Thursday, February 9, 2012

Rupee down 17 paise vs dollar in early trade

Rupee down 17 paise vs dollar in early trade

Rupee down 17 paise vs dollar in early trade

Posted: 09 Feb 2012 08:36 PM PST

The rupee on Friday fell by 17 paise to 49.67 against the US dollar in early trade on the Interbank Foreign Exchange market, following increased demand for the American currency from importers.

Sensex extend gains, up 44 points

Posted: 09 Feb 2012 08:35 PM PST

The BSE benchmark Sensex on Friday extended gains for the third straight session by adding another 44 points in early trade, on sustained buying by funds and retail investors.

Sahara in realty tie-up with Turner, Acropolis

Posted: 09 Feb 2012 04:45 PM PST

Sahara India, US-based Turner Construction Company and Acropolis Capital group have together formed a construction company that plans to build realty projects undertaken by the Sahara India group worth $2.5 billion over the next five years in India, the companies said on Thursday.

No foreign donations for political parties, media

Posted: 09 Feb 2012 04:43 PM PST

Reserve Bank of India on Thursday notified guidelines under the new Foreign Contribution Regulation rules (2011) which include political parties, media organizations and journalists among persons debarred from receiving donations from abroad.

Exports up 10%, may meet $300bn target

Posted: 09 Feb 2012 04:41 PM PST

The country's exports in January rose 10.1% to $25.4 billion, thanks to step up in shipments of engineering goods, gems and jewellery, drugs and pharmaceuticals and leather, and the trend is likely to help the government reach the $300 billion target.

Greece strikes deal on new austerity measures

Posted: 09 Feb 2012 04:35 PM PST

Taking negotiations to the eleventh hour, Greece announced an agreement on Thursday on new austerity cuts demanded by its international creditors to release a (euro) 130 billion ($173 billion) bailout, shortly before a crucial meeting of finance ministers in Brussels.

Flipkart buys electronics retailer Letsbuy for $25m

Posted: 09 Feb 2012 04:23 PM PST

In a big consolidation move for the burgeoning Indian e-commerce market, the poster boy of Indian online retail — Flipkart.com — has bought out electronics retailer Letsbuy.com for an estimated $25 million. Both sites are backed by common investors — Tiger Global Management and Accel Partners.

FTA held up as EU eyes PSU contracts

Posted: 09 Feb 2012 04:19 PM PST

The European Union's insistence on guaranteed access for all government and public sector contracts is proving to be a deal breaker for the free trade agreement (FTA) with India.

Royal Stag is No 1 in Pernod’s portfolio

Posted: 09 Feb 2012 04:17 PM PST

French drinks giant Groupe Pernod Ricard's Indian whisky Royal Stag is now the largest selling brand in its global portfolio of alcoholic beverages. It dislodged the iconic Absolut vodka to lead the volume chart in 2011, making it possibly the only local consumer brand topping a MNC business globally.

Etisalat takes $827m hit on India operations

Posted: 09 Feb 2012 04:13 PM PST

Emirates Telecommunication Corp, or Etisalat, booked the biggest loss among global telecom majors when it wrote off investments worth $827 million in India, a week after the Supreme Court cancelled 121 licences in connection with the 2G controversy.

No details on job cut; India business fantastic: Pepsi

Posted: 09 Feb 2012 08:14 AM PST

Global food and beverages major PepsiCo, which today announced 8,700 job cuts worldwide, did not provide country specific details - including impact on employees in India - but said its business was "fantastic" in the country.

Maruti crosses 10m sales mark

Posted: 09 Feb 2012 06:54 AM PST

Maruti Suzuki on Thursday said it has evolved to meet the demands of a changing India and crossed the 10 million cumulative domestic sales mark.

Rupee falls by 35 paise against dollar

Posted: 09 Feb 2012 05:05 AM PST

Fresh dollar demand from banks and importers in view of uncertainty in the currency market mainly affected the rupee value against the dollar.

PepsiCo to invest in brands, cut jobs

Posted: 09 Feb 2012 04:32 AM PST

PepsiCo Inc said it planned to pour $500 million to $600 million into its brands this year to increase sales in North America, where it lags behind archrival Coca-Cola Co.

Sensex closes 160 points higher

Posted: 09 Feb 2012 03:32 AM PST

Gold down by Rs 40, silver by Rs 800

Posted: 09 Feb 2012 01:39 AM PST

Snapping a three-day rising streak, both gold and silver fell on Thursday on profit-selling by stockists at existing higher levels amid a weak global trend.

Exports up 10.1%, imports grow by 20.3% in Jan

Posted: 08 Feb 2012 10:40 PM PST

Exports grew by 10.1 per cent year-on-year to USD 25.4 billion, while imports increased by 20.3 per cent in January, commerce secretary Rahul Khullar on Thursday said.

StanChart lends Rs250cr to realty firm

Posted: 08 Feb 2012 09:38 PM PST

Standard Chartered Bank has lent Rs 250 crore of construction loan to DivyaSree Developers for developing a mixed used project in Bangalore, said more than one person with direct knowledge of the development.

Rupee down 19 paise against dollar

Posted: 08 Feb 2012 08:45 PM PST

The rupee declined by 19 paise to Rs 49.34 per dollar in early trade on the Interbank Foreign Exchange market today, weighed down by dollar's gains against other currency rivals.

Sensex falls by 78 points

Posted: 08 Feb 2012 08:42 PM PST

The BSE benchmark index Sensex fell by over 78 points in early trade today on fresh selling by funds amid a weakening trend on other Asian bourses.
Posted by Harshad at 9:32 PM

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