The American housing market today is in shambles, with July seeing the lowest number of houses sold of any month in nearly a decade. One year ago, the average time to sell a new house was about five months, but
Negotiators fought to avert an "appaling" collapse in efforts to hammer out a global trade pact on Tuesday, with a top delegate urging compromise in a tense split between rich and poor countries. EU Trade Commissioner Peter Mandelson said the
Oil fell more than $4 a barrel to below $121 on Tuesday, touching the lowest price since May, as signs of weakening demand outweighed a disruption to Nigerian oil output. The drop also coincided with a firmer US dollar, which
The Japanese auto giant said it forecast global sales of 9.5 million vehicles this year, down from a previous estimate of 9.85 million. "The target was lowered because of slower markets in Japan, the US and Europe," said company spokesman
The new range would include a new truck platform, a new family of Neptune engines and new modular cabs. Managing Director R Seshasayee told mediapersons on Monday that work was on to develop an all new truck platform called Unitruck,
At 9:57 a.m., the benchmark 30-share BSE index was down 1.82 percent, or 260.59 points, at 14,088.52, with all but one component falling. The index fell as much as 2.2 percent in early deals. The broader NSE index had lost
Announcing this at a Video Press Conference from New Delhi U Balakrishna Bhat, Chief Financial Officer, said here the net profit increased to Rs 184.30 crore during the current fiscal ended June 30, compared to Rs 177.11 crore recorded in
The central bank has also raised the CRR (percentage of banks' deposits which they must keep with the central bank- Cash Requirement Ratio) by 25 basis points. This will come into effect from August 30. The reverse repo rate (The
At 9.06 a.m. the partially convertible rupee was at 42.68/69 per dollar, 0.3 percent weaker than 42.55/56 at close on Monday. - Asian stocks tumbled on Tuesday, after Merrill Lynch, the third-largest U.S. investment bank, said it would take a
Operating profit for the quarter ended June 30, 2008, stood at Rs 293.76 crore, a 6.6 per cent decline over Rs 314.52 crore reported in the same period last year, Executive Director of the bank, George Joseph, told reporters here.
The board of directors of the company at its meeting approved proposals entailing the investment of around 75 million dollar into the company's Gaming business and acquisition of majority stake in a US-based mobile content company, UTV Software said in
They said RBI's decision to hike short term inter- bank lending rates (repo) and mandatory cash reserve (CRR) by 0.50 per cent and 0.25 per cent respectively will affect the housing demand adversely and raise borrowing costs for developers. In
The total quantity of shares transacted were 6,358.59 lakhs valued at Rs 14,732.23cr. Total value of settlement for securities was Rs 3,254.39 cr and for funds Rs 1041.70 cr. Shortages for the settlement were 0.15 per cent and percentage of
Educomp Tele Education Network (ETEN) CA would deliver training to CA aspirants through VSAT enabled learning centres in cities across India, the company said in a statement. The portfolio of services being offered are ETEN CA Technology-enabled Coaching, accountant training,
The company also reported an income from operations of Rs 124.06 crore in the quarter ending June 30, a growth of 24 per cent from the Rs 100.18 crore for the corresponding quarter of the previous year, Hotel Leela said
OPEC President Chakib Khelil meanwhile described crude oil prices above USD 120 dollars a barrel as "abnormal," adding that they could fall to USD 78 should the US currency strengthen and tensions ease over Iran's nuclear programme. Brent North Sea
Over 2,000 investors participated on the exchange who made more than 73,469 trades during the day, NCDEX said in a statement. Guar seed futures opened weak, however, it closed on a positive note at Rs 1,910 per quintal due to
This is not a good news for the industry. Buyers will think many more time before taking a buying decision, which will impact overall sales," Hero Honda's Senior Vice-President (Sales and Marketing) Anil Dua told. RBI today hiked the short-term
Hiroshima, July 15, 2008 - (JCN Newswire) - Mazda will unveil a sporty, compact crossover concept vehicle, Mazda Kazamai, at the Moscow International Automobile Salon (MIAS) on August 26. Kazamai, which means "swirling crosswinds" in Japanese, expresses the powerful yet
Tokyo, July 25, 2008 - (JCN Newswire) - Honda Motor Co., Ltd. announced its consolidated financial results for the fiscal first quarter ended June 30, 2008.
