Monday, May 2, 2011

Sensex opens 97 pts down on interest rate hike concerns

Sensex opens 97 pts down on interest rate hike concerns

Sensex opens 97 pts down on interest rate hike concerns

Posted: 02 May 2011 09:17 PM PDT

The BEE benchmark Sensex lost over 97 points in opening trade today on sustained selling by funds and retail investors amid fears of a hike in key interest rates by the Reserve Bank of India at its monetary policy review meeting on Tuesday.

RIL holds ground amid govt scrutiny

Posted: 02 May 2011 06:24 PM PDT

Reliance Industries drew flak from the oil ministry and its regulatory arm for exploration activities, Directorate General of Hydrocarbons, for not doing enough to ramp up gas production to the level projected by the company from its Andhra offshore fields.

DRI slaps tax evasion charge on Diageo

Posted: 02 May 2011 06:22 PM PDT

Directorate of Revenue Intelligence has hauled up global drinks giant Diageo and its distributor Sun Tan Trading Company for customs duty evasion at the end of a year-long investigation.

RBI set to hike rates, loans will cost more

Posted: 02 May 2011 06:15 PM PDT

Loans are expected to get more expensive both for corporates and individuals with Reserve Bank of India hinting that it is willing to sacrifice some growth in order to tame inflation.

Car sales growth slows in April

Posted: 02 May 2011 06:14 PM PDT

Car sales started the new fiscal on a modest note as rising interest rates and fuel prices are set to moderate demand from the scorching 30%-plus growth rate of 2010-11.

Chairman emeritus: India Inc's timeless transition

Posted: 02 May 2011 12:17 PM PDT

How does India Inc hand over reins to younger leaders without letting go of some of its iconic leaders?

Sensex down 138 points; below 19,000

Posted: 02 May 2011 04:40 AM PDT

Sensex on Monday closed below the 19,000 mark, down 138 points, declining for the sixth straight session as investors remained cautious ahead of RBI meeting tomorrow, expecting a hike in key rates.

Allahabad Bank Q4 profit up 15% to Rs 257.6 cr

Posted: 02 May 2011 04:12 AM PDT

Public sector lender Allahabad Bank today reported a 14.7 % increase in net profit to Rs 257.6 crore for the fourth quarter ended March, 2011, compared to Rs 224.5 crore in the corresponding year-ago period.

Rupee drops by 15 paise vs dollar

Posted: 01 May 2011 11:29 PM PDT

The Indian rupee dropped by 15 paise to 44.37 against the US dollar in early trade on Monday on renewed demand for the American currency from banks and corporates on the back of dollar firmness overseas.

Sensex fails to maintain initial gains

Posted: 01 May 2011 09:07 PM PDT

The BSE benchmark Sensex failed to maintain initial gains and was down by 78 points at 1015 hours today due to selling pressure, mainly in the banking sector, ahead of the annual monetary policy review meeting of the Reserve Bank Of India.
Posted by Harshad at 9:42 PM

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