Future arm eyes quick buyoutsBarely four months after the acquisition of Delhi-based convenience store chain Big Apple, Future Ventures — the investment arm of Future Group is once again scouting for "quick acquisitions" of regional chains in the category to push growth.
Irked by LIC agents, HDFC Life shoots off legal noticeHDFC Life has sent a legal notice to Life Insurance Corporation, seeking action against its agents who it claims are spreading malicious rumors about the private insurer.
Poll shadow looms over India-EU FTAThe window of opportunity for an India-European Union (EU) free-trade pact is closing rapidly. With "elections in India on the horizon", it would make it difficult for the political leadership to offer tradeoffs.
Govt raises Rs 11k cr via NTPC offerThe government offer for sale (OFS) of 9.5% in power sector major NTPC was subscribed 1.7 times on Thursday with the issue generating a demand worth about Rs 19,400 crore.
ECB to monitor impact of euro strengthThe European Central Bank will monitor the impact of a strengthening euro on the currency bloc's economy but said it was not a policy target and showed growing confidence in the region.
Savings rate to dip to 30% this fiscal: India RatingsIndia Ratings on Thursday warned that the national savings rate will slip further to 30 per cent or so this fiscal, from 30.8 per cent of the GDP last fiscal, if the advance estimates of national income is anything to go by.
India's per capita income rises to Rs 5.7k per monthIndia's per capita income, a gauge for measuring living standard, is estimated to have gone up 11.7 per cent to Rs 5,729 per month in 2012-13 at current prices, compared with Rs 5,130 in the previous fiscal.
US dollar ends dearer against rupeeThe US dollar ended dearer against the rupee at 53.22/23 per dollar and the Pound Sterling also finished higher at Rs 83.58/60 per pound
Sensex declines 59 points on growth concernsThe BSE benchmark sensex fell by over 59 points on Thursday after lower economic growth forecast dampened investors' sentiment amid a weak global trend.
NTPC share sale: Govt to get about Rs 11,400crNTPC's mega share sale was over-subscribed just before the market close on Thursday, helping the government fetch close to Rs 11,400 crore — the biggest disinvestment proceed this fiscal.
Audi India sales up 10.5% in JanuaryGerman luxury car maker Audi on Thursday reported 10.5 per cent growth in sales in India during January at 737 units as against 667 units in the same month last year.
Rupee continues to rule firm, up 5 paiseThe Indian rupee continued to rule firm in the late morning session by improving five paise to 53.11 per dollar on selling of dollars by banks in view of persistent foreign capital inflows.
NTPC stake sale starts; scrip falls 2%Shares of NTPC slid as much as two per cent on the BSE in the early trade on Thursday as the government's 9.5 per cent stake sale of country's largest power producer commenced on the bourses.
Sensex down 65 points in early tradeThe BSE benchmark sensex declined by 65 points in early trade on Thursday on sustained selling by funds amid a weakening trend on other Asian bourses.
Rupee gains 4 paise in early tradeThe rupee strengthened by 4 paise to Rs 53.12 a dollar in early trade on the Interbank Foreign Exchange on fresh selling of the American currency by exporters and banks.
Cipla doyen Y K Hamied to step downCipla chairman and managing director Dr Y K Hamied — instrumental in making healthcare affordable by launching generic versions of AIDS, cancer and other life-saving medicines — has decided to call it a day as the managing director.
Govt dept bats for lower taxes on cosAmid talk of higher tax rates, the commerce & industry ministry is pitching for a reduction in taxes for companies, arguing the move will generate higher investible surplus by the corporate sector.
Hero Moto's workers seek Rs 1L/month salaryWorkers negotiating a wage settlement at Hero MotoCorp have demanded doubling of monthly salary to near Rs 1 lakh, apart from other benefits like subsidized housing as well as interest-free loans running up to Rs 10 lakh.
P Chidambaram backs high growth for welfareSustained high growth is the key to enabling a country to emerge as a "comprehensive national power", finance minister P Chidambaram said on Wednesday as he underlined the need for growth-boosting policies.
RBS fined $612m to settle Libor probeState-rescued Royal Bank of Scotland will pay fines totalling $612 millionto US and British regulators to settle allegations of Libor interest rate rigging, it announced on Wednesday.
Rupee down 3 paise against dollarThe rupee today slipped from around four month high level to close three paise down at 53.16 due to fag-end dollar demand from oil importers and strengthening of the US currency against euro.
Make PAN must for high-value gold buy: RBI panelSeeking to check demand of gold, a RBI committee today proposed a slew of measures like mandatory quoting of PAN numbers for high-value purchases, restriction on gold loans and check on NBFC branches dealing with gold loans.
Will decide on sugar decontrol before Budget: GovtThe Centre will take a decision on giving freedom to the Rs 80,000 crore sugar industry to sell the sweetener in open market before Budget, food minister KV Thomas said today.
Sensex falls for 5th day; down 20 pointsFalling for the fifth straight day, the BSE benchmark Sensex today closed 20 points lower after wiping out initial gains on a bout of profit-selling in bluechips like NTPC, CIL, ICICI Bank and L&T.
Rupee trims initial gain against dollar; still up 10 paiseThe rupee trimmed initial gains against the US dollar this morning amid selling of the American currency by banks and exporters and capital inflows from foreign funds as well as a weak dollar in the overseas forex market.
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