Sunday, January 30, 2011

Rupee falls by 21 paise to 2-month low

Rupee falls by 21 paise to 2-month low

Rupee falls by 21 paise to 2-month low

Posted: 30 Jan 2011 08:43 PM PST

Dealers said the rupee weakness was due to the dollar gains against other Asian currencies, coupled with a weak opening in the domestic stock market.

Sensex plunges by over 300 points in opening trade

Posted: 30 Jan 2011 08:40 PM PST

The 30-share barometer fell by 301.70 points, or 1.68 per cent, to 18,094.27 points in the first few minutes of trade. The Sensex had lost 755 points in the previous three sessions.

If I defy, I can be removed anytime: SBI chief

Posted: 30 Jan 2011 12:48 PM PST

"There are a few issues on which we differed with the regulator. But that's in the nature of things," SBI chairman O P Bhatt said.

Modi plans $1bn overseas listing for Spice Global

Posted: 30 Jan 2011 12:43 PM PST

After consolidating its telecom ventures last year, B K Modi's Spice Group is embarking on an ambitious expansion plan. Modi plans to raise $1 billion through overseas listing of Spice Global.

Vodafone mulls new pact with Essar

Posted: 30 Jan 2011 12:05 PM PST

Global telecom giant Vodafone may push for a new agreement, including crucial changes in shareholder rights with its Indian partner Essar, if the latter decides to only part sell its stake in the joint venture Vodafone Essar.

'Cairn delay to impact FDI'

Posted: 30 Jan 2011 12:03 PM PST

Oil ministry's squeeze on the Cairn-Vedanta deal, coinciding with the RBI saying that the green ministry's activism has hit FDI flow, could raise doubts over India as an investor-friendly destination among emerging markets.

Portability will keep mobile tariffs low: Sibal

Posted: 30 Jan 2011 11:24 AM PST

"There can be some fluctuations in rates but I think number portability and more open competition will mean rates remain reasonable. The customer will get low tariffs and telecom sector can make reasonable profit," Kapil Sibal said.

ONGC, IOC set to be headless from today

Posted: 30 Jan 2011 10:37 AM PST

Two of India's biggest state-run companies may find themselves headless after office hours on Monday as succession plans have been delayed by the change of guard at the oil ministry.

Cisco back as Satyam client

Posted: 30 Jan 2011 09:24 AM PST

Mahindra Satyam is set to sign an alliance agreement with tech giant Cisco, nearly two years after the American company put its earlier joint venture plans on the back burner after Ramalinga Raju confessed to an accounting scam.

2.92L borrowers took home loans at teaser rates: SBI

Posted: 30 Jan 2011 06:30 AM PST

Defending the teaser rate scheme, State Bank of India (SBI) chairman O P Bhatt today said that over 2.92 lakh borrowers availed themselves of the scheme to buy their dream homes.

Resolve royalty row before approving Cairn-Vedanta deal: ONGC

Posted: 30 Jan 2011 05:44 AM PST

State-owned Oil and Natural Gas Corp (ONGC) has asked the government not to approve London-listed Vedanta Resources' $ 9.6 billion acquisition of Cairn India until the issue of excess royalty it pays on Rajasthan crude oil is sorted out.

Tumbling D-Street may see "relief rally" next week

Posted: 30 Jan 2011 03:24 AM PST

Stock markets that plunged over three per cent after RBI hiked key interest rates on January 25, may recover slightly in the coming week on value buying, according to experts.

India's engg exports up 50% in Dec

Posted: 29 Jan 2011 09:46 PM PST

Out of India's total engineering exports worth $32.5 billion in FY2009-10, the US and EU accounted for about 65 per cent of the shipments.
Posted by Harshad at 9:11 PM

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