Market Bureau

Gold Rush : Scales new highs on Rupee weakness

Mumbai : Marching ahead with its stellar performance Gold climbed to new highs of 31400 per 10 GRMS today. Weakness in rupee also helped it to hit new high in rupee terms. Traders said gold...

Suzuki chief Osamu Suzuki visits Manesar facility

Manesar : In a “morale boosting exercise”  Suzuki Motor Chairman Osamu Suzuki visited Maruti’s troubled Manesar car factory here on Monday. The Manesar facility has two operating plants, while the third ‘Plant C’ will start production...

Apex Court extends deadline for 2G Auction

Supreme Court agreed to fix a new deadline for conducting the auction. The apex court has directed the Government that it should complete the auction by January 11, 2013. Aspiring telecom operaters that want to...

PM-manmohan-singh

“COALGATE” – CAG Report flawed, disputable says PM

Prime Minister Mr. Manmohan Singh on Monday attacked the Comptroller and Auditor-General’s (CAG) report on the coal blocks allocation, saying any allegation of impropriety was without basis and unsupported by facts. Taking full responsibility, as...

Aashish Nanavati appointed VP-Marketing at Logicserve

Logicserve Group, a global online marketing company, today announced the appointment of Aashish Nanavati as Vice President-Marketing & Channel Development, Logicserve Digital. In his new role as Vice President-Marketing & Channel Development, Logicserve Digital, Aashish’s...

euro-bull-run-wall-street

European market’s bull run

Europe’s stock indices have pointed upwards in end-of-week trading, continuing their gains in recent days. The bullish mood has been backed by political comments about the eurozone’s ability to cope with the crisis. European shares...

Jupiter Infomedia to list on BSE’s SME platform

The equity shares of Jupiter Infomedia Ltd will be listed on the SME platform of the Bombay Stock Exchange on August 16. Jupiter Infomedia’s public issue, which opened on July 30 and closed on August...

S&P downgrades cellphone maker Nokia

Standard and Poor’s, on Wednesday downgraded Finnish cellphone maker Nokia’s long—term corporate credit rating to BB—, from BB+, citing the likelihood of the company’s deteriorating profitability. S&P also lowered the issue rating for the group’s...

July steel imports up 21%

India’s steel imports continued to rise on rising consumption. This is despite the recent hike in import duty on certain category of flat alloy products. For the April-July period, steel imports from Korea and Japan...

Airtel blocking intl calls alleges RCom

Reliance Communications approached telecom tribunal TDSAT accusing Bharti Airtel of blocking international calls originated on its network instead of forwarding them to Intelligent Network – a services used for toll free numbers. As per the...

Ramky Infra divests stake in Gwalior SPV

The Hyderabad-based infrastructure company, Ramky Infrastructure has divested part of its stake in a special purpose vehicle created to execute a road project in Madhya Pradesh to Era Infra. Ramky brought down to 26 per...

Godrej Ind Q1 net up 38% at Rs 40 cr

Driven by strong performance in all verticals, Godrej Industries today posted 38 per cent growth in consolidated net profit for the first quarter ended June 30 at Rs 40 crore against Rs 29 crore in...