| BUSINESS STANDARD |
Sat, 18 May 2013 |
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BUSINESS STANDARD
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Apple net jumps 78% in Oct-Dec
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Apple Inc has reported a whopping 78 per cent jump in net income at $6 billion for the October-December period of 2010, buoyed by record sales of iPhone, iPad and Macintosh computers.
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Indian Bank FPO likely in June-July
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The government-owned Indian Bank today said its follow-on-public offer (FPO) of about Rs 1,500 crore was expected to hit the market in June or July.
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Deora seeks customs, excise duty cut to avoid fuel price hike
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Oil Minister Murli Deora today demanded abolition of customs duty on crude oil and cut in excise duty on diesel to avoid more fuel price hikes that have become necessary because of spiralling global oil rates.
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IndiGo to go int'l; gets traffic rights to fly from Aug
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India's largest low fare airline, IndiGo, has been granted international traffic rights, by the Government of India, to operate services from several cities in India to Singapore, Bangkok, Dubai and Muscat during the forthcoming summer schedule. As per Indian aviation rules, a new airline has to fly for five years on domestic skies before it can be permitted to fly on international routes.
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Callaway to invest more in India before break even
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Identifying India's potential as one of the top three markets in Asia for it, golf equipment maker Callaway Golf Co today said it will continue to invest in the country for the next 3-5 years before it looks to break even here.
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Farm equipment firm Deere & Co to invest in India
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Global leading farm equipment manufacturer Deere & Co today said it will invest around $100 million (about Rs 450 crore) in India to set up a new factory and expand the capacity of its existing plant in Pune.
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Inflation to prompt more RBI rate hikes in 2011
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India's uncomfortably high inflation will subside only gradually in the coming quarters as the economy continues to race ahead, likely prompting the Reserve Bank to hike interest rates more aggressively than earlier thought, a Reuters poll showed.
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Emerging economies get more FDI for the first time: UNCTAD
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Developing and transition economies, for the first time, absorbed more than half of global foreign direct investment flows of about $1,122 billion in 2010, according to a UN body report.
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India may finalise Iran oil payment route soon
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The government may finalise routing of funds as payment towards Iran oil imports in the next few days, Oil Secretary S Sundareshan said on Wednesday.
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Over 1.25 lakh families became legal landowners in 2010
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In the year gone by about 1.25 lakh families in India became legal landowners, said a US-based non-profit organisation which has worked with the local government agencies.
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Krishna met Aus Energy Minister; raises uranium issue
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External Affairs Minister S M Krishna today pressed Australia to reverse its policy of not selling uranium to India.
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Oil secretary to press for crude tax changes
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The oil ministry will seek changes in crude and products duties after industry asked for cuts, Oil Secretary S Sundareshan said on Wednesday, as international crude prices hover near two-year highs.
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PM Singh to reshuffle cabinet amid graft, inflation
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Prime Minister Manmohan Singh will reshuffle his cabinet on Wednesday in a mid-term effort to refresh a coalition government snared by corruption scandals and year-high food inflation as it faces key state elections.
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Rupee gains 7 paise against dollar
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The rupee strengthened by 7 paise to Rs 45.35 a dollar in early trade today on weakness in the US currency against major world currencies.
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Oil mixed after IEA warning on $100 price
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Oil was mixed in Asian trade today after the International Energy Agency warned that high crude prices posed a risk to the global economy.
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Obama urged to ask Hu not to dump steel products in US
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Members of US Congressional Steel Caucus appealed to President Barack Obama to ask his Chinese counterpart Hu Jintao not to dump steel products in the American market.
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Pak hit by earthquake, North India feels tremors
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New Delhi: Southwest Pakistan was hit by a powerful earthquake of 7.4 magnitude at about 2 am IST on Wednesday. The tremors were felt in parts of North India like Delhi, Rajasthan and Haryana, according to reports on television.
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Indian ADRs end mixed
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The Indian ADRs had a mixed day with four out of twelve stocks closing in the red.
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Pre-market: Muted opening on cards
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Markets may continue to remain volatile on back of earnings season, technicals analysts said that bulls were trying to take control on Nifty.
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FIIs net buyers of Rs 2108 cr in F on Tuesday
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The foreign institutional investors (FIIs) were net buyers of Rs 2108.33 crore in futures and options segments on Tuesday.
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