Saturday 9 November 2013
Wednesday 6 November 2013
November 6, 2013 Last Updated at 14:33 IST
Another disappointing quarter for BHEL, net profit drops 64%
Company posts fifth straight drop, slowdown in demand affects sales
Bharat Heavy Electricals (BHEL) posted a worse-than-expected 64% fall in quarterly net profit on Wednesday, the fifth straight drop, as a slowdown in demand ate into the sales of the country's largest power equipment maker.
Another disappointing quarter for BHEL, net profit drops 64%
Company posts fifth straight drop, slowdown in demand affects sales
Bharat Heavy Electricals (BHEL) posted a worse-than-expected 64% fall in quarterly net profit on Wednesday, the fifth straight drop, as a slowdown in demand ate into the sales of the country's largest power equipment maker.
Tuesday 5 November 2013
Intex Technologies to expand consumer durables range; eyes Rs 2000 crore sales
5 Nov, 2013, 01.59PM IST
Intex Technologies to expand consumer durables range; eyes Rs 2000 crore sales
NEW DELHI: Consumer electronics firm, Intex Technologies, today said it will expand its consumer durables portfolio with the launch of new products such as washing machines, air conditioners and fans as it chases annual turnover target of Rs 2,000 crore in the current fiscal. The company had reported a turnover of Rs 1,069 crore in the last financial year.
Intex Technologies, which at present sells CRT TVs, LED TVs, Induction cooker, is foraying into washing machines category later this month.
Intex Technologies to expand consumer durables range; eyes Rs 2000 crore sales
NEW DELHI: Consumer electronics firm, Intex Technologies, today said it will expand its consumer durables portfolio with the launch of new products such as washing machines, air conditioners and fans as it chases annual turnover target of Rs 2,000 crore in the current fiscal. The company had reported a turnover of Rs 1,069 crore in the last financial year.
Intex Technologies, which at present sells CRT TVs, LED TVs, Induction cooker, is foraying into washing machines category later this month.
November 5, 2013 Last Updated at 10:46 IST
Services PMI continues to contract, but moderately
Although up from previous month, the index stood at 47.1 points, indicating contraction
Activity in the services sector, which occupies the largest share in the Indian economy, deteriorated moderately in October, according to the widely-tracked HSBC Purchasing Managers' Index (PMI) released today.
Services PMI continues to contract, but moderately
Although up from previous month, the index stood at 47.1 points, indicating contraction
Activity in the services sector, which occupies the largest share in the Indian economy, deteriorated moderately in October, according to the widely-tracked HSBC Purchasing Managers' Index (PMI) released today.
Monday 4 November 2013
Top 8 cos add Rs 47,381 cr in market value; CIL, Bharti shine
November 4, 2013 Last Updated at 15:53 IST
Top 8 cos add Rs 47,381 cr in market value; CIL, Bharti shine
M-cap of Bharti spurted by Rs 8,675 crore to Rs 1,46,045 crore, making the telecom major the biggest gainer among the top-10 firms
Helped by rally in the market value of Coal India Ltd and Bharti Airtel, top-eight Sensex companies saw their total market valuation climb by a cumulative Rs 47,381 crore last week.
While TCS, RIL, ONGC, CIL, HDFC Bank, Bharti, HDFC and HUL saw rise in their market capitalisation (m-cap), ITC and Infosys suffered losses.
Top 8 cos add Rs 47,381 cr in market value; CIL, Bharti shine
M-cap of Bharti spurted by Rs 8,675 crore to Rs 1,46,045 crore, making the telecom major the biggest gainer among the top-10 firms
Helped by rally in the market value of Coal India Ltd and Bharti Airtel, top-eight Sensex companies saw their total market valuation climb by a cumulative Rs 47,381 crore last week.
While TCS, RIL, ONGC, CIL, HDFC Bank, Bharti, HDFC and HUL saw rise in their market capitalisation (m-cap), ITC and Infosys suffered losses.
Saturday 2 November 2013
State Bank cuts short-term bulk deposit rate as liquidity eases
Mumbai November 1, 2013 Last Updated at 00:49 IST
State Bank cuts short-term bulk deposit rate as liquidity eases
But hikes 180-210 day deposits by 20 bps; other banks maintains status quo
State Bank of India, the country’s largest lender, has reduced short-term bulk deposit rate by 200 basis points as liquidity in the banking system is becoming comfortable. However, it has raised the rate by 20 bps for a particular maturity, of 180 to 210 days.
http://indiabusiness.info/IndiaNewsEtc.Page17-7Business-Economy.htm#StateBankCutsShortTerm
http://www.indiabusiness.info
State Bank cuts short-term bulk deposit rate as liquidity eases
But hikes 180-210 day deposits by 20 bps; other banks maintains status quo
State Bank of India, the country’s largest lender, has reduced short-term bulk deposit rate by 200 basis points as liquidity in the banking system is becoming comfortable. However, it has raised the rate by 20 bps for a particular maturity, of 180 to 210 days.
http://indiabusiness.info/IndiaNewsEtc.Page17-7Business-Economy.htm#StateBankCutsShortTerm
http://www.indiabusiness.info
Friday 1 November 2013
Recovery signs clear
New Delhi November 2, 2013 Last Updated at 00:43 IST
Recovery signs clear, says Chidambaram
CAD this year would be brought down to $60 bn or about 3.1% of GDP and the fiscal deficit would be contained at 4.8% of GDP
Saying the economy was showing signs of recovery, Finance Minister P Chidambaram said on Friday that the current account deficit (CAD) this year would be brought down to $60 billion or about 3.1 per cent of gross domestic product (GDP) and the fiscal deficit would be contained at 4.8 per cent of GDP.
http://indiabusiness.info/IndiaNewsEtc.Page17-7Business-Economy.htm
http://www.indiabusiness.info
Recovery signs clear, says Chidambaram
CAD this year would be brought down to $60 bn or about 3.1% of GDP and the fiscal deficit would be contained at 4.8% of GDP
Saying the economy was showing signs of recovery, Finance Minister P Chidambaram said on Friday that the current account deficit (CAD) this year would be brought down to $60 billion or about 3.1 per cent of gross domestic product (GDP) and the fiscal deficit would be contained at 4.8 per cent of GDP.
http://indiabusiness.info/IndiaNewsEtc.Page17-7Business-Economy.htm
http://www.indiabusiness.info
D-Street lights up before Diwali, shadows remain
Mumbai
November 2, 2013 Last Updated at 00:59 IST
D-Street lights up before Diwali, shadows remain
Sensex hits a new peak but investors keep fingers crossed about durability of recent upsides
The Sensex has gained close to 10 per cent in 2013 and has been among the top emerging market performers in the period. But in dollar terms, it has been a laggard, with a decline of almost three per cent. Also, unlike in 2008, the rally has escaped most indices. While the BSE Small-cap Index was 58 per cent lower than its all-time high, the Mid-cap Index was lower by 40 per cent and the realty index by 90 per cent.
AT&T prepares for Vodafone takeover next year
A merger, which would create the world's largest telecommunications operator by sales, wouldn't be AT&T's first attempt at combining the companies
Globe-spanning company
Combined, Vodafone and AT&T would be a globe-spanning telecommunications player with a market capitalisation exceeding $250 billion and large-scale operations in the US and across Europe. With more than 500 million wireless subscribers worldwide, the company would be able to challenge Google Inc and Apple Inc when negotiating handset subsidies and wringing profit out of nascent technologies such as mobile advertising.
indiabusiness.info/Page-15e-Business.htm#ATAndTPreparesForVodafoneTakeoverNextYear
Globe-spanning company
Combined, Vodafone and AT&T would be a globe-spanning telecommunications player with a market capitalisation exceeding $250 billion and large-scale operations in the US and across Europe. With more than 500 million wireless subscribers worldwide, the company would be able to challenge Google Inc and Apple Inc when negotiating handset subsidies and wringing profit out of nascent technologies such as mobile advertising.
indiabusiness.info/Page-15e-Business.htm#ATAndTPreparesForVodafoneTakeoverNextYear
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