ITC likely to increase holdings in EIH, Hotel Leela utmost 25%

In the latest development, the chairman of ITC, YC Deveshwar, announced that they are planning to raise equity shares utmost 25% in EIH, a firm managed by Oberois, and Hotel Leela, a company administered by Krishnan Nair.

Tata Communications’ core unit helped in Q3 income growth

According to the senior vice president-corporate strategy at Tata Communications, Srinivasa Addepalli, the firm’s core subsidiary has made a very big contribution to its total income growth in the previous quarter.

Oil Minister asks more duty worth Rs 80,000 on diesel autos

In the fast approaching Union Budget, S Jaipal Reddy, the Oil Minister, demanded Pranab Mukherjee, the Finance Minister, to implement more excise duty worth Rs 80,000 on diesel autos as well as provide 10-year holiday for oil along with gas hunt and refineries.

Petronet LNG obtains all-time highs in capacity volume, profit

Petronet LNG’s chief executive officer as well as managing director, Dr A Balyan, announced that the current quarter shows the highest quarterly record for capacity volume along with the profit in the history of the firm.

Civil Aviation Ministry to create fresh policy

The Civil Aviation Ministry already began on full-effort to create a fresh policy to answer the recent issues of the aviation industry such as jet fuel and airfare costing, safety and security along with infrastructure.

Singapore PM eyes India, China to drive emergence in Asian economies

In the yearly conference at the World Economic Forum, the Prime Minister of Singapore Lee Hsien-Loong announced that amidst the volatile market, India as well as China is set to drive the emergence in the economies of the Asian countries in the following years.

Walmart agrees with 50% mandatory investment in back-end infra

At Davos, according to the commerce ministry, Douglas McMillon, the president of Walmart, conferred with Anand Sharma, the commerce ministry, about the firm’s intention to conform with the policies on the recommendation with 50% mandatory investment in back-end infrastructure as well as at least USD 100 million investment.

BSE Sensex soars 0.92% as market ends week in upsurge

The BSE Sensex jumped 156.80 points or 0.92% to settle at 17,233.98, its highest closing level since 9 November 2011. The index jumped 179.79 points at the day's high of 17,258.97 in early trade. The index rose 29.39 points at the day's low of 17,106.57 in mid-morning trade.

The S&P CNX Nifty jumped 46.40 points or 0.9% to settle at 5,204.70, its highest closing level since 9 November 2011. The index hit a high of 5,217 in intraday trade. The index hit a low of 5,162.40 in intraday trade.

The BSE Mid-Cap index rose 0.66% and underperformed the Sensex. The BSE Small-Cap index gained 1.3% and outperformed the Sensex.

BSE clocked turnover of Rs 2745 crore, lower than Rs 2794.96 crore on Wednesday, 25 January 2012.

Positive 1793 Negative 1102 Unchanged 116
From the 30 share Sensex pack, 16 rose and rest fell.

CSE demands for Rs 1.62 lakh more tax on large diesel autos

The Centre for Science and Environment or CSE announced this day that it has been asking to add up tax with an amount at utmost Rs 1.62 lakh on large diesel autos to avoid the exploitation of funded fuel for lavishness.

Patni aims to hit revenue expansion scheme in FY12

iGATE Patni’s chief executive officer, Phaneesh Murthy, together with the firm’s chief financial officer, Sujit Sircar, announced that they are concentrating on a scheme on expansion of revenue in the current financial year.

Sunil Mittal says telecom industry necessitates policy assurance

In Davos, the chairman of Bharti Airtel, Sunil Mittal, announced during the World Economic Forum that the telecom industry necessitates policy assurance in the coming ten years from now until 2022.

Mallya shares Kingfisher recovery scheme with DGCA chief

In the latest development, E K Bharat Bhushan, the DGCA chief, announced that Vijay Mallya, the promoter of Kingfisher, shared with him during their meeting about the recovery scheme of the recession-hit airline.

Granules India eyes 40% growth rate in FY12

According to the managing director of Granules India, C Krishna, they have been looking forward to achieve 40% growth rate in the current financial year while eyeing near that figure in the following financial year.