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ENS Economic Bureau The Indian Express Group

ENS Economic Bureau-

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Tata Motors drives back into black in with Q2 profit

Saturday 28 November '09

Homegrown auto major Tata Motors has staged a turnaround with a consolidated net profit of Rs 21.78 crore in the July-September quarter.
Dubai’s debt woes shake markets

Friday 27 November '09

Dubai’s debt problems shook shares across Asia and Europe on Thursday despite the emirate’s efforts to minimise the impact of a debt restructuring...
Corus pushes Tata Steel into Rs 2,720 cr loss

Friday 27 November '09

India’s biggest steel producer Tata Steel posted a consolidated quarterly net loss of Rs 2,719.80 crore due to weak demand at Corus...
Food inflation up at 15.6 pc as potato prices soar

Friday 27 November '09

Following last week’s relatively marginal increase in food prices, the annual rate of inflation of food rose by 1.6 per cent this week.
RBI chief asks banks to cut costs, pass on benefits

Thursday 26 November '09

Reserve Bank of India governor D Subbarao on Wednesday asked Indian banks to reduce costs and pass on the benefits to both depositors and lenders.
After member’s arrest, retired HC judge to be CLB chairman

Thursday 26 November '09

In a move to bring the Company Law Board out of crisis after the arrest of R Vasudevan by the CBI on bribery charges, the government today announced...
Satyam plunges 10.9 pc as scam loss almost doubles

Thursday 26 November '09

Mahindra Satyam (earlier Satyam Computer Services) shares fell 10.9 per cent on the BSE after investigating agencies said the loss suffered by investors...
Trade time extension may not take off

Thursday 26 November '09

The two largest exchanges in the country may not be extending their trading hours any time soon as brokers’ bodies are vehemently opposing the suggestion.
Inflation, capital inflows new challenges, says Gokarn

Wednesday 25 November '09

The newly appointed RBI deputy governor Subir Gokarn on Tuesday said the economy has returned to normalcy following...
Raju bought 1,065 properties through unauthorised loans: CBI

Wednesday 25 November '09

The Central Bureau of Investigation (CBI) today filed a supplementary chargesheet in the multi-crore Satyam scam...
BPRL finds more oil in Brazil block

Wednesday 25 November '09

Bharat PetroResources (BPRL), a wholly owned arm of Bharat Petroleum Corp (BPCL), said on Tuesday that it has found...
RBI alerts banks on transactions with Pakistan, Iran, 3 others

Tuesday 24 November '09

The Reserve Bank of India (RBI) has alerted banks to keep a watch on transactions of customers of five countries — including Pakistan and Iran....
ArcelorMittal looks to set up Rs 20K cr plant in Karnataka

Tuesday 24 November '09

World’s biggest steel producer ArcelorMittal today announced setting up of another integrated plant in iron-ore-rich Karnataka, thereby taking its total investment in the country to more than Rs 1,00,000 crore...
Reliance Ind jumps 3%, m-cap set to cross $100 bn after buy

Tuesday 24 November '09

Dalal Street seems to have given its thumbs up to the mega acquisition plan by Reliance Industries.....
JSW Energy IPO to raise Rs 2,700 cr

Tuesday 24 November '09

One more power sector initial public offering (IPO) is on the anvil. The Jindal group’s JSW Energy will open bids for its initial public offer on December 7 to raise a total of Rs 2,700 crore to fund the expansion plans....
ICICI Bank raises $750 mn abroad

Sunday 22 November '09

ICICI Bank has mopped up US$ 750 million through a five-year bond issue. The issue, made through its Bahrain branch, had an order book of over US $ 3 billion and was participated by over 250 investors....
$200 billion possible from PSU stake sale: Kelkar

Saturday 21 November '09

India’s public sector undertakings have a combined value of $300-400 billion which means by disinvesting half of its stake in them...
Dump operator but keep the number, all in Rs 19

Saturday 21 November '09

Mobile users will pay at most Rs 19 to retain their old number each time they switch service provider.
Rajaratnam’s hedge fund sells stake in Edelweiss

Saturday 21 November '09

US hedge fund Galleon Group LLC — the US-based hedge fund that is winding down its funds after its founder, Raj Rajaratnam...
Biz confidence shoots past pre-crisis level

Friday 20 November '09

Business confidence in India has surpassed the level that prevailed before the financial crisis seized economic growth prospects...
India’s billionaire list doubles

Friday 20 November '09

Reliance Industries chairman Mukesh Ambani is once again the wealthiest person in India. The net worth of the promoter of the largest listed Indian company...
Brazil effect: Sensex falls 213 pts, rupee down 48 paise

Friday 20 November '09

Brazil’s “bizarre” tax measures aimed at stemming the biggest currency rally and inflow of hot money into its capital market unnerved India’s financial markets on Thursday.
Tata says successor could be expatriate

Thursday 19 November '09

Tata group chief Ratan Tata’s search for a successor could lead him to an outsider, or even an expatriate.
Govt prepared if FII inflows rock the boat: Pranab

Thursday 19 November '09

Finance minister Pranab Mukherjee on Wednesday said India has mechanism in place to handle foreign capital flows if they cause...
State-owned banks warm up to consolidation idea

Thursday 19 November '09

Five big state-owned banks warmed up to the idea of consolidation in a meeting convened by the finance ministry today.
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