Monday, July 25, 2011

Rupee gains against US dollar in early trade

Rupee gains against US dollar in early trade

Rupee gains against US dollar in early trade

Posted: 25 Jul 2011 09:43 PM PDT

The Indian rupee strengthened by 7 paise to Rs. 44.33 per dollar in early trade on the Interbank Foreign Exchange on Tuesday, supported by dollar weakness against other major currencies overseas and a higher opening in the stock market.

Sensex gains ahead of RBI policy meet

Posted: 25 Jul 2011 09:40 PM PDT

The Bombay Stock Exchange benchmark Sensex rose by over 73 points in opening trade on Tuesday, extending its gains for the third straight session.

Indian investment banker Anshu Jain named Deutsche Bank co-chairmen

Posted: 25 Jul 2011 01:47 PM PDT

Deutsche Bank on Monday named a canny Indian investment banker and a German veteran of the old school to run the biggest German bank in tandem from May 2012.

Maruti to relaunch new improved costlier Swift

Posted: 25 Jul 2011 12:43 PM PDT

In a first of sorts, car market leader Maruti Suzuki is set to phase out its bestselling model Swift despite a waiting list of nearly 20,000 customers.

Stage appears set for another rate hike by RBI

Posted: 25 Jul 2011 12:41 PM PDT

With headline inflation still above the comfort zone, the Reserve Bank of India (RBI) appeared set to announce another rate hike at 11 am on Tuesday, the 11th since January last year, in a bid to cool prices.

Moody's downgrades Greece, says default virtually certain

Posted: 25 Jul 2011 12:29 PM PDT

Moody's downgraded Greece's bond ratings by a further three notches on Monday and warned that it is almost inevitable the country will be considered to be in default following last week's new bailout package.

GM drives in diesel Beat to take on Figo, Swift

Posted: 25 Jul 2011 12:24 PM PDT

General Motors India on Monday drove in a diesel version of its Beat compact car to cash in on the boom in this segment after steep revisions in petrol prices.

FMCG cos set to post double-digit Q1 growth

Posted: 25 Jul 2011 12:21 PM PDT

Inflation-led price hikes and contribution from acquisitions is expected to perk sales growth to strong double digits year-on-year for fast-moving consumer goods (FMCG) companies for the first quarter this fiscal.

Blackstone generates Visa Power

Posted: 25 Jul 2011 12:10 PM PDT

Private equity giant Blackstone Group has signed a definitive agreement to invest about Rs 500 crore, or $111 million, in Kolkata-based Visa Group's power business.

Rising wages contributing to price rise, says RBI

Posted: 25 Jul 2011 12:04 PM PDT

The Reserve Bank of India has said that increase in salaries is pushing up prices and that the wage-price spiral needs to be broken to control inflation.

NTPC profit up 13% in Q1

Posted: 25 Jul 2011 12:01 PM PDT

Generation utility NTPC on Monday posted a 13% jump in its net profit to Rs 2,075 crore for the quarter ended June on the back of 2,500 mw capacity added in the last fiscal.

Women sourcing household work

Posted: 25 Jul 2011 11:52 AM PDT

Given that one-third of the estimated 480 million jobs in the country are being performed by women, more than half of the advertising is targeted towards the homemaker.

E-filing of I-T returns sees a spurt

Posted: 25 Jul 2011 11:51 AM PDT

E-filing of income tax returns has increased so substantially over the past two years that the income tax department believes paper filing of returns would soon become a negligible proportion of the total.

Political controversies apart, FDI inflows almost doubled in Q1: Pranab

Posted: 25 Jul 2011 09:47 AM PDT

Asserting that political controversies in India did not dent the investor sentiment, finance minister Pranab Mukherjee on Monday said FDI inflows rose to more than $7.9 billion during April-June quarter, which is almost twice the amount received during the year-ago period.

Fitch revises India's GDP growth to 7.7%

Posted: 25 Jul 2011 09:27 AM PDT

International rating firm Fitch has revised down its growth forecast for India's GDP to 7.7per cent % in the financial year ending 31 March 2012 (FY12) from a previous projection of 8.3 per cent.

Fitch revises India's GDP growth to 7.7 per cent %

Posted: 25 Jul 2011 09:27 AM PDT

International rating firm Fitch has revised down its growth forecast for India's GDP to 7.7per cent % in the financial year ending 31 March 2012 (FY12) from a previous projection of 8.3 per cent.

BlackBerry cuts 2,000 jobs

Posted: 25 Jul 2011 08:47 AM PDT

In a massive layoff, BlackBerry maker Research In Motion (RIM) on Monday announced it was axing 2,000 employees.

High inflation warrants tight policy: RBI

Posted: 25 Jul 2011 07:22 AM PDT

The Reserve bank of India on Monday said high inflation warrants continued tight monetary policy, despite rising growth risks, reinforcing expectations that it will increase interest rates by a quarter point at its policy review on Tuesday.

Reliance Industries Q1 net up 17%

Posted: 25 Jul 2011 05:49 AM PDT

Reliance Industries, India's largest listed firm, posted a 16.7 per cent rise in quarterly net profit to its highest ever, but lagged analysts' estimates as slowing gas production weighed on results.

Sensex up 149 points ahead of RBI meet

Posted: 25 Jul 2011 04:26 AM PDT

The BSE benchmark Sensex rose by 149 points ahead of the RBI meeting on Tuesday as investors bought telecom blue-chips like Bharti telecom and RComm besides energy major and largest private firm RIL, which will release its first quarter results on Monday.

Chevrolet Beat Diesel Launched

Posted: 25 Jul 2011 04:22 AM PDT

A hatchback that established an absolutely refreshing sense of style through its unconventional, but bold design, the Chevrolet Beat being sold for over two years now in its 1.2 liter 4 cylinder petrol engine is a car with complete balance in performance, style and comfort.

GM India launches Beat diesel at Rs 4.29 lakh

Posted: 25 Jul 2011 04:13 AM PDT

US car maker General Motors on Monday launched the diesel version of its small car 'Beat' in India with a starting price of Rs 4.29 lakh (ex-showroom, Delhi), thereby heating up the competition in the segment.

Gold prices hit record high

Posted: 25 Jul 2011 02:51 AM PDT

Gold extended last week's gains to hit another peak at Rs 23,323 per 10 grams on Monday afternoon in step with overseas markets and a weaker rupee, pushing traders to the sidelines in a seasonally lean demand period.

Bank of India Q1 profit down 28%

Posted: 25 Jul 2011 01:15 AM PDT

State-owned Bank of India (BoI) today posted a 28% decline in net profit at Rs 517.5 crore for the first quarter ended June 30, 2011.

Rupee reacts downward by 8 paise against US dollar

Posted: 25 Jul 2011 12:16 AM PDT

The Indian rupee moved down by 8 paise to Rs 44.43 against the American currency in the late morning deals on the back of month-end dollar demand from importers despite weak dollar in overseas market.
Posted by Harshad at 10:24 PM

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