Coimbatore | Today.in

Hypersonic missile to be ready in five years

Tuesday, January 10, 2012 - 12:57|0 Comments

COIMBATORE: With the air-version of BrahMos missile likely to be inducted in IAF within a year,works have already been started to develop BrahMos 2, the fastest Hypersonic missile in the world, which would take final... Read Full Story »

Banks set to recast loans of textile cos

Tuesday, December 13, 2011 - 17:16|0 Comments

COIMBATORE/CHENNAI: With a vast majority of textile firms deep in the red, banks are actively working on restructuring loans. However, RBI has made it clear that loans should not be recast for the entire industry.... Read Full Story »

Equity MF sales slump to 2 ½ yr low

Thursday, November 17, 2011 - 17:32|0 Comments

COIMBATORE: Volatile markets and slowing economic growth are keeping investors away from equity mutual funds (MFs). Sales in equity MFs (existing and new schemes) stood at Rs 3,591 crore in October, the lowest monthly... Read Full Story »

Starwood to bring in high-end hotel brands

Thursday, November 17, 2011 - 17:31|0 Comments

COIMBATORE: Starwood Hotels and Resorts Worldwide - which operates the Le Meridien and Sheraton brands among others - has signed agreements with developers to launch the highend St. Regis and W brands in the country... Read Full Story »

India’s garment makers flock to Dhaka

Thursday, October 13, 2011 - 15:38|0 Comments

COIMBATORE: When B Jaichand found it difficult to get workers to start a large unit for making garments in Tirupur two years ago, he decided to open a factory in Bangladesh . His Jay Jay Mills already had units in ... Read Full Story »

Gold fund assets soar as investors SIP up

Tuesday, October 11, 2011 - 13:19|0 Comments

COIMBATORE: It took more than four years for gold exchange traded funds (ETFs) to get past the Rs 4,000-crore mark in assets under management (AUM). But gold funds, its much younger sibling, which invests in gold ETFs, have grown... Read Full Story »

Sun TV stock recovers, ends up 9.5%

Tuesday, October 11, 2011 - 13:09|0 Comments

COIMBATORE: After losing nearly 16% during the day following the CBI raids on Dayanidhi Maran's residences, the Sun TV network scrip made a strong recovery and closed at Rs 288 or 9.5% higher on NSE. The counter witnessed heavy trading... Read Full Story »

Delivery defaults on cotton contracts at all-time high

Monday, September 26, 2011 - 15:51|0 Comments

COIMBATORE: The volatility in cotton prices in the early part of the year has led to an unprecedented increase in delivery defaults by both buyers and sellers. "It was a year of defaults... The volatility in prices resulted in huge... Read Full Story »

LIC to redefine biz, expand worldwide

Saturday, September 24, 2011 - 16:32|0 Comments

COIMBATORE: The Life Insurance Corporation(LIC) of India will expand in overseas markets and start segmenting agents from October as it seeks to redefine itself at a time when the industry is witnessing a slowdown, a top official said.... Read Full Story »

Yarn market revives on festive orders

Thursday, September 22, 2011 - 13:36|0 Comments

COIMBATORE: With festival orders picking up, there has been a significant improvement in the demand for yarn and prices have started to head north. While yarn prices rose by Rs 5 a kg in September in the Tirupur and Salem markets, rates went... Read Full Story »