Wednesday, January 5, 2011

Rupee down by 4 paise against dollar

Rupee down by 4 paise against dollar

Rupee down by 4 paise against dollar

Posted: 05 Jan 2011 08:40 PM PST

Forex dealers said dollar's gains against other Asian currencies along with demand for the US dollar from importers put pressure on the rupee.

Sensex up by 125 points

Posted: 05 Jan 2011 08:27 PM PST

The BSE benchmark Sensex gained 125 points in the opening trade today on fresh buying of heavy-weight stocks, driven by firming trend on the other Asian bourses.

3G issues resolved, says Sibal

Posted: 05 Jan 2011 06:14 PM PST

The government on Wednesday said the guidelines for Gen Next mobile services (3G) that include video calls will be issued soon addressing all security concerns raised by Home Ministry.

Dr Reddy's to contest Pfizer's suit

Posted: 05 Jan 2011 06:13 PM PST

Dr Reddy's Laboratories will contest the patent infringement case filed against it by the global pharmaceutical giant Pfizer over its cholesterol lowering drug atorvastatin, said a company spokesperson on Wednesday.

Andheri (East) plot sold for Rs 800cr

Posted: 05 Jan 2011 06:05 PM PST

In perhaps the largest land transaction beyond Bandra, a seven-acre plot in Andheri (East) was sold for around Rs 800 crore last week.

FM raises direct tax collection target by 20k cr

Posted: 05 Jan 2011 05:57 PM PST

Encouraged by the buoyancy in tax growth, finance minister Pranab Mukherjee on Wednesday revised the Budget target for direct tax collection by Rs 20,000 crore-—from Rs 4.3 lakh crore to Rs 4.5 lakh crore.

China may offer direct Re-yuan trade

Posted: 05 Jan 2011 05:52 PM PST

China appears to be paving the way for developing the yuan as an international currency by creating markets for direct currency trade with yuan.

NTPC coal plan hits green hurdle

Posted: 05 Jan 2011 02:14 PM PST

The coal ministry has raised alarm over rejection of environmental clearance to a stretch of railway line being laid in Jharkhand's Hazaribagh district, saying the environment ministry's move has the potential to derail supply of some 250 metric tonnes of fuel to major power stations, including those of state-run generation utility NTPC.

Against raising diesel prices: Oil min

Posted: 05 Jan 2011 01:46 PM PST

After quietly persuading the ministerial panel on fuels to abandon diesel price revision plans, oil minister Murli Deora on Wednesday went public saying his ministry is against raising diesel or cooking gas prices and the government is looking at ways to avoid such a move.

3G issue resolved, govt to issue guidelines soon: Sibal

Posted: 05 Jan 2011 07:16 AM PST

The government on Wednesday said the guidelines for the Gen Next mobile services (3G) that includes video calls will be issued soon addressing all security concerns raised by the home ministry.

US private sector adds nearly 300,000 jobs: ADP data

Posted: 05 Jan 2011 06:29 AM PST

The US private sector added 297,000 jobs in December, more than three times the number created in November, private payrolls firm ADP data showed Wednesday.

Rupee hits 2-week low against dollar

Posted: 05 Jan 2011 05:32 AM PST

Rupee declined for the second day to end at two-week lows on Wednesday on persistent importer dollar demand, weak shares and broad dollar strength.

No tax worse than inflation: Chidambaram

Posted: 05 Jan 2011 05:17 AM PST

Concerned over high inflation, Union home minister P Chidamabaram on Wedensday expressed doubt on whether the government had all instruments to check price rise.

Property prices to rise in next one year: NHB

Posted: 05 Jan 2011 04:51 AM PST

Housing regulator, NHB, which is awaiting USD 500 million loan from the World Bank for low cost housing, today said property prices would rise in the next one year, but that would result in correction in these rates in all the metros subsequently.

Gold, silver fall to record lows

Posted: 05 Jan 2011 04:05 AM PST

Silver witnessed the steepest fall in more than 26-month and gold fell to a 10-week low in the bullion market on panic selling by stockists, triggered by a sharp fall in bullion prices in global markets.

Sensex registers biggest fall in 4 weeks

Posted: 05 Jan 2011 03:18 AM PST

The BSE benchmark Sensex registered its sharpest decline in four weeks on Wednesday, plummeting by nearly 197 points as edgy investors offloaded interest rate-sensitive stocks amid fears of an impending rate hike by the RBI.

India overtakes China as most attractive market for Japanese firms

Posted: 05 Jan 2011 01:00 AM PST

In the survey conducted in the summer of 2010, in which multiple responses were allowed, 74.9 per cent of the 605 Japanese manufacturers selected India as their investment destination over the next 10 years, compared with 71.7 per cent that chose China.

World Bank issues first yuan-denominated bond

Posted: 04 Jan 2011 11:12 PM PST

The World Bank has issued its first yuan-denominated bond in a move that will help China as it tries to increase the use of its currency in global markets.

Citibank fraud: Hero group identifies two more 'suspect' employees

Posted: 04 Jan 2011 10:07 PM PST

Following an initial internal inquiry, two employees, Ganpat Singh and Gaurav Jain, working in the accounts department have also been identified to have been in possible collusion with Sanjay Gupta and Shiv Raj Puri

Rupee down 28 paise against dollar

Posted: 04 Jan 2011 10:04 PM PST

The rupee dropped further by 28 paise to Rs 45.26 against the American currency in the early trade on persistent dollar demand from banks and corporates on the back of firm dollar overseas.

Sensex drops further by 120pts

Posted: 04 Jan 2011 09:40 PM PST

The BSE benchmark Sensex declined further by 120 points in the early trade due to persistent selling pressure mainly in the banking counter on the back of weak Asian cues.
Posted by Harshad at 9:04 PM

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)