Wednesday, February 2, 2011

Sensex ends losing streak

Sensex ends losing streak

Sensex ends losing streak

Posted: 02 Feb 2011 03:56 PM PST

The markets reversed its five-session losing streak with a 68-point gain for the BSE sensex to 18,091 on Wednesday, but the day's session witnessed strong selling in late hours when the news broke that A Raja was arrested by CBI.

Spirit of Davos is more about igniting change

Posted: 02 Feb 2011 03:56 PM PST

Is Davos worth it?" I blogged as I set out to participate and speak at the World Economic Forum (WEF) this year. Gazing up at the snowy peaks in Davos, I wondered if there was a better use of the 75,000 "leadership-hours" we spend in these five days.

Kingfisher may face higher cost pressures

Posted: 02 Feb 2011 03:47 PM PST

Kingfisher Airlines could face additional cost pressures as insurance premiums may harden for the airline once it comes up for renewal in June.

Hero Honda Q3 net dips 20% to 429 cr

Posted: 02 Feb 2011 03:43 PM PST

Rising raw material costs and a one-time expense saw Hero Honda, the country's biggest bike maker, report a 20% decline in net profit for the third quarter of this fiscal at Rs 429 crore against Rs 536 crore in the same period last fiscal.

Top gear: Maruti drives in Kizashi

Posted: 02 Feb 2011 03:31 PM PST

Compact car leader Maruti is aiming big, as it drives in the Kizashi, a premium sedan, its most expensive car to date, with an entry price of Rs 16.5 lakh on Wednesday.

Pascal Lamy tells WTO members to speed up Doha talks

Posted: 02 Feb 2011 09:20 AM PST

Trading powers who have embarked on an intensified push for a new trade deal sought by political leaders must go faster if they are to have any hope of finishing the Doha round this year, the head of the WTO said on Wednesday.

Economy strong, govt will take care of rising crude prices: Pranab

Posted: 02 Feb 2011 07:26 AM PST

Attributing the recent slide in stock market to continued selling by foreign institutional investors, the finance minister said that the economy during 2010-11 would record a growth of 8.5 per cent, up from 8 per cent a year ago.

Budget could permit new private banks

Posted: 02 Feb 2011 04:09 AM PST

India is considering allowing new private sector banks, including by industrial houses, and a roadmap for the same could be announced in the annual Union Budget to be presented later this month.

Maruti launches new luxury model 'Kizashi'

Posted: 02 Feb 2011 02:49 AM PST

The country's largest car maker Maruti Suzuki India today launched its luxury sedan Kizashi, with an introductory price of upto Rs 17.5 lakh.

Sensex closes 68 points up

Posted: 02 Feb 2011 12:50 AM PST

As news of former Telecom Minister A Raja's arrest, along with his two former associates in connection with the 2G spectrum scam, filtered in, the market washed out major part of its early gains. Smart rise in heavyweights like RIL, ICICI Bank, TCS, Tata Motors and Bharti Airtel helped the Sensex rise.

Sensex holds on to gains in noon trade

Posted: 02 Feb 2011 12:50 AM PST

The 30-scrip sensitive index of the Bombay Stock Exchange (BSE), which opened at 18,216.91 points, was ruling at 18,195.72 points, up 173.5 points or 0.96 percent from its previous close at 18,022.22 points.

US dollar ends cheaper against Rupee

Posted: 01 Feb 2011 08:33 PM PST

The US dollar ended cheaper against the rupee at Rs 45.62/63 per dollar but Pound Sterling finished higher at Rs 73.99/74.01 per pound at the close of the Interbank Foreign Exchange Market (Forex) here today.

Air fares to rise on costlier crude

Posted: 01 Feb 2011 04:01 PM PST

New Delhi: Surging crude prices are making flying more expensive...

25p coins to be history after June

Posted: 01 Feb 2011 11:18 AM PST

The Reserve Bank of India has asked state-run banks and some private lenders to accept 25 paise coins for exchange until end-June 2011.
Posted by Harshad at 9:11 PM

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