Business

October 21, 2011 7:40 PM

L&T Q2 net up 4.3 per cent

Engineering major, Larsen and Toubro on Friday, reported 4.3 per cent rise in net profit at 798 crore rupees for the quarter ended September 30.The company's revenues grew about 19 percent to 11,375 crore rupees during the same quarter. L&T bagged orders worth 16,096 crore rupees du...

October 21, 2011 7:39 PM

Idea Cellular profit falls 41%

Aditya Birla Group firm Idea Cellular on Friday, reported a 41 per cent year-on-year decline in consolidated net profit to 106 crore rupees for the second quarter.

October 21, 2011 7:39 PM

Asian shares ends mixed ahead of euro zone debt talks

Asian shares ended mixed on Friday, even as investors welcomed a statement from France and Germany promising to provide firm details of a rescue plan for the euro zone in the next few days.Hong Kong's Hang Seng gained 0.2%; South Korea's Kospi rose 1.8% and Singapore's Str...

October 21, 2011 7:38 PM

<br/>US markets mixed amid Euro confusion

US markets ended mixed on Thursday, as European leaders sought to reassure investors that a solution to the debt crisis would come soon. Germany and France released a statement on Thursday, saying that leaders would now hold two summits to discuss the debt crisis, with a solution in place by Wednesd...

October 21, 2011 6:48 PM

Pranab reviews micro-economic situation with RBI Governor

The Finance Minister Mr. Pranab Mukherjee on Friday reviewed the micro-economic situation in the country with the RBI Governor D. Subbarao in New Delhi today. Talking to reporters after the meeting the RBI Governor said that the meeting took place ahead of the credit policy scheduled to be unveiled ...

October 21, 2011 6:16 PM

Supply side constraints major reason for rising inflation: FM

Finance Minister Pranab Mukherjee today attributed the supply side constraints the major reason for the rising inflation. Speaking on the side lines of a function, Mr Mukherjee expressed concern over the inflation rate crossing double digit mark. It has reached 10.6 per cent. The Finance Minister ad...

October 21, 2011 6:15 PM

Govt takes final decision on sugar export: Thomas

The Government will take the final decision on sugar export in the first week of next month. Consumer Affairs Minister K V Thomas told reporters in New Delhi today that his Ministry is preparing a note on the sugar produced this season. The note will be submitted to the Empowered Group of Ministers ...

October 21, 2011 4:56 PM

Sensex down by 151 points

The Sensex at the Bombay Stock Exchange dropped 151 points, or 0.9 percent, to 16,786, on Friday, on worries about an interest rate hike by the Reserve Bank.The Nifty at the National Stock Exchange declined 42 points, or 0.8 percent, to 5,050. Stock markets in Japan, China, Hong Kong, Singapore, and...

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