Friday, April 20, 2012

Kaushik Basu clarifies, oppn slams govt

Kaushik Basu clarifies, oppn slams govt

Kaushik Basu clarifies, oppn slams govt

Posted: 20 Apr 2012 12:36 PM PDT

A day after his comments on stalled economic reforms kicked up a political row the finance ministry's chief economic adviser Kaushik Basu on Friday said his comments on the "possible European economic crisis of 2014" was wrongly compared to the Indian election in 2014.

Nifty futures dives 7% in seconds on freak trades

Posted: 20 Apr 2012 12:18 PM PDT

Two trades on NSE's derivatives segment on Friday — done at prices way off the prevailing market levels at the time — rattled market players and pulled down the benchmark indices nifty and the sensex by about 1.5% each in intra-day trades.

Realty good savings tool for retirement

Posted: 20 Apr 2012 12:10 PM PDT

The West is rewriting the phrase "as safe as houses", considering the drop in real estate values. But in India, real estate continues to make sense as a retirement savings option.

Maran steps down as Sun TV MD

Posted: 20 Apr 2012 12:03 PM PDT

Kalanithi Maran, founder of Sun TV Network, has stepped down from the day-to-day affairs of the company by appointing K Vijaykumar as the company's MD. Maran will don the role of executive chairman with immediate effect.

Rupee falls for 3rd week, may weaken more

Posted: 20 Apr 2012 07:17 AM PDT

The rupee fell for a third consecutive week as investors trimmed holdings on the country's weak economic outlook and fears more pain was in store for the currency given limited fiscal and monetary space for supporting growth.

Sensex falls; PSU banks under pressure

Posted: 20 Apr 2012 05:54 AM PDT

The BSE Sensex snapped a four-day-rally as Reliance Industries fell ahead of its earnings results while state-run banks declined on worries about their margins due to a government directive to lower their lending and deposit rates.

NSE denies trading error in its systems

Posted: 20 Apr 2012 05:16 AM PDT

The National Stock Exchange said it had not spotted errors in its trading systems on Friday, denying market speculation that a sudden fall in index futures of as much as 6.7% had been caused by a trading error.

Reliance Industries Q4 profit falls 21%

Posted: 20 Apr 2012 05:16 AM PDT

Energy conglomerate Reliance Industries reported its second consecutive quarterly drop in profit, hurt by weak refining margins and declining gas output from its offshore fields.

Microsoft reports record-high revenue

Posted: 20 Apr 2012 01:04 AM PDT

Microsoft on Thursday reported that its net income hit $5.11 billion on record-high revenue in the recently ended quarter.

Posco Q1 profit drops 54 %

Posted: 20 Apr 2012 12:12 AM PDT

South Korean steelmaker Posco , backed by billionaire investor Warren Buffett, posted a 54 percent drop in first-quarter profit because of slack demand, lower product prices and higher raw-material costs.

Sensex down after previous rallies

Posted: 19 Apr 2012 11:43 PM PDT

Indian equities were ruling in the red intra-day on Friday after a key index opened lower after rising more than 400 points this week.

Markets in negative zone

Posted: 19 Apr 2012 10:55 PM PDT

At 11.15 am, the BSE Sensex was down by 30.80 points to 17472.91. Nifty was also in negative zone.

Rupee falls below 52, hits new 3-month low

Posted: 19 Apr 2012 10:08 PM PDT

The rupee fell below 52 versus the dollar to a new three-month low, though traders have not yet seen clear signs of intervention.
Posted by Harshad at 9:21 PM

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