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April 12: Feb IIP numbers point to a slowdown

  • April 12:  Feb IIP numbers point to a slowdown

    April 12: Feb IIP numbers point to a slowdown

  • Cabinet defers aviation FDI decision to next week

    Customers stand at a Kingfisher Airlines reservation office at the domestic airport in Mumbai March 20, 2012

    The cabinet deferred on Thursday a much-awaited decision to let foreign airlines buy stake in local carriers and may take up the issue next week, Civil Aviation Minister Ajit Singh said, disappointing investors and sending share prices of carriers down

    Under current rules, foreign airlines are barred from buying stakes in domestic carriers, although foreign investors are allowed to hold a cumulative 49%.Indian airlines, led by embattled Kingfisher Airlines have long lobbied for the move

  • Nikkei extends losing streak

    A man takes a photo of displays showing market prices at the Tokyo Stock Exchange in Tokyo April 11, 2012

    Japan's Nikkei share average dropped 0.8% on Wednesday to mark its seventh consecutive session of losses as fresh concerns about Spanish and Italian finances and slowing global growth sapped investor appetite

    Sony Corp and Sharp Corp's forecast of bigger annual losses and a firmer yen also weighed on Japanese electronics companies.

  • Sony CEO to lay out revival strategy as losses pile up

    Sony Corp's new President and Chief Executive Officer Kazuo Hirai attends a news conference at the company headquarters in Tokyo April 12, 2012

    Kazuo Hirai's brief honeymoon as Sony Corp's new chief has ended abruptly as the struggling electronics giant doubled its annual loss forecast, sending its shares tumbling

    On Thursday he will try to convince investors he has a strategy to fix Sony and its ailing TV unit, and turn around a brand that has been trampled on by consumer gadget leaders Apple Inc and South Korea's Samsung Electronics

  • Maruti up on attractive Ertiga pricing

    The brand name of Maruti Suzuki is pictured on a Swift car at the company's stock yard in Ahmedabad April 25, 2011

    Shares in largest car maker Maruti Suzuki rose 2.9 percent on hopes for improved sales from its newly-launched vehicle Ertiga, which analysts said was priced low enough to make it competitive in the utility vehicle segment

    Maruti launched Ertiga at 589,000 rupees, well below market expectations for a base price of 700,000 rupees