Qualcomm sells 26% in India unit

Fri, 30 Jul 2010 19:19:55 GMT

Qualcomm on Friday sold 26% stake in its Indian broadband unit to Tulip Telecom and Global Holdings for $57.7 million (about Rs 268 crore).

Coal India IPO likely between Oct 18-21

Sat, 31 Jul 2010 12:40:38 GMT

The country's largest coal producer, Coal India Limited (CIL), expects to make its maiden public offering of shares between October 18 and 21, a top official said on Saturday.

ATF prices to go up by 2.7% from midnight

Sat, 31 Jul 2010 10:36:28 GMT

State-owned oil firms today raised jet fuel, or ATF, prices by 2.7 per cent after lowering the rates at the last fortnightly revision on July 16.

Many Indian billionaires befriend govt to dig gold

Sat, 31 Jul 2010 08:40:03 GMT

"I don't think there is a problem with wealth creation. I think one of the virtues of the new economy is that we actually celebrate the creation of wealth, said Raghuram Rajan.

Uninor takes rates to new low

Fri, 30 Jul 2010 19:17:35 GMT

Taking the tariff war to a new low, Uninor, a JV between Unitech and Norway-based Telenor, on Friday offered an up to 60% discount on one paise-per-second tariffs, depending upon the location and timing of a call.

China No. 2 eco, topples Japan

Fri, 30 Jul 2010 18:57:26 GMT

China has overtaken Japan to become the world's second-largest economy, the fruit of three decades of rapid growth that has lifted hundreds of millions of people out of poverty.

PNB hikes lending rate

Fri, 30 Jul 2010 19:15:52 GMT

Following RBI's decision to increase key rates, Punjab National Bank hiked its lending rate by 75 basis points to 11.75%, effective from August 1, 2010, in a sign of hardening of interest rate in the country.

'There's urge to return to low-cost aviation'

Fri, 30 Jul 2010 19:00:14 GMT

There's very little that's official about Captain G R Gopinath, the former chairman of the erstwhile Air Deccan and also the pioneer of low-cost airline business in India.

Rs-$ currency options okayed

Fri, 30 Jul 2010 19:13:36 GMT

RBI on Friday allowed stock exchanges to launch currency options on Indian rupee and US dollar, something that industry players say will complete the suite of available derivatives products and help customers to hedge their currency risks better.

Disney sells Miramax for $660m

Fri, 30 Jul 2010 19:42:37 GMT

Walt Disney has sold film studio Miramax for more than $660 million to Filmyard Holdings, ending months of talks between the media group and various bidders.

Ranbaxy boosts profit of Daiichi

Fri, 30 Jul 2010 19:40:59 GMT

Daiichi Sankyo's first-quarter recurring profit jumped nearly tenfold and kept its annual outlook, boosted by its Indian arm Ranbaxy.

BlackBerry to bring tablet PC to counter iPad

Fri, 30 Jul 2010 19:10:34 GMT

Research In Motion, maker of the BlackBerry smartphone, plans to introduce a tablet computer in November to compete with Apple Inc's iPad, according to two people familiar with the company's plans.

Sensex ends 123 points down

Fri, 30 Jul 2010 13:20:54 GMT

Late selling pressured a benchmark index for Indian equities on Friday to close 123 points lower on a lacklustre day of trade. Global markets too exhibited a negative tendency.

Indian Hotels to raise room rates this year

Fri, 30 Jul 2010 14:39:32 GMT

Tata Group-controlled Indian Hotels Co Ltd (IHCL) plans to raise its room rates this year, a senior company official said on Friday.

Dadri plant ready for Commonwealth Games

Fri, 30 Jul 2010 13:50:40 GMT

State-run NTPC on Friday commissioned a 490-MW unit under its thermal power project at Dadri, in Uttar Pradesh, which will ensure uninterrupted power supply for the upcoming Commonwealth Games.

Coal India IPO likely between Oct 18-21

Sat, 31 Jul 2010 12:40:38 GMT

The country's largest coal producer, Coal India Limited (CIL), expects to make its maiden public offering of shares between October 18 and 21, a top official said on Saturday.

China's biggest gold producer makes 3-fold profit

Sat, 31 Jul 2010 17:22:29 GMT

China National Gold Group Corp., the country’s biggest gold producer, has reported a three-fold increase in its profits to $228 million in the first half of 2010.