Thursday, February 2, 2012

Sensex gains 37 points in early trade

Sensex gains 37 points in early trade


Sensex gains 37 points in early trade

Posted: 02 Feb 2012 08:25 PM PST

The BSE benchmark Sensex on Friday moved up by another 37 points in early trade, on continued buying by funds and retailers even as trend on other Asian markets remained slightly subdued.


Asia stocks fall ahead of crucial US jobs report

Posted: 02 Feb 2012 07:30 PM PST

Asian stock markets were mostly lower Friday ahead of a highly awaited US jobs report that is considered a key gauge for determining how robust the world's No. 1 economy is.


Fresh auctions may boost govt finances

Posted: 02 Feb 2012 05:03 PM PST

The government's struggling finances are expected to get a leg up, thanks to the Supreme Court ordering fresh auction of 2G spectrum on Thursday.


RIL signs $400m loan deal with SACE

Posted: 02 Feb 2012 04:59 PM PST

The project envisages setting up of mega petrochemical units, a gasification plant and refinery off-gas cracker, among others.

Facebook files for public offer, likely to raise $5 billion

Posted: 02 Feb 2012 04:54 PM PST

India is Facebook's second largest user base in the world with some 43 million users, edging past Indonesia this week, and whizzing past Brazil , Mexico, and UK in past year.

Idea, Telenor hit; Bharti, Voda benefit

Posted: 02 Feb 2012 04:37 PM PST

The Supreme Court order cancelling 121 licenses has thrown up unintended winners and losers in the telecom sector.

2G: SC verdict may affect 10,000 jobs

Posted: 02 Feb 2012 04:34 PM PST

The Supreme Court order canceling 121 2Gspectrum licences is likely to impact around 10,000 jobs in the telecom sector.


Refund 2G fees: Lenders to govt

Posted: 02 Feb 2012 04:27 PM PST

Banks also say that the non-fund based guarantees (bank guarantees for revenue generation mandated by the government) will cease to be in force as the rollout itself has not taken place.

Telcos on hold, weigh options for re-auction

Posted: 02 Feb 2012 04:23 PM PST

It is speculated that the Middle Eastern firms Etisalat and Bahrain Telecommunications, which entered the Indian market with DB Realty and C Sivasankaran's S Tel, respectively, will exit the market.

AI flights grounded as oil companies snap fuel supply

Posted: 02 Feb 2012 04:01 PM PST

The companies took the step after the carrier failed to clear a due of Rs 268 crore for fuel bought in last October even after its credit period expired on January 22.


Bajaj Auto sales up 7% in January

Posted: 02 Feb 2012 03:43 AM PST

The country's second largest two-wheeler maker Bajaj Auto today reported 6.83% increase in its motorcycle sales in January at 2,94,439 units, the highest ever for the month.


Sensex closes 131 points up

Posted: 02 Feb 2012 02:58 AM PST

The Bombay Stock Exchange benchmark sensex today made gains for the third straight day - up 131 points on sustained buying by funds, especially in IT and metal sectors amid strong gains in the Asian region on signs of growth in major global economies.


We have been unfairly treated: Uninor

Posted: 01 Feb 2012 10:24 PM PST

"We have been unfairly treated as we simply followed the Government process we were asked to. We are shocked to see that Uninor is being penalized for faults the court has found in the Government process.


Iran accepts 45% of India oil sales in rupees: Report

Posted: 01 Feb 2012 10:19 PM PST

Iran has agreed to be paid 45 percent of revenue from its Indian oil exports in rupees, to be deposited with an Indian bank beyond the reach of new US and European sanctions, a report said Thursday.


NALCO raises aluminium prices by Rs 2,000/tonne

Posted: 01 Feb 2012 09:45 PM PST

State-run metal producer National Aluminium Co Ltd (NALCO) has raised aluminium prices by Rs 2,000 ($40.8) per tonne across all products.


Rupee hits 3-mth high on better risk appetite

Posted: 01 Feb 2012 08:00 PM PST

The rupee strengthened on Thursday to its highest level in three months as risk appetite improved after strong manufacturing data from China and India to Germany helped ease worries about the global economy.

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