Ford Motor launches new compact SUV in India
Automobile maker aims to have bigger presence in growth markets of India, Brazil and Southeast Asia
Sectors - Bombay
Ford India Dec sales surge 39% at 5,979 units
Car maker to use the upcoming Auto Expo to preview the second of eight new vehicles that Ford plans to bring to India by mid-decade
Dr Reddy's plans to launch Lipitor generic in first quarter of the next fiscal
Lipitor has a market of over $1.5 billion in the US at the innovator's price
Aditya Birla to invest $500 mln to setup VSF plant
US$35 billion multinational corporation plans to set up viscose staple fibre plant in Turkey's Adana Organised Industrial Zone
Credit Suisse investment banking chairman Marc Granetz resigns
Switzerland- based bank appointed Granetz as the chairman at the end of 2009 after he served five years as co-head of the investment banking department
Lupin expects 80% jump in its revenues from Japan in next 2 yrs
Drug maker Lupin aims to become one of the top five generic pharmaceutical companies in Japan in the next three years
Deccan Chronicle buys Future Capital for Rs 700 crore
English -language daily newspaper Deccan Chronicle has financed part of the acquisition through sale of its stake in Deccan Chargers
Ranbaxy gets US drug regulator's nod to sell Lipitor
Low-cost version of the world's best selling drug Lipitor will be manufactured by Ohm Laboratories in New Brunswick, New Jersey
Tata Sons appoints Cyrus Mistry as Ratan Tata's successor
Cyrus Pallonji Mistry will be the sixth chairman of Tata Sons
LIC Housing Finance Q2 net profit slips 58%
Outstanding mortgage portfolio of LIC Housing Finance in the second quarter rises 29% to Rs 56,098 crore
Suzuki Motor Corp half yearly net income up 5%
The earnings for the half year increased despite heavy production loss due to labour unrests at its best performing operations in India
GlaxoSmithKline agrees for $3 bln settlement with US govt
Final settlement over criminal and civil claims is expected to be finalized in 2012
Tata Motors aims to raise $750 mln via overseas borrowing
External commercial borrowing with a spread of 6 years will be priced about 350 basis points above London Interbank Offered Rate
Tata Steel may cut steel production in Europe
World's 7th steel maker Tata Steel is likely to cut production in Europe further in the next few months if steel orders weaken
SBI likely to raise Rs 5,000 crore via rights issue
India's largest lender SBI is expected to raise Rs 5,000 crore via rights issue of shares by December of the earlier planned Rs 20,000 crore
BNP Paribas, Societe Generale deny reported plan to raise $9.4 bln
BNP Paribas and Societe Generale deny a report that they could seek to raise a combined 11 billion euros ($14.8 billion) as part of a broader European bank recapitalization plan
Reliance Capital sells 26% stake in Reliance Life to Nippon
Reliance Capital has completed the sale of a 26% stake in Reliance Life to Japan's Nippon Life for over 3,000 crore
Mercedes Benz plans foray into mid-range car segment
German car maker is looking to enter mid-range car segment, taking the premium brand of Mercedes to the Indian masses
Carlyle raises stake in India Infoline to 9%
US private equity firm Carlyle says it has hiked its stake in financial services company India Infoline to 9% from 6.7%
UTI Mutual Fund raises about $1 bln via India debt fund
UTI Mutual Fund has raised about $1 billion, nearly 4,800 crore, through its India dedicated debt fund from overseas investors
HSBC Holdings seeks buyers for non-life insurance assets
HSBC Holdings seeks buyers for its non-life insurance assets, will consider selling regional units of the business separately
Cairn India's Lankan arm discovers natural gas deposits
Cairn India's Lankan arm Cairn Lanka has discovered natural gas deposits for the first time
Airtel, Nokia Siemens in deal to deploy 3G services in Africa
Bharti Airtel signs pact with Nokia Siemens to expand its 2G network and deploy 3G network in Africa
L&T Mutual Fund launches L&T MIP-Wealth Builder Fund
Premier mutual fund firm L&T Mutual Fund launches L&T MIP-Wealth Builder Fund, subscription to begins Sep 27, closes Oct 11
Honda launches Brio model at a starting price of Rs 3.95 lakh
Japanese car major Honda launches small car Brio, making its entry into low-compact car segment in India
Tata Motors August global sales up 3% at 87,459 units
India's biggest auto maker by revenue Tata Motors has reported 3% increase in global sales for August at 87,459 units
RBI raises repo, reverse repo rates by 25 bps
Reserve Bank of India raises repo, reverse repo rates by 25 bps; cash reserve ratio remains unchanged at 6%
RBI anticipates raising key interest rates by 25 bps
Reserve Bank of India is expected to hike key interest rates by 25 basis points today to tame the near double-digit inflation
Pfizer Inc delays sale of infant-nutrition business
Global drugmaker Pfizer is delaying the sale of infant-nutrition business to give more time to explore whether a tax-free spinoff will get more value for investors
UBS cuts year-end target for BSE benchmark index by 9.5% to 19,000 points
Swiss banking major UBS has lowered its March'12 Sensex target to 19,000 from 21,000 projected earlier
JP Morgan to pay $88.3 mln for sanctions violations
Financial services major JP Morgan will pay $88.3 million as part of a settlement with the Treasury Department over transactions involving Cuba, Iran
Coal India Q1 net profit up 64% to Rs 41.44 bln
State owned coal mining corporate Coal India has reported 64% surge in its first quarter prices as it gained from higher prices and supply of dry fuel
Citigroup cuts year-end target for BSE's Sensex by nearly 10%
International financial conglomerate Citigroup has cut year-end target for India's benchmark index by nearly 10% to 19,700 from 21,500
Reserve Bank of India governor Subbarao gets two-year extension
India's government has extended term of central bank Governer Duvvri Subbarao until 2013
ICICI Bank Q1 net profit up 30% at Rs 1,332 crore
India's second largest lender ICICI Bank has posted a 30% rise in its quarterly net profit to Rs1,332 crore
Deutsche Bank second quarter net profit rises 3.3%
German-based Deutsche Bank has reported 3.3% increase in its second-quarter net profit as acquisitions boosted earnings from consumer banking and asset management
Indian Markets gain strength
The Nifty in India is testing the 5500 mark, the index touched high of 5504 in the intra-day trades but soon slipped from the high level. The S&P CNX Nifty was higher by 12 points at 5493 and the Sensex was higher by 43 points at 18,317.
Good opening for Sensex
In the broader markets, the midcaps was up 0.4% and the smallcaps gained 0.2% as compared to the Sensex, up 0.4%. Among the sectoral charts, Realty started the day on the positive note with a gain of 1% followed by IT, FMCG and Metal. On the other hand, Health Care was the only sector that opened in the negative, down 0.5%
2011 will be a range-bound year for the Indian stock market: BoA Merrill
The year 2011 will be a range-bound year for the Indian stock market , with close to zero per cent returns which will see the year end on a weak note, according to Bank of America Merrill Lynch.
Gold loses its shine on weakening demand in India
This is rare scene when it comes to the Indian markets.
Both the precious metals gold and silver have dipped on the stock indices of India while taking cues from the volatile global markets and weakening demand.
India's fastest growing investment-worthy companies for 2011
India has garnered a majority of global attention besides China due to its stunning growth potential to take the international economic affairs to another level.
Micro Technologies Launches Micro Emergency Response System
Micro Technologies (India) Ltd. launched their new product Micro Emergency Response System i.e. Micro ERS. by Prof. Paul Coleman, Chairman, Girvan Institute of Technology, USA and Maj. Gen (Retd) Dan Ronen, Chairman, H.A.Sh. System Services Ltd; an International Security expert; unveils the innovative system at Micro Infotech Park, Vashi, Navi Mumbai.
India -European Union to join hands for economic expansion
The business tie-ups between the developed and developing economies have created a win-win situation as they simply seem to work well. On the back of the recovering markets and progressing economies, India and European Union (EU) are set to expand economic ties by establishing a platform for crucial trade and investment deals between the two economies.
