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Archive for November 12th, 2009

Indian commercial property sentiment still subdued: RICS

The commercial property sentiment in India is still subdued though an improvement is noticeable when compared to the second quarter, a survey has revealed.

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Power ministry jittery on Bhutan investments

The power ministry is in a quandary over the present investment model for hydel projects in Bhutan.

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India, China top priority mkts: Honda

Honda listed India and China among “top priority” markets globally as growth remains doubtful in traditional volume markets in Europe and US.

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‘RIL not aware of family agreement’

RIL told the SC that Anil Ambani could have a grievance against Mukesh for alleged breach of the 2005 family agreement, but neither he nor RNRL are eligible to move court.

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MMTC, Swiss firm to start coin minting

MMTC Limited has joined hands with Swiss precious metals refiner PAMP SA to start gold refining and minting of coins displaying the coloured picture of Indian world heritage sites.

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New AIG chief threatens to quit

After just three months as head of battered insurer AIG, Robert Benmosche has threatened to leave his post as he struggles to deal with heavy government oversight.

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Recast of AI an uphill task

Air India may move faster on a plan to restore financial health and long-term viability after having tread its first tentative steps along the road to reform.

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Car sales zoom 34% in October

Car sales soared 34% in October, the fastest-ever growth in nearly three years as festive fever and cheaper interest rates perked demand.

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JNPT set to develop India’s 1st port SEZ

India’s first SEZ exclusively for a port will soon be developed by the Jawaharlal Nehru Port Trust on a sprawling 276 hectares of land near Belpada-Karal villages.

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Exports may see positive growth in January

The government expects growth in merchandise exports to enter positive territory by January.

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DoT goof-up may cause delay in 3G

Defence ministry says the department seeks to issue spectrum the Armed Forces have not yet vacated

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PM endorses big reform of Railways

The review says the railways has added 960km between 1990 and 2007 while China has added 20,000km

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Ministry no to softer environmental norms

While some say that the amendments would not have been beneficial for the environment, others claim that continuing the clearance process for such projects will deter India from achieving its 10% economic growth target

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BSE trying to revive trade in derivatives

BSE’s share in the cash market is about 24% but insignificant in derivatives trade

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Left behind: the lopsided rule of arm-wrestling

National tournaments notwithstanding, arm-wrestling in India still carries the whiff of the schoolyard with it

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Tata Power will keep selling stake in telcos

The company owns 8% of Tata Teleservices Ltd (TTSL), 7% of Tata Teleservices (Maharashtra) Ltd, 17% of Tata Communications Ltd and 40% of Panatone, a holding firm for some of the group’s telecom assets

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Quick Edit | Why companies hoard cash

First, high corporate savings are related to low levels of corporate governance, so shareholders cannot use their voting power to demand higher dividends and prevent firms from hoarding cash

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October car sales rise 34%, fastest in 2 years

India is a market that holds out hope for global auto makers, according to auto analysts and industry officials, showing a 19% rise in car sales since the fiscal year began in April, compared with flat sales in mature markets such as Europe and the US

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Air India suffers net loss of over Rs5,548 cr in 2008-09

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Cipla offers H1N1 virus drug supply to US

Patents protection for Roche’s Tamiflu in US and Europe has not allowed Cipla to sell its generic version in these two geographies, its chairman Y K Hamied said

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