Asia stocks fall as Spain woes intensify |
- Asia stocks fall as Spain woes intensify
- Tata Motors shares drop as Q4 profit disappoints
- Reebok India fraud referred to SFIO
- SAIL profit declines 28% in 2011-12
- Loop seeks 2G licence fee refund
- Essar to list North American steel units?
- LIC hikes interest rates on loans against policies
- Govt tries to woo foreign retail investors
- ONGC net doubles to Rs 5k cr as rupee falls
- Rupee down 49 paise vs dollar
- Tata Motors Q4 net more than doubles
- Sensex ends 22 points higher
- Fortis Healthcare Q4 net up 41%
- Sensex fails to maintain earlier gains; up by 52 points
- Rupee down 42 paise against dollar in early trade
- Sensex up 83pts in early trade; Nifty regains 5,000
- HC attaches BK Modi's bungalow for loan default
| Asia stocks fall as Spain woes intensify Posted: 29 May 2012 08:55 PM PDT Investors unnerved by Spain's worsening financial condition and a report that China has no plans for a major economic stimulus dragged Asian stock markets lower Wednesday. 
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| Tata Motors shares drop as Q4 profit disappoints Posted: 29 May 2012 08:50 PM PDT Shares in Tata Motors dropped 6.1 percent in the pre-open trading session, after its January-March operating profits came in below estimates. 
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| Reebok India fraud referred to SFIO Posted: 29 May 2012 05:09 PM PDT The government has referred the fraud at Reebok India to the Serious Fraud Investigation Office (SFIO) after finding anomalies in the company's books. 
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| SAIL profit declines 28% in 2011-12 Posted: 29 May 2012 05:05 PM PDT State-owned Steel Authority of India Ltd (SAIL) reported a 3% growth in net profit for the fourth quarter of 2011-12 though full-year profit declined by 28%, weighed down by adverse currency fluctuations as well as higher cost of inputs like coking coal. 
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| Loop seeks 2G licence fee refund Posted: 29 May 2012 05:04 PM PDT Loop Telecom on Tuesday took the government and Trai before the telecom sector's tribunal TDSAT seeking refund of Rs 1,454 crore paid for 2G licence and sought Rs 1,000 crore damages for loss of reputation after licence cancellation. 
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| Essar to list North American steel units? Posted: 29 May 2012 05:00 PM PDT Ruias of Essar may take their North American steel business for an initial public offering (IPO) in Canada, or mull other strategic options, as one of India's largest private conglomerates looks to pare debts. 
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| LIC hikes interest rates on loans against policies Posted: 29 May 2012 04:59 PM PDT Life Insurance Corporation has increased interest rates on loans against policies thereby shutting an arbitrage opportunity for policyholders. 
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| Govt tries to woo foreign retail investors Posted: 29 May 2012 04:56 PM PDT The government on Tuesday eased norms for foreign retail investors to buy directly into Indian shares and bonds, including opening a separate $1 billion window for corporate debt, to boost inflows at a time when the rupee is testing fresh lows almost on a daily basis. 
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| ONGC net doubles to Rs 5k cr as rupee falls Posted: 29 May 2012 04:52 PM PDT Flagship explorer Oil and Natural Gas Corporation's net profit more than doubled to Rs 5,644 crore in the quarter ended March on the back of high crude price and the fall in rupee offsetting a steep rise in fuel subsidy outgo. Net profit for the full 2011-12 fiscal rose 33% to Rs 25,123 crore. 
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| Posted: 29 May 2012 06:22 AM PDT After three days of relief rally, the rupee today came under pressure touching a low of 55.88 on heavy month-end dollar buying by oil companies amid the US dollar gaining strength globally but RBI intervention helped the domestic currency finally close 49 paise lower at 55.67. 
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| Tata Motors Q4 net more than doubles Posted: 29 May 2012 05:47 AM PDT Tata Motors today reported an over two-fold jump in its consolidated net profit for the quarter ended March 31 at Rs 6,234 crore. 
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| Posted: 29 May 2012 04:26 AM PDT The BSE benchmark Sensex rose for the second straight day today but surrendered most of its initial gains on fresh weakness in the rupee to finally close the session just 22 points higher at 16,438.58. 
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| Fortis Healthcare Q4 net up 41% Posted: 29 May 2012 12:05 AM PDT The company had posted a net profit of Rs 29.39 crore in the same period last year, Fortis Healthcare said in a filing to the BSE. 
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| Sensex fails to maintain earlier gains; up by 52 points Posted: 28 May 2012 11:09 PM PDT The BSE benchmark sensex failed to maintain earlier gains but was quoted higher by 52 points in the late morning trade on persistent buying mainly in auto, capital goods, PSU, banking, healthcare and refinery counters on the back of higher Asian cues. 
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| Rupee down 42 paise against dollar in early trade Posted: 28 May 2012 09:45 PM PDT The rupee on Tuesday lost 42 paise to 55.60 against the US dollar in early trade on the Interbank Foreign Exchange market, snapping three sessions of gains, weighed down by dollar's gains against the euro overseas. 
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| Sensex up 83pts in early trade; Nifty regains 5,000 Posted: 28 May 2012 09:17 PM PDT The BSE benchmark sensex extended gains for the second straight day by adding over 83 points in early trade today on increased buying by funds and retail investors amid covering-up of short positions by speculators. 
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| HC attaches BK Modi's bungalow for loan default Posted: 28 May 2012 07:53 PM PDT The Delhi high court has attached a prime central Delhi bungalow owned by businessman BK Modi, who was the managing director of Modi Rubber, which failed to repay a Rs 5-crore loan taken in 2001. 
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