PTI reported that luxury car maker Audi will hike the prices of its entire range of models by up to INR 3.69 lakh with effect from January 1st due to rising input costs and falling rupee. Mr Michael Perschke head of Audi India in a ...
Tags: luxury car, Audi, rising input costs, pricing strategy, India
State owned Hindustan Copper's net profit during the April to November period of the current fiscal dipped by over 21.5%to INR 110.35 crore on account of subdued prices globally. The company,the only domestic player to produce copper ...
Tags: Hindustan Copper, copper ore, LME, India
IDG News Service - Infosys said Monday it has signed a definitive agreement to acquire Lodestone Holding, a management consultancy firm in Zurich with skills in the area of SAP software, as the Indian company attempts to move into ...
Tags: Infosys, Lodestone Holding, acquisition, management consultancy
Grasim Industries Limited, an Aditya Birla Group company, announced its results for the second quarter ended 30th September 2012. Revenue for the quarter grew by 15 per cent from Rs.5,755 crore to Rs.6,602 crore. PBIDT for the quarter was ...
Tags: Grasim Industries Limited, Viscose Staple Fibre, Chemical business
The anticipated Christmas / New Year slowdown has shown few signs of beginning Just yet as all markets continue acquiring tonnage and previous deals / cash buyer 'as is' tonnage continues to arrive respective demo locations at pace. ...
Moneylife reported that after a lackluster performance throughout the year, Nomura expects near term pick up as rupee depreciation makes steel imports dearer which will revive local demand The steel industry has been in the doldrums for ...
Tags: Moneylife, Nomura, rupee depreciation, steel imports
PTI reported that Essar Shipping is planning to convert around INR 800 crore of total INR 5,500 crore debt into dollar loans to bring down the interest burden. Mr AR Ramakrishnan MD of Essar Shipping said that "We are planning to convert ...
Tags: interest burden, financing cost, domestic and foreign banks
Struggling for survival,shipping firms have asked the government to allow a tax free bond issue similar to the INR 5,000 crore infrastructure one for the ports sector. Mr Anil Devli CEO of Indian National Shipowners'Association said ...
Tags: tax free bond, Shipping Firms, government
Infosys said it has signed a definitive agreement to acquire Lodestone Holding, a management consultancy firm in Zurich with skills in the area of SAP software, as the Indian company attempts to move into higher-value services. The ...
Tata Consultancy Services on Friday reported strong revenue and profit growth in the third quarter, citing a pick-up in discretionary spending by customers. Revenue in the quarter for India’s largest outsourcer was US$2.85 billion, ...
Tags: Tata Consultancy Service, revenue, profit growth, company news
Reuters reported that demand for base metals in India could rise next week, particularly for copper and zinc, helped by a surge in construction activity and on higher buying of geysers and other heating equipment as winter sets in. ...
Tags: demand for base metals, copper and zinc, heating equipment
Indian mills chanced their first rub with market by increasing HRC price by INR 500 to 1000 per tonne after nearly 2 Quarters. Coming at fag end of the year it was pale shadow of the seasonal hike in price and demand in Q2 and Q3. ...
Tags: Indian mills, HRC price, seasonal hike
The overkill recently experienced in The VVC Indian market is still taking its toll until new sales few and tar between and most cash buyers refused on offloading their unsold inventories. The losses experienced during the recent ...
Tags: VVC Indian market, overkill, sales, inventories
IRIS reported that Broking firm Kotak Commodity Services gave following outlook on base metals segments: Copper - MCX Copper may trade under pressure amid stronger Indian rupee and rangebound movement in international market. LME Copper ...
Tags: base metals, international market, rangebound movement
PTI reported that India and Japan recently signed a currency swap agreement for up to USD 15 billion to address short term liquidity problems. The bilateral swap arrangement between the Reserve Bank of India and the Bank of Japan enables ...
Tags: swap agreement, Reserve Bank of India, Bank of Japan, PTI