Thursday, March 1, 2012

Rupee gains 6 paise against dollar in early trade

Rupee gains 6 paise against dollar in early trade

Rupee gains 6 paise against dollar in early trade

Posted: 01 Mar 2012 08:35 PM PST

The rupee appreciated by 6 paise to Rs 49.15 per US dollar in the opening trade today on the Interbank Foreign Exchange on increased foreign capital inflows.

Sensex recovers 77 points in early trade

Posted: 01 Mar 2012 08:11 PM PST

The BSE benchmark index Sensex today recovered by over 77 points in early trade on fresh buying by funds and retail investors, supported by a firming trend in other Asian markets.

Oil near $109 as US economy improves

Posted: 01 Mar 2012 08:05 PM PST

Oil prices hovered below $109 a barrel Friday in Asia as U.S.economic indicators continued to improve and tensions simmered over Iran's nuclear program.

Rupee rises on firm Asian peers

Posted: 01 Mar 2012 07:57 PM PST

The rupee opened mildly stronger early on Friday, tracking strong regional peers.

ONGC scrips fall 1.3% in pre-open trade

Posted: 01 Mar 2012 07:54 PM PST

Shares in Oil & Natural Gas Corp (ONGC) fell 1.28 per cent in pre-open trade on Friday after the government fell short of its target in a chaotic $2.5 billion auction of shares in the state-run company.

ONGC offer bombs, LIC bails it out

Posted: 01 Mar 2012 01:39 PM PST

The government's push to meet its Rs 40,000 crore divestment target at the fag end of the financial year, that too using a never-before-tested method of selling though the stock exchange, ended in near-disaster with ONGC's Rs 12,400-crore offer being bailed out by Life Insurance Corporation of India after the bidding closed at 3.30pm on Thursday.

IndianOil Corporation’s forex borrowings top $6 bn

Posted: 01 Mar 2012 01:26 PM PST

State-run fuel retailer IndianOil Corporation's foreign currency loans have crossed $6 billion, indicating how uncertainties over pricing policy of successive governments have left India's biggest commercial enterprise running on borrowed money.

Manufacturing activity slows marginally in February

Posted: 01 Mar 2012 01:13 PM PST

Manufacturing growth slowed down marginally in February from a month ago, but the pace remained healthy as new orders touched a 10-month high, according to a survey.

Govt asks companies to lobby for rate cut

Posted: 01 Mar 2012 01:03 PM PST

So far, it were companies that lobbied with the government. But roles seem to have reversed in recent months. With the RBI unrelenting on demands for a reduction in interest rates, finance ministry officials have asked corporate houses and industry chambers to lobby with the central bank.

DLF shares closes 5% down on BSE

Posted: 01 Mar 2012 08:03 AM PST

DLF's share price on Thursday fell by over five percent on BSE on reports that cited concerns over financial health of the realty major.

Rupee falls by 20 paise vs dollar

Posted: 01 Mar 2012 05:38 AM PST

Breaking its two-day gaining string, the rupee today dropped by 20 paise to 49.21/22 against the US currency on dollar demand from importers and fall in equity markets.

Ford India sales down 3% in February

Posted: 01 Mar 2012 04:36 AM PST

Car-maker Ford India reported a 2.82% decline in its total sales during February at 10,424 units.

Sensex ends 169 points down

Posted: 01 Mar 2012 03:07 AM PST

The BSE benchmark sensex on Thursday fell 169 points on profit booking in bluechips on concerns of slow growth and government's share sale in ONGC attracting buyers away from other stocks.

Gold crashes to near 6-month low

Posted: 01 Mar 2012 02:00 AM PST

Gold on Thursday hit a near six-month low by losing Rs Rs 920 to Rs 28,140 per 10 grams, due to brisk selling by stockists after the metal recorded a steep fall in international markets.

ONGC auction gets bids for 1.35cr shares

Posted: 01 Mar 2012 12:17 AM PST

The one-day auction for sale of the government's 5 per cent stake in ONGC gained further momentum by afternoon trade wit total bids for about 1.35 crore shares, but was still far away from the total offer size.

ONGC auction gets bids for 48L shares

Posted: 01 Mar 2012 12:17 AM PST

The auction for sale of the government's 5 per cent stake in ONGC gained momentum by early afternoon, as bids came in for about 48 lakh shares.

Remit2Home ties up with Nations Trust Bank

Posted: 29 Feb 2012 11:33 PM PST

An agreement to this effect was signed recently at the bank's head office in Colombo between Nations Trust Bank and TimesofMoney.

Exports grow 10.1% in Jan to $25.34 bn

Posted: 29 Feb 2012 10:52 PM PST

India's exports grew by 10.1 per cent year-on-year in January to USD 25.34 billion despite weak demand in the Western markets, reversing a declining trend shown since the peak of July 2011.

Govt OKs buyback of shares by PSUs

Posted: 29 Feb 2012 10:28 PM PST

The Union Cabinet has allowed cash-rich state companies to buy back shares and participate in the government's divestment programme, Praful Patel said on Thursday.

FDI down 33% in Dec to $1.35 bn

Posted: 29 Feb 2012 09:12 PM PST

Foreign direct investment in India declined about 33 per cent to USD 1.35 billion (Rs 7,124 crore) in December 2011, over the same month in the previous year, an official said.

Rupee down 20 paise against dollar

Posted: 29 Feb 2012 09:01 PM PST

The rupee today depreciated by 20 paise to 49.21 against the US dollar in early trade on the Interbank Foreign Exchange market, due to fresh demand from importers for the American currency amid strong global cues.

Govt begins stake sale in ONGC

Posted: 29 Feb 2012 08:58 PM PST

An auction process began at 9.15 a.m. at the bourses for sale of the government's 5 per cent stake in the company and would continue till 3.30 p.m.
Posted by Harshad at 9:19 PM

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