Tuesday, February 8, 2011

Rupee down 3 paise against US dollar in early trade

Rupee down 3 paise against US dollar in early trade

Rupee down 3 paise against US dollar in early trade

Posted: 08 Feb 2011 08:44 PM PST

The Indian rupee fell by 3 paise to Rs 45.33 per US dollar in early trade on the Interbank Foreign Exchange on Wednesday, snapping weighed down by a weak opening in the stock market.

Sensex falls 135 points in opening trade

Posted: 08 Feb 2011 08:18 PM PST

The Bombay Stock Exchange benchmark Sensex shed 135 points in opening trade on Wednesday amid sustained foreign capital outflows and a mixed trend on other Asian bourses.

Aim to establish India in global supply chain: Boeing

Posted: 08 Feb 2011 07:48 PM PST

US aerospace major Boeing said Tuesday it aimed to firmly establish India's industrial position in the international aerospace supply chain.

Brazil seeks better terms in Boeing jet bid

Posted: 08 Feb 2011 07:45 PM PST

Brazil President Dilma Rousseff has told visitors she believes Boeing's F-18 is the best jet among three finalists in a multi-billion dollar Air Force fighter tender, but she is still pressing for better terms on technology transfers.

Boeing to showcase its advanced Super Hornet fighter at Aero India

Posted: 08 Feb 2011 07:43 PM PST

US Defence major Boeing will unveil an advanced version of its F/A-18 Super Hornet fighter aircraft here at the biennial Aero India show starting Thursday.

Dubai Aerospace cancels order for 32 Boeing 737s

Posted: 08 Feb 2011 07:41 PM PST

US aerospace giant Boeing said that Dubai aircraft leasing firm Dubai Aerospace Enterprise cancelled an order for 32 of its best-selling single-aisle 737 aircraft.

Truck rentals fall first time in 15 months

Posted: 08 Feb 2011 07:11 PM PST

Rentals, across key trunk routes rose during October / November 2009 on the back of double digit growth in manufacturing and an overall increase in commercial activity.

HDFC plan to help cancer patients

Posted: 08 Feb 2011 06:35 PM PST

Just when Warren Buffett and Bill Gates are considering visiting India to give a boost to philanthropic activities by the nouveau rich here, HDFC has Mutual Fund launched a scheme that could help investors reach out to cancer patients.

Govt defers phasing out of Indian Airline's IC code

Posted: 08 Feb 2011 06:19 PM PST

As a last-ditch attempt to avert a strike by pilots of erstwhile Indian Airlines (IA), phasing out of IA's IC code and having a common AI code for all flights of national carrier Air India has been postponed.

Cup or IPL? Advertiser loyalty divided

Posted: 08 Feb 2011 06:14 PM PST

ICC World Cup or IPL 4? That's a Rs 1,500-crore question for advertisers. Just 6 days after the World Cup ends, Indian viewers will pad up again for the fourth edition of IPL.

Exports to cross $200 billion in 2010-11: Minister

Posted: 08 Feb 2011 02:04 PM PST

The country's exports are expected to cross $200 billion for the first time in the current financial year which ends in March, commerce and industry minister Anand Sharma said on Tuesday.

India orders 37 Boeing Dreamliners

Posted: 08 Feb 2011 01:59 PM PST

Boeing said it has a robust order book of 107 commercial planes in India. Out of this, 37 is for the 787 Dreamliner aircraft. The company will deliver the first of the 787 Dreamliner aircraft to Air India this year.

India has ordered 37 Dreamliners

Posted: 08 Feb 2011 01:59 PM PST

Boeing said it has a robust order book of 107 commercial planes in India. Out of this, 37 is for the 787 Dreamliner aircraft. The company will deliver the first of the 787 Dreamliner aircraft to Air India this year.

No more Renault at outlets of Mahindra

Posted: 08 Feb 2011 01:25 PM PST

It's going to be curtains down for French carmaker Renault at Mahindra dealerships as the two companies chart out independent plans after their divorce last year.

Has Air India understated loss?

Posted: 08 Feb 2011 01:19 PM PST

A supplementary audit of CAG said AI under-reported its loss by Rs 3,038.1 crore and that the figure should have been Rs 8,589.1 crore - 54.7% higher than the stated figure of Rs 5,551 crore.

Petrol hike to push sales of diesel cars

Posted: 08 Feb 2011 01:17 PM PST

A report by rating agency Care has said that "with nearly 90% of new sales in utility vehicle segment are of diesel variants, the dieselization trend is now catching up strongly in passenger car segment also.

Plastic ban to hit sachet makers

Posted: 08 Feb 2011 01:08 PM PST

The notification by the environment ministry to ban the use of plastics for packaging gutka and pan masala from March 1 will have a major impact on manufacturers of such products as sachets or small pouches comprise nearly 80% of the total volume consumed.

Bear bug: Sensex closes below 18k

Posted: 08 Feb 2011 01:06 PM PST

The bear onslaught continued on Dalal Street on Tuesday with the sensex losing 261 points to close below the 18K mark, at 17,776, for the first time in over five months.

Allies demand Budget hike, put Pranab in a bind

Posted: 08 Feb 2011 12:55 PM PST

Finance minister Pranab Mukherjee not only has to deal with demands for implementing Right to Education and the proposed Food Security Act but also contend with pressure from powerful coalition partners, each for a sizeable jump in budgetary allocation.

Govt relaxes norms for filing accounts, fixing CEO salary

Posted: 08 Feb 2011 06:56 AM PST

For ensuring ease of doing business, the government today announced flexibility for corporates to finalise accounts and exempted unlisted companies having inadequate or no profit from seeking approval for CEO's salary.

Rupee ends at over 3-week high

Posted: 08 Feb 2011 06:04 AM PST

Rupee on Tuesday completed its six- session-long rally and closed 18 paise up at an over three-week high of 45.30/31 against the US currency on sustained sale of dollars by exporters and banks amid a weak greenback overseas.

ONGC share price dips 5.58% on BSE

Posted: 08 Feb 2011 04:22 AM PST

Massive sell-off by investors sent Oil and Natural Gas Corp down by over 5 per cent at the Bombay Stock Exchange amid a bearish market sentiment.

Financial markets rattled by China rate hike

Posted: 08 Feb 2011 03:49 AM PST

Europe's stock markets struggled Tuesday on fresh concerns that a new Chinese interest rate hike could dampen the Asian tiger's impressive economic growth, dealers said.

Sensex closes below 18,000 points

Posted: 08 Feb 2011 03:05 AM PST

A benchmark index for Indian equities markets on Tuesday closed below the 18,000 points mark - for the first time in over five months - as selling intensified across the market breadth.

ArcelorMittal posts $780m net loss in Oct-Dec quarter

Posted: 07 Feb 2011 11:22 PM PST

ArcelorMittal, the largest steel maker of the world, on Tuesday reported $780 million net loss in the last quarter of 2010 against $1,109 million net profit in the year-ago period.
Posted by Harshad at 9:36 PM

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