Tuesday, 2 April 2013

Ambani brothers move past feud with telecom pact

Ambani brothers move past feud with telecom pact

Ambani brothers move past feud with telecom pact

By Devidutta Tripathy and Aradhana Aravindan. NEW DELHI/MUMBAI | Tue Apr 2, 2013 7:28pm IST. NEW DELHI/MUMBAI (Reuters) - Billionaire Ambani brothers will share a fibre optic network for their rival telecoms companies, their first business tie-up ...
IPL dues: HC says Maharashtra govt may attach cricket assns

IPL dues: HC says Maharashtra govt may attach cricket assns' properties

The Bombay High Court today said that Maharashtra government should consider taking legal action against those cricket associations, who have defaulted on arrears to the police for providing security cover during the IPL matches, if they failed to pay the ...
Slow growth to continue in April-June: Bajaj Auto MD

Slow growth to continue in April-June: Bajaj Auto MD

Bajaj Auto , India's second largest two-wheeler maker reported a 10 percent year-on-year decline in sales in March at 3.01 lakh units amid continued sluggish demand for motorcycles. Rajiv Bajaj, MD of the company feels the market for auto sector remains ...
Ashok Leyland sales marginally down in March

Ashok Leyland sales marginally down in March

Chennai: Commercial vehicle major Ashok Leyland has reported a marginal dip in sales in March at 14,020 units. The city-based Hinduja Group company sold 14,266 units during March 2012. Sales of commercial vehicles declined by 19.6 per cent in March ...
Kingfisher: Bombay High Court refuses relief to Vijay Mallya, banks free to sell ...

Kingfisher: Bombay High Court refuses relief to Vijay Mallya, banks free to sell ...

MUMBAI: In a setback to liquor baron Vijay Mallya, the Bombay High Court today refused to restrain banks from selling shares of United Spirits pledged as security against loans to Kingfisher, apparently jeopardising his plans to complete stake sale to Diageo ...
Cyprus finance minister quits, capital controls partly eased

Cyprus finance minister quits, capital controls partly eased

By Michele Kambas. NICOSIA | Tue Apr 2, 2013 7:31pm IST. NICOSIA (Reuters) - Cypriot Finance Minister Michael Sarris quit on Tuesday after concluding talks with foreign lenders on a bailout that forced the island to slap unprecedented losses on bank ...
7 stocks will upgrade for 10 downgraded by CY13 end: CRISIL

7 stocks will upgrade for 10 downgraded by CY13 end: CRISIL

While things aren't getting worse, the road upwards is going to be fairly torturous and slow. Ramraj Pai. President. Crisil Ratings. According to Ramraj Pai, president, CRISIL Ratings the credit quality by the end of CY13 will be 0.75-0.85. This means that about ...
Maruti Suzuki March sales down 5%

Maruti Suzuki March sales down 5%

Country's largest car maker Maruti Suzuki India (MSI) on Tuesday reported 4.8 per cent decline in sales in March at 1,19,937 units. This is against 1,25,952 units sold in the same month last year, MSI said in a statement. However, for the financial year 2012-13 ...
Expect gradual recovery in auto sales: Religare

Expect gradual recovery in auto sales: Religare

India's two-wheeler industry continued to show signs of fatigue off a high base, with Bajaj Auto, Hero MotoCorp and TVS Motor (TVSL) witnessing volume drops of 11.2%/ 11.4%/ 10% YoY. HMSI continued to report better numbers and garner market share ...