Archive for the ‘Business’ Category

Tehelka lists 15 account holders in Liechtenstein

Tehelka lists 15 account holders in Liechtenstein

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A list of 15 individuals and trusts allegedly holding secret accounts in the tax haven of Liechtenstein was released by Tehelka news magazine on Friday. The list was handed over to the Indian government in March 2009, and the government took the stand that the names could not be disclosed as they had been given by the German... 

Queenslanders speak of Yasi’s awesome power

Queenslanders speak of Yasi’s awesome power

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Severe Tropical Cyclone Yasi has smashed into the Queensland coast, leaving a trail of destruction and forcing hundreds of thousands of people to bunker down in homes and emergency shelters. Here is what people have to say on the disaster: “I think all the roof is gone, it was a brand new roof. I thought it would hold... 

Egypt Rejects Western Calls for Quick Political Transition

Egypt Rejects Western Calls for Quick Political Transition

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Egypt’s protesters are showing no signs of slowing down, and it appears that President Hosni Mubarak’s days are numbered. So why won’t the governments of Canada and the United States, Europe and Israel simply call for him to step down? Because Egypt’s is an uprising without a face. Who would step into... 

Jet Air Q3 net up but misses estimate; shares slip

Jet Air Q3 net up but misses estimate; shares slip

15
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Jet Airways India, India’s largest private carrier, on Wednesday reported lower-than-expected 11.3 percent rise in Oct-Dec net profit, sending its shares down as much as 3.6 percent. The limited growth in net profit has been attributed to higher tax outgo and fuel prices. While tax during the quarter witnessed a whopping... 

Maruti Suzuki launches premium sedan Kizashi

Maruti Suzuki launches premium sedan Kizashi

15
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New Delhi, Feb 2 (IANS) Car market leader Maruti Suzuki Wednesday launched its premium luxury sedan Kizashi priced between Rs.16.50 lakh to Rs.17.50 lakh ex-showroom Delhi. ‘With the launch of this luxurious sporty sedan, Maruti Suzuki is able to offer an international car to top-end customers in India,’ said Shinzo... 

Budget may have roadmap for new private banks

Budget may have roadmap for new private banks

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India is considering allowing new private sector banks, including those by industrial houses, and a roadmap for the same could be announced in the Union Budget to be presented later this month. While the formal and final guidelines regarding who should be allowed to set up new banks and what should be the terms and conditions... 

Tata Coffee rockets 20%, stock hits upper limit on BSE

Tata Coffee rockets 20%, stock hits upper limit on BSE

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MUMBAI: Boosted by the tie-up with US coffee chain Starbucks, Tata group firm Tata Coffee today extended its morning gains and advanced by 20 per cent to touch its upper limit on BSE. Defying the broad bearish market sentiment, shares of Tata Coffee reached the upper limit of Rs 555.70 on BSE, translating into a gain of 20... 

Godrej Prop net profit at Rs 13.25 cr;stk dwn

Godrej Prop net profit at Rs 13.25 cr;stk dwn

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MUMBAI: Godrej Properties posted net profit of Rs 13.25 crore for the quarter ended December 31, 2010 as compared to Rs 17.59 crore in the same quarter a year ago. Total income increased to Rs 59.70 crore from Rs 39.67 crore during the same period. On consolidated basis, the Group reported net profit of Rs 15.51 crore for the... 

Tata to do a Nano in urban housing in Gujarat

Tata to do a Nano in urban housing in Gujarat

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Tata Housing, Tata group’s real estate wing, has signed an MoU worth Rs1,000 crore with the Gujarat government for building townships in the state. The unique thing about these townships will be that they will also offer houses priced at less than Rs10 lakh a unit. But the company is yet to acquire land for the townships... 

Pharma, healthcare attract MoUs worth Rs26,000 crore at Vibrant Gujarat

Pharma, healthcare attract MoUs worth Rs26,000 crore at Vibrant Gujarat

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National and international healthcare and pharmaceutical companies have signed 131 MoUs worth Rs26,000 crore. The state government’s health and family welfare department signed several MoUs with four international and 127 national companies in the field of healthcare and pharmaceuticals during the fifth Vibrant Gujarat... 

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