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Telcos fight back

  • Telcos fight back

    Telcos fight back

  • China overtakes India in gold demand

    A woman wears a gold bangle at a jewellery shop in Siliguri

    India's gold demand and imports took a further dipped in quarter ended December 2011 with total 4th quarter demand falling below China's demand for gold. Hence china becomes top gold consumer for the first time.

    India's demand in December quarter (Q4) was 173 tonne down 44% from 298.6 in Q4 of 2010. Against this China's Q4 demand was stagnant in Q4 at 190.9 against 190.3 in Q4FY10. This means fall in India's demand mostly due to high prices has lead China to surpass India in the gold demand.

  • Kingfisher loss widens

    An employee speaks on a mobile phone inside a Kingfisher Airlines city office in New Delhi

    Kingfisher Airlines reported a 75% wider net loss in the quarter to end-December from a year earlier, as the ailing carrier continued to feel the pinch of high fuel costs, a weaker rupee and fierce competition.

    Kingfisher lost Rs 444 crore in the third quarter ended December, 2011, 74.8% more than a loss of Rs 254 crore in the corresponding quarter a year ago

  • Goldman downgrades Maruti, ups Hero

    The new Ritz car stands on a display during its launch in New Delhi

    Goldman Sachs has downgraded Maruti Suzuki to 'Sell' from 'Neutral' and cut target price to Rs 922 from Rs 1,042 on back of 32% increase in stock price year-to-date and lower-than-expected sales volume and margin performance in fiscal third quarter.

    Goldman Sachs has upgraded Hero MotoCorp to 'Buy' from 'Neutral' and raised target price to Rs 2,356 from Rs 1,909 as it believes Hero's recent underperformance on demand and competitive concerns provides an attractive entry point.

  • Nikkei off 6-month high

    A man passing an electronic board displaying share prices is reflected in a rearview mirror of a taxi in Tokyo

    Japan's Nikkei stock average retreated from a six-month high in choppy trade on Thursday, but sentiment remained upbeat on the back of easing steps from the Bank of Japan that have weakened the yen.

    After making sharp gains this week, some market participants even said the Nikkei could test 10,000 in the next few weeks if trading volume continues to grow, although they cautioned it was likely to be a slow and steady climb.