Sunday, January 1, 2012

Sensex gains 69 points

Sensex gains 69 points

Sensex gains 69 points

Posted: 01 Jan 2012 08:27 PM PST

Stock markets opened on a promising note on the first trading day of 2012 with the BSE benchmark Sensex gaining over 69 points in early trade.

5 lakh jobs likely in 2012

Posted: 01 Jan 2012 02:51 PM PST

The new year may bring in loads of cheers for job-seekers, as the experts expect the companies to hire more than five lakh new employees during 2012 despite the uncertainties prevailing about the overall economic scenario.

Bonds, equities better bet in the New Year

Posted: 01 Jan 2012 11:40 AM PST

The market turmoil has made picking the right investment choice a tough task in the last three years. Consider this: diversified equity mutual funds (MFs) gained 20% over a three-year period but returns came at a paltry 4.7% in five years.

FDI inflows up 36% in Jan-Oct

Posted: 01 Jan 2012 11:36 AM PST

Foreign direct investment in India surged by 36% to $23.68 billion during the January-October period this year despite uncertain global economic uncertainty.

Jet cuts trainee co-pilots’ pay from Rs 1.3L to Rs 50k

Posted: 01 Jan 2012 11:24 AM PST

India's largest private airline Jet Airways has reduced the monthly salary of its trainee co-pilots by almost 60% from about Rs 1.3 lakh to Rs 50,000 in the New Year.

India, Pak to start power, petro trade

Posted: 01 Jan 2012 11:16 AM PST

India and Pakistan are strengthening business links in 2012, with the stage set to start trading in electricity and petroleum products.

UK sells Northern Rock to Virgin despite protest

Posted: 01 Jan 2012 09:10 AM PST

Virgin Money completed its acquisition of bailed out British lender Northern Rock on Sunday, despite calls for the sale to be delayed while the national auditor investigates whether the deal is good value for money.

Exxon awarded $908 million in Venezuela dispute

Posted: 01 Jan 2012 09:07 AM PST

An international arbitration panel has awarded U.S. oil giant Exxon Mobil Corp (XOM.N) $908 million in compensation for Venezuela's 2007 nationalization of assets, less than 10 percent of what it sought in a dispute that pitted a top global oil company against one of the world's largest oil exporters.

From 6 economists, 6 ways to confront 2012

Posted: 01 Jan 2012 06:35 AM PST

Six renowned economists suggest six different ways how to deal with the prevailing tough financial conditions in 2012.

Foreigners can invest in stocks now

Posted: 01 Jan 2012 04:58 AM PST

India will allow individual foreign investors direct access to its stock market from January 15, the government said on Sunday, the latest step to liberalise Asia's third-largest economy after a year of big losses on the benchmark Sensex index.

2011, a disastrous year for the Rupee

Posted: 31 Dec 2011 10:20 PM PST

In a roller-coaster ride, the rupee plummeted to life-time low levels in 2011 due to a slew of factors such as unrelenting demand for the dollar, the worsening domestic economic scenario and sustained capital outflows.

Stock market hopes for better days in 2012

Posted: 31 Dec 2011 10:09 PM PST

After a year marked with huge losses and numerous negativity-inducing factors, Dalal Street has a long wish-list for 2012, although the hopes of an early rebound remains a wishful thinking, at least for now.

Coffee exports rise 22% in 2011

Posted: 31 Dec 2011 10:07 PM PST

Coffee exports rose by 22% to an estimated 3.50 lakh tonnes in 2011.
Posted by Harshad at 9:04 PM

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