Business – Vitals

It would break from tradition with a two-tiered pricing system for smart-phone data use, U. S. communications giant AT&T said on Wednesday. AT&T said, rather than charge a single fee for unlimited Internet access with mobile devices, it would begin June 7 with a $15-per-month fee for customers using less than 200 megabytes of data [...]

Haier India, a leading consumer electronics and home appliances brand, has declared that it recorded a 200% increase in its turnover during the first quarter of the current fiscal. While addressing a press meet, Eric Braganza, Haier India President, stated Haier recorded its 2009 turnover of Rs 350 crore by the month of May 2010, [...]

Stock market analyst Anu Jain has maintained ‘buy’ rating on Reliance Communication Ltd stock to achieve a target of Rs 162. According to Jain, the investors can purchase the stock with stop loss of Rs 151. On June 02, the stock of the company closed at Rs 154.60 on the Bombay Stock Exchange (BSE). The [...]

According to recent reports, India has become the third biggest steel producer in the world during the last fiscal ended March 2010. The country fabricated 72.786 million tonne of steel in the last financial year, said the report released by Prime Minister Manmohan Singh. State owned steel firms registered a combined profit after tax (PAT) [...]

According to the statement issued by the largest player in the Indian two-wheeler industry, Hero Honda, the company has managed sales of around 4,35,933 units in May, registering 13.92 per cent increase over the same month last year. Notably, this is the highest ever sales reported by the company in its history in a month’s [...]

HP will lay off 9,000 workers over a multiyear period while moving toward automation at its commercial data centers, U. S. technology giant has said Hewlett Packard. It would spend $1 billion upgrading its information technology centers and phase out the jobs as the new systems go on line, the company further said. Tom Iannotti, [...]

A $30.3 billion bid for its Asian life insurance business was rejected by American International Group after weeks of negotiations with British insurer Prudential. The New York Times reported on Tuesday that the U. S. insurance giant, which has sold several major assets to help pay back $182 billion in federal government loans, refused to [...]

Gold rates in the Indian market hit a record high of $398.42 for ten grams on Tuesday and marked its closure at $398.11. The increasing gold prices have severely disturbed the budget of buyers during the ongoing marriage season. On the Multi Commodity Exchange (MCX), gold futures were ruling 1.88% up, following strong cues from [...]

The 30-share index Sensex turned volatile during noon amid lingering worries on the European debt crisis and pessimistic reactions at other global stock markets. The Sensex, which opened at 16,574.79, was trading 68.06 points up at 16,640.09 as against its last close at 16,572.03. The broad-based Nifty stood at 4,987.25 after surging 0.34% from its [...]

Hinduja To Buy Belgian Private Bank For Euro 1.35 BlnDiversified international conglomerate Hinduja group has decided to get hold of Luxembourg-based banking and insurance company KBC’s private banking division for around Euro 1.35 billion. The division, KBL European Private Bankers, is one of Europe’s biggest onshore private banking groups with local affiliate banking institutions in [...]