Wednesday, December 28, 2011

Rupee declines by 8 paise against US dollar

Rupee declines by 8 paise against US dollar


Rupee declines by 8 paise against US dollar

Posted: 28 Dec 2011 08:40 PM PST

The Indian rupee shot past the Rs 53 per US dollar-mark in early trade today, losing 8 paise to Rs 53.05 per dollar amid foreign capital outflows and dollar gains against the euro and other rivals overseas, coupled with a lower opening in the domestic equity market.


Sensex extends losses, down 72 pts

Posted: 28 Dec 2011 08:27 PM PST

The BSE benchmark sensex extended its losses for the third consecutive session today, losing over 72 points in opening trade on sustained selling by funds amid a weakening trend on other Asian bourses.


Sebi bans 7 firms from fund raising for IPO violation

Posted: 28 Dec 2011 07:50 PM PST

India's market regulator has banned seven companies, which recently raised funds in initial public offers, from further accessing the securities market and has also banned some merchant banks involved in these issues after investigations.


Rupee falls early on outflow worries

Posted: 28 Dec 2011 07:34 PM PST

The Indian rupee fell early on Thursday in anticipation of outflows as worries about Europe's economic health sent the euro tumbling and Asian equities weakened.


Ambanis avoid business, Reliance stocks tank

Posted: 28 Dec 2011 03:12 PM PST

No announcement of a business deal between the Mukesh and Anil Ambani groups on the 80th birth anniversary of their father Dhirubhai disappointed investors on Dalal Street with shares of both the group firms closing lower.


LIC pips pvt insurers in settling claims: IRDA

Posted: 28 Dec 2011 11:37 AM PST

The Insurance Regulatory and Development Authority has said that the Life Insurance Corporation of India has performed better in terms of claim settlement ratios as compared to private life insurance companies.


Deepak Parekh quits HUL board

Posted: 28 Dec 2011 11:35 AM PST

Deepak Parekh has resigned from the board of Hindustan Unilever (HUL) with effect from December 27, 2011, after a tenure lasting more than 14 years.


7 cos, others barred for IPO rigging

Posted: 28 Dec 2011 11:29 AM PST

Market regulator Sebi on Wednesday banned several entities, including the merchant banking subsidiary of Punjab National Bank, for a number of violations in seven recent IPOs.


SBI set to get Rs6,000cr from govt

Posted: 28 Dec 2011 11:25 AM PST

The government is set to provide around Rs 6,000 crore to State Bank of India, the country's largest lender, as part of a Rs 16,000-17,000 crore equity infusion plan in public sector banks during the current financial year.

SBI set to get 6,000 crore from govt

Posted: 28 Dec 2011 11:25 AM PST

The government is set to provide around Rs 6,000 crore to State Bank of India, the country's largest lender, as part of a Rs 16,000-17,000 crore equity infusion plan in public sector banks during the current financial year.


M&M hikes XUV500 prices

Posted: 28 Dec 2011 05:41 AM PST

Following others, auto major Mahindra & Mahindra today said it will increase the prices of its recently launched international car XUV500 by at least Rs 30,000 from January 1 on the back of higher raw material costs and the rupee fall.


Rupee recovers modestly by 5 paise Vs dlr

Posted: 28 Dec 2011 05:26 AM PST

Recovering from early lows, the rupee today closed higher by 5 paise at 52.97/98 against the US currency on fag-end dollar selling by some banks and exporters.


Mu Sigma gets $108 million funding

Posted: 28 Dec 2011 05:11 AM PST

Mu Sigma, the analytics and decision-support services company founded by Dhiraj Rajaram, has received a $108 million (Rs 570 crore) investment round led by private equity firm General Atlantic.


Sensex slips 146 points

Posted: 28 Dec 2011 03:56 AM PST

Continuing its year-end downslide for the second day in a row, the stock market today lost further ground with a 146-point fall in the barometer Sensex amid weakness in blue-chips like RIL, ICICI Bank and SBI.


HDFC's Deepak Parekh resigns from HUL board

Posted: 27 Dec 2011 11:58 PM PST

FMCG major Hindustan Unilever Ltd (HUL) today said HDFC Ltd Chairman Deepak Parekh, who is an independent director in the company's board has resigned after more than 14 years of association with the firm citing personal reasons.


Sensex extends losses, down 33 points

Posted: 27 Dec 2011 08:44 PM PST

The BSE Sensex fell by nearly 33 points in opening trade today, extending yesterday's losses.


Rupee down by 16 paise against US dollar

Posted: 27 Dec 2011 08:43 PM PST

The Indian rupee fell by 16 paise to Rs 53.18 per US dollar in early trade on the Interbank Foreign Exchange today due to month-end demand for the American currency from importers.


Rising gold prices open new market for loans

Posted: 27 Dec 2011 11:44 AM PST

The uncertainty in real estate and equity markets has made gold an attractive investment and that, in turn, is making gold loans a convenient option.

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