Four-wheeler shares gain on hopes of price hike
Published on Monday, December 09, 2013 5:06 PM
Market Eye - Shares of four-wheeler automakers rose on Monday on hopes they would raise prices from January due to rising input costs and rupee depreciation, dealers said. ...
"Components costs have increased materially due to currency fluctuations, therefore companies will have to pass on the higher prices
OECD : - sees outlook improving in major economies
Published on Monday, December 09, 2013 5:56 PM
PARIS - The outlook for most major economies has improved, with the euro zone gathering momentum as its debt crisis subsides, the OECD said on Monday. ...
The Paris-based Organisation for Economic Cooperation and Development said its composite leading indicator, covering 33 member countries, indicated growt
Jindal Steel slumps on Congress poll showing
Published on Monday, December 09, 2013 4:31 PM
Market Eye - Shares in Jindal Steel and Power slump 6.3 percent after the main opposition BJP party swept three out of four key state elections held since last month, dealers say. ...
Jindal Steel chairman Naveen Jindal is a member of parliament representing the ruling Congress party.
BJP aims to ride momentum for 2014 after big state wins
Published on Monday, December 09, 2013 4:48 PM
By Sanjeev Miglani ...
NEW DELHI - The Bharatiya Janata Party (BJP) vowed on Monday to seize the momentum from a string of big state poll victories and smooth the tough job of broadening its appeal beyond traditional northern strongholds in time for a national election next year.
A group led by t
India to conduct debt switch in market, likely soon - officials
Published on Monday, December 09, 2013 2:46 PM
MUMBAI/NEW DELHI - India's planned 500 billion rupee debt switch programme will be done through the bond market and not through the RBI, two officials with direct knowledge of the country's plans said on Monday. ...
Longer-dated government bond yields have been rising in recent days partly due to worries
Canara Bank chairman says to improve asset quality further
Published on Monday, December 09, 2013 4:18 PM
By Swati Pandey ...
MUMBAI - State-run lender Canara Bank expects asset quality to improve by 20-30 basis points by March as it focuses on aggressive debt collections and better monitoring of performing accounts, a top official said.
The No. 5 ranked state bank expects new bad loans to fall to ab
Tata Motors to hike passenger vehicle prices by 1% from Jan
Published on Monday, December 09, 2013 11:00 AM
Automobile major, Tata Motors has planned to raise prices of its passenger vehicles by about 1 per cent from next month, said the media report. "While there is to be about 1 per cent hike in our passenger vehicles pricing, the commercial vehicles business continues to review the situation and will ...
Small steps to Mars are a big leap for Indian companies
Published on Monday, December 09, 2013 9:25 AM
By Shyamantha Asokan ...
NEW DELHI - Indian companies that built most of the parts for the country's recently launched Mars mission are using their low-cost, high-tech expertise in frugal space engineering to compete for global aerospace, defence and nuclear contracts worth billions.
WTO overcomes last minute hitch to reach its first global trade deal
Published on Saturday, December 07, 2013 4:11 PM
By Randy Fabi
NUSA DUA, Indonesia - The World Trade Organization reached its first ever trade reform deal on Saturday to the roar of approval from nearly 160 ministers who had gathered on the Indonesian island of Bali to decide on the make-or-break agreement that could add $1 trillion to the global economy