Thursday, March 24, 2011

Rupee up 11 paise against US dollar in early trade

Rupee up 11 paise against US dollar in early trade


Rupee up 11 paise against US dollar in early trade

Posted: 24 Mar 2011 09:24 PM PDT

The Indian rupee strengthened by 11 paise to Rs 44.64 against the US dollar in early trade on the Interbank Foreign Exchange today, extending gains for the sixth straight session, supported by capital inflows and a firming trend in the stock market.


Sensex extends gains, climbs 197 pts

Posted: 24 Mar 2011 09:20 PM PDT

The BSE benchmark Sensex rallied by almost 197 points in opening trade today, extending gains into the fourth straight session on sustained buying by funds, driven by firming trend overseas.


Bharara, the Wall Street clean-up man

Posted: 24 Mar 2011 06:10 PM PDT

For some, he's the scourge of Wall Street; for others, he's the sheriff of the financial district. And don't forget his targeting of terrorists.


ABB wins $900-m order from PGCIL

Posted: 24 Mar 2011 05:21 PM PDT

ABB has been selected by Power Grid Corporation of India (PGCIL) to deliver an ultrahigh-voltage transmission system, worth about $900 million.


Yahoo! revamps web search

Posted: 24 Mar 2011 05:20 PM PDT

Yahoo has revamped its internet search service to sense queries and showcase answers from movie listings to weather forecasts , even as users are typing in a word.


US: Phone-based social network rolled out

Posted: 24 Mar 2011 05:19 PM PDT

Bill Nguyen, the serial entrepreneur who sold his last company to Apple in 2009, is launching a new cellphone-based social network which aims to challenge Facebook's dominance in social communications beyond the personal computer.


Infosys to deepen Africa presence

Posted: 24 Mar 2011 05:15 PM PDT

Infosys Technologies is planting the seeds for a long-term IT services play in the African continent.


Sara Lee ends Godrej's Kiwi licence

Posted: 24 Mar 2011 12:27 PM PDT

Sara Lee Corporation has terminated Godrej group's license to sell Kiwi shoe care and Kiwi Kleen brands in India and Sri Lanka, with effect from April 3, this year.


'You can create jobs and yet play Santa Claus'

Posted: 24 Mar 2011 12:25 PM PDT

It's not often that you find a combined wealth of $100 billion in a conference hall.

Oil companies threat to stop fuel supply to AI

Posted: 24 Mar 2011 12:24 PM PDT

Keeping cash-strapped Air India airborne is now proving to be an uphill task for the government.

Fake pilots: SpiceJet suspends woman pilot, resigns

Posted: 24 Mar 2011 09:24 AM PDT

SpiceJet suspended a woman pilot in connection with the fake flying license scam after she came under DGCA scanner in the wake of an evaluation report that she had trouble during flight training in the US.


Silver climbs to another historic high, gold rises

Posted: 24 Mar 2011 07:06 AM PDT

Silver prices jumped further to set a new milestone of Rs 56,000 per kg at the bullion market here today.


US dollar ends cheaper against rupee

Posted: 24 Mar 2011 05:16 AM PDT

The US dollar ended lower against the rupee at Rs 44.75/76 per dollar and the Pound Sterling also finished lower at Rs 72.44/46 per pound at the close of the Interbank Foreign Exchange Market (Forex) on Thursday.


Sensex gains 145pts on stable oil prices

Posted: 24 Mar 2011 04:19 AM PDT

Sustaining its upward momentum for the third day, the BSE sensex gained 145 points to close at over 18,350 on funds buying amid stable crude oil prices and firm stock markets globally.


Chatwal inks key pact with Wyndham Hotel Group

Posted: 24 Mar 2011 01:46 AM PDT

NRI hotelier Sant Chatwal has signed an agreement with the world's largest hotel group Wyndham, which will now have exclusive rights to franchise and manage his Dream and Night boutique brands globally.


USA Today rewrites strategy to cope with Internet

Posted: 23 Mar 2011 11:10 PM PDT

USA Today, a newspaper created nearly 30 years ago to appeal to people who grew up watching television, is revising its formula to try to counter the Internet's threat to its survival.


Sensex opens 119 points higher

Posted: 23 Mar 2011 09:39 PM PDT

The Bombay Stock Exchange benchmark sensex opened over 119 points higher today on sustained buying by funds in fundamentally strong shares influenced by a firming Asian trend following overnight gains in the US market.


Rupee marginally up by 2 paise against dollar

Posted: 23 Mar 2011 09:34 PM PDT

The Indian rupee strengthened marginally by 2 paise to Rs 44.83 per dollar at the Interbank Foreign Exchange today, supported by a higher opening in the stock market and dollar weakness against other currencies.


Rupee steady as domestic shares remain positive

Posted: 23 Mar 2011 09:34 PM PDT

The Indian rupee was steady in early trades on Thursday as the market paused after the unit hit a two-month high in the previous session.


Indian shares up by 0.7 percent

Posted: 23 Mar 2011 09:04 PM PDT

Indian shares gained 0.6 % in early trade on Thursday, with financials leading the rise, taking cues from strong Asian markets.


Mercedes to step up price war with A and B Class

Posted: 23 Mar 2011 06:09 PM PDT

Mercedes is set to unleash a price war in the luxury car market. The German car maker plans to drive in the new generation A and B-Class to India, which will be priced below its entry-level C-Class range, in an attempt to recover lost ground from BMW.

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