Thursday, December 23, 2010

Rupee down 2 paise against dollar

Rupee down 2 paise against dollar

Rupee down 2 paise against dollar

Posted: 23 Dec 2010 08:23 PM PST

The rupee fell by 2 paise to Rs 45.18 against the US dollar in early trade at the Interbank Foreign Exchange today, tracking weakness in other Asian currencies.

Sensex down 102 points

Posted: 23 Dec 2010 08:20 PM PST

The Bombay Stock Exchange fell by over 102 points in opening trade today as funds and retail investors keen to book profits ahead of the New Year offloaded their positions amid a weak trend in the Asian region.

RBI steps to push up home loan rates

Posted: 23 Dec 2010 05:31 PM PST

The RBI also addressed the contentious issue of teaser rates in home loans and increased provisioning norms for all loans given at concessional rates for the first few years and has the option to go up after the initial few years.

Riversdale gives nod to Rio Tinto's offer

Posted: 23 Dec 2010 05:29 PM PST

As the takeover bid by Rio Tinto for Riversdale Mining got a go-ahead from the Australian company's board on Thursday, Indian counterparts Tata Steel and International Coal Ventures (ICVL) swung into action, with the latter appointing Citigroup as its merchant banker to evaluate the deal.

Indian auto market stepped on the gas in 2010

Posted: 23 Dec 2010 05:28 PM PST

A resurgent and confident economy saw Indian car sales beat the developing market tag in 2010 to emerge as the 'market to be in' as sales exploded to record levels, which paled the subdued performance in erstwhile heavyweight markets of the West. The icing on the celebratory cake was that the outlook remained even more bullish.

Patni deal likely by Xmas weekend

Posted: 23 Dec 2010 05:19 PM PST

The billion-dollar plus deal to buy out India's seventh-largest IT services firm Patni Computer Systems may be sealed on the Christmas weekend as discussions between the current promoter shareholders and the two bidders were delicately poised on Thursday evening, sources directly familiar with the process said.

Airtel connects India, China

Posted: 23 Dec 2010 05:08 PM PST

Bharti Airtel, in association with China Telecom Corporation, on Thursday announced the commencement of a direct underground link between India and China-the two fastest growing economies in the world.

3G issues to be resolved soon

Posted: 23 Dec 2010 04:23 PM PST

Telecom Minister Kapil Sibal on Thursday said that the security concerns on third-generation (3G) video calls will be resolved soon.

GoM to take call on FM radio auction

Posted: 23 Dec 2010 04:23 PM PST

A group of ministers (GoM) headed by Pranab Mukherjee will meet on Friday to decide on whether to opt for the conventional open auction or clock auction model with e-assistance for the next round of FM radio stations.

China ready to help Eurozone in fight against crisis

Posted: 23 Dec 2010 04:22 PM PST

China is willing to help euro zone countries in their return to economic health and will support the International Monetary Fund element of a bailout package for the bloc, a Chinese Foreign Ministry spokeswoman said on Thursday.

Desperate govt to import onions from Pak, Bangladesh & Canada

Posted: 23 Dec 2010 12:45 PM PST

Singed by the political heat over high onion prices, the government moved on a war footing to import the aam aadmi's stock vegetable from countries as diverse as Bangladesh, Pakistan and Canada.

Didi joins chorus on price rise

Posted: 23 Dec 2010 12:40 PM PST

Mamata Banerjee on Thursday demanded the withdrawal of security forces from Jangalmahal, but said nothing on her resignation threat.

Pricey veggies push food inflation to double digits

Posted: 23 Dec 2010 12:14 PM PST

A worried govt discovered to its dismay that food price inflation has bounced back into double digits on the back of soaring onion, tomato and fruit prices.

BMW India launches Rs 29.9 lakh 'X1' SUV

Posted: 23 Dec 2010 06:09 AM PST

In its bid to strengthen leadership position in the Indian luxury car market, BMW India on Thursday launched a new sports utility vehicle, 'X1' with a price tag of up to Rs 29.9 lakh (ex-showroom Delhi).

Banks against corporate foraying into banking: RBI

Posted: 23 Dec 2010 05:56 AM PST

Banks have advised the Reserve Bank against allowing industrial houses to enter banking space, even as industry associations, NBFCs and MFIs have been in favour of corporate's into banking.

Rupee down 7 paise against dollar

Posted: 23 Dec 2010 05:17 AM PST

Dollar demand at the fag end of trading today pulled the the Indian rupee down by seven paise to 45.16/17 vis-a-vis the American currency.

Mkts down on food inflation; Sensex loses 33pts

Posted: 23 Dec 2010 05:13 AM PST

Falling for the second day in a row, the BSE benchmark Sensex today closed 33 points down in sluggish trade mainly due to worries over food inflation rising to double digits again.

Bank of America WikiLeaks' next target?

Posted: 23 Dec 2010 05:06 AM PST

WikiLeaks' next data release, early next year, is widely expected to centre on Bank of America Corp (BofA).

Airtel launches direct terrestrial link between India, China

Posted: 23 Dec 2010 02:16 AM PST

Telecom major Bharti Airtel, in association with China Telecom Corporation, launched a direct underground terrestrial link between India and China, which promises phone users in both countries seamless connectivity.

BMW launches new 'X1' SUV at Rs29.9lakh

Posted: 22 Dec 2010 11:37 PM PST

German luxury car maker BMW today launched its new sports utility vehicle, 'X1', in India at a price tag of up to Rs 29.9 lakh (ex-showroom Delhi).

Food inflation jumps by 3% in a week

Posted: 22 Dec 2010 10:21 PM PST

While fruits and milk became 20.15% and 17.83% more expensive year-on-year, vegetables became 15.54% dearer. On an annual basis, onions became costlier by 33.48%, according to govt data.

US drags China to WTO over wind power subsidies

Posted: 22 Dec 2010 09:49 PM PST

The United States on Wednesday filed a case against China with the World Trade Organisation, alleging that the Asian powerhouse was illegally subsidising the production of wind power equipment.

After initial gains, Sensex down 14pts

Posted: 22 Dec 2010 09:35 PM PST

The gains registered by the BSE benchmark Sensex in opening trade today were wiped out by 1015 hours, with the 30-share index almost 14 points down amid selling pressure in auto, metal and capital goods stocks.

Rupee gains 9 paise against dollar

Posted: 22 Dec 2010 09:22 PM PST

The rupee rose by 9 paise to Rs 45 against the dollar, extending its winning streak for the third consecutive session on the back of sustained dollar inflows into the domestic equity market and gains made by other Asian currencies.

'Invitation only' shopping portals attract VC funding

Posted: 22 Dec 2010 08:52 PM PST

An emerging niche within the Indian retail sector has caught the fancy of venture capitalists (VCs). And these are 'by invitation only' shopping websites.
Posted by Harshad at 9:09 PM

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