Wednesday, March 2, 2011

Rupee down by 6 paise against US dollar

Rupee down by 6 paise against US dollar

Rupee down by 6 paise against US dollar

Posted: 02 Mar 2011 08:35 PM PST

The Indian rupee fell by 6 paise to Rs 45.01 per US dollar in early trade at the Interbank Foreign Exchange today, weighed down by a weak opening on the stock market.

Sensex opens 148 points lower on profit-booking

Posted: 02 Mar 2011 08:15 PM PST

The Bombay Stock Exchange benchmark sensex fell by nearly 148 points in opening trade on Thursday as investors booked profits recorded during the previous three sessions.

Bangladesh sacks Yunus as Grameen Bank head

Posted: 02 Mar 2011 02:47 PM PST

Nobel laureate Muhammad Yunus has been forced from his position as head of the microfinance lender he founded, Grameen Bank, a central bank official said on Wednesday.

Cabinet may consider banking bill today

Posted: 02 Mar 2011 02:15 PM PST

Following up on its Budget promise, the finance ministry has put up a proposal to introduce the Banking Laws (Amendment) Bill 2011 before the Union Cabinet on Thursday.

India most profitable market for StanChart

Posted: 02 Mar 2011 01:50 PM PST

For the first time ever, India has emerged as the most profitable market for Standard Chartered Bank.

Henkel India's MD quits

Posted: 02 Mar 2011 01:32 PM PST

Jayant K Singh, the managing director of Henkel India, has resigned from the board of directors under mysterious circumstances.

HIV+ patients protest against controversial EU-India FTA

Posted: 02 Mar 2011 01:08 PM PST

Thousands of HIV positive people from India and across Asia marched from Ramlila ground to Jantar Mantar on Wednesday to protest against the free trade agreement (FTA) between European Union (EU) and India, which has provisions that would restrict access to affordable medicines.

Fall of a legend: Indian-American corporate icon Rajat Gupta faces insider trading charges

Posted: 02 Mar 2011 11:30 AM PST

US Securities and Exchange Commission has accused Rajat Gupta of insider trading in an ongoing case that threatens to demolish his career.

Outsider who became 'insider'

Posted: 02 Mar 2011 11:25 AM PST

In the growing pantheon of high-flying Indian internationalists, few have scaled the corporate heights Rajat Gupta achieved.

AI's liabilities are not govt's, HC told

Posted: 02 Mar 2011 08:02 AM PST

"Air India's financial liabilities are not Government of India's liabilities," the central government told the Bombay high court earlier this week.

'Corporate India may give up to 15% salary hike in FY 12'

Posted: 02 Mar 2011 05:43 AM PST

Corporate India is likely to give salary hikes in the range of 10-15 per cent in coming financial year to retain skilled talent amid revival in the job market.

Midcap, smallcap lose to Sensex in the year so far

Posted: 02 Mar 2011 03:44 AM PST

The BSE small-cap and mid-cap indices have underperformed the blue-chip companies in the year so far by witnessing an over 19 % fall as compared to the broader market benchmark sensex.

Gold touches new peak at Rs 21,270

Posted: 02 Mar 2011 03:29 AM PST

Surpassing all previous levels, gold hit a new high by rising Rs 200 to Rs 21,270 per 10 grams on the bullion market today on aggressive buying by stockists for the ongoing marriage season, amid firm global trends.

SBI to retain retail over-subscription of bonds issue

Posted: 02 Mar 2011 12:28 AM PST

State Bank of India today said it is planning to retain the retail over-subscription to its tax- saving bonds issue, which will take the total amount raised throught the mega issue up to Rs 5,500-crore.

Libya crisis drives up oil prices

Posted: 02 Mar 2011 12:15 AM PST

With Libya's oil exports almost entirely halted for the last several days, renewed unrest in Oman, Iran and Iraq rattled oil traders.

SBI plans to retain retail over-subscription of its bonds issue

Posted: 02 Mar 2011 12:12 AM PST

State Bank of India today said it is planning to retain the retail over-subscription to its tax- saving bonds issue, which will take the total amount raised throught the mega issue up to Rs 5,500-crore.

Rajat Gupta fights insider trading charges

Posted: 01 Mar 2011 10:20 PM PST

Rajat Gupta, former board member of Goldman Sachs and Proctor and Gamble, has rubbished charges of insider trading against him as "baseless" with his lawyer asserting that his conduct and integrity were "beyond reproach".

Charges of insider trading against Rajesh Gupta baseless: Counsel

Posted: 01 Mar 2011 10:20 PM PST

Rajesh Gupta, former board member of Goldman Sachs and Proctor and Gamble, has rubbished charges of insider trading against him as "baseless" with his lawyer asserting that his conduct and integrity were "beyond reproach".
Posted by Harshad at 9:27 PM

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