Articles by ambrosia sabrina

ambrosia sabrina
Email : editor@ibtimes.co.in
a-gas-nozzle-is-used-to-pump-petrol-at-a-station

Petrol Price Hike: 5 things to Watch Out For

The announcement of the government to hike petrol price by Rs 7.50 per litre, which will come into effect on Thursday, has not gone down too well with the public and government allies. The Bharatiya Janata Party (BJP) is even planning a nation-wide bandh to demand immediate rollback of the petrol price hike. May 24, 2012
maruti-suzuki

Auto Stocks Plunge Amidst Petrol Price Hike

BSE Auto index took a hit on Thursday morning trade session amidst petrol price hike. Maruti Suzuki took the worst hit, trading shares at Rs. 1,132 and reporting a fall of 1.67 percent at At 1:22 p.m. May 24, 2012

Reebok Files FIR Against Former Top Employees For Alleged Fraud

Reebok India on Tuesday filed an FIR against its former managing director Subhinder Singh Prem and COO Vishnu Bhagat for allegedly mishandling the company's money by indulging in fictitious sales, and setting up forged accounts over the past couple of years May 23, 2012
rupee

Rupee Tumbles Short of 'Psychological 55' at Record Low of 54.99 to Dollar

Indian currency took another beating on Monday, sinking to a record low of 54.99 against the US dollar in the late afternoon trade session. The rupee stood at 54.96/97 to the dollar at 4:26 p.m. (1056 GMT), and had earlier plunged to the key psychological level of 55 to the dollar, Reuters said. May 21, 2012
indian-president-pranab-mukherjee

Pranab Mukherjee's Crackdown on Black Money; Tables White Paper in Parliament

Finance minister Pranab Mukherjee presented the much-anticipated "white paper on black money" at a Parliament session on Monday. Mukherjee's proposed move reflected an earlier promise made during his budget speech in the Lok Sabha where he said, I will try to give all the relevant and possible information". May 21, 2012
mark-zuckerberg

Facebook Valued At $104 As Public Trading Set To Begin; Shares Priced At $38

Facebook raised $16 billion in the largest initial public offering (IPO) by a technology company in history as it increased the price of its offering to $38 per share on Thursday. The social media giant's valuation shot up to about $104 billion before public trading begins Friday on the Nasdaq exchange under the ticker symbol FB. May 18, 2012
Prices of the safe haven yellow precious gold metal jumped 0.2 per cent to $1,751.80 an ounce after finance ministers in the heavily fiscal-affected eurozone and the International Monetary Fund (IMF) agreed to reduced Greece's long-term debt.

India's Gold Demand Falls 29 Percent In Q1; Price Upturn Likely In Future

India's gold demand slumped 29 percent in the year's first quarter, falling far behind China which is now the world's leading bullion market, the World Gold Council said Thursday. As per the organization's report, the country's gold consumption in volume declined to 207.6 tonnes in the first quarter, as compared to that of 291.8 tonnes at the same period the previous year. India's gold jewellery market reported a drop at 19 percent to 152 tonnes, while investment demand dipped 46 percent down... May 17, 2012
Shahrukh Khan

Another Controversy For Bollywood Badshah: SRK May Face Lifetime Ban From Wankhede Stadium Following Security Scuffle

Shah Rukh's alleged scuffle with security and officials at a cricket event on Wednesday has evoked the Mumbai Cricket Association (MCA) to impose a lifetime ban that prevents the Bollywood hotshot from entering a Mumbai stadium. The incident reportedly took place at the gates of Wankhede Stadium, when SRK was stopped by security officials from entering the cricket grounds. It was alleged that the actor was drunk and had misbehaved with personnel for having been refused admission post th...... May 17, 2012

Honda India Aims To Ramp Motorbike Revenue To 30% By 2020

Honda Motor Co wants India to double its contribution in global motorcycle revenue by 2020, with the automaker now seeking to explore developing markets for low cost vehicles. Keita Muramatsu, president of Honda Motorycle **9** Scooter, announced on Tuesday a target of 30 percent in global sales, a 13 percent step-up in revenue that India is solely expected to deliver in eight years time. The announcement was made at Honda's launch of its new Dream Yuga motorcycle in the New Delhi capital,... May 15, 2012