts; Sensex up 184 pts FE - Tue, Nov 17

    Indian equity indices throughout the trading session remained upbeat and ended the day with smart gains following strong cues from global markets, coupled with buying in the benchmark heavyweight.

  • Vegetable oil imports at record high of 87 lakh tonne in '08-09 FE - Tue, Nov 17

    The country's vegetable oil imports, including edible, non-edible and vanaspati in 2008-09 (November-October), touched an all-time high of 86.6 lakh tonne, up 37% from 63.1 lakh tonne in the previous year.

  • Cox and Kings fixes IPO price band FE - Mon, Nov 16

    Travel and hospitality firm Cox and Kings said it has fixed the price band between Rs 316 and Rs 330 for its maiden issue, that will see 29.08 per cent of the company's shares being offered to the public.

  • Sensex surges 194 points in early trade FE - Mon, Nov 16

    The Bombay Stock Exchange benchmark index Sensex gathered more than 194 points to trade over 17,000 points level, extending previous session's gains on continued buying by funds, driven by firming trends on the other Asian bourses.

  • Top 8 cos add Rs 1 lk cr in m-cap FE - Sun, Nov 15

    The country's most valued firm Reliance Industries helped eight of the top-10 Sensex firms add over Rs 1 lakh crore in their market valuation during the last week, while the state-run MMTC and private telecom services provider Bharti Airtel saw value erosion.

  • Sensex soars 10% in Nov as dollar slides FE - Sat, Nov 14

    Global factors that helped Indian bourses rise by over 10 per cent in November so far, may continue to power a short-term bull run next week as well as investors turn to risky assets following sliding dollar against a basket of currencies.

  • Buffett tells students worst is behind us FE - Fri, Nov 13

    Capitalism is still alive and well, say the world's two richest men, despite lingering shocks from the longest, deepest recession since the Great Depression.

  • Boeing completes crucial fix on first 787 FE - Fri, Nov 13

    Boeing Co said on Thursday that it has completed work to address a structural problem on its delayed 787 Dreamliner, and still expects the airplane's maiden flight to take place before year's end.

  • India growing, but per capita wealth a concern FE - Fri, Nov 13

    China, India and Indonesia have been the fastest growing economies in Asia-Pacific and aided the region in staving off an overall contraction, said a Standard & Poor's (S&P) recent article, The Best And The Rest, which ranks the Asia Pacific sovereign credits.

  • H-1B with uncertified LCAs to be accepted FE - Thu, Nov 12

    US immigration authorities have announced that they would accept petitions for H-1B visas, popular among Indian professionals, without the certified Labour Condition Applications (LCAs) for a 120-day period till March 4 next year in view of processing delay at Department of Labour.

  • GM needs new Buick Regal, Chevy Cruze to be hits FE - Thu, Nov 12

    Two General Motors cars due in showrooms next year must be hits to help the automaker turn around sales and pay back its big debt to US taxpayers.

  • Tata Steel approves offer for securities FE - Thu, Nov 12

    Tata Steel on Thursday said it has approved an exchange offer for an existing $875 million securities into foreign currency convertible bonds to reduce the company's future debt obligations.

  • Bill Gates says Wall Street pay too high FE - Thu, Nov 12

    Bill Gates said on Wednesday he believes Wall Street pay is "often too high" and that US government ownership of American International Group Inc worries him because it has devalued the giant insurer.

  • HP to buy 3Com for $3.1 bn FE - Thu, Nov 12

    Hewlett-Packard Co is making a move into the network equipment market by striking a $3.1 billion deal for 3Com Corp, in a major challenge to Cisco Systems Inc.

  • Hyundai sees 2010 sales improving FE - Thu, Nov 12

    Hyundai Motor Co expects its global sales in 2010 to be better than last year, its president and CEO said on Thursday.

  • India, China to propel Honda growth FE - Thu, Nov 12

    The continuous slowdown in demand in developed markets like the US and Europe have led Honda Motor Corporation of Japan to focus on China and India for future growth.


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