Sunday, July 31, 2011

Sensex jumps 243 points in opening trade as US hikes debt ceiling

Sensex jumps 243 points in opening trade as US hikes debt ceiling


Sensex jumps 243 points in opening trade as US hikes debt ceiling

Posted: 31 Jul 2011 09:21 PM PDT

The Bombay Stock Exchange benchmark Sensex shot up by nearly 243 points in opening trade on Onday as global markets cheered an agreement reached by US lawmakers to raise the country's debt ceiling and avoid a default.


Gold falls 1% as Obama announced debt deal

Posted: 31 Jul 2011 09:01 PM PDT

Gold fell more than 1% on Monday, after US President Barack Obama said a deal to reduce the country's deficit had been reached, dampening safe-haven interest that has propelled the precious metal to record highs in recent weeks.


Asian markets soar on US debt deal

Posted: 31 Jul 2011 07:49 PM PDT

Asian stock markets surged on Monday morning after US President Barack Obama said lawmakers had reached a last-minute deal that would raise the country's debt ceiling and avoid a catastrophic default.


How to earn regular income from stocks

Posted: 31 Jul 2011 07:06 PM PDT

Most people invest in stocks for capital appreciation, but you can also earn from shares in the form of dividends. Here's how to gain from high dividend stocks


Stay invested long-term to gain

Posted: 31 Jul 2011 07:05 PM PDT

Long-term orientation is the ultimate objective in the investment world. Portfolio managers, investment advisers and investors, all want to see themselves holding a long-term vision or goal, and then building their portfolios to get there.


US lawmakers close to last-minute debt deal

Posted: 31 Jul 2011 05:43 PM PDT

US lawmakers were close to a last-gasp $3 trillion deal on Sunday to raise the US borrowing limit and assure financial markets that the United States will avoid a potentially catastrophic default.


Railways eats up service tax on catering, ads

Posted: 31 Jul 2011 05:36 PM PDT

Chances are that authorities would immediately go after you if you refuse to pay taxes.


Infosys sees rising unbilled work

Posted: 31 Jul 2011 05:27 PM PDT

Trade receivables and unbilled work of Infosys Technologies have risen steadily outpacing revenue growth over the past few quarters, possibly signalling changed business dynamics for India's tech poster boy which has put margins and cash flows above everything in its three-decade story.


No rate hike worries for cash-rich cos

Posted: 31 Jul 2011 05:23 PM PDT

Rising interest rates may have stalled the expansion plans of several companies, but for those which have substantial amount of cash in their books, it seems to be bringing in some cheer.

Duty on imported Chinese silk should continue: Veerappa Moily

Posted: 31 Jul 2011 03:52 AM PDT

Corporate affairs minister M Veerappa Moily has said the sericulture farmers of Karnataka, Andhra Pradesh, Tamil Nadu and Kerala were quite agitated over the Centre's move to reduce import duty on Chinese silk import from 30 per cent to 10 per cent, and sought a roll-back.


Govt lifts restrictions on cotton exports

Posted: 31 Jul 2011 02:35 AM PDT

Amid abundant availability and a crash in prices, the government today removed restrictions on the export of cotton and permitted shipments under open general licences for the remainder of the current season.


HSBC to axe 10,000 people

Posted: 31 Jul 2011 02:06 AM PDT

HSBC, headquartered in London, will reportedly remove at least 10,000 people from their jobs, Sky News said on Sunday.


Jet Airways ordered to pay Rs 1.4 lakh to flier for death of pugs

Posted: 30 Jul 2011 10:34 PM PDT

Jet Airways has been directed by a Delhi consumer forum to pay Rs 1.44 lakh as compensation to a flier for the "emotional setback" caused by the death of his two pugs on board.


Govt keen to decontrol prices of diesel, LPG, says Pranab

Posted: 30 Jul 2011 10:01 PM PDT

The government, Pranab Mukherjee said, wants to link the prices of the domestic petroleum products with those prevailing in the international market.


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