Tuesday, May 31, 2011

India, Pak to talk energy trade in Oct

India, Pak to talk energy trade in Oct

India, Pak to talk energy trade in Oct

Posted: 31 May 2011 05:59 PM PDT

India and Pakistan are set to discuss initiatives to open energy trade between the two countries. A group of experts from both sides is to meet around October to examine the feasibility, scope and modalities of such trade.

Deal rush to help avoid CCI scrutiny

Posted: 31 May 2011 05:48 PM PDT

Over the last few weeks, there has been a spurt in merger and acquisition deals in India. So much so that five deals were announced on Tuesday.

GDP grows 7.8% in Q4, slowest in 5 qtrs

Posted: 31 May 2011 05:42 PM PDT

The country's economy expanded 7.8% in the January-March quarter, its slowest pace in five quarters as industrial and manufacturing sector growth moderated due to rising interest rates which affected demand.

UK's Serco buys Intelenet for Rs 2.8k cr

Posted: 31 May 2011 05:34 PM PDT

UK-based international services firm Serco has acquired Indian BPO company Intelenet for £385 million (Rs 2,772 crore), making it the largest acquisition in the Indian BPO space.

Jet fuel is cheaper than petrol now

Posted: 31 May 2011 05:24 PM PDT

As you brace for another hike in petrol prices close on the heels of a steep Rs 5 hike just a fortnight back, aviation turbine fuel (ATF) or jet fuel will be cheaper for airlines from Wednesday.

Steel cos to raise prices on rising input costs

Posted: 31 May 2011 05:15 PM PDT

After oil companies, it's now the turn of steel firms to hike prices. Steel prices are expected to go up between Rs 600 and Rs 1000 per tonne with effect from June 1, the first such hike this year.

PSBs to hire over 4 lakh in two yrs

Posted: 31 May 2011 05:06 PM PDT

Hiring by public sector banks is expected to cross the four lakh mark in the next couple of years as lenders prepare for a huge wave of retirement of employees.

MSCI rejig spikes NSE volumes

Posted: 31 May 2011 04:58 PM PDT

The decision by MSCI, the world's leading index management company, to change the component of its India index, led to unusual trading in the market on Tuesday, mainly on the NSE.

Sensex closes 271 pts up on global cues

Posted: 31 May 2011 05:03 AM PDT

The BSE Sensex shot up 271 points to 18,503 on Tuesday, as investors shrugged off slow economic growth in the fourth quarter ended March and bought across the board on firm global cues, with all sectoral indices making gains.

IOC may hike petrol prices soon

Posted: 30 May 2011 11:41 PM PDT

State-owned Indian Oil Corp, the nation's largest fuel retailer, on Monday said it may hike petrol price next month as the steep hike of Rs 5 per litre of May 15 was not enough to cover for the cost of crude oil.

GDP improves to 8.5% in FY11

Posted: 30 May 2011 11:39 PM PDT

Confirming fears of a slowdown, India's economy grew by just 7.8 per cent in the fourth quarter ending March this year, mainly due to poor performance of the manufacturing sector, as against 9.4 per cent in the same three-month period of the previous fiscal.

Rupee gains 10 paise against US dollar

Posted: 30 May 2011 09:27 PM PDT

The Indian rupee appreciated by 10 paise to Rs 44.98 per dollar in opening trade on the Interbank Foreign Exchange on Tuesday, supported by dollar weakness against the euro and other Asian currencies and a higher opening in the stock market.

Sensex up on global cues

Posted: 30 May 2011 09:05 PM PDT

The Bombay Stock Exchange benchmark Sensex recovered by over 104 points in opening trade on Tuesday on emergence of selective buying by funds and retail investors amid a firming trend on other Asian bourses.

Sensex starts trade on firm note

Posted: 30 May 2011 09:05 PM PDT

A benchmark index for Indian equities markets on Tuesday rose in early trade with healthy buying seen in healthcare and banking scrips.
Posted by Harshad at 9:33 PM

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