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Maruti Suzuki falls 4% on dismal Nov sales
MUMBAI: Maruti Suzuki shares took a beating Monday after the automaker posted dismal sales for the month of November.Maruti Suzuki registered 24.4 per cent fall in total sales at 52,711 vehicles in November 2008 as against 69,699 a year earlier. Dome...
Auto stocks fall led by drop in Maruti Suzuki sales
MUMBAI: Despite Indian stocks opening on positive note Monday, players continued to hammer automobile stocks on drop in Maruti Suzuki’s vehiclesales for the month of November. The recent terrorist attack on India's financial capital is also likely ...
India's FY09 growth seen around 8 pc
NEW DELHI: Economy is likely to expand around 8 per cent in the year to March 2009, but 9-10 per cent growth in the medium term is "achievable", the deputy chief of India's planning panel said on Thursday. "We are targeting 9 per cent growth, getting...
FinMin rules out interest subsidy extension to exporters
NEW DELHI: Finance Ministry has ruled out extension of four per cent interest subsidy to exporters beyond September 30, on the ground that there is no case for such a facility after rupee has started depreciating. "Finance Minister P Chidambaram info...
Indian-origin Nishita Shah among Next Gen billionaires
WASHINGTON: Nishita Shah, 28, an Indian origin businesswoman from Thailand, golfer Tiger Woods and Elon Musk, co-founder of online payment processor PayPal figure on Forbes’ list of next-generation billionaires. Besides Shah, managing director of T...
Toyota to cut 2009 sales forecast: report
TOKYO: Toyota Motor Corp will cut its global sales target for 2009, pushing back its goal of becoming the world's first company to sell more than 10 million vehicles in one year, a report said Thursday. Toyota, vying with General Motors to be the wor...
Woods, Nishita Shah among Forbes' next-gen billionaires list
NEW YORK: Celebrity golfer Tiger Woods and India-origin Nishita Shah, the managing director of Thailand's diversified GP Group, have made their way into the list of next generation billionaires compiled by American US business magazine Forbes. Twenty...
Allied Computers International hardens on stock-split plan
Allied Computers International (Asia) rose 3.60% to Rs 21.60 at 10:50 IST on BSE after the company said its board will meet on 27 August 2008 to consider stock-split.The company made the anouncement after market hours on Wednesday, 20 August 2008.Mea...
K S Oils gains in value and volume
K S Oils soared 3.27% to Rs 71 at 11:22 IST on BSE extending gains for the fourth trading session on continued buying interest.Meanwhile, the BSE was down 245.76 points, or 1.66%, at 14434.97.On BSE, 25.46 shares were traded in the counter. The scrip...
Select F&O entrants see surge in volumes
Five stocks in which trading in the futures & options segment of the National Stock Exchange started today, 21 August 2008, saw a surge in volumesNoteable stocks in which volumes were high were Dish TV (47.41 lakh shares), KS Oils (25.67 lakh sha...
Real estate firms delay plans, shares face the heat
MUMBAI: Most Indian developers have hit the brakes on fresh land acquisitions as a slide in the stock market, rise in interest rates and aggressive demands of the private equity investors have limited funding options. After five years of boom, real e...
Copper, gold futures may open up
MUMBAI: Copper futures are expected to open up on Monday tracking overseas gains, an analyst said. Overseas copper has been trading strong in the past few sessions on bargain buying and on a rebounding crude oil. The benchmark August copper on the Mu...
Stocks to watch on Monday
MUMBAI: Equities are headed for a weak start on Monday amid mixed global cues and as macro-economic concerns on the domestic front weigh on sentiment. On Thursday, the wholesale price index rose to a 16-year high to 12.44 per cent for the week to Aug...
Sical to invest Rs 1,700 crore in logistics network
NEW DELHI: Chennai-based Sical Logistics plans to invest Rs 1,700 crore to develop a nation-wide multi-modal logistics network, including cargo terminals and rail lines. It will invest Rs 1,100 crore to develop two cargo terminals and an additional R...
Non-ferrous metals may add to inflation woe
MUMBAI: The issue of price rises in steel products has taken centrestage in recent times as the government, in a bid to rein in inflation , has asked steel producers to hold prices, a move that implies state interference in market dynamics. However, ...
