Thursday, 23 May 2013

Tata Steel reports loss in its fourth quarter on Europe weakness

Tata Steel reports loss in its fourth quarter on Europe weakness

Tata Steel reports loss in its fourth quarter on Europe weakness

NEW DELHI: Tata Steel Ltd, India's largest steelmaker by market value, swung to a loss in its fourth quarter, hit by weak demand in Europe, its top market and production region. The company's January-March net loss was 65.29 billion rupees ($1.2 billion), ...
SBI to invest in high quality stocks only: Chaudhuri

SBI to invest in high quality stocks only: Chaudhuri

"We have decided to do trading in high quality stocks only, preferably the Nifty stocks which have good volumes and less volatility," Chaudhuri said at a news conference here. Add to My Page. Read more on: SBI | Pratip Chaudhuri | stocks | Markets | Bank ...
RIL jet engine fails, makes emergency landing

RIL jet engine fails, makes emergency landing

Mumbai: A Falcon 900 business jet belonging to Mukesh Ambani-led Reliance Industries Ltd (RIL) made an emergency landing with three passengers on board at the city airport due to an engine failure, airport authorities said on Thursday. Aviation regulator ...
Dish TV Q4 standalone loss lowers to Rs 43.62 crore

Dish TV Q4 standalone loss lowers to Rs 43.62 crore

Mumbai: Direct-to-home company Dish TV posted on Thursday a lower standalone loss of Rs 43.62 crore for its fourth quarter that ended on March 31, 2013 against a loss of Rs 49.02 crore for the same period last year. Dish TV's total income from operations, ...
Government to issue clarifications in FDI policy: trade minister

Government to issue clarifications in FDI policy: trade minister

New Delhi: Commerce and Industry Minister Anand Sharma said on Thursday that the government will issue certain clarifications in foreign direct investment policy which will come into effect prospectively. "...there will be some clarifications on FDI policy.
Vedanta raises $1.7bn via bonds to repay part of Cairn debt

Vedanta raises $1.7bn via bonds to repay part of Cairn debt

Vedanta Resources will use the $1.7 billion (Rs 9,500 crore) it has raised through bonds to partly repay the debt taken for its Cairn India acquisition. "Vedanta Resources Plc announced the pricing of the offering of bonds in the aggregate principal amount of ...
Bhel net profit drops 4.2% in Q4

Bhel net profit drops 4.2% in Q4

State-owned power equipment major Bhel on Thursday reported a 4.2 per cent drop in net profit at Rs 3,327.54 crore for the quarter ended March 31. The company had reported net profit of Rs 3,379.81 crore in the January-March quarter of the previous ...
Sebi could play a role in Ranbaxy if Daiichi allegations true

Sebi could play a role in Ranbaxy if Daiichi allegations true

The Securities and Exchange Board of India (Sebi) could potentially play a role in the Ranbaxy-Daiichi saga. The stock market regulator could probe the company on the basis of possible violations of the takeover code or under laws governing fraudulent ...
Subbarao overruled panel view on rate action in May

Subbarao overruled panel view on rate action in May

MUMBAI: Reserve Bank of India Governor Duvvuri Subbarao went against the suggestion of a majority of external members of the central bank's monetary policy committee that recommended no change in repo rate at the annual monetary policy statement ...
US Slaps Ban on Another Indian Drug Maker

US Slaps Ban on Another Indian Drug Maker

MUMBAI—The U.S. Food and Drug Administration has slapped an import ban on Indian drug maker Wockhardt Ltd. after one of the company's plants failed an FDA safety inspection. The import ban only applies to drugs from one of Wockhardt's factories in ...