Wednesday, February 9, 2011

Rupee down 7 paise against US dollar

Rupee down 7 paise against US dollar


Rupee down 7 paise against US dollar

Posted: 09 Feb 2011 08:51 PM PST

The rupee weakened by 7 paise to Rs 45.55 a dollar in early trade at the Interbank Foreign Exchange on Thursday amid mild demand for the American currency and dollar gains overseas.


Sensex down 48 points in opening trade

Posted: 09 Feb 2011 08:21 PM PST

The Bombay Stock Exchange benchmark Sensex fell by nearly 48 points in opening trade on Thursday on continued selling by foreign funds and retail investors amid concerns over high interest rates and weak cues from other Asian markets.


Sensex down 48 points in opening trade

Posted: 09 Feb 2011 08:21 PM PST

The Bombay Stock Exchange benchmark Sensex fell by nearly 48 points in opening trade on Thursday on continued selling by foreign funds and retail investors amid concerns over high interest rates and weak cues from other Asian markets.


ADAG blames rumours as stocks tank

Posted: 09 Feb 2011 05:04 PM PST

Stocks of companies from Anil Ambani's Reliance group were hammered on Wednesday on the back of rumours as well as news reports suggesting that the Institute of Chartered Accountants was looking into their accounts.


Car sales highest ever in January

Posted: 09 Feb 2011 02:12 PM PST

Car sales (in absolute numbers) raced to highest-ever in a month, backed by rising disposable incomes and cheaper loans, though companies fear a slowdown in the coming months as interest rates are rising and costs of fuel and commodities are going up.


Peugeot gears up for 2nd innings in India

Posted: 09 Feb 2011 02:07 PM PST

Brace up for a new international car brand in India. PSA Peugeot-Citroen, Europe's second-biggest automaker, is set to re-enter the Indian market as it eyes a foothold in one of the world's fastest-expanding market.


Peugeot fastens belt for India drive

Posted: 09 Feb 2011 02:07 PM PST

Brace up for a new international car brand in India. PSA Peugeot-Citroen, Europe's second-biggest automaker, is set to re-enter the Indian market as it eyes a foothold in one of the world's fastest-expanding market.

No. of credit cards drops as banks turn cautious

Posted: 09 Feb 2011 02:06 PM PST

More than two years after a spate of defaults on personal loans forced lenders to turn cautious on unsecured advances, the number of credit cards, which are a source of unsecured loans, continues to shrink.


Credit card numbers drop

Posted: 09 Feb 2011 02:06 PM PST

More than two years after a spate of defaults on personal loans forced lenders to turn cautious on unsecured advances, the number of credit cards, which are a source of unsecured loans, continues to shrink.

Sensex slides on FII selloff

Posted: 09 Feb 2011 02:04 PM PST

The markets slid for the second consecutive day with the sensex down a further 183 points at 17,593, while the nifty lost 59 points to 5,254 as investors panicked and foreign investors continued their selling spree.


Now, AI's chief trainer under govt scanner

Posted: 09 Feb 2011 01:55 PM PST

The Directorate General of Civil Aviation (DGCA) has sought the log book (that has a pilot's flying details) of AI's chief of training Stefan Sukumar for examination, after receiving complaints about him.


Trai report against Sibal's zero-loss theory

Posted: 09 Feb 2011 11:54 AM PST

While detailed calculations are yet to emerge, the telecom regulator Trai's report on 2G spectrum pricing has fairly significant implications on the current policy environment.


TRAI 2G pricing recommendations illogical, disastrous: Telcos

Posted: 09 Feb 2011 08:17 AM PST

Two leading telecom firms Bharti and Vodafone expressed concern over the 2G spectrum pricing recommendations of TRAI, terming them as "flawed, illogical and discriminatory" against the older operators.


BMW sells 500 cars in Jan; lags behind Mercedes

Posted: 09 Feb 2011 07:14 AM PST

After retaining the numero uno position for two consecutive years in the Indian luxury car market, BMW has begun 2011 with sales of 500 units in January, which is less by 140 units than that of rival Mercedes-Benz.


Rivals planting rumours: ADAG

Posted: 09 Feb 2011 03:47 AM PST

Shares of Anil Ambani group companies on Wednesday tanked by up to about 19 per cent on BSE, prompting the group to lodge a complaint with market regulator Sebi seeking action against 'corporate rivals' hammering the stocks.


January vehicle sales zoom 19%

Posted: 09 Feb 2011 03:12 AM PST

Indian car and two-wheeler companies Wednesday reported a stellar 19 percent increase in sales figures for January, which stood at 13,22,979 units as compared to 11,14,692 units in the like period of last year.


Sensex recovers a bit, closes at six-month low

Posted: 09 Feb 2011 02:38 AM PST

The 30-scrip sensitive index (Sensex) of the BSE, which opened at 17,723.99 points, closed at 17,686.34 points (provisional), down 89.36 points or 0.5% from its previous close at 17,775.7 points.


Sensex pares early losses

Posted: 08 Feb 2011 11:15 PM PST

A benchmark index for Indian equities markets on Wednesday pared early losses, but broader markets were still in the red.


TRAI for 6-fold price hike of start-up 2G spectrum

Posted: 08 Feb 2011 09:52 PM PST

Telecom regulator TRAI has recommended fixing the price for 6.2 Mhz of pan-India start-up 2G spectrum at Rs 10,972.45 crore, more than six times the present cost of Rs 1,658 crore.


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