RSSMix.com Mix ID 91169

McDonald's Jan. global sales up, U.S. lags

Tue, 09 Feb 2010 14:27:27 -0500

LOS ANGELES (Reuters) - McDonald's Corp beat expectations with a 2.6 percent increase in January sales at established restaurants, as overseas results overcame a sluggish performance in the United States.

European governments agree to help Greece - source

Tue, 09 Feb 2010 14:25:29 -0500

BERLIN (Reuters) - European governments have agreed in principle to help heavily indebted Greece, a senior German coalition source said on Tuesday, in what would be the first rescue of a euro zone member in the currency's 11-year history.

Oil rises above $73 on Greek bailout hopes

Tue, 09 Feb 2010 14:23:00 -0500

NEW YORK (Reuters) - Oil rose over 2 percent on Tuesday as reports of a possible aid package for the troubled Greek economy sent Wall Street higher, weakened the U.S. dollar and supported oil prices.

Toyota hearing delayed, regulators review Corolla

Tue, 09 Feb 2010 14:19:56 -0500

WASHINGTON (Reuters) - A U.S. congressional committee postponed a hearing scheduled for Wednesday to examine recent vehicle recalls and how Toyota Motor Co and regulators responded to reports of safety problems with big-selling cars.

Eurozone agreed in principle to aid Greece - source

Tue, 09 Feb 2010 13:49:02 -0500

BERLIN (Reuters) - Euro zone countries have decided in principle to help debt-stricken Greece, a senior German ruling coalition source said on Tuesday.

TIMELINE - Toyota's rise and run-up to its recall crisis

Tue, 09 Feb 2010 13:41:20 -0500

DETROIT (Reuters) - Toyota Motor Corp has issued a string of recalls covering more than 8.5 million vehicles worldwide including its flagship Camry sedan and the Prius hybrid.

Crisis-hit Greece sticks to guns on wages, taxes

Tue, 09 Feb 2010 13:13:28 -0500

ATHENS (Reuters) - Greece's Socialist government announced a tough incomes policy on Tuesday, a day before unions strike against austerity measures needed to exit a fiscal crisis, and sugared the pill by hiking taxes on the rich.

Cognizant results signal rebound, market share gains

Tue, 09 Feb 2010 13:00:29 -0500

BANGALORE (Reuters) - Cognizant Technology Solutions Corp reported a quarterly profit that breezed past market estimates and unveiled a strong outlook for the year, as it continues to gain market share from its rivals.

Reliance says halted fuel sales to Iran last May

Tue, 09 Feb 2010 12:29:59 -0500

NEW DELHI (Reuters) - Reliance Industries Ltd, which operates the world's biggest oil refining complex in India, on Wednesday said it had halted fuel sales to Iran from May 2009.

Astra gets Crestor boost ahead of key patent trial

Tue, 09 Feb 2010 12:02:22 -0500

LONDON (Reuters) - AstraZeneca has pulled ahead of the pack with an expanded label in the United States for its heart drug Crestor, but the medicine's future remains uncertain ahead of a vital patent trial this month.

Hathway Cable IPO poorly subscribed on day 1

Tue, 09 Feb 2010 12:01:31 -0500

MUMBAI (Reuters) - Cable television and broadband services provider Hathway Cable & Datacom's initial public offering to raise up to 7.35 billion rupees was poorly subscribed on its first day, data from the National Stock Exchange showed.

Zee Turner may take channels off Hathway Cable networks

Tue, 09 Feb 2010 12:00:40 -0500

MUMBAI (Reuters) - Zee Turner Ltd, a joint venture between Turner International and India's Essel group, said on Tuesday it may switch off several popular channels across networks of Hathway Cables due to payment defaults.

Cognizant profit tops Street; outlook bright

Tue, 09 Feb 2010 12:00:28 -0500

BANGALORE (Reuters) - Cognizant Technology Solutions Corp reported a quarterly profit that breezed past market estimates and unveiled a strong outlook for the year as technology spending rebounded in an improving economy.

Cognizant results signal rebound, market share gains

Tue, 09 Feb 2010 12:36:27 -0500

Toyota recalls new Prius in latest safety fix

Tue, 09 Feb 2010 10:55:40 -0500

TOKYO/WASHINGTON (Reuters) - Toyota Motor Corp said it would call in nearly half a million new Prius and other hybrid cars for braking problems, the third recall in a spiralling safety crisis at the world's biggest carmaker.

Sensex rises 94 points to end above 16K

Tue, 09 Feb 2010 10:27:03 -0500

Mumbai: A benchmark index of Indian equities Tuesday shut shop 94 points higher than its last close to close above the 16,000-mark.

Top 5 Indian brands to look out for in 2010

Tue, 09 Feb 2010 10:14:12 -0500

India's largest dairy co-operative, Amul is eyeing a big leap with Rs 10, 000 crore turnover next fiscal. Then there are other Indian brands such as Bharat Electronics, Mahindra Group, Bharti Airtel and Dabur who have established themselves as frontrunners across the sectors. Some of them are fast emerging as the face of India Inc in markets across the world. A quick glance at the top five brands of India to look out for in 2010. These are the names who are either likely to hit Rs 10,000 crore turnover in the near future or they have already surpassed this figure in terms of sales.

Bharti, Reliance Comm plan mobile app stores

Tue, 09 Feb 2010 09:11:10 -0500

NEW DELHI (Reuters) - India's top two mobile firms, Bharti Airtel and Reliance Communications both plan to launch online mobile applications stores, opening up a new revenue stream from add-on services such as music and social networking.

Maoists blast rail tracks in Bihar, Jharkhand

Tue, 09 Feb 2010 09:04:41 -0500

Patna/Ranchi: Train traffic was disrupted in several places in Bihar and Jharkhand when Maoists blew up rail tracks Tuesday morning, day three of their 72-hour shutdown to protest the proposed offensive against them.

Rising milk prices may fuel inflation - Citi

Tue, 09 Feb 2010 08:53:35 -0500

Mumbai: Rising prices of milk and dairy products are a potential pressure point for food inflation, Citigroup said in a recent note.

FOCUS - Education to get boost on govt reform, PE funds

Tue, 09 Feb 2010 07:50:40 -0500

MUMBAI (Reuters) - India's education sector is likely to see heavy investments from private equity funds over the next couple of years betting on increased government spending and as private players plan expansions, officials said.

BUY OR SELL - Cheap telcos worth a call?

Tue, 09 Feb 2010 07:50:28 -0500

NEW DELHI (Reuters) - Shares in India's leading listed telecoms companies continue to reel after being hit hard in 2009 as a price war dents margins and clouds future earnings growth.

BSE Sensex rises 3rd day; techs climb

Tue, 09 Feb 2010 06:50:39 -0500

MUMBAI (Reuters) The BSE Sensex climbed 0.7 percent on Tuesday, stretching gains for a third day, as European and Asian markets saw some respite but the outlook remained clouded by uncertainties.

Renault reviewing joint venture with Mahindra

Tue, 09 Feb 2010 06:40:39 -0500

MUMBAI (Reuters) - French carmaker Renault is talking to its Indian partner, Mahindra & Mahindra, about restructuring their joint venture that makes the Logan sedan, and said a decision will be made in 30 to 45 days.

Bank of India postpones dollar bond issue - sources

Tue, 09 Feb 2010 06:10:47 -0500

HONG KONG (Reuters) - Bank of India has postponed its planned dollar bond issue due to choppy market conditions, sources close to the deal said on Tuesday.

Contemporary auctions aim to cement art recovery

Tue, 09 Feb 2010 06:00:37 -0500

LONDON (Reuters) - Confidence has surged back into the art market faster than predicted, and although contemporary values were hit hard by the credit crunch, auctioneers are confident that this week's sales will cement the recovery.

RBI allows changes in Forex loan repayment

Tue, 09 Feb 2010 06:00:27 -0500

MUMBAI (Reuters) The Reserve Bank of India said on Tuesday banks may allow changes in the repayment of foreign currency borrowings if the average maturity of such debt is maintained.

Regional rivalry tests security in Mumbai

Tue, 09 Feb 2010 05:20:50 -0500

MUMBAI (Reuters) - A verbal battle between Bollywood star Shah Rukh Khan and radical Hindu group Shiv Sena has sparked worries the stature of Mumbai, India's financial hub, is being undermined by politics that are anti-migrant and polarising.

BSE Sensex provisionally closes up 0.6 pct

Tue, 09 Feb 2010 05:20:40 -0500

MUMBAI (Reuters) The BSE Sensex provisionally gained 0.6 percent on Tuesday, with software companies leading the rise, supported by mostly positive world equities.

India gold demand abates; price falls eyed

Tue, 09 Feb 2010 05:20:28 -0500

MUMBAI (Reuters) - India's gold demand abated on Tuesday afternoon after picking up in the previous session as traders awaited price declines, with a strong rupee aiding sentiment, dealers said.

Nothing political about Pawar-Thackery meeting: NCP

Tue, 09 Feb 2010 05:06:54 -0500

New Delhi: The Nationalist Congress Party (NCP) Monday sought to play down party president and union Agriculture Minister Sharad Pawar's meeting with Shiv Sena chief Bal Thackeray, saying it was about the IPL and had 'no political meaning'.

Rupee extends gains tracking shares; weak dollar

Tue, 09 Feb 2010 05:00:28 -0500

MUMBAI (Reuters) - The rupee extended gains in afternoon trade on Tuesday tracking a largely weaker dollar overseas and also boosted by gains in the domestic sharemarket.

Dec industrial output seen up 12 pct y/y

Tue, 09 Feb 2010 04:50:28 -0500

REUTERS FORECAST: Industrial output to rise 12 percent in December from a year earlier, the median forecast in a poll of 21 economists shows. That is marginally higher than an annual rise of 11.7 percent in November.

Tata Consultancy Services website hacked

Tue, 09 Feb 2010 04:21:52 -0500

Mumbai: Indias largest information technology services company, Tata Consultancy Services (TCS), has become the latest target of hackers. The company has restored its website, after hackers changed its domain name and put it up for sale.

TEXT- Fitch: Fertiliser sector's otlk stable to neg in 2010

Tue, 09 Feb 2010 04:20:27 -0500

Aegon Religare gets 850 mln rupees infusion

Tue, 09 Feb 2010 03:50:27 -0500

MUMBAI (Reuters) - The founders of Aegon Religare Life Insurance has put in 850 million rupees of additional capital in the venture to fund expansion, it said on Tuesday.

PepsiCo India goes lime 'n lemoney

Tue, 09 Feb 2010 03:44:27 -0500

Mumbai: With an alternative to carbonated cola drinks in lemon-flavoured beverages, PepsiCo India is not cutting any slack. Its non-carbonated lemon juice-based 7-Up Nimbooz already on the shelves, the company has started sprucing up the parent brand, 7-Up, with a simpler and single-minded positioning. A new campaign and new packaging would take the brand closer to Indias small towns.

Amul to be a Rs 10,000-cr brand next fiscal

Tue, 09 Feb 2010 03:41:49 -0500

New Delhi: The country's largest dairy cooperative, the Gujarat Cooperative Milk Marketing Federation (GCMMF), better known as Amul, today said it is expecting to cross the Rs 10,000-crore-mark in turnover next fiscal.

Jobs heading for boom time again, senior level hiring picking up

Tue, 09 Feb 2010 03:22:59 -0500

Job scene brightens a year after senior-level hiring went down 20% from the boom of 2007-08.

Tata leads the way to innovation and how

Tue, 09 Feb 2010 03:15:16 -0500

New Delhi: The Tata Group has instituted a number of mechanisms to encourage its large workforce to innovate.

Price rise will be in control soon, assures Pranab

Mon, 08 Feb 2010 10:54:41 -0500

Kolkata: As food inflation spiralled to over 17 per cent, the government today said that the price situation is being reviewed regularly and surge in prices of essential items would be controlled soon.

TRAI starts process for 4G spectrum

Mon, 08 Feb 2010 10:53:34 -0500

New Delhi: Even as the government debates as to when the auction of spectrum for the third generation telephony will take place, telecom regulator TRAI today started consultation for the next level of telecom services.

IT majors help lift T-cloud with hiring spree

Mon, 08 Feb 2010 06:20:38 -0500

Hyderabad: After a recruitment freeze for nearly two years, Hyderabad's IT industry is opening doors and loosening purse strings once again. As the process of campus placements started at the Osmania University (OU), where exams have been postponed and situation remains volatile, offers from top companies brought some cheer for students amidst the gloom and apprehensions of missing out on job prospects due to the agitations and shutdowns.

ADAG firm puts spanner in Fame-INOX deal

Mon, 08 Feb 2010 03:42:00 -0500

Says promoters rejected higher offer from it.

Kingfisher Airlines hires US firm to revamp ops

Mon, 08 Feb 2010 03:07:37 -0500

Hopes to improve its performance and turn profitable

58% of laid-off last year are baCK in jobs: Report

Mon, 08 Feb 2010 03:07:16 -0500

New York: Amid tough job market in the US, job seekers are seeing some glimpse of hope, with a survey showing nearly six in ten workers laid off in the last year have landed new jobs.

Realty cos find increasing takers for small office units

Sun, 07 Feb 2010 07:22:00 -0500

Mumbai: Realty players are finding small office spaces a better bet as businesses battered by recession and entrepreneurs with capital-constraints are increasingly gravitating towards them on the ground of affordability.

L&T eyes Rs 3,700 cr topline from electrical systems biz

Sun, 07 Feb 2010 07:19:50 -0500

Mumbai: Engineering major, Larsen & Toubro (L&T), is eyeing a revenue of Rs 3,700 crore this fiscal from its electrical systems business, which manufactures switchgears, metering systems, petrol dispensing pumps and medical equipment, among others.

Max Bupa to start operations from next month

Sun, 07 Feb 2010 06:23:50 -0500

Mumbai: Stand-alone health insurance company, Max Bupa Health Insurance, plans to launch its operations by March this year, a top company official said.

Indiabulls to develop 2,500-acre SEZ near Nashik

Sat, 06 Feb 2010 12:19:31 -0500

Nashik: Diversified entity Indiabulls Group will develop a Special Economic Zone (SEZ) at Sinnar near Nashik in association with the Maharashtra Industrial Development Corporation.