Asia stocks up after Greece drops referendum plan |
- Asia stocks up after Greece drops referendum plan
- Rupee seen up on positive Asian stocks, euro
- ECB cuts rates in surprise move
- Asian women getting brand savvy: Survey
- Prolonged uncertainty in Euro to hurt others: PM
- Services sector shrinks to 2 ½-yr low
- FDI in single-brand retail may be increased to 74%
- MFN status to India to boost trade: Montek
- Euro zone contemplates future without Greece
- ArcelorMittal net profit drops in 3rd quarter
- Kenneth Cole, RIL to open 25 India stores
- BMW net up 24% to $1.47 billion
- Food inflation surges to 12.21%
- Greece exit from euro possible: France, Germany
- Rupee down 30 paise vs dollar
- Sensex down 52 points on weak Asian cues
| Asia stocks up after Greece drops referendum plan Posted: 03 Nov 2011 08:24 PM PDT Asian stock markets rose sharply Friday, a day after Greece's prime minister abandoned a referendum on the country's bailout and the European Central Bank cut interest rates in a surprise move. 
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| Rupee seen up on positive Asian stocks, euro Posted: 03 Nov 2011 08:21 PM PDT The Indian rupee is expected to open stronger on Friday aided by positive Asian shares and a steady euro, as some appetite for risk returned on hopes Greece will forgo a proposed referendum over a euro zone bailout. 
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| ECB cuts rates in surprise move Posted: 03 Nov 2011 12:12 PM PDT The European Central Bank (ECB) cut interest rates by a quarter point to 1.25% in a surprise move on Thursday, acting boldly to support the ailing euro zone economy at President Mario Draghi's first policy meeting in charge. 
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| Asian women getting brand savvy: Survey Posted: 03 Nov 2011 12:10 PM PDT Asian women are becoming increasingly conscious about the brands they purchase, says a study titled 'Women Want More' by The Boston Consulting Group. 
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| Prolonged uncertainty in Euro to hurt others: PM Posted: 03 Nov 2011 12:06 PM PDT As the Eurozone crisis threatened to engulf global economy, Prime Minister Manmohan Singh on Thursday warned that "prolonged" uncertainty and instability in Europe will hurt other countries too and suggested that the IMF can help rescue the situation. 
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| Services sector shrinks to 2 ½-yr low Posted: 03 Nov 2011 12:00 PM PDT India's service sector contracted for a second straight month in October, as new business grew at its weakest pace since May 2009, a survey showed on Thursday, dragged by sagging global demand and tight monetary policy. 
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| FDI in single-brand retail may be increased to 74% Posted: 03 Nov 2011 11:57 AM PDT Commerce & industry minister Anand Sharma is expected to pilot a proposal for increasing the foreign direct investment ceiling for single-brand retail trading to 74% from 51% 
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| MFN status to India to boost trade: Montek Posted: 03 Nov 2011 10:17 AM PDT Welcoming the Pakistan's decision to grant India the Most Favoured Nation status, Planning Commission deputy chairman Montek Singh Ahluwalia today said the move will help in improving the bilateral trade. 
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| Euro zone contemplates future without Greece Posted: 03 Nov 2011 05:48 AM PDT European leaders were preparing on Thursday for Greece to leave the euro zone to preserve the 12-year-old single currency. 
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| ArcelorMittal net profit drops in 3rd quarter Posted: 03 Nov 2011 01:40 AM PDT ArcelorMittal, the world's biggest steel maker, posted today a 50% drop in third-quarter net profit compared to the same period a year earlier. 
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| Kenneth Cole, RIL to open 25 India stores Posted: 03 Nov 2011 12:54 AM PDT American clothing brand Kenneth Cole has entered into a deal with Reliance Brands, a Mukesh Ambani-led Reliance Industries firm, to retail its collection of men and women's apparel and accessories in 25 planned stores across India over the next five years. 
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| BMW net up 24% to $1.47 billion Posted: 03 Nov 2011 12:48 AM PDT Germany automaker BMW AG said net profit rose 23.8 percent in the third quarter on stronger sales of newer models such as its 5-series sedan and compact 1-series. 
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| Food inflation surges to 12.21% Posted: 03 Nov 2011 12:26 AM PDT Food inflation rose to 12.21 per cent during the week ended October 22, with expensive vegetables, pulses, fruits and milk, putting more burden on the common man. 
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| Greece exit from euro possible: France, Germany Posted: 03 Nov 2011 12:10 AM PDT European leaders' long-delayed admission that a break-up of their cherished common currency was a distinct possibility is overshadowing a two-day meeting of the world's largest and fastest growing economies beginning Thursday. 
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| Posted: 02 Nov 2011 11:17 PM PDT The Indian rupee was down by 30 paise at Rs 49.48 per US dollar in early trade today on fresh demand for the American currency from banks and importers amid a stronger dollar in overseas markets. 
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| Sensex down 52 points on weak Asian cues Posted: 02 Nov 2011 10:09 PM PDT The BSE benchmark Sensex fell by almost 52 points in opening trade on Thursday, extending its three-day losing streak on weak cues from Asian peers amid fears that the euro zone debt crisis will worsen. 
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