Monday, January 3, 2011

Sensex up 90 points in opening trade

Sensex up 90 points in opening trade

Sensex up 90 points in opening trade

Posted: 03 Jan 2011 08:35 PM PST

Brokers said firming trend in Asia following overnight gains on the US market on encouraging manufacturing and constructions spending data buoyed the trading sentiments here.

Rupee gains 3 paise against dollar

Posted: 03 Jan 2011 08:32 PM PST

The rupee rose marginally by 3 paise to Rs 44.67 a dollar in early trade at the Interbank Foreign Exchange today, supported by increased dollar inflows.

Wheel of fortune

Posted: 03 Jan 2011 06:09 PM PST

This was anticipated after Tata Motors moved out from West Bengal to Gujarat over two years ago.

Your dream car set to get costlier

Posted: 03 Jan 2011 04:36 PM PST

Forget about the discount frenzy in December as a warm and fuzzy memory. The discounts will peter off, car prices will zoom and to top it all EMIs will get steeper as a combination of cost factors make their presence felt in the car industry.

Tatas scrap $300m deal with Olympus

Posted: 03 Jan 2011 04:36 PM PST

Tata Power has scrapped a $300-million worth stake sale agreement in two of its overseas coal mining arms to Hong Kong-based private equity fund Olympus Capital.

UID set to replace PF account number

Posted: 03 Jan 2011 04:34 PM PST

Once the unique identification (UID) project is fully launched, it will also serve as the number to track PF accounts of individuals. Most importantly , this number will not only help in online checking of the status of the account but also to ensure a smooth transfer once a person changes jobs.

Revival drive: Tata to sell Nano pan-India

Posted: 03 Jan 2011 04:31 PM PST

Tata Motors will sell the Nano across its 874 outlets in the country as the company looks to push sagging sales of the budget car.

Nov exports rise 27%, trade deficit narrows

Posted: 03 Jan 2011 04:29 PM PST

The country's exports rose an impressive 26.5% in November, backed by strong performances from engineering goods, gems and jewellery shipments, while the trade deficit narrowed to $8.9 billion in November compared to the previous month's $9.7 billion.

Times arm ties up with Brainient

Posted: 03 Jan 2011 04:16 PM PST

The Times Audience Network, the digital video arm of the Times Group, India's largest media conglomerate, will start offering innovative new advertising formats in partnership with Brainient, the interactive advertising platform.

Diesel hike not before March

Posted: 03 Jan 2011 02:59 PM PST

The Prime Minister's Economic Advisory Council feels a revision of diesel price may be carried out only at the beginning of the next fiscal if the inflation rate comes down.

Outsource to India and save UK's health services: Official

Posted: 03 Jan 2011 09:17 AM PST

Britain's National Health Services administration should be outsourced to India to save million of pounds, John Neilson, the head of the government-backed company leading healthcare efficiency reform in the UK, has said.

Rupee ends stable against dollar

Posted: 03 Jan 2011 09:09 AM PST

In a lacklustre trade rupee on Monday remained stable at 44.70/71 against the US dollar on alternate bouts of buying and selling.

Sensex closes 52 points up

Posted: 03 Jan 2011 03:45 AM PST

Kicking off the new year on an optimistic note, BSE bellwether Sensex recorded a 7-week high, although it trimmed early gains to settle 52 points up, with smart buying in HDFC Bank and Tata Steel amid firm cues from global peers.

New ArticleSensex closes 41 points up

Posted: 03 Jan 2011 03:43 AM PST

A benchmark index of the Indian equities market Monday gave up some of its intra-day gains on late selling pressure to close 41 points up.

Citibank fraud: 5-day police custody for Hero Honda employee

Posted: 02 Jan 2011 11:59 PM PST

Sanjay Gupta, who was arrested in Gurgaon, is the AVP of Hero Corporate Services. Meanwhile, the police carried out two raids in Gurgaon to nab Shiv Raj Puri's parents but couldn't find them.

Citibank fraud: Hero Honda employee held

Posted: 02 Jan 2011 11:59 PM PST

Sanjay Gupta, who was arrested in Gurgaon, is the AVP of Hero Corporate Services. Meanwhile, the police carried out out two raids in Gurgaon to nab Shiv Raj Puri's parents but couldn't find them.

US estate tax spells taxing times for NRIs

Posted: 02 Jan 2011 10:46 PM PST

Under new laws being passed by the Obama administration, the first $5 million in value of any individual's estate is tax-free, but all value above this figure is taxed at 35%. The tax will kick in from Jan 1.

Tata Power cancels $300m stake sale deal with Olympus Cap

Posted: 02 Jan 2011 10:16 PM PST

Tata Power today said it has terminated agreement to raise USD 300 million (about Rs 1,350 crore) through selling 14-15 per cent stake in its two coal SPVs to the private equity firm Olympus Capital Holdings Asia.

Goldman invests in Facebook at $50bn valuation

Posted: 02 Jan 2011 09:49 PM PST

Facebook, the popular social networking site, has raised $500 million from Goldman Sachs and a Russian investor in a deal that values the company at $50 billion, according to people involved in the transaction.
Posted by Harshad at 9:06 PM

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