Tuesday, December 21, 2010

Rupee gains 5 paise against dollar

Rupee gains 5 paise against dollar


Rupee gains 5 paise against dollar

Posted: 21 Dec 2010 08:40 PM PST

The rupee gained another 5 paise to Rs 45.17 against the US dollar in early trade at the Interbank Foreign Exchange today, supported by gains made by other Asian currencies against the greenback.


Sensex jumps 77 points in opening trade

Posted: 21 Dec 2010 08:16 PM PST

Extending its gaining streak, the BSE benchmark Sensex rose by 77 points in opening trade today on sustained buying by funds, taking cues from other Asian markets.


Essar bids for Shell's UK refinery

Posted: 21 Dec 2010 04:19 PM PST

Royal Dutch Shell has told employees at its Stanlow refinery that India's Essar Group has made a 'credible' bid for the plant, a union official said.


IB snaps ONGC's cyber communication plans

Posted: 21 Dec 2010 04:12 PM PST

Intelligence Bureau (IB) has shot down flagship explorer ONGC's plans to extend the reach of its corporate IT network through internet .


Airlines set to take off after turbulence

Posted: 21 Dec 2010 12:04 PM PST

The year 2010 was both a year that saw a silver lining as well as dark clouds in the aviation industry.


Open bank account with Aadhaar Number

Posted: 21 Dec 2010 12:02 PM PST

There is good news for millions of Indians who are unable to open bank accounts for want of documents that meet the know-your-customer (KYC) norms.


JSW buys 41% in Ispat for 2,157cr

Posted: 21 Dec 2010 11:48 AM PST

Sajjan Jindal-controlled JSW Steel is bailing out the beleaguered Ispat Industries by picking up a majority stake of 41% in the company, which is owned by Pramod Mittal and Vinod Mittal, the younger siblings of Lakshmi Nivas Mittal of ArcelorMittal.


JSW buys Ispat, now India's top private steel co

Posted: 21 Dec 2010 10:56 AM PST

Sajjan Jindal-controlled JSW Steel is bailing out Ispat Industries by picking up a majority stake of 41% in the company, which is owned by Pramod Mittal and Vinod Mittal, younger siblings of Lakshmi Mittal of ArcelorMittal.


India still world's No. 1 destination for offshore outsourcing

Posted: 21 Dec 2010 08:17 AM PST

India remains world's top destination for offshore outsourcing, but Philippines, Vietnam and China are posing tough competition, says a study by Gartner Inc.


Sensex hits 5-week high to breach 20k-mark

Posted: 21 Dec 2010 04:10 AM PST

The BSE benchmark Sensex today recorded a 5-week high and closed above the psychological 20,000-mark, driven by brisk buying in blue chips like ICICI Bank and Reliance Industries, as well as on firm global cues.


Export ban brings onion prices down

Posted: 21 Dec 2010 03:24 AM PST

Onion prices fell more than 30% in many cities after the government banned exports to rein in the cost of the vegetable. The agriculture ministry on Monday banned exports until Jan 15 due to high onion prices.


BSE India: Shares provisionally close up 0.9%

Posted: 21 Dec 2010 03:15 AM PST

Indian shares provisionally closed 0.9 percent higher on Tuesday, tracking firm world stocks, with banks leading the gains.


BSE India: Shares provisionally close up 0.9%

Posted: 21 Dec 2010 03:15 AM PST

Indian shares provisionally closed 0.9 percent higher on Tuesday, tracking firm world stocks, with banks leading the gains.


M&M re-enters SUV segment with Mahindra Thar

Posted: 21 Dec 2010 02:32 AM PST

Mahindra & Mahindra has re-entered the off-road compact SUV segment with Thar, a reworked version of the Commander Jeep that was pulled off the roads in early 2000.


JSW buys 41% in Ispat for Rs 2,157cr

Posted: 21 Dec 2010 02:14 AM PST

Ispat Industries today said it has entered into an agreement with JSW Steel Ltd for the preferential allotment of shares worth Rs 2,157 crore to the Sajjan Jindal-led company at a price of Rs 19.85 apiece.


JSW Steel plans to restart Ispat plant by mid-Jan

Posted: 21 Dec 2010 02:11 AM PST

JSW Steel Ltd plans to restart Ispat Industries' Mumbai plant by mid-January, 2011, Jayant Acharya, executive director, told reporters.


IOC losing Rs118cr a day due to fuel subsidy

Posted: 21 Dec 2010 01:00 AM PST

State-owned Indian Oil Corp (IOC) is losing Rs 118 crore a day in revenue on selling diesel, domestic LPG and kerosene below their imported cost, a company official said today.


Sensex regains 20,000 level

Posted: 20 Dec 2010 08:50 PM PST

Extending its two-session gaining streak, the BSE benchmark Sensex rose by over 116 points to cross the psychological 20,000-mark in opening trade today amid a firming trend in the Asia region.


Rupee gains 18 paise against dollar

Posted: 20 Dec 2010 08:49 PM PST

The rupee appreciated by 18 paise to Rs 45.29 a dollar in early trade at the Interbank Foreign Exchange today, tracking gains made by other Asian currencies.


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