Hero Motocorp, country’s largest two wheeler manufacturer, has entered into a long term agreement with Erik Buell Racing to source technology in a view to strengthen its presence in the high end bike segment. With this agreement, the company could...
Prime Minister’s economic Advisory Council (PMEAC) has forecasted the economic growth rate for the financial year 2011-12 to 7.1% against the central Government projection of 6.9%. The panel sees the economy to grow at 7.5 to 8% in the next fiscal...
The shares of SBI were down in the Mumbai market on news report that the lender has agreed to sanction Rs.1200 crore bailout package for debt mounted Kingfisher Airlines. The news report has dragged down the SBI by nearly 7 percent to Rs.2285 per...
State run Bharat Petroleum Corporation Limited has planned to increase oil imports from Saudi Arabia by 27% during the financial year 2012-13 in order to compensate the reduction of oil imports from Iran. The company is likely to increase the crude...
After touching a nine month high, crude futures slumped on concerns that Greece may face difficulties to resolve prolonged debt crisis amid tough economic scenario.New York main contract, West Texas Intermediate Crude futures for March delivery was...
Bank of India will get Rs.2,776.20 crore by the allotment of preferential shares to the Government of India and Life Insurance Corporation of India at the current share price. The bank has received approval from its board to allocate 70 million...
Bank of Maharastra has reduced base rate by 0.1% to 10.6% on a monthly compounding basis with effect from February 21,2012. The present change would decrease the loan rates which are linked to base rate by 0.1%. The benchmark Prime Lending Rate...
RE power has bagged a contract from French firm to supply wind turbines for 250 Mega watt capacity plantThe company has entered into an agreement with Maia Eolis, a subsidiary of Maia Group and GDF Suez to supply onshore wind farms in France. The...
The shares of power equipment manufacturers such as Bharat Heavy Electricals Limited and Larsen and Turbo were up surged during the last trade on the Bombay Stock Exchange. Considering 20% import duty on power equipment for the project above 1000...
Stocks of Kingfisher Airlines were down more than 10% after the company has cancelled over 30 flights today due to financial crunch. The company has been facing cash crunch that has culminated into the Income Tax authorities freezing its bank...
India’s Consumer Price Index Inflation stood at 7.65% in January, which is higher than the whole price index inflation.Government has released Consumer Price Index Inflation for the first time, measures retail market prices of food groups, fuel,...
Rupee appreciated in the foreign currency exchange market after the Greece completed the deal with Private Institutional lenders to raise euro 130 billion. As per the plan, the fund will be utilized to pay for bond redemption which is on due on...
Crude futures extended its gains during the Asian trading hours in Overseas as the threat posed by Iran to stop crude shipments to France and Britain has increased demand for the most used commodity in New York. The head of Iran state Oil Company...
Thomas Cook India Ltd posted over three time increase in consolidated net profit for the fourth quarter ended December 31, 2011 at Rs.5.04 crore compared to the corresponding period last year.
The Company’s net profit in the fourth quarter of last...
This daily audio podcasts features the major trends and movements in the share market and general economy of the country. The insight and expert hands behind this podcast is of Mr.Shekar. 
