Wednesday, December 22, 2010

Like US, India likely to release retail sales data

Like US, India likely to release retail sales data

Like US, India likely to release retail sales data

Posted: 22 Dec 2010 08:44 PM PST

As more global retailers flock to India, the country may soon start releasing retail sales data-a key economic indicator-which will help policymakers get a better picture of the state of the economy.

Sensex up 57 pts in opening trade

Posted: 22 Dec 2010 08:27 PM PST

The Bombay Stock Exchange benchmark Sensex today opened 57 points higher on the back of selective buying by funds and retail investors amid firm global cues.

US economy clocks 2.6% growth in Q3

Posted: 22 Dec 2010 04:36 PM PST

The US economy expanded at a 2.6% annual rate in the third quarter, marking a pickup in growth that may extend into 2011 as companies and consumers gain confidence to spend.

Curbs on export of cotton, yarn

Posted: 22 Dec 2010 04:33 PM PST

After the onion fiasco, the government does not seem to be taking any chances with cotton and cotton yarn, which provide livelihood to over 6 crore farmers and industry workers.

3G, MNP to define 2011 telecom story

Posted: 22 Dec 2010 04:33 PM PST

It has been a momentous year for the telecom sector, with mobile subscribers hurtling towards the 800 million mark and gross revenues crossing $20 billion.

JSW set to be biggest steelmaker by March

Posted: 22 Dec 2010 04:19 PM PST

What began as an one-off co-promotion deal when ArcelorMittal acquired a substantial stake in Uttam Galva in September 2009, is set to become the norm in the Indian steel industry with JSW Steel buying a majority stake in Ispat Industries

Longer wait to log out of IT cos

Posted: 22 Dec 2010 02:52 PM PST

To counter the high attrition rates plaguing them, domestic and MNC technology firms are introducing - or, returning to - a three-month notice regime mandatory for all exits except for some very senior positions.

US dollar ends cheaper against rupee

Posted: 22 Dec 2010 04:33 AM PST

The US dollar ended cheaper against the rupee at Rs 45.09/10 per dollar and the Pound Sterling also closed lower at Rs 69.66/68 per pound at the close of the Interbank Foreign Exchange Market (Forex) here today.

Punjab & Sind Bank hikes lending rate by up to 55 basis points

Posted: 22 Dec 2010 03:57 AM PST

State-owned Punjab & Sind Bank (PSB) said on Wednesday it has raised lending rate by up to 55 basis points making retail products, including housing and auto loans, expensive.

BSE India: Sensex closes 45 pts lower

Posted: 22 Dec 2010 03:27 AM PST

Erasing early gains, the Bombay Stock Exchange benchmark Sensex on Wednesday fell by nearly 45 points as investors booked profits after a three-day rally amid weak global cues.

Onion retail prices continue to soar

Posted: 22 Dec 2010 02:12 AM PST

Wholesale rates of onions in Delhi and the main producing region of Nashik on Wedensday fell by up to 42 per cent, but retail prices of the commodity continued to rule at Rs 70-80 per kg in the national capital.

Rupee gains 12 paise against dollar

Posted: 21 Dec 2010 10:08 PM PST

The rupee was up 12 paise at 45.10 against the US dollar in early trade today, in line with a sustained rally in the domestic equity market.

Govt cuts customs duty on onion imports to zero

Posted: 21 Dec 2010 10:00 PM PST

While agriculture minister Sharad Pawar had said the govt did not have any plans to import onions, small consignments of the commodity from Pakistan have been making their way into the country since yesterday.

Oil above $90 amid US crude supply drop

Posted: 21 Dec 2010 09:28 PM PST

Oil prices rose above $90 a barrel Wednesday in Asia after a report showed U.S. crude supplies dropped more than expected for a second week, which suggests demand is improving.
Posted by Harshad at 9:31 PM

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