Wednesday, April 25, 2012

Pranab silent on steps to boost reforms

Pranab silent on steps to boost reforms


Pranab silent on steps to boost reforms

Posted: 25 Apr 2012 06:08 PM PDT

Terming the Standard & Poor's rating action a "timely warning" , finance minister Pranab Mukherjee on Wednesday said the government will push for reforms but did not unveil any concrete steps to address the growing perception of inaction.


Pranab silent on steps to boost reforms

Posted: 25 Apr 2012 06:08 PM PDT

Terming the Standard & Poor's rating action a "timely warning" , finance minister Pranab Mukherjee on Wednesday said the government will push for reforms but did not unveil any concrete steps to address the growing perception of inaction.


S&P: India Inc’s funding costs to soar

Posted: 25 Apr 2012 05:46 PM PDT

Indian corporates could see their overseas borrowing costs shoot up should Standard & Poor's negative outlook result in an actual downgrade.


Coal minister’s constituency gets Neyveli largesse

Posted: 25 Apr 2012 05:33 PM PDT

Neyveli Lignite Corporation, a company under his ministry's wings, is setting up a power plant in his constituency at an investment of Rs 11,088 crore.


Hindalco raises Rs 3,000 crore via bonds

Posted: 25 Apr 2012 05:26 PM PDT

This was the largest bond issuance by a private sector company in India since the Lehman Brothers collapsed in September 2008 and subsequently led to a crisis in the financial world.


Rupee gains 14 paise against the dollar

Posted: 25 Apr 2012 07:01 AM PDT

Snapping two days of losing streak, the rupee gained 14 paise to close at 52.54/55 against the American currency on fresh dollar selling by banks and exporters amid weak local equity market.


Sensex falls 56 points on S&P outlook

Posted: 25 Apr 2012 05:42 AM PDT

The Sensex, which had opened higher, lost steam and dropped to 17,019.24 as the rating agency lowered the sovereign credit outlook from stable to negative.


S&P revises rating outlooks on Infy, TCS

Posted: 25 Apr 2012 04:53 AM PDT

Standard & Poor's Ratings Services said today that it had revised the rating outlooks on three Indian information technology companies to negative from stable.

Sensex tumbles on S&P outlook

Posted: 25 Apr 2012 01:34 AM PDT

Sensex fell 188 points at midsession today, due to profit booking sparked off by reports of Standard & Poor's downgrading India's rating outlook to negative.


S&P cuts India's outlook to negative

Posted: 24 Apr 2012 11:57 PM PDT

There is a one in three chance of a downgrade to India's credit rating if external conditions continue to deteriorate, the ratings agency said in a statement.


China's tax revenue growth hits three-year low

Posted: 24 Apr 2012 11:40 PM PDT

Growth of China's tax revenues logged the slowest pace in three years in the first quarter of 2012 as a result of the country's cooling economy, official data showed on Tuesday.


Citibank pays Rs 950 crore for 3L sq ft in Mumbai

Posted: 24 Apr 2012 10:17 PM PDT

Citibank has signed the biggest commercial office space deal in the country, shelling out Rs 950 crore for about 3 lakh sq ft spread over six floors in a 12-storey building in the Bandra-Kurla Complex.


Citibank pays Rs 950 crore for 3L sq ft in Mumbai

Posted: 24 Apr 2012 10:17 PM PDT

Citibank has signed the biggest commercial office space deal in the country, shelling out Rs 950 crore for about 3 lakh sq ft spread over six floors in a 12-storey building in the Bandra-Kurla Complex.


Sensex down over 32pts in early trade

Posted: 24 Apr 2012 09:33 PM PDT

The BSE benchmark index sensex on Wednesday declined by over 32 points in early trade, as funds and retail investors booked profits after yesterday's gains.

Sensex down over 32pts in early trade

Posted: 24 Apr 2012 09:33 PM PDT

The BSE benchmark index sensex on Wednesday declined by over 32 points in early trade, as funds and retail investors booked profits after yesterday's gains.


Rupee down 3 paise against dollar in early trade

Posted: 24 Apr 2012 09:31 PM PDT

The rupee on Wednesday eased by 3 paise to 52.71 against the US dollar in early trade on the Interbank Foreign Exchange market, due to sustained demand for the American currency from banks and importers.


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