Free Press Journal
  • Indian-origin Ivan Menezes named Diageo CEO

    London: India-born Ivan Menezes was named as the next boss of British liquor giant Diageo, the world’s biggest producer of alcoholic drinks and maker of the popular Johnnie Walker scotch, Guinness beer and Smirnoff vodka. 53-year-old Menezes, the current Chief Operating Officer, will replace Paul Walsh as the Chief Executive Officer of the British company on July 1. Walsh, 58, is retiring after being at helm of the company for 13 years.

  • Videocon, BPCL strike natural gas in Mozambique block

    New Delhi: Videocon Industries and Bharat Petroleum Corp Ltd (BPCL) have reported a fourth huge natural gas discovery in an offshore Mozambique block, where they hold 10 per cent stake each.

  • Sensex ends FY’13 on a positive note, up 131 pts at 1-wk high

    Mumbai:  The BSE benchmark Sensex closed the 2012-13 financial year on a positive note with the index today jumping by 131.24 points to one-week high of 18,835.77 helped by heavy buying in ICICI Bank, Infosys, L&T, ITC and ONGC shares, amid settlement of monthly derivative contracts.

  • Sensex down for 7th day, falls 54pts as political worries rise

    Mumbai: After rising 215 points in early trade on positive global cues after Cyprus clinched a bailout, the BSE benchmark Sensex today reversed gear on worries over domestic political developments with the index ending with a 54-point loss at 18,681.42, extending losses to seventh day.

  • Nestle board approves hike in royalty payment to parent firm

    New Delhi: FMCG major Nestle India today said its board has approved an increase in royalty payment by 0.20 per cent per year for the next five years to its parent firm, thereby enhancing it to 4.5 per cent of the sales.

  • US business seeks level playing field in India

    Washington:  US lawmakers and leading economic experts are agreed there is enormous potential for US-India trade and investment, but complain that New Delhi does not provide its businesses a level playing field.

  • Sensex extends losses; down 151 pts to end 2-mth low

    Mumbai: The BSE benchmark S&P Sensex extended losses for the 4th straight week by slipping another 151 points to end the week at two-month low of 19,317.01 on persistent selling pressure from operators ahead of the Union Budget next week amidst uncertainty about US monetary policy.

  • US lawmakers go on holiday with no deal on fiscal cliff

    Washington: Even as the US Congress left for its Christmas holiday without agreement on how to avoid the “fiscal cliff”, the White House said President Barack Obama remains “hopeful” that a deal still can be reached.

  • Nationwide Mobile Number Portability by Feb: Sibal

    New Delhi: Telecom Minister Kapil Sibal today said nationwide Mobile Number Portability (MNP) is expected to be rolled out by February next year, which will allow users to retain their numbers even if they move from one state to another.

  • IFC ready to partner Religare in proposed banking foray

    New Delhi: The International Finance Corporation (IFC), part of the World Bank Group, said on Thursday it is open to the idea of partnering with Religare Enterprises in its proposed banking foray.

  • Operating on a every day, every week basis: Sistema Shyam

    New Delhi: Telecom operator Sistema Shyam Teleservices, whose licences expire in January, is operating on a “every day, every week basis” even as the company is awaiting the Supreme Court decision on the curative petition.

  • Sensex closes flat ahead of parliament vote

    Mumbai: A benchmark index for Indian equities markets Monday ended flat, ahead of a vote in parliament on foreign equity in retail trade.

  • On a bull run, Sensex rises another 169 points

    Mumbai: A benchmark index for Indian equities markets Friday made further gains of 169 points with good buying in metal, banks, public sector undertakings (PSU), consumer durables, and capital goods stocks.

  • Govt hopeful of achieving Rs 30,000 cr disinvestment target

    New Delhi: Encouraged by the success of Hindustan Copper disinvestment, Finance Minister P Chidambaram today exuded confidence that the government would be able to meet the Budget target of raising Rs 30,000 crore from stake sale in public sector undertaking during the current fiscal.

  • Sensex up 194 pts to over 1-wk high on strong global cues

    Mumbai:  Extending gains for third day, the BSE benchmark Sensex today closed nearly 194 points higher at over one-week high of 18,755.45 on heavy buying, especially in capital goods, auto and bank shares, amid buoyant global stock markets on upbeat overnight US economic data.