Tuesday, February 7, 2012

Rupee up 18 paise against dollar

Rupee up 18 paise against dollar


Rupee up 18 paise against dollar

Posted: 07 Feb 2012 08:28 PM PST

The rupee moved up by 18 paise to 49.02 against the dollar on the Interbank Foreign Exchange market in early trade today on increased foreign fund inflows.


Sensex recovers 60 points

Posted: 07 Feb 2012 08:17 PM PST

The BSE benchmark index Sensex recovered nearly 60 points in early trade today on fresh buying by funds and retailers amid a firming trend in Asian markets.


Airtel Q3 net profit falls 22%

Posted: 07 Feb 2012 08:06 PM PST

Bharti Airtel, the world's fifth-biggest mobile phone carrier by subscribers, reported on Wednesday a 22 per cent fall in quarterly profit -- its eighth straight quarter of declining profits -- hit by higher interest costs.


GoM clears 21,000cr parachute for Air India

Posted: 07 Feb 2012 04:52 PM PST

There's finally some hope for the beleaguered Maharaja. A group of ministers (GoM) on Tuesday cleared a Rs 21,000-crore debt restructuring plan for Air India.


Rupee beats emerging mkt currencies

Posted: 07 Feb 2012 04:40 PM PST

From being the worst performer among emerging market currencies in 2011, the rupee has outperformed all emerging market currencies in 2012. Corporates will find dealing with this volatility a challenge as several forecasters are now changing their 2012 projections for the domestic currency.


Budget to be tabled on March 16

Posted: 07 Feb 2012 04:18 PM PST

The government on Tuesday said the Budget will be presented on March 16, more than two weeks later than usual, on account of assembly polls in five states.


India's GDP growth seen dipping to a 3-year low

Posted: 07 Feb 2012 02:50 PM PST

The economy has been hit by high inflation, a slowing global economy and policy paralysis in the aftermath of a slew of scandals that emerged last year.

China has 50% share of world’s iron import : Experts

Posted: 07 Feb 2012 07:55 AM PST

Experts have projected China to remain as the largest importer of iron ore import not because it does not want to exhaust its resource but because the domestic raw ore is of poor quality.


Rupee closes 36 paise down vs dollar

Posted: 07 Feb 2012 04:33 AM PST

Forex dealers said renewed dollar demand from importers and some banks on hopes of further rise in the US currency's value in near future also weighed against the rupee.


Sensex closes 85 points lower

Posted: 07 Feb 2012 04:29 AM PST

Dampening market sentiment, the government projected GDP growth to be lower at 6.9 per cent as against the Reserve Bank estimates of 7 per cent in 2011-12.


Sensex closes 87 points lower

Posted: 07 Feb 2012 03:04 AM PST

A benchmark index for Indian equities markets Tuesday provisionally closed 87 points lower as traders booked profits after five consecutive weeks of rallying.


Sensex closes 87 points lower

Posted: 07 Feb 2012 03:04 AM PST

A benchmark index for Indian equities markets Tuesday provisionally closed 87 points lower as traders booked profits after five consecutive weeks of rallying.


Mahindra Q3 profit falls more than expected

Posted: 07 Feb 2012 02:37 AM PST

Mahindra & Mahindra Ltd, India's biggest utility vehicle maker, reported a bigger-than-expected 9.9 percent fall in quarterly profit as rising commodity costs squeezed margins.


ArcelorMittal Q4 loss widens to USD 1 billion

Posted: 07 Feb 2012 01:31 AM PST

The world's largest steel maker ArcelorMittal's loss widened to USD 1 billion in October-December 2011 due to subdued European demand and an USD 1.3 billion outgo on deferred tax, impairments and restructuring charges.


Pranab to present budget on March 16

Posted: 07 Feb 2012 12:49 AM PST

Finance minister Pranab Mukherjee will present the annual budget for 2012/13 on March 16, while the railways budget will be presented on March 14, Pawan Kumar Bansal said on Tuesday.


Rupee gains 11 paise against dollar

Posted: 07 Feb 2012 12:20 AM PST

The rupee strengthened by 11 paise to Rs. 48.94 a dollar in early trade on the Interbank Foreign Exchange market on Tuesday on increased foreign capital inflows.


'India to consider 49% FDI in aviation soon'

Posted: 07 Feb 2012 12:11 AM PST

India's aviation ministry will soon move a note to the cabinet to allow foreign airlines to buy stakes of up to 49 percent in Indian carriers, civil aviation minister Ajit Singh said on Tuesday.


Toyota Q3 profit rises 51%

Posted: 06 Feb 2012 10:32 PM PST

Toyota Motor Corp reported on Tuesday a forecast-beating 51 percent rise in quarterly operating profit, defying the impact of a strong yen and Thai floods, and lifted its cautious annual forecasts closer to market expectations.


Asia stocks muted as Greek debt talks drag on

Posted: 06 Feb 2012 10:10 PM PST

Asian stock markets were muted on Tuesday as talks dragged on to resolve a massive debt mess in Greece before it explodes into a wider financial crisis.


Walmart appoints new China boss after pork scandal

Posted: 06 Feb 2012 09:49 PM PST

US retail giant Walmart on Tuesday named a new chief executive for its China operations, four months after the retailer's former boss quit following a scandal over falsely labelled pork.


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