Thursday, March 3, 2011

Sensex gains 247 pts on easing inflation

Sensex gains 247 pts on easing inflation


Sensex gains 247 pts on easing inflation

Posted: 03 Mar 2011 08:31 PM PST

The Sensex rose by over 247 points in opening trade on the Bombay Stock Exchange today on continued buying by funds, driven by a firming global market trend and easing food inflation.


Sahara eyes buyouts abroad

Posted: 03 Mar 2011 05:07 PM PST

After acquiring the landmark Grosvenor House hotel in London, the Subrata Roy-led Sahara group is eyeing two more properties in the United States and Europe.


Kraft takes a bite of local biscuit market

Posted: 03 Mar 2011 11:35 AM PST

The dynamics in the Rs 12,000-crore biscuit market, largely dominated by players like Parle Products and Britannia Industries-each owning around one-third of the market -may undergo a sea change.


New Silk Route to buy stake in Ohri's

Posted: 03 Mar 2011 11:26 AM PST

Rajat Gupta spearheaded $1.4-billion private equity firm New Silk Route Partners is set to buy a large stake in Hyderabad-based restaurant chain Ohri's for a little over $40 million, or around Rs 200 crore.


Bank shareholders, RBI to get more say

Posted: 03 Mar 2011 11:24 AM PST

Bank shareholders and the regulator appear set to get more say with the Cabinet on Thursday approving the Banking Laws Amendment Bill.


2G scam may hit cos' banking foray

Posted: 03 Mar 2011 11:24 AM PST

Business groups embroiled in the 2G telecom scam could find it difficult to get a banking licence.


Ties with Rajaratnam were strained: Gupta

Posted: 03 Mar 2011 11:19 AM PST

Amid dismay and gloom in Indian and NRI corporate circles over alleged insider trading charges against management icon Rajat Gupta, the former McKinsey honcho has denied any wrongdoing, saying that the US Securities and Exchange Commission case is based on speculation and hearsay, and promising to defend himself vigorously.

'Service tax in hospitals not new'

Posted: 03 Mar 2011 10:39 AM PST

Through this Budget, the finance minister has given a clear signal for introduction of the Goods and Services Tax (GST) as soon as possible.


Russia to lose $4bn in arms exports to Libya: Official

Posted: 03 Mar 2011 09:15 AM PST

Russia is to lose $4 billion in arms exports to Libya due to the imposition of UN sanctions against Moamer Gaddafi's regime, the head of state industrial holding Russian Technologies said today.


US stocks leap higher after unemployment claims fall

Posted: 03 Mar 2011 08:26 AM PST

US stocks jumped after a govt report showed that the number of Americans filing for unemployment benefits dropped unexpectedly last week. Retailers also reported solid February sales.


Rupee down 9 paise against dollar

Posted: 03 Mar 2011 06:41 AM PST

Snapping its three-day long gaining spree, the rupee today declined by nine paise against the US currency on fresh dollar demand from importers prodded by spiralling global crude oil prices.


World food prices hit record highs as oil rises

Posted: 03 Mar 2011 04:04 AM PST

World food prices have hit new records and oil price spikes could push them even higher, the UN food agency warned on Thursday, as unrest in the Middle East and North Africa hits markets.


Bharti starts 3G in Delhi; unlimited data usage at Rs 2,000

Posted: 03 Mar 2011 03:47 AM PST

Telecom major Bharti airtel today launched third generation (3G) services that offer LIVE and on-demand TV channels, video calling and high-speed internet access, in Delhi and NCR.


Sensex gains 43pts on oil prices, food inflation

Posted: 03 Mar 2011 03:09 AM PST

In a volatile trade, the BSE benchmark Sensex today ended 43 points up at 18,489.76 as funds bought fundamentally strong stocks amid easing crude oil prices as well as food inflation, and firm global trends.


Sensex gains 43pts on easing oil prices, food inflation

Posted: 03 Mar 2011 03:09 AM PST

In a volatile trade, the BSE benchmark Sensex today ended 43 points up at 18,489.76 as funds bought fundamentally strong stocks amid easing crude oil prices as well as food inflation, and firm global trends.


US economy improved in recent months: Fed Reserve

Posted: 03 Mar 2011 02:14 AM PST

The overall economic activity in the US improved in recent months while the labour market continued to strengthen, according to the Federal Reserve.


Silver at Rs 51,450/kg, gold down

Posted: 03 Mar 2011 02:11 AM PST

Silver hit yet another high today by rising Rs 1,450 to Rs 51,450 per kg on the bullion market today on heavy speculative buying on strong global cues.


Food inflation eases, but rate rise seen

Posted: 02 Mar 2011 11:54 PM PST

Food inflation in the country is among the highest in Asia and finance minister Pranab Mukherjee's annual budget on Monday had spelt out steps to help boost output.


Rupee down by 15 paise to 45.10 against US dollar

Posted: 02 Mar 2011 10:00 PM PST

The Indian rupee slid further by 15 paise to 45.10 against the US dollar in early trade today on fresh dollar demand from banks and corporates despite dollar weakness overseas.


No comments:

Post a Comment