Category: South Asia

NEW DELHI, Jan 6 (AsiaPulse) – Premium car maker Mercedes-Benz on Thursday launched a luxury SUV, M-Class, which is priced at Rs 58-60 lakh, and an open top vehicle, SLS AMG Roadster, that comes for about Rs 3 crore (US$568,830). The German auto major also showcased the future design cues through Concept A-Class and fuel […]

NEW DELHI, Jan 5 (AsiaPulse) – The Indian Prime Minister’s economic advisory panel on Monday suggested that the government take hard decisions like linking prices of petroleum products to global rates in 2012-13 as there will be no political compulsions after Assembly polls in five states are over on March 3. “I think during the […]

Jan 05, 2012 (LBO) – Maldives has reversed a ban spas imposed by the tourism ministery after determining that they were not used for prostitution as alleged by Islamist protestors, a media report said. There have been anti-semitic protests recently about the transport ministry’s decision to allow direct flights from Israel, while a restaurant that […]

MUMBAI, Jan 4 (AsiaPulse) – Starting new year on an upbeat note, Indian giant Reliance Industries (RIL, BSE:500325) on Monday regained its position of the country’s most-valued company and pushed Tata Group firm TCS to the second slot. Tata Consultancy Services (TCS) had dethroned RIL from the pole position in market-valuation charts on December 30, […]

NEW DELHI, Jan 3 Asia Pulse – The Indian government should allow FDI in the pension sector as this will increase the volume of assets which can be used to develop the country’s infrastructure, an industry study has said. “FDI in pension funds will further increase the volume of assets that can be invested into […]

NEW DELHI, Jan 3 (AsiaPulse) – Private equity firm Jacob Ballas may acquire a five per cent stake in India-based Religare Finvest, a non-banking financial services arm of Religare Enterprises, for about Rs 200 crore (US$37 million). The deal would value the company, an NBFC focussed on the MSME segment, at close to Rs 4,000 […]

NEW DELHI, (Asia Pulse) – The sales growth of about 6,500 Indian companies declined by 7 percentage points to 20 per cent in the July-September quarter compared to the previous quarter, a study by Assocham has said. “With rising interest rates, the cost of borrowing has increased, investments have dried up and profit margins have […]

NEW DELHI, (Asia Pulse) – The Indian auto industry may continue to face tough times till the first quarter of 2012-13 as firms are expected to hike car prices by up to 10 per cent, resulting in reduced demand, a study has said. “The hike in car prices would mainly be driven by high interest […]

MUMBAI, Dec 30 (Asia Pulse) – India’s market regulator Sebi has barred several companies, their directors, merchant bankers and other related entities from participating in the securities market till further order for violating IPO norms. The merchant bankers who have been prohibited from participating securities market, include “PNB Investment Services, the book running lead manager […]

MUMBAI, Dec 29 (Asia Pulse) – Indian market regulator Sebi has proposed new rules for investment advisors that will require them to be registered with a self-regulatory organisation (SRO) before undertaking such a role. The services will include financial advice, financial planning service and actions which would influence an investment decision. Besides, representatives of investment […]

NEW DELHI, Dec 28 (AsiaPulse) – Reflecting the economic slowdown in the world’s major economies, foreign direct investment into India dipped by over 50 per cent to US$1.16 billion in October for the second month in a row. The country had received US$2.33 billion overseas investment in the same month last year. In September, the […]

NEW DELHI, Dec 27 (Asia Pulse) – The Indian job market is expected to see slower hiring activity, but double-digit salary hikes next year as employers are embracing a “cautiously optimistic” approach amid the economic uncertainty. However, apprehensions are high that the economic slowdown and declining industrial output could seriously affect the hiring plans of […]