Monday, January 31, 2011

Sensex bounces 124 points in opening trade

Sensex bounces 124 points in opening trade


Sensex bounces 124 points in opening trade

Posted: 31 Jan 2011 08:47 PM PST

The BSE benchmark Sensex on Tuesday recovered by nearly 125 points in the opening trade, after witnessing a four-session losing streak.


CAG questions AI's aircraft buy

Posted: 31 Jan 2011 05:27 PM PST

The UPA may now get into trouble with the policy of upgrades in national carrier Air India - whether in aircraft purchase orders or for passengers. The Comptroller and Auditor General has questioned the UPA-1's decision to order 111 aircraft worth over Rs 50,000 crore in 2006 for the erstwhile Indian Airlines and Air India.


Did Cairn keep Vedanta in dark?

Posted: 31 Jan 2011 05:19 PM PST

ONGC or its parent oil ministry did not seek change in the royalty regime for the Barmer oilfields to stall the Cairn-Vedanta deal.


I want to talk to India's rich about philanthropy: Gates

Posted: 31 Jan 2011 05:16 PM PST

Does Bill Gates expect India's super rich to open up their wallets for philanthropy when the Microsoft founder and fellow billionaire Warren Buffett come calling next month?


SBI's 2kcr bond issue likely by Feb

Posted: 31 Jan 2011 05:13 PM PST

The State Bank of India is likely to hit the market with a Rs 2000-crore retail bond issue in February. Although the bank is yet to finalize the pricing of the bonds, merchant bankers are speculating of a yield in the region of 9.5-10%.


Aditya Birla buys US co for $875m

Posted: 31 Jan 2011 05:11 PM PST

Kumar Mangalam Birla-led Aditya Birla Group has acquired Atlanta-based Columbian Chemicals Company from One Equity Partners, the merchant banking arm of JP Morgan Chase, for $875 million (about Rs 4,016 crore), catapulting the Indian major into the largest global producer of carbon black by volume.


US stocks flat as M&A, earnings offset Egypt fears

Posted: 31 Jan 2011 07:33 AM PST

US stocks were little changed on Monday as merger activity and solid earnings, including Exxon Mobil, offset concerns about the possible spread of unrest in Egypt to other parts of the Middle East.


Rupee falls by 14 paise to 2-month low

Posted: 31 Jan 2011 07:08 AM PST

The rupee lost 14 paise today to end at a fresh two-month low of 45.90/91 against the dollar on month-end demand for the US currency amid increased capital outflows.


LIC scam: CBI chargesheet against Johar, others

Posted: 31 Jan 2011 07:06 AM PST

CBI today filed its first chargesheet in the multi-crore loans scam against Maninder Singh Johar, a former director of Central Bank of India, and three others, including alleged kingpin Rajesh Sharma.


Sensex closes 68 points down

Posted: 31 Jan 2011 03:16 AM PST

The BSE benchmark Sensex fell for the fourth straight session today, losing over 68 points, to five-month low on sustained selling by investors who were concerned that high input costs and rising interest rate would dent corporate earnings.


Sensex pares some intra-day losses

Posted: 31 Jan 2011 12:58 AM PST

The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 18,226.21 points, was ruling at 18,277.89 points, down 118.08 points or 0.64 percent from its previous close at 18,395.97 points.


Environment ministry OKs Posco project

Posted: 31 Jan 2011 12:31 AM PST

The environment ministry approved on Monday South Korean Posco's plans for a $12 billion steel mill, a boost for the foreign investment climate after several setbacks for big ticket industrial projects.

Environment ministry OKs Posco project

Posted: 31 Jan 2011 12:31 AM PST

The environment ministry approved on Monday South Korean Posco's plans for a $12 billion steel mill, a boost for the foreign investment climate after several setbacks for big ticket industrial projects.

Siemens Ltd promoter's open offer at Rs 930/share

Posted: 31 Jan 2011 12:14 AM PST

Industry and infrastructure solutions company Siemens Ltd today said that its German parent Siemens AG has made an open offer to buy 19.82 per cent equity in the company at Rs 930 per share.


Sensex down 236 points to 5-month low

Posted: 30 Jan 2011 09:55 PM PST

The IT, auto, metal and realty stocks succumbed to selling pressure amid a weak trend in Asian markets over concerns that the turmoil in Egypt could spread to other Middle East countries.


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