Business

A foreign individual can hold up to 5% in Indian co

Times of India - 
NEW DELHI: By permitting qualified foreign investors (QFIs) to invest directly in the stock market, the government wants to start the year with what some officials termed as a "big bang" decision.

Rupee fortune not good in New Year

Business Standard - 
The rupee was Asia's worst performing currency this year, and the outlook for 2012 also remains bleak. Despite measures taken by the Reserve Bank of India (RBI) to prevent volatility in the foreign exchange market, weak domestic fundamentals have ...

NRIs may pump in over $10bn as rates rise

Times of India - 
MUMBAI: Non-resident Indians (NRIs) are expected to pump in upwards of $10 billion as banks fall over each other to offer better rates.

FIIs take hit of Rs 2 lakh cr in 2011

Business Standard - 
PTI / New Delhi January 02, 2012, 1:29 IST Pitted against a falling rupee and plunging share prices, foreign investors are estimated to have taken a hit of over Rs 2 lakh crore in 2011 on investments in Indian stock markets.

Mahindras eye stake in Saab Automobile

Calcutta Telegraph - 
Calcutta, Dec. 31: Mahindra and Mahindra (M&M) is reported to have set its sights on bankrupt Swedish car maker Saab Automobile.

Coal India shifts to 30-60% steeper pricing regime followed elsewhere

Business Standard - 
Coal India Ltd (CIL), the world's largest producer of the item, has entered into a new price regime effective today, after its board of directors approved the plan on Friday.

Petrol price hike deferred till Monday

On Cars India - 
The state-owned oil companies meet every fortnight to revise the petrol rates based on the international crude oil prices. Three Oil companies - HP, IOCL and BP, met on December 31 to consider an upward revision, as the imports have become more ...

Jet cuts trainee co-pilots' pay from Rs 1.3L to Rs 50k

Times of India - 
NEW DELHI: India's largest private airline Jet Airways has reduced the monthly salary of its trainee co-pilots by almost 60% from about Rs 1.3 lakh to Rs 50000 in the New Year.

Bonds, equities better bet in the New Year

Times of India - 
The market turmoil has made picking the right investment choice a tough task in the last three years. Consider this: diversified equity mutual funds (MFs) gained 20% over a three-year period but returns came at a paltry 4.7% in five years.

Metro rail project on track, says district collector

Times of India - 
KOCHI: Discounting the various controversies surrounding the implementation of the Kochi metro rail project, the district administration is planning to go ahead with acquiring land for the purpose.

Happy New Year: Over 5 lakh new jobs in 2012

IBNLive.com - 
PTI New Delhi: The new year may bring in loads of cheers for job-seekers, as the experts expect the companies to hire more than five lakh new employees during 2012 despite the uncertainties prevailing about the overall economic scenario.

Fuel-efficient cars give fillip to year-end sales

mydigitalfc.com - 
By Saahil Anant Jan 01 2012 , New Delhi Buoyed by strong demand for fuel-efficient diesel models, Tata Motors sold 47 per cent more cars in December 2011 when compared with the year-ago period.

Top 10 companies lose Rs 17k cr in market cap in last week of 2011

NDTV - 
State-run ONGC saw a dip of Rs 3935 crore in its m-cap, which was at Rs 2,19833 crore; ITC lost Rs 2921 crore at Rs 1,55905 crore; SBI fell Rs 1832 crore at Rs 1,02838 crore and HDFC Bank's value dipped Rs 2466 crore at Rs 99827 crore.

CNG prices to be hiked by Rs 1.75/kg in Delhi

Times of India - 
NEW DELHI: The price of compressed natural gas (CNG) has been hiked by Rs 1.75 per kg in the national capital with effect from midnight tonight, mainly on account of rupee depreciation against the US dollar.

Will Pranab's finmin ever tell us the truth about budget?

Firstpost - 
It is not unusual for a government to run up a huge fiscal deficit in the midst of a cyclical slowdown. So, when Pranab Mukherjee's finance ministry announced a Rs 40000 crore additional bout of public borrowing on Friday for 2011-12, people didn't ask ...

Volkswagen sales grow in 2011 by record 140 per cent

Economic Times - 
MUMBAI: German car maker Volkswagen today said it clocked a 140 per cent growth in total sales to 78408 units during the calendar year 2011 compared to 32627 units in 2010.

Air India hostesses get younger

Times of India - 
NEW DELHI: Last week when 36 " flying models" of Kingfisher joined national carrier Air India - long notorious for its virtually senior citizen cabin crew - as air hostesses, the airline started a journey back in time to its glamorous old days.

How & why Cyrus Mistry will define India in 2012

Economic Times - 
Because he will take charge of India's biggest, most global and arguably most respected business empire: the Tata Group, collectively worth $83 billion.

RWH: BWSSB denies extending deadline

IBNLive.com - 
BANGALORE: The deadline for installation of rain water harvesting (RWH) systems in all building measuring 40 ft x 60 ft in the city expired on Saturday.