Posts Tagged ‘country’

Portugal state pension fund plans to buy debt: report

LISBON (Reuters) – Portugal’s social security fund has been selling overseas financial assets in the last few days to help finance the country by buying its sovereign debt at auctions, two daily business newspapers reported on Wednesday.

Talwalkars launches new brand – Hi Fi

Talwalkars Better Value Fitness , the largest health club chain in India with a presence in more than 50 cities, has announced the launch of its 100th health club.

High rates, costs to slow investmentdriven demand: CRISIL

CRISIL Ratings expects higher interest rates and commodity prices to slow down investmentdriven demand in the country, with rising rates moderating retail demand, it said in a statement on Wednesday.

Techno Electric commissions first phase of 125 MW project

Techno Electric & Engineering Company, one of the leading EPC Company in the country, focused on power sector has announced commencement of first phase of 125 MW wind energy generation project.

Axis Infrastructure, HT Media to exit Neesa Leisure via IPO

Gujarat based hospitality company Neesa Leisure proposes to tap capital market for expanding business in other cities of the country. It has filed draft red herring prospectus (DRHP) with the SEBI for public issue.

Anil Ambani faces parliament panel in telecoms scandal

Anil Ambani, the billionaire chairman of Reliance ADA group, will appear on Tuesday to answer a parliamentary panel investigating a multibillion dollar telecoms graft scandal that has rocked the country’s political and business establishment.

Idea says to approach court to lift stay on Spice deal

Idea Cellular, India’s sixthbiggest mobile phone operator, said on Monday it will approach a court seeking to lift a stay order obtained by the country’s telecoms ministry on the company’s takeover of another telecoms firm.

`Inflation should come down to 7% for March-end`

Wholesale price index (WPI) inflation is likely to decline to 7% by end-March, 2011, as per the data yet to be released, on the back of a good rabi crop this year, well-known economist and Planning Commission Member Abhijit Sen said today . He said the latest inflation figures, to be released soon, could show that food inflation which was 9.5% on March 19 — has also come down to 8% year-on-year for the last week of the 2010-11 fiscal, as the country is set to harvest a record wheat…

Middle Income Group tightenes belt against double digit Inflation: Assocham

Upward spiraling inflation has led middle income families across the country to slash 65% of spendings on entertainment, shopping and eating out to manage their limited monthly budgets, findings of a recent extensive survey by apex chamber Assocham show.

More BOJ bond buys, G7 FX moves possible: ex-BOJ Hirano

TOKYO (Reuters) – The Bank of Japan will not hesitate to buy more government bonds from the market if needed to calm the markets, as the country’s economy may contract in the fiscal year beginning in April due to damage from last month’s devastating earthquake, a former senior BOJ official said on Monday.

Telecoms ministry obtains stay order on IdeaSpice deal

The telecoms ministry has obtained an order to stay the takeover of Spice Communications by the country’s sixthlargest mobile carrier Idea Cellular, two sources said on Friday, but Idea said it will oppose the move.

CPI (M) opposes govt`s new FDI policy

The CPI(M) has opposed the government`s new FDI policy. The party politbureau in a statement said it would not only strengthen the grip of foreign multinationals over Indian companies but also adversely affect agriculture as farmers would be at their mercy for supply of seeds. The party has asked the UPA government not to pursue the measures which would immensely harm the country`s industrial and agricultural development.

Yemenis hold largest protest yet against leader

Hundreds of thousands of Yemenis packed a square in the capital and marched in villages and cities across the nation today in what appeared to be the largest demonstrations in more than a month of demands the country’s longtime ruler step down.

Hyundai Motor March sales up marginally by 1%

Hyundai Motor India , the country`s second largest car manufacturer and the largest passenger car exporter continued to grow with domestic sales growing at 1% for the month of March, 2011.