Mumbai: The Indian rupee touched at 46.15/16 per dollar, its strongest since Sept. 26, 2008. The dollar’s fall and a strong stock market start may trigger more capital inflows. “Weaker dollar overseas is fuelling selling, it is a sell uptick story,” said Ashtosh Raina, head of foreign exchange trading at HDFC Bank. Low U.S. interest [...]
New Delhi: Air India pilot Ranbir Arora and a co-pilot Aditya Chopra, who were accused of molestation and assault of airhostess, Komal Singh, were arrested when the latter filed a complained. The accused were later released on bail. Airhostess Komal Singh claimed that on Ocotber 3, aboard the Sharjah-Delhi flight, she was assaulted and molested [...]
Mumbai: According to Asia-Pacific Wealth Report released by Merrill Lynch Wealth Management and Capgemini, India’s high net worth individual (HNI) population shrank by 31.6 per cent in 2008. A drop in the pace of economic growth and erosion in market capitalization are cited to be the reasons for the dip. This is the second largest [...]
New Delhi: The car sales in the month of September has taken the speed of a bullet to record a double-digit growth this year as compared with just 1.31 per cent last year on the back of optimistic sales in the first half of 2009-10 as reported by the Society of Indian Automobile Manufacturers (Siam). [...]
Mumbai: Reliance Industry says, one bonus share will be issued for every share held by an investor. The company has also declared a dividend of 130% or Rs 13 per fully paid-up equity share of Rs 10. A company statement said, “The proposal for bonus and dividend continues Reliance’s tradition of rewarding shareholders on a [...]
The Indian IT industry is expecting sequential growth in the second quarter of fiscal 2010 by upgrading business sentiments and favourable cross currency movements. This could prompt Infosys Technologies to improve its fiscal 2010 revenue forecast to a flattish year-on-year growth, compared with its prior downbeat projections. Infosys, which will announce its numbers on Friday, [...]
New Delhi: As the Commonwealth Games 2010, leaving some of its best rivals, Air India has been termed as the official carrier. It would be providing special charters and services for the games. The Commonwealth Games has been scheduled between 3rd and 14th October, 2010. Air India has already sign the Memorandum of Understanding for [...]
The cellular telephony market is one of the fastest growing sector in the world. Taking advantage of its growth, US-based handset maker Motorola today said it will launch seven new handsets (out of which six would be a part of Motorola’s Yuva series) in the next three months in India. This launch is in sync [...]
Planning Commission Deputy Chairman Montek Singh Ahluwalia said that India will grow at more than 6.3 per cent exceeding the Commission’s forecast as the impact of drought would not be as bad as anticipated earlier. Ahluwalia told reporters here, “I am not revising the original forecast (of 6.3 per cent), the Planning Commission had made…But [...]
Mumbai: Indian cotton exports are set to bound a new turn as world cotton market fundamentals are turning in India’s favour. Given bright crop scenario, India’s cotton export prospects too are beginning to brighten. Growers are likely to benefit from the evolving market conditions. According to the reports, world exports are poised to bounce back [...]
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