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24 May 2013

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Hemant Nerurkar (left) and Tata Steel Europe’s MD Karl-Ulrich Koehler in Mumbai on Thursday. (Reuters)Mumbai, May 23: An impairment charge worth Rs 8,356 crore drove a spike through Tata Steel which posted a loss of Rs 6,528.51 crore in the fourth quarter ended March 31. The steel maker had earned a profit of Rs 433.46 crore in the same period last year.Just last week, the Tata group company had a...
Source : Telegraphindia | 1 Hour(s) AgoCategory : Business
alleged certain former shareholders had concealed and misrepresented critical information concerning the US Department of Justice and Food and Drugs Administration investigations while selling the company, Malvinder Mohan Singh, the former promoter and now executive chairman of Fortis Healthcare [“Daiichi Sankyo purchased the Singh family’s interests in Ranbaxy in 2008 after a long negotiation pro...
Source : Rediff | 4 Hour(s) AgoCategory : Business
Trader Peter Tuchman, left, works on the floor of the New York Stock Exchange on Thursday.NEW YORK — After bracing for a steep fall, Wall Street barely shrugged at a sharp sell-off in stock markets around the globe.It all started in Asia. Weak manufacturing data out of China pointed to a slowdown in the world's second-largest economy, sending the region's stock indexes into a tailspin.Investor jit...
Source : Los Angeles Times | 4 Hour(s) AgoCategory : Business
easier.Copyright...
Source : usnews | 3 Hour(s) AgoCategory : Business
rupee weakened further by 10-paise to 55.69 against the dollar in early trade on the Interbank Foreign Exchange due to appreciation of the US currency overseas.Dealers attributed the rupee's fall to dollar gains against other currencies overseas but a higher opening of the domestic equity market, capped rupee's losses to some extent.Do...
Source : DDINews | 3 Hour(s) AgoCategory : Business
Naresh Goyal, promoter, Jet Airways, has made the move to comply with Sebi and Foreign Investment Promotion Board normsfrom another promoter entity for about Rs 1,434 crore. The shares were purchased from Tail Winds Ltd, a company incorporated in the Isle of Man and wholly owned by Goyal.The scrips were bought on an average price of Rs 570 valuing the transaction to Rs 1,433.46 crore., Tail Winds ...
Source : Business Today | 4 Hour(s) AgoCategory : Business
Stock markets worldwide fell sharply on Thursday as surprisingly weak data from China and Europe raised worries about slow growth a day after US Federal Reserve chief Ben Bernanke broached the possibility of reducing stimulus that has buoyed investor confidence.Japanese shares were hit hardest in overnight action, with the Nikkei losing 7.3 per cent, its biggest one-day fall in two years. Investor...
Source : Khaleej Times | 4 Hour(s) AgoCategory : Business
The markets wobbled worldwide after Federal Reserve chairman Ben Bernanke appeared to hint late Wednesday that the Fed might start slowing down bond purchases by September signalling the end of QE II – the money-shovelling programme that it has adopted to pump prime the US economy.Bernanke’s off-the-cuff response to a question by Republican Congressman Kevin Brady during his deposition before the ...
Source : Telegraphindia | 1 Hour(s) AgoCategory : Business
group of ministers, headed by agriculture minister Sharad Pawar, today approved the merging of 147 centrally sponsored schemes (CSS) into 70 across various sectors for efficient implementation and monitoring in the 12th Five-Year Plan, a source said. It has approved the setting up of a flexi-funds system in each scheme, under which state governments can use 10 per cent of the budget allocated for ...
Source : Telegraphindia | 1 Hour(s) AgoCategory : Business
Uncertainty surrounding dredging subsidy is affecting the operations of the Calcutta Port Trust.The subsidy takes time to arrive, while the cabinet approval for the sop is a lengthy exercise.“We have not got the dredging subsidy for the last two financial years. Last year, only Rs 34 crore was released which is about one-tenth of the cost we have to bear. The subsidy proposal has gone to the cabin...
Source : Telegraphindia | 1 Hour(s) AgoCategory : Business
needs to rally. Jobs are scarce, incomes are falling, and prosperity seems to be slipping away. Congress could help, but instead of bold new bipartisan ideas, the nation's legislators have done little lately except argue. Here's why Congress is so out-of-touch.An...
Source : usnews | 3 Hour(s) AgoCategory : Business
Margaret Roberts, 26, plays piano while singing with four voters in the bar of the Bull Inn in Dartford, England, in 1950.Margaret Thatcher is shown at her home in England with her twins Mark and Carol in 1959.Ronald Reagan visits with Margaret Thatcher at her office at the House of Commons in London on April 9, 1975.Margaret Thatcher calls on President Gerald Ford at the White House on Sept. 18, ...
Source : usnews | 3 Hour(s) AgoCategory : Business
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