Sunday 12 February 2012
News updated at 2:17 AM IST
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Business

Exuberant Indian markets gloss over economic reality

Surging capital inflows, booming stock markets and a fast-appreciating currency suggest the India story is again shining after a dismal 2011.

Google gets forex violation notice from ED

The Enforcement Directorate (ED) has issued a foreign exchange violation notice to internet giant Google for alleged irregularities in transfer of funds to its foreign entities.

‘Domestic IT spend to reach $36 b’

The domestic IT market is expected to be $36 billion by 2015 driven by higher adoption in small amd medium business segment, says a study by market research firm Zinnov.

RCom Q3 net profit dips 61%

Reliance Communications has reported a decline of 61.25 per cent in its consolidated net profit at Rs 186 crore for the quarter ended December 31,2011.

Panasonic aims to be No 1 in AC mart by ’13

Consumer electronics major Panasonic India Pvt Ltd aims to achieve the leadership position of 25 per cent by March 2013 in the split airconditioning market.

OIL clears 3:2 bonus shares, interim dividend of Rs 10 a share

State-owned explorer Oil India today said its board of directors have agreed to issue 3:2 bonus shares -- three shares for every two held.

Insurance biz may see 14pc de-growth this year: Irda

J Harinarayana
India's insurance sector may see de-growth of 13-14 per cent this fiscal, according to the sectoral regulator Irda.

S&P downgrades 34 Italian banks

Standard & Poor's rating agency has downgraded 34 Italian banks.

Govt hopes to get cos bill passed in Budget Session

The government today said it hopes to get the new Companies Bill, which will replace the half-a-century old Act, passed in the upcoming Budget Session.

Greek cabinet approves debt deal after PM warns of 'chaos'

Greek Prime Minister Lucas Papademos (C) arrives for a cabinet meeting in Athens- Reuters Photo
Greece's cabinet today approved tough austerity measures demanded by EU and IMF creditors after the prime minister warned that a failed debt deal and default would spark ''uncontrolled chaos''.

RIL's KG-D6 may see a further dip in output

Reliance Industries' eastern offshore KG-D6 gas fields may see a further decline in output until new wells are brought to production, the company's minority partner Niko Resources has said.

Exuberance guaranteed with XUV500

Picture by the author.

Indian auto major Mahindra and Mahindra (M and M) created history in the Indian automobile market last October, when the company suspended bookings of a new vehicle within 10 days after its launched.

Movie Guide
A Scene from the movie AK 56

AK56 is a Kannada language film by action film director Om Prakash Rao. It is Siddanth's second[...]

Photo Gallery
Sonu Nigam performs at the Palace Grounds in Bangalore

Sonu Nigam performs at the Palace Grounds in Bangalore

A herd of elephants was spotted near Chikkahole

A herd of elephants was spotted near Chikkahole

Actor Ashok takes a look at pictures  at the Belli Hejje programme

Actor Ashok takes a look at pictures at the Belli Hejje programme

An Army man shoots a pot during a sky diving and fire power demonstration

An Army man shoots a pot during a sky diving and fire power demonstration

An actor, dressed up as TV character Chhota Bheem, entertains children at a school in Gurgaon

An actor, dressed up as TV character Chhota Bheem, entertains children at a school in Gurgaon

A white tigress plays with her newborn cub at the state zoological park in Guwahati

A white tigress plays with her newborn cub at the state zoological park in Guwahati

Women voters show their marked fingers...

Women voters show their marked fingers...

A paralyzed voter is carried by a relative...

A paralyzed voter is carried by a relative...

First time voters show their marked fingers after casting their votes...

First time voters show their marked fingers after casting their votes...

A polling official marks the index finger of a woman voter...

A polling official marks the index finger of a woman voter...