| Hindustan Times: Business News |
|
|
|
|
Food inflation up at 16.44% on higher vegetables, fruits prices: Costlier vegetables and fruits pushed food inflation higher to 16.44 per cent as of May 1, despite arrival of winter crops in the market. Annual food inflation in the previous reporting week was 16.04 per cent. Special coverage
|
Bharti Airtel slams 2G fee policy as shares plunge: A regulator's plan to impose new fees for second-generation mobile spectrum in India sent shares skidding in carriers including Bharti Airtel, which called the proposal "shocking, arbitrary and retrograde".
|
Android overtakes iPhone in US: Though Canadian icon BlackBerry continues to maintain its lead in the US smart phone market, handsets with Google’s Android operating system may upset it soon, says a report released Monday.
|
Hindalco Q4 net up by 147 per cent: Aditya Birla Group company Hindalco Industries has registered a 147 per cent increase in net profit for the quarter ended March 2010 at Rs 664 crore, from Rs 269 crore it logged in the corresponding quarter last year.
|
Kotak Mahindra Q4 net surges: Private sector lender Kotak Mahindra Bank reported a growth of 98.7 per cent in consolidated net profit to Rs 418.5 crore for the fourth quarter ended March 31, 2010, compared to last year.
|
Ranbaxy in Rs 960-cr Q4 profit on US sales: Ranbaxy Laboratories on Tuesday reported a consolidated net profit of Rs 963 crore for the quarter ended March 31, 2010, marking the fourth straight quarterly profit aided by heavy foreign exchange gains and launch of a generic version of a blockbuster drug in the US.
|
Glenmark, Merck settle patent row over Zetia: Glenmark Pharmaceuticals and Merck have agreed to settle their patent litigation on Merck’s patent covering Zetia, a cholesterol-lowering drug.
|
SC paves way for National Company Law Tribunal: The country has moved one step closer to setting up an overarching corporate law tribunal that would take up company law disputes pending with the Company Law Board, the Board for Industrial and Financial Reconstruction and various high courts.
|
Nokia shakes up top-level management: Nokia will reshuffle its management in mobile devices to tackle growing competition from rivals in smart phones and high-end mobile computers, the company said on Tuesday. The mobile sector will be divided into three units — mobile solutions, mobile phones and markets, from July 1.
|
|
|
A trillion for Europe, with doubts and criticism attached: Like the giant financial bailout announced by the United States in 2008, the sweeping rescue package announced by Europe eased fears of a market collapse but left a big question: will it work long term?
|
Greek shadow on India rates: What does the Greek crisis mean for India? It depends on who you are talking to. While Chief Economic Advisor Kaushik Basu says this could eventually attract foreign funds inflow into a stronger economy in India, Deputy Governor of the RBI, Subir Gokarn, speaks mainly of short-term market volatility. Sandeep Singh reports.
|
Mittal among top runners to chair Goldman's ethical committee: NRI billionaire LN Mittal is among the front runners for a committee being set up to improve ethical behaviour of crisis-ridden Goldman Sachs, says a media report.
|
Jaypee Infratech IPO listing price at Rs 102 per share: Jaypee Infratech is understood to have fixed the listing price for its initial public offer at Rs 102, the lower end of the price band, pegging the total raising from the issue at over Rs 2,250 crore.
|
SBI wins Asian Banker award: The State Bank has won the prestigious Asian Banker Achievement Award for being the strongest bank in Asia Pacific region, instituted by the Qatar Financial Centre Authority and the Asian Banker magazine.
|
Obama's comments on iPad earn flack: President Obama's comments on the iPad have not been taken very well. The speech at Hampton University has earned him a lot of flack. Read on to know the reactions...
|
Market gurus advise caution: Are the good times back after the benchmark Sensex jumped 3.3 per cent or 561 points in a single day, writes Sandeep Singh.
|
Vedanta buys Anglo American zinc for $1.34 bn: Global mining major Vedanta Resources on Monday announced the acquisition of Anglo American’s zinc assets for $1.34 billion (approx Rs 6,021 crore). The acquisition will be done by its group company Hindustan Zinc Ltd that will make Vedanta world’s largest zinc producer.
|
$1-trn Greece bailout gets EU nod: The euro rose and stocks jumped on Monday after the European Union and IMF carved out an emergency loan package of up to 750 billion euros (nealry $1 trillion) to keep Greece’s debt crisis from spreading through the euro zone.
|
Max Group eyes education, hotels: Education and hospitality could well be the next growth hotspots for the Analjit Singh promoted Max group. “We have already decided on medicine but we are open to a wider range of education opportunities,” Max India Chairman Analjit Singh told Hindustan Times in an exclusive interview at his Aurangzeb Road residence in Lutyen’s Delhi.
|
HT Media net up 5-fold: HT Media Ltd, which publishes Hindustan Times, on Monday announced a 12 per cent growth in revenues during the fourth quarter ending March 31, 2010 at Rs 385 crore, while net profits rose five-fold at Rs 48 crore.
|
Jubilant Org Q4 net zooms 10-fold: Integrated pharmaceuticals company Jubilant Organosys reported a 10-fold rise in its consolidated net profit on Monday as the figure grew to Rs 137 crore for the January-March 2010 quarter from Rs 12 crore a year ago.
|
Jubilant foodworks net up 173%: Food service company Jubilant FoodWorks, the master franchisee of Domino’s Pizza International, reported a 173 per cent rise in its net profit at Rs 10.4 crore crore for Jan-March, 2010 over Rs 3.8 crore in the year-ago period. Total income for the quarter was Rs 124.1 crore, up 67.2 per cent from a year ago.
|
Verdict aids RNRL shareholders: Anil: In his first communication with Anil Dhirubhai Ambani Group (ADAG) employees after the judgement, Chairman Anil Ambani said that the Supreme court verdict has safeguarded the interests of shareholders of Reliance Natural Resources Ltd (RNRL).
|
Price not apt for small KG fields: RIL: Reliance Industries Ltd (RIL) on Monday said the development of smaller gas fields in the Krishna-Godavari (KG)-D6 block is economically unviable at the current price of $4.20 (Rs 189) per million metric British thermal unit (mmBtu) and it may seek a rate of at least $6 (Rs 270) per mmBtu in 2014, when the fields are ready for production.
|
Emission norms no roadblock, auto sales up 25% in April: The confusion over the implementation of stricter emission norms in 13 big cities failed to dampen growth in automobile sales. The industry got off to a flying start in April with a 25.2 per cent jump in sales at 11.20 lakh units.
|
Morgan Stanley shares dip on probe report: US federal investigators are probing whether Morgan Stanley misled investors about mortgage derivative products it helped create and sometimes bet against, The Wall Street Journal said, citing people familiar with the matter.
|
Selling tractors? Avoid a round hood: Never try to sell a Chinese farmer a green tractor or roll out a flashy new design with a rounded hood in India.
|
Weekender grows up: kids’ brand now courts adults: Weekender, the apparel brand from the 90s catering to children is changing its position to regain lost glory and capture a new target group. The company believes this initiative will help in profit-making.
|
Fortis health to raise Rs 380 crore: Hospital major Fortis Healthcare Ltd is set to raise Rs 380 crore through a preferential allotment of shares to GIC Special Investments Pte Ltd. The funds will be utilised to finance the recent and future acquisition by the company or its subsidiaries, a statement said on Monday.
|
MS loses as Toronto firm wins claim over Word patent: Ruling against Microsoft, the US Patent and Trademark Office confirmed a patent held by Toronto-based i4i Inc. The tiny Canadian company had taken the software giant to court in 2007 over violations of its patent in Word applications and won the case and got $290 million in damages last December.
|
India rescues Japanese carmakers: The global meltdown may have left automobile companies battered but Japanese companies Toyota, Honda and Suzuki found growth solace in India. In 2009-10, this troika posted its highest growth in car sales here, even as sales fell in US and Europe. Sumant Banerji reports.
|
Samsung plans $21-bn investment in tech push: Samsung said on Tuesday it plans to invest 23.3 trillion won (nearly $21 billion) over the next decade in technologies including solar cells and medical devices, aiming to boost sales and increase its work force by tens of thousands.
|
Carrefour to open first India outlet: French retail giant Carrefour Group is set to start its wholesale business in India over the next couple of months. The company, which is second largest retailer in the world, will open its first cash-and-carry store at Seelampur in Northeast Delhi over the next two-three months.
|
Revamped Microsoft Office will be available free on the Web soon: The latest version of Office, which includes applications like Word, Excel, Outlook and PowerPoint, is Microsoft’s long-awaited effort to modernise one of its most lucrative products and to thwart rivals like Google that are nipping at its heels with free Web software.
|
Outrageous executive perks: A funny thing happened after the Securities and Exchange Commission tightened up the disclosure requirements on executive perks in 2006: Companies began to scale back dramatically on the personal jet flights, sports tickets and other benefits they used to slip top executives unnoticed.
|
Sony sees return to profit as restructuring pays off: Japanese electronics giant Sony on Thursday said it expects to return to profit in the current financial year on the back of tough restructuring measures and a pick-up in demand.
|
Cadila gets nod for swine flu vaccine launch: Ahmedabad-based Zydus Cadila will become the first company to launch H1N1 (swine flu) vaccine in India. The company has received an approval from the Drug Controller General of India (DCGI) to market the ‘vaxiflu-s’ vaccine.
|
Computer trades are in focus after Wall Street plunge: Investigators seeking an explanation for the brief stock market panic last week said on Sunday that they were focusing increasingly on how a controlled slowdown in trading on the New York Stock Exchange (NYSE), meant to bring about stability, instead set off uncontrolled selling on electronic exchanges.
|
Jubilant FoodWorks Q4 net up nearly three-fold to Rs 10.4 cr: Jubilant FoodWorks Ltd, which runs Domino's Pizza chain in India, today reported a nearly three-fold jump in its net profit to Rs 10.4 crore in the quarter ended March 31, 2010.
|
Inflation to moderate, fall to more acceptable levels: FinMin: Inflation, currently near 10 per cent, is likely to moderate to more acceptable levels on good rabi crop and better rainfall prediction, Finance Secretary Ashok Chawla said today.
|
Direct tax code set for next year: FM: The government is giving final touches to draft paper on direct taxes code. If all goes to plan, the new code will come into force from April 1 and will replace the five-decade-old Income Tax Act 1961.
|
Industrial growth moderates, but demand is still robust: The country’s industrial output grew by 13.5 per cent, lower than the previous months’ growth rates, but high enough to push the full-year growth levels to double-digit levels.
|
The gull has landed: Long stretches of sweeping corners, tight twisting bits and even patches of poorly laid roads — the Mercedes-Benz SLS AMG and me fly over everything.
|
China Mobile interested in bringing Apple iPad to China: China Mobile, China's dominant mobile carrier, is interested in selling Apple's iPad tablet computer in China, the company's chairman said.
|
Two strokes fight four: It’s only when a motorcycle from the past jostles with a modern one that you realise how rapidly biking is advancing.
|
Sensex advances 54 pts after double-digit industrial growth: In a volatile trading session, the Bombay Stock Exchange benchmark Sensex today closed higher by 54 points on selective buying by funds influenced by a high industrial growth.
|
A major power up: A new emission norm calls for a new engine for the Jetta. And the new engine brings along better performance, great handling, a smooth drive and swanky exteriors.
|
Opel's fate hangs on Berlin meeting on Wednesday: The last major European country to approve keeping the car company Opel afloat with money backstopped by taxpayers could make a preliminary recommendation on Wednesday affecting as many as 120,000 jobs in Germany alone.
|
Bajaj Auto logs best-ever quarterly profits: Bajaj Auto, has posted its best ever quarterly financial performance in the three months ended March 31, 2010. The country’s second-largest two-wheeler manufacturer said on Wednesday that its net profit shot up four-fold to Rs 528.65 crore from Rs 130.21 crore in the same period last year.
|
Wall Street bounces back on eurozone rescue action: US stocks rebounded strongly, with the blue-chip Dow index closing up nearly four per cent after a massive rescue package for the eurozone eased investors’ fears of a sovereign debt crisis.
|
