Archive for the ‘Business’ Category

Budget may have roadmap for new private banks

Budget may have roadmap for new private banks

15
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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

15
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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

16
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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

15
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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

15
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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... 

Sensex plummets 322 points to end below 19,000 on rate hike fears

Sensex plummets 322 points to end below 19,000 on rate hike fears

15
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Today bears ruled the Dalal Street, with Sensex plunging over 300 points, below the crucial 19,000 mark for the first time since November 2010 on increasing inflation and on concerns that the Reserve Bank may hike interest rates. At the close, the benchmark 30-share index, BSE Sensex declined 322.38 points or 1.68% at 18,860.44... 

SAIL’s Dec quarter net slips 34% to Rs 1,107 cr

SAIL’s Dec quarter net slips 34% to Rs 1,107 cr

15
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Steel Authority of India (SAIL) on Thursday reported a 34 per cent decline in its net profit at Rs. 1,107.47 crore for the October-December quarter as against Rs. 1,675.55 crore recorded in the year-ago period. However, revenue during the quarter rose by 17.5 per cent to Rs. 12,276.81 crore from Rs. 10,447.63 crore recorded... 

European shares flat; miners dip, Spanish banks up

European shares flat; miners dip, Spanish banks up

15
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European shares were little changed by midday trade on Thursday after 28-month highs a day earlier as miner-led declines and some market consolidation offset a good response to Spain’s bond auction. The market was waiting for a news conference starting at 1330 GMT by ECB President Jean-Claude Trichet, who will talk about... 

Nifty clings to 5750; experts fear freefall if 5700 breaks

Nifty clings to 5750; experts fear freefall if 5700 breaks

15
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It was a very tough day on Dalal Street today. The brakes were slammed on yesterday’s pullback as the market grappled with weaker than expected earnings from Infosys and selling pressure in the financials. The Sensex shut shop today at 19,182 – down 351 points. The big disappointment was Infosys today as it kicked off... 

Tata Coffee-Starbucks sign MOU for strategic alliance in India

Tata Coffee-Starbucks sign MOU for strategic alliance in India

15
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Tata Coffee Ltd has informed BSE that Starbucks, the US giant Coffee Company is making an entry with its famed stores into India. It has held several meetings with Tata Coffee Limited, India’s largest Coffee Producing Company for a possible alliance. The Company has entered into a non binding Memorandum of Understanding... 

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