The New Indian Express - News - RSS Feed from The New Indian Express en Copyright 2012 The New Indian Express. All rights reserved. Tue, 04 Aug 2015 17:17:46 +0530 Tue, 04 Aug 2015 16:19:48 +0530 News Sensex Closes More Than 115 Points Down Investor sentiments were subdued after the central bank maintained status-quo on key lending rates Tue, 04 Aug 2015 16:19:45 +0530 Rajan Says Talking to Government to Hike FPI Cap in Government Bonds Reserve Bank is in discussions with the Finance Ministry to raise the Foreign Portfolio Investment (FPI) cap in government bonds. Tue, 04 Aug 2015 15:57:10 +0530 RBI Holds Rates, Leaves Door Open for More Easing RBI kept its policy rate on hold at 7.25 percent, while leaving the door open to ease further depending on the inflation outlook. Tue, 04 Aug 2015 14:49:37 +0530 SEBI Chief Cautions Small Investors Against Making 'Risky' Gains SEBI cautioned small investors against going in for quick gains through speculation, terming such action as very risky. Tue, 04 Aug 2015 14:11:56 +0530 India Foils UK Firm's Bid to Patent Use of Turmeric, Pine Bark and Tea India has foiled British firm  Pangaea Laboratories Limited's bid to patent the use of turmeric, pine bark and tea for treating hair loss. Tue, 04 Aug 2015 14:09:11 +0530 Euro Rebounds After Drop on Hair-raising Greek Stock Plunge The euro modestly rebounded following a drop in New York as a plunge on the Greek stock market revived worries about Athens' future in the eurozone. Tue, 04 Aug 2015 14:04:50 +0530 Asus to Contract Manufacture Smartphones in India Taiwanese handset maker Asus will start contract manufacturing in India soon. Tue, 04 Aug 2015 13:57:49 +0530 Toyota Says Quarterly Profit up 10% to $5.2 bn, Lifts Sales Forecast Toyota said its net profit for the three months to June jumped 10 percent from a year ago, crediting a weak yen and cost cuts. Tue, 04 Aug 2015 13:14:07 +0530 Sensex Sheds 125 Points Post RBI Policy Review A benchmark index of Indian equities markets, the 30-scrip Sensitive Index (Sensex), was trading at 124.84 points or 0.44 percent down. Tue, 04 Aug 2015 12:45:32 +0530 SBI Rules Out Rate Cut in Near Future SBI ruled out any interest rate cut for its borrowers, even as the RBI chided banks for not having passed the full benefits. Tue, 04 Aug 2015 12:32:50 +0530 Kerry Pushes Asia Trade Pact in Singapore U.S. Secretary of State John Kerry called for countries negotiating a major Pacific Rim trade deal to overcome differences . Tue, 04 Aug 2015 12:21:13 +0530 Asia Stocks Uneven as China Data Weighs on Confidence Asian stocks were uneven as weak Chinese manufacturing weighed on sentiment and investors looked ahead to a U.S. jobs report. Tue, 04 Aug 2015 11:40:11 +0530 Rebooting Greece: How to Get Its Economy Going Again After so much pain, Greece must now figure out how to get its economy back on its feet. Tue, 04 Aug 2015 11:27:12 +0530 Rajan Leaves Rates Unchanged; Asks Banks to Lower Rates RBI today kept its policy rates unchanged, with Governor Raghuram Rajan saying that the headline inflation is at elevated levels and banks are yet to pass on the full benefits of previous rate cuts. Tue, 04 Aug 2015 11:16:02 +0530 Reliance Group Concludes Multiplex Sale, Debt Cut by Rs.700-Crore Reliance MediaWorks concluded the sale of its multiplex business in a cash-cum-debt transfer deal. Tue, 04 Aug 2015 11:15:36 +0530 RBI Keeps Interest Rates Unchanged Tue, 04 Aug 2015 11:09:25 +0530 RBI Expected to Stand Pat, Words Weighed for Future Cuts India's central bank policy review is expected to yield little in the way of action on Tuesday, but its statement will be pored over for clues as to whether there is a chance of another interest rate cut this year. Tue, 04 Aug 2015 11:01:14 +0530 Austria no Longer Has Economic Growth Edge: Expert Despite leading the economic growth over many other EU countries, Austria now no longer has this edge, a labour market expert said. Tue, 04 Aug 2015 10:54:22 +0530 Sensex Gains 50 Points in Early Trade Ahead of the RBI'S third bi-monthly monetary policy review,Sensex was trading at 49.70 points during the morning session. Tue, 04 Aug 2015 09:48:29 +0530 S&P Downgrades Outlook for EU After Greece Crisis Standard & Poor's downgraded European Union from stable to negative after the bloc's support for Greece. Tue, 04 Aug 2015 09:38:54 +0530 Tokyo Stocks Slip by Break Amid China Fears Tokyo stocks slipped 0.10 percent, following US markets lower as investors kept a wary eye on China. Tue, 04 Aug 2015 09:26:23 +0530 Wipro Cited as Leader in Everest Group 2015 PEAK Matrix for Workplace Services Wipro has been recognized as a ‘Leader’ by Everest Group in ‘Workplace Services – PEAK Matrix™ Assessment and Profiles Compendium’. Tue, 04 Aug 2015 09:17:59 +0530 Euro Under Pressure After Hair-raising Greek Stock Plunge The euro was under pressure after a sell-off in New York as a plunge on the Greek stock market revived worries about Eurozone. Tue, 04 Aug 2015 09:03:52 +0530 Oil Prices Slide as Worries About Global Supply Glut Mount The slump in oil prices deepened, pulling down the price of U.S. crude to the lowest level in more than four months. Tue, 04 Aug 2015 08:52:00 +0530 China Shares up Slightly in Morning Trade Chinese shares were slightly higher, stabilising from falls the previous day on worries over the slowing economy, dealers said. Tue, 04 Aug 2015 08:19:04 +0530 Dubai to Build World's Longest Ski Slope Sheikh Mohammed Bin Rashid Al-Maktoum launched Meydan One, a tourism development project expected to feature a 1.2 km-long ski slope. Tue, 04 Aug 2015 07:57:25 +0530 GVK Goes Lean and Mean, Top Officials Cease to Take Salary Tue, 04 Aug 2015 04:55:20 +0530 COAI for Level Playing Field as BSNL ups the ANTE Tue, 04 Aug 2015 04:55:20 +0530 Centre Allays Fears Over Draft IFC It’s not right to conclude that govt was trying to clip RBI’s wings... govt has not made up its mind on the draft Bill, says Finance Secy Tue, 04 Aug 2015 04:55:19 +0530 Larger Debate Over MPC Needed: YVR Tue, 04 Aug 2015 04:55:19 +0530 Petroleum FDI Sees 10-fold Jump: Dharmendra Pradhan During the first three months of the current fiscal of 2015-16, the sector received FDI worth Rs 31.35 crore. Tue, 04 Aug 2015 04:55:19 +0530 Automobile Majors Revel in High Sales Growth in July Tue, 04 Aug 2015 04:55:19 +0530 Hyundai Keen on LNG Shipbuilding in India During his visit, Modi also invited South Korean investment in areas like ship building, including LNG tankers. Tue, 04 Aug 2015 00:47:37 +0530 Recapitalisation Plan For Public Sector Banks ‘A Positive Development’: FICCI‘A-Positive-Development’-FICCI/2015/08/03/article2955756.ece FICCI president Dr. Jyotsna Suri has said that this would help meet both the capital adequacy requirements of the banks and help build on-lending capacity to fuel growth in the economy. Mon, 03 Aug 2015 23:23:54 +0530‘A-Positive-Development’-FICCI/2015/08/03/article2955756.ece HCL Technologies Looks to Ride on Digitisation Wave HCL also seems to be betting on other aspects of engineering and research and development (R&D) services which showed a 25.8 percent increase year-on-year. Mon, 03 Aug 2015 19:56:14 +0530 TNA And Wigneswaran May Be Heading For A Split C.V.Wigneswaran appears to be drifting away from the TNA, a party which propped him up. Mon, 03 Aug 2015 18:00:51 +0530 Oil Drops Again to USD 50 a Barrel global crude oil prices again fell to the psychological $50 mark, from over $100 last year, this time in the wake of the Iran nuclear deal last month. Mon, 03 Aug 2015 17:22:20 +0530 China's e-commerce Trade Over 16 Trillion Yuan China's e-commerce industry has soared over 16 trillion yuan ($2.68 trillion) in 2014 due to improved internet infrastructure and increase in cellphone users. Mon, 03 Aug 2015 17:15:51 +0530 Uber Launches Debit Card Payment in India Uber, the technology-based cab service provider, on Monday launched debit cards as an additional payment option for all users across the 18 cities that Uber operates in, in India. Mon, 03 Aug 2015 17:14:13 +0530 Greek Shares Plunge as Stock Exchange Reopens Greek shares plunged on Monday as the Athens Stock Exchange (ASE) reopened after a five-week closure. Mon, 03 Aug 2015 17:12:12 +0530 Bharti Airtel to Acquire YTS Solutions Bharti Airtel is all set to acquire digital financial service provider YTS Solutions and appoint its co-founder and managing director Manish Khera as CEO of Airtel M Commerce Services Limited. Mon, 03 Aug 2015 17:01:01 +0530 Sensex Gains for 4th Day, Up 72 pts Ahead of RBI Meet Sustained buying by participants to enlarge their portfolios ahead of RBI's bi-monthly policy review to be announced tomorrow and an appreciating rupee against the dollar buoyed sentiment. Mon, 03 Aug 2015 16:53:52 +0530 JK Cements Q1 Net Nosedives Over 99% to Rs 16 Lakh JK Cements today reported more than 99 per cent plunge in net profit on a standalone basis to Rs 16 lakh for the first quarter ended June, 2015. Mon, 03 Aug 2015 16:42:46 +0530 HFCL Q1 Net Profit Jumps 62% to Rs 112 Cr Homegrown telecom equipment maker HFCL today reported a 61.78 per cent jump in net profit to Rs 112.39 crore during the first quarter ended June 30. Mon, 03 Aug 2015 16:38:41 +0530 Maggi Ban Will Not Result in Job Cuts: Nestle India Ban on Maggi noodles will not result in job cuts, Nestle India's, Suresh Narayanan said, seeking to bring back pride and self confidence. Mon, 03 Aug 2015 16:34:35 +0530 Sensex Provisionally Closes 49 Points Up The 30-scrip sensitive index (Sensex) of the S&P Bombay Stock Exchange (BSE) closed with gains of only 49 points. Mon, 03 Aug 2015 15:58:44 +0530 HSBC India Plans to Launch 'Green Bonds' This Year SBC India is planning to launch 'green bonds' this year to enable fund raising for investments in projects with environmental benefits. Mon, 03 Aug 2015 15:56:57 +0530 China Exchange Suspends Stock Trading Account of US Firm China's Shenzhen stock exchange has "suspended" a trading account used by a unit of Citadel, the US-based hedge fund said. Mon, 03 Aug 2015 15:41:01 +0530 Intex Aims to Double Turnover to USD 1.5 Billion Intex, a diversified technology firm, aims to more than double its turnover to $1.5 billion (Rs.9,000 crore) during the current financial year. Mon, 03 Aug 2015 15:30:32 +0530 RBI Governor Likely to Hold Interest Rates RBI is widely expected to hold interest rates at its monetary policy review on Tuesday. Mon, 03 Aug 2015 15:09:24 +0530 BSE extends gains; MidCap index hits record high Sensex and Nifty rose heading for their fourth session of gains. Mon, 03 Aug 2015 14:01:31 +0530 Sensex Up 122 Points; Bank Stocks Rise Nifty of the National Stock Exchange made gains during the session, was up 27.15 points or 0.32 percent at 8,560 points. Mon, 03 Aug 2015 13:29:45 +0530 RBI Sets Rupee Reference Rate At 63.9623 Against Dollars The Reserve Bank of India fixed the reference rate of rupee at 63.9623 against the US dollar and 70.1602 for the euro. Mon, 03 Aug 2015 13:26:31 +0530 RBI Likely to Cut Rate by 0.25% Tomorrow: Moody's Analytics Research firm Moody's said Reserve Bank is likely to cut the benchmark rate by 0.25 per cent in its monetary policy review tomorrow. Mon, 03 Aug 2015 12:21:37 +0530 Sudan to Boost Hydro, Thermal Power Generation Sudan approved a plan to increase hydro and thermal electricity generation, adding 3,155 megawatts of electricity by 2020. Mon, 03 Aug 2015 11:58:47 +0530 HCL Net Profit Up 14 Percent in Fiscal 2015-16 HCL Technologies on Monday reported Rs.7,254 crore net profit for fiscal 2015-16, registering a 14 percent growth year on year. Mon, 03 Aug 2015 11:41:37 +0530 Nokia Sells HERE Unit to German Carmakers For 2.5 Billion Euros A consortium of German premium carmakers has agreed to buy Nokia's mapping business HERE for 2.5 billion euros. Mon, 03 Aug 2015 11:34:44 +0530 Crude Oil Futures Trend Down on Weak Asian Cues Crude oil futures fell to Rs 3,006 per barrel as speculators started trimming bets amid weakening trend in Asian trade. Mon, 03 Aug 2015 11:25:45 +0530 Asian Stocks Near 2015 Lows on China Worry, Dollar Steadies An index of Asian shares outside Japan fell close to this year's lows due to deepening sell off in commodities. Mon, 03 Aug 2015 11:20:13 +0530 Snapdeal to Raise $500 Million From Alibaba, SoftBank, Foxconn Snapdeal is set to raise $500 million in investment from Alibaba Group Holding Ltd, SoftBank Group Corp and Foxconn. Mon, 03 Aug 2015 11:04:20 +0530 Factory Growth Bucks Asia Trend, Speeds to Six Month High in July Indian manufacturing activity expanded at its fastest pace in six months in July as new export orders accelerated. Mon, 03 Aug 2015 10:53:47 +0530 Chinese Stocks Open Lower on Monday Chinese stocks opened with the benchmark Shanghai Composite Index down 1.33 percent to open at 3,614.99 points. Mon, 03 Aug 2015 10:43:36 +0530 Car Sales Data Drive Sensex 86 Points in Early Trade The benchmark BSE Sensex rose over 86 points to 28,201.48 in early trade today. Mon, 03 Aug 2015 10:39:22 +0530 Rupee Recoups 17 Paise in Early Trade The rupee recovered 17 paise at 63.96 against the dollar in early trade today, snapping its two-day losing run. Mon, 03 Aug 2015 09:55:40 +0530 Sensex Gains 60 Points in Early Trade A benchmark index of Indian equities markets, the 30-scrip Sensitive Index was trading 59.85 points or 0.21 percent up. Mon, 03 Aug 2015 09:47:57 +0530 NASA Deploys New System to Avoid Traffic Jams at Mars Five active spacecrafts are now orbiting Mars, including one from India, leaving NASA with no option but to beef up traffic monitoring. Mon, 03 Aug 2015 09:43:51 +0530 Greeks Brace For Stock Market Carnage After Five Week Shutdown Greece has taken another step away from full-on crisis mode by opening its stock market for the first time in five weeks. Mon, 03 Aug 2015 09:16:09 +0530 Jaitley Slams Congress's Obstructionist Attitude in Blocking GST Arun Jaitley said that disruption of parliament is obstructionist and inflicts an economic injury on the country. Mon, 03 Aug 2015 09:02:05 +0530 Gold Extends Weakness After Worst Month in 2 Years Gold edged lower, trading near a 5 and half year low, as a near term hike in U.S. interest rates kept the downward pressure, Mon, 03 Aug 2015 08:45:08 +0530 As RBI Holds Rates Steady, Companies Debt Burdens Weigh Heavily Companies which are struggling say Reserve Bank's caution in cutting rates despite low inflation is making it harder for them. Mon, 03 Aug 2015 08:14:35 +0530 Make in India For 90 Medium Combat Jets Plan is being finalised to produce 90 Medium Multi-Role Combat Aircraft in India, cost of the programme is around $30 billion. Mon, 03 Aug 2015 08:08:14 +0530 Income Tax Department Notifies Return Forms for Firms Now non-salaried class, companies, partners in firms and individuals deriving their income from proprietary business will pay tax. Mon, 03 Aug 2015 07:51:51 +0530 RBI Faces Tough Choice on Rate Front Most bankers and experts believe the possibility of an interest rate cut by RBI on August 4 is very low as retail inflation remains high. Mon, 03 Aug 2015 04:32:04 +0530 'Make in India' for 90 Medium Combat Jets A Request for Proposal (RFP) to produce the jets is expected to be drafted soon after the new Defence Procurement Procedure (DPP) comes in place Sun, 02 Aug 2015 21:25:12 +0530 Nestle India Targets Growth in Other Businesses After Maggi Scare Nestle India Ltd will focus on growing its dairy, coffee and confectionary businesses, its new boss said, as the company battles to bring back its popular Maggi noodles. Sun, 02 Aug 2015 20:26:46 +0530 Rs.1,150 Crore Plan to Build Strategic Petroleum Reserves Finance Minister Arun Jaitley sought an allocation of Rs.1,153 crore for buying crude oil to fill the first strategic crude oil reserve being built at Visakhapatnam by ISPRL. Sun, 02 Aug 2015 20:23:39 +0530