India Shares Investment Blog » India

Facebook sees developing countries as major growth markets

Pankaj Lakhotia — Sun, 05 Feb 2012 07:45:41 +0000

Facebook, the world’s most popular social networking site that recently filed papers to become a public-listed company, is now seeing developing countries like Brazil and India as major growth markets.

In developed countries like America and Britain, the social networking firm’s user-base has already reached saturation point. But developing countries are still promising huge consumer bases to tap.

CIL to benchmark coal on basis of gross calorific value

Prema Kher — Mon, 02 Jan 2012 06:49:57 +0000

State-run Coal India Ltd (CIL) has announced a new system of pricing effective from January 1, 2012.

Under its new pricing system, the coal giant will benchmark coal on the basis of gross calorific value, a standard used internationally. The move will push coal prices up by 30-60 per cent from what the coal giant's average price used to be.

Among the world's major coal producers, India was the only country that was not benchmarking its product on the basis of internationally accepted gross calorific value.

Oil companies may increase petrol prices by 2.10-2.13 a litr

Narendra Jakhad — Mon, 02 Jan 2012 06:45:23 +0000

State-owned oil companies meet on the first and sixteenth working day of every month to revise rates of petrol, and weakening rupee will most likely force them to announce a further increase in petrol prices in their meeting on Monday.

Experts are expecting oil companies to increase petrol prices by Rs 2.10-2.13 per litre, though upcoming Assembly Elections in five states may also the government to leave the petrol prices untouched for the time being.

Indian carmakers enjoy considerable jump in year-end sales

Sunil Kashyap — Mon, 02 Jan 2012 06:36:35 +0000

Strong demand for fuel-efficient diesel models helped Indian auto makers shun slowdown in the market in the final month of 20011.

Mumbai-based Tata Motors sold 28,916 cars in December 2011, 47 per cent up from 19,699 units sold in the corresponding period of previous year.

Sales of Tata Nano jumped 29 per cent to 7,466 units, while Indica sales climbed 57 per cent to settle at 9,307 units. Total sales including trucks and buses climbed 22 per cent to 82,278 units in December 2011 over December
2010.

Godrej Properties raises Rs 45 cr by selling 49% stake in Gurgaon project

Poonam Das — Fri, 30 Dec 2011 06:16:23 +0000

Godrej Properties Ltd has sold 49 per cent stake in its subsidiary Godrej Premium Builders to private equity firm Sun-Apollo India Real Estate Fund for Rs 45 crore, the Mumbai-headquartered real estate arm of Godrej Group confirmed.

Godrej Premium Builders is developing a project at sector 104 in Gurgaon, Haryana, called Manesar Urban Complex. It is the firm's second project in Gurgaon. Previously in 2010, the firm launched its first project, called Godrej Frontier, in sector-80 of Gurgaon.