Thursday, March 22, 2012

Stocks of gold loan cos tumble over RBI norms

Stocks of gold loan cos tumble over RBI norms


Stocks of gold loan cos tumble over RBI norms

Posted: 22 Mar 2012 05:36 PM PDT

The stocks of companies which are in the gold financing business were hit hard in Thursday's market after the Reserve Bank of India (RBI) put a restriction on how much value of the gold being kept as collateral they can lend to borrowers .


No takeoff without pay, private airport players tell KFA

Posted: 22 Mar 2012 05:33 PM PDT

Private airports will now allow cash-strapped Kingfisher to operate flights only after paying for each of them.


China set to be top importer: Chinese minister

Posted: 22 Mar 2012 05:27 PM PDT

China has said it is set to overtake the US as the world's biggest importer over the next few years.


After 6 years, Twitter has 14 crore users

Posted: 22 Mar 2012 05:26 PM PDT

Twitter on Thursday revealed that over 140 million active users make 340 million tweets everyday. The company disclosed the figure in an official blog posted after it completed six years of operations .


Coal India shines on CAG report

Posted: 22 Mar 2012 05:12 PM PDT

PSU major Coal India emerged as the biggest gainer among the sensex stocks in Thursday's sell-off during which the index lost over 400 points, thanks to the CAG's audit report that shifted the country's focus to coal.


Ireland returns to recession

Posted: 22 Mar 2012 07:56 AM PDT

Ireland's economy sank back into recession in late 2011 despite recovering to show its first annual growth for four years, mixed official data showed on Thursday.


Emirates group says it is open to investing in India

Posted: 22 Mar 2012 06:40 AM PDT

With the government actively considering allowing foreign airlines to pick up equity in an Indian carrier, Dubai-based Emirates group today said it was "open" to investing in India.


Re loses 50 paise, closes below 51-level

Posted: 22 Mar 2012 06:24 AM PDT

The rupee today plunged by 50 paise to close at sub-51 level after more than two months against the dollar amid a steep fall in stocks as investor sentiment took a blow after allegations of massive losses to the government in coal blocks allocation.


US: Unemployment rate falls to 4-yr low

Posted: 22 Mar 2012 05:42 AM PDT

New US claims for unemployment benefits dropped to a fresh four-year low last week, according to a government report on Thursday.


Sensex down 405 points on weak rupee

Posted: 22 Mar 2012 04:21 AM PDT

BSE benchmark Sensex on Thursday tumbled over 405 points on FII outflows as investors feared that weakening rupee will hit importers.

Ford lays foundation for $1bn factory in India

Posted: 22 Mar 2012 01:48 AM PDT

Ford Motor Co. says it laid the cornerstone for a new billion dollar factory in India.


Re at 9-week low at 50.90 vs dollar

Posted: 21 Mar 2012 11:30 PM PDT

The rupee on Thursday hit a fresh nine- week low at 50.90 against the US dollar in the late morning trade, due to persistent demand for the American currency from banks and importers.


Goldman scans staff emails for 'muppet'

Posted: 21 Mar 2012 10:42 PM PDT

In the United States, "muppet" brings to mind lovable puppets such as Kermit the Frog, but in Britain "muppet" is slang for a stupid person


Mumbai Indians signs brand deal with Walt Disney

Posted: 21 Mar 2012 10:42 PM PDT

Disney characters are famous for executing all manner of unbelievable stunts, but so far they have never been seen around a cricket pitch. That will change soon.


Rupee down 10 paise vs dollar in early trade

Posted: 21 Mar 2012 10:28 PM PDT

The rupee on Thursday lost 10 paise to touch a new two-month low of 50.77 against the dollar on the Interbank Foreign Exchange market in early trade, following increased demand for the American currency from importers.


Sensex down by 52 points in early trade

Posted: 21 Mar 2012 09:47 PM PDT

The BSE benchmark index sensex fell by nearly 52 points in early trade today, due to profit- booking by investors amid a mix Asian trend.


Rupee drops to 2-month low on oil demand

Posted: 21 Mar 2012 09:45 PM PDT

Rupee slid to a more than two-month low on Thursday weighed down by demand for dollars from oil importers.


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