India Business News
Wed, 08 Feb 2012 04:06:31 GMT Bharti Airtel Q3 net profit falls 22 per cent Bharti Airtel, the world's fifth-biggest mobile phone carrier by subscribers, reported on Wednesday a 22 per cent fall in quarterly profit -- its eighth straight quarter of declining profits -- hit by higher interest costs.
Wed, 08 Feb 2012 00:52:08 GMT GoM clears 21,000cr parachute for Air India There's finally some hope for the beleaguered Maharaja. A group of ministers (GoM) on Tuesday cleared a Rs 21,000-crore debt restructuring plan for Air India.
Wed, 08 Feb 2012 00:40:24 GMT Rupee beats emerging mkt currencies From being the worst performer among emerging market currencies in 2011, the rupee has outperformed all emerging market currencies in 2012. Corporates will find dealing with this volatility a challenge as several forecasters are now changing their 2012 projections for the domestic currency.
Wed, 08 Feb 2012 00:18:32 GMT Budget to be tabled on March 16 The government on Tuesday said the Budget will be presented on March 16, more than two weeks later than usual, on account of assembly polls in five states.
Tue, 07 Feb 2012 22:50:36 GMT India's GDP growth seen dipping to a 3-year low The economy has been hit by high inflation, a slowing global economy and policy paralysis in the aftermath of a slew of scandals that emerged last year.
Tue, 07 Feb 2012 15:55:36 GMT China has 50% share of world’s iron import : Experts Experts have projected China to remain as the largest importer of iron ore import not because it does not want to exhaust its resource but because the domestic raw ore is of poor quality.
Tue, 07 Feb 2012 12:33:09 GMT Rupee closes 36 paise down vs dollar Forex dealers said renewed dollar demand from importers and some banks on hopes of further rise in the US currency's value in near future also weighed against the rupee.
Tue, 07 Feb 2012 12:29:46 GMT Sensex closes 85 points lower Dampening market sentiment, the government projected GDP growth to be lower at 6.9 per cent as against the Reserve Bank estimates of 7 per cent in 2011-12.
Tue, 07 Feb 2012 11:04:20 GMT Sensex closes 87 points lower A benchmark index for Indian equities markets Tuesday provisionally closed 87 points lower as traders booked profits after five consecutive weeks of rallying.
Tue, 07 Feb 2012 11:04:20 GMT Sensex closes 87 points lower A benchmark index for Indian equities markets Tuesday provisionally closed 87 points lower as traders booked profits after five consecutive weeks of rallying.
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