Tuesday, January 4, 2011

Rupee down 24 paise against dollar

Rupee down 24 paise against dollar


Rupee down 24 paise against dollar

Posted: 04 Jan 2011 08:37 PM PST

The rupee fell sharply by 24 paise to Rs 45.22 against the US dollar in early trade today, extending yesterday's weakness at the Interbank Foreign Exchange today, weighed down by the dollar's gains against currencies.


Sensex slips by 50 points in opening trade

Posted: 04 Jan 2011 08:18 PM PST

The Bombay Stock Exchange benchmark Sensex shed 50 points in the opening trade today, on increased selling by funds and retail investors in tandem with weak Asian markets.


Consumer durable prices jump by 10%

Posted: 04 Jan 2011 05:30 PM PST

If the shooting prices of onions, eggs and garlic were not enough, the latest round of price increase in consumer durables would certainly burn a hole in your pocket. Consumer durables comprising washing machines , refrigerators and air-conditioners have just got costlier by 5-10 %.


In fast lane: 20 new models to hit road in 2011

Posted: 04 Jan 2011 05:29 PM PST

The excitement continues for the car industry in 2011 with a slew of new models slated to hit the road, keeping the tempo going in the fastest-growing car market of the world.


Kumble to launch sports education outfit Tenvic

Posted: 04 Jan 2011 05:27 PM PST

Anil Kumble will indeed lead a very busy post-retirement life. In addition to becoming a sports administrator (he recently contested and won the election for the post of the president of Karnataka State Cricket Association), he is also turning a sporting entrepreneur.


Prices of core commodities rise, industry to feel pinch

Posted: 04 Jan 2011 05:21 PM PST

While food inflation remains at high levels, much to the dismay of policymakers, prices of core commodities such as copper, coking coal, crude and steel are also firming up, putting pressure on user industries .


'Financing not an issue for India deal'

Posted: 04 Jan 2011 05:19 PM PST

French energy group Areva does not see any difficulty in the financing of the deal to supply nuclear reactors to state-run Nuclear Power Corporation of India, its India chief said on Tuesday.


US dollar ends sharply dearer against rupee

Posted: 04 Jan 2011 04:43 AM PST

The US dollar ended sharply dearer against the rupee at Rs 44.98/99 per dollar and the Pound Sterling also finished higher at Rs 70.23/25 per pound at the close of the Interbank Foreign Exchange Market (Forex) here on Tuesday.


General Motors China sales hit record high in 2010

Posted: 04 Jan 2011 03:50 AM PST

US auto giant General Motors said on Tuesday that its sales in China, the world's largest car market, increased 28.8 percent year-on-year in 2010 to a new annual record of 2.35 million vehicles.


Sensex closes 77 points lower

Posted: 04 Jan 2011 02:56 AM PST

After a four-session winning run, the sensex reversed trend on Tuesday with a 62-point slide to close at 20,499 as investors booked profit in a market where foreign fund managers are yet to return after their annual vacation

Sensex closes 77 points lower

Posted: 04 Jan 2011 02:56 AM PST

A benchmark index of Indian equities Tuesday closed 77 points lower on a volatile trading day.


Gold regains 21,000 mark

Posted: 04 Jan 2011 02:16 AM PST

Gold regained its crucial Rs 21,000 per ten grams level in the bullion market on Tuesday, on emergence of buying by retail customers for the current marriage season, while silver fell from the record level.


Sensex down 110pts on profit-booking

Posted: 03 Jan 2011 11:08 PM PST

Erasing its initial gains, the Bombay Stock Exchange benchmark Sensex dropped by over 110 points at 1145 hrs today, on emergence of profit-booking by retailers at prevailing higher levels.


SBI to set up branch in Doha

Posted: 03 Jan 2011 10:05 PM PST

The SBI, which has 152 branches overseas, aims to increase the number of foreign offices to over 1,000 in the next couple of years. It also plans to open branch office in Jeddah soon.


Rupee drops 10 paise against against dollar

Posted: 03 Jan 2011 09:50 PM PST

The rupee dropped by ten paise to Rs 44.80 a dollar in morning trade, on good dollar demand from banks and corporates on the back of higher dollar demand overseas.


Unique ID set to replace PF account number

Posted: 03 Jan 2011 04:34 PM PST

UID number will not only help in online checking of PF account status but will also ensure a smooth transfer once a person changes jobs. The first phase of the project is likely to be completed in March 2011.

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