Tuesday, February 22, 2011

Rupee falls by 2 paise against dollar

Rupee falls by 2 paise against dollar

Rupee falls by 2 paise against dollar

Posted: 22 Feb 2011 08:44 PM PST

The Indian rupee opened 2 paise lower at Rs 45.28 per US dollar in early trade on the Interbank Foreign Exchange today amid foreign fund outflows.

Sensex down on weak Asian cues

Posted: 22 Feb 2011 08:11 PM PST

The BSE benchmark Sensex opened 45 points lower on Wednesday as foreign funds reduced their holdings in Indian blue-chip companies amid unrest in the Middle East and a weakening Asian trend.

Not keen on IPO now: ICICI Prudential

Posted: 22 Feb 2011 05:56 PM PST

Even as the sectoral regulator Irda has said IPO guidelines will be out within the next 45 days, leading private sector insurer ICICI Prudential Life on Tuesday said it is not very keen on hitting the capital market soon.

RBI raises alarm as Bengal goes into severe overdraft crisis

Posted: 22 Feb 2011 03:44 PM PST

The Reserve Bank of India has warned the Union finance ministry that West Bengal is facing a "severe overdraft crisis" — in other words, it is going bankrupt. The state's financial condition is so bad that it may have to dip

World Bank pegs GDP growth at 9%

Posted: 22 Feb 2011 02:30 PM PST

Terming India's economic recovery as "robust", the World Bank on Tuesday projected the Indian economy to grow by about 8.5-9% in the current and next financial years.

Essar bids for Shell’s Nigeria oil fields

Posted: 22 Feb 2011 02:21 PM PST

Royal Dutch Shell Plc, Europe's biggest oil company, got bids from companies including Essar Group, Afren Plc and Perenco SA for stakes in four Nigerian oil fields, according to two people with knowledge of the matter.

Economictimes.com emerges largest financial, business news website

Posted: 22 Feb 2011 02:18 PM PST

As per the latest report (worldwide data) published by ComScore on January 11, economictimes.com has emerged as the leading financial and business news site with 3.6 million unique visitors.

Old telcos still a hit in MNP regime

Posted: 22 Feb 2011 11:50 AM PST

It's been a month since mobile number portability (MNP) kicked in, and as expected, older GSM operators like Vodafone Essar, Airtel and Idea Cellular continue to lure the bulk of subscribers to their network.

Voda slams Trai over 2G pricing

Posted: 22 Feb 2011 11:49 AM PST

Vodafone Essar, India's third-largest mobile operator, has once again slammed the Telecom Regulatory Authority of India (Trai) by calling its 2G pricing recommendations inconsistent, illogical and discriminatory.

Consumer durables may become costlier

Posted: 22 Feb 2011 11:48 AM PST

Amid talks of a stimulus rollback and excise duty hike, companies, already reeling under a surge in input costs, will have to up retail prices.

Rolls Royce bullish on India drive

Posted: 22 Feb 2011 09:32 AM PST

After a slow start, Rolls Royce seems to picking pace in India. Nearly six years after it re-entered the market (after a gap of around five decades), the company sold 80 cars in 2010, and expects the number to sail past the three-digit mark this year.

SBI to merge subsidiaries

Posted: 22 Feb 2011 09:29 AM PST

State Bank of India proposes to merge its five remaining subsidiaries with itself over the next 12-18 months.

Pranab to release Rs 150 coin before Budget speech

Posted: 22 Feb 2011 06:00 AM PST

For the first time in the country's minting history, government will issue coins of Rs 150 denomination, marking the number of years of taxation in India.

Sensex falls 142pts, RIL cushions fall

Posted: 22 Feb 2011 03:41 AM PST

Sensex today dipped 142 points to 18,296.16 on fresh selling by funds on concerns about oil price rise in view of troubles in the Middle East.

Silver at Rs 49,700; gold up by Rs 90

Posted: 22 Feb 2011 03:34 AM PST

Silver surged to an all-time high at Rs 49,700 per kg in the bullion market today on sustained buying by stockists amid firming global trend.

Reliance shares jump after $7.2 bln BP deal

Posted: 22 Feb 2011 01:59 AM PST

Shares in Indian energy major Reliance Industries bucked a subdued Mumbai market and rallied nearly 5 percent on Tuesday morning after a $7.2 billion deal with BP was seen as boosting the company's outlook.

Inflation to average 9 per cent in FY 11: CMIE

Posted: 22 Feb 2011 01:49 AM PST

Inflation will average nine per cent in FY 11, as compared to 3.6 per cent in the preceding fiscal, a leading economic think-tank said.

Rolls-Royce looks to expand network in India

Posted: 22 Feb 2011 12:58 AM PST

Ultra-luxury car-maker Rolls-Royce Motor Cars today said it will be expanding its network in India to tap the opportunities here, its second-fastest growing market in Asia.

Oil passes $107 on Libya, Bahrain unrest

Posted: 21 Feb 2011 09:52 PM PST

Brent prices broke past $107 in Asian trade Tuesday as violence in Libya and Bahrain threatened to destabilise the key oil-producing Middle East and North African region, analysts said.

Libyan unrest sinks Asian markets, airlines plunge

Posted: 21 Feb 2011 09:11 PM PST

Asian shares fell sharply Tuesday, battered by ongoing unrest in the Arab world, an earthquake in New Zealand and a downgrade of Japan's credit rating outlook.

Rupee falls by 20 paise against US dollar

Posted: 21 Feb 2011 09:05 PM PST

Rupee shed 20 paise from a seven-week high to Rs 45.18 per dollar in early trade at the Interbank Foreign Exchange on Tuesday, weighed down by dollar gains against other currencies.

Sensex opens 155 points lower on profit-booking

Posted: 21 Feb 2011 08:58 PM PST

The Bombay Stock Exchange benchmark Sensex fell by over 155 points in opening trade on Tuesday as investors locked in gains registered in yesterday's session amid a weak trend on other Asian bourses.
Posted by Harshad at 9:26 PM

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