Thursday, May 24, 2012

Asian stocks muted as Europe, China woes weigh

Asian stocks muted as Europe, China woes weigh

Asian stocks muted as Europe, China woes weigh

Posted: 24 May 2012 08:56 PM PDT

Asian stock markets struggled for firm footing on Friday as investor nerves were tested by fizzling economic growth in China and the lack of a concrete plan to pull Greece back from the brink of bankruptcy.

Rajat Gupta's trial: Prosecutors play FBI wiretaps

Posted: 24 May 2012 08:33 PM PDT

Prosecutors played a series of FBI wiretapped phone conversations in a bid to show that Goldman Sachs' former Indian-American director Rajat Gupta shared confidential information with convicted hedge-fund billionaire Raj Rajaratnam.

ONGC, IOC keen to invest in ailing HPL

Posted: 24 May 2012 06:14 PM PDT

The state government has received two investment proposals for the ailing Haldia Petrochemicals Ltd (HPL), which is in desperate need of funds for a turnaround, from oil majors Indian Oil Corporation (IOC) and ONGC.

Fuel hike may make petrol cars cheaper

Posted: 24 May 2012 06:08 PM PDT

The steep Rs 7.50-hike in petrol price is set to further fuel the demand for diesel models as the fuel's lower running cost and steady pricing will add to its attraction.

Biggest sensex rise in nearly 2-months

Posted: 24 May 2012 05:51 PM PDT

A day after the government decided to hike the price of petrol by Rs 7.50 per litre, the buzz of an increase in the prices of diesel, cooking gas and kerosene during the weekend lifted investor sentiment on Dalal Street.

EU prepares for possible Greece exit

Posted: 24 May 2012 05:48 PM PDT

European Union leaders, advised by senior officials to prepare contingency plans in case Greece decides to quit the single currency, urged the country to stay the course on austerity and complete the reforms demanded under its bailout programme.

MakeMyTrip Q4 income up at $2.95m

Posted: 24 May 2012 09:14 AM PDT

Online travel firm MakeMyTrip Ltd today posted a near three-fold increase in its net income for the fourth quarter ended March 31, 2012 at USD 2.95 million, compared to the corresponding period last fiscal.

Discounts galore on petrol cars

Posted: 24 May 2012 07:59 AM PDT

A day after petrol prices were hiked by an all-time record of Rs 7.50 per litre, leading car makers Maruti Suzuki, Tata Motors and Hyundai Motor today announced discounts of up to Rs 50,000 on petrol models for a limited period.

Oil companies hint at cut in petrol prices next month

Posted: 24 May 2012 07:27 AM PDT

Close on heels of the steepest ever hike, petrol prices may be cut by Rs 1.50-1.80 early next month if current trend of softening in international oil prices continues, oil companies indicated on Thursday.

Bharti buys 49% stake in Qualcomm Asia Pacific

Posted: 24 May 2012 07:26 AM PDT

Bharti Airtel today announced a Rs 922 crore (USD 165 million) deal with Qualcomm Asia Pacific, a move which will help the country's largest telecom operator establish a stronghold in fast-growing high speed internet services.

Jet Airways posts fifth quarterly loss

Posted: 24 May 2012 05:57 AM PDT

Jet Airways posted a fifth straight quarterly loss on Thursday, as the leading Indian carrier continued to bear the brunt of high fuel costs and intense competition.

Sensex closes 274 points higher

Posted: 24 May 2012 04:10 AM PDT

The BSE benchmark Sensex on Thursday regained the psychological 16,000-point level and closed higher by 274 points, its biggest single-session gain since March 30, as stocks of oil and banking sectors led gains amid a recovery in the rupee from its record lows.

Eurozone tunnel darkens, crisis deepens

Posted: 24 May 2012 03:55 AM PDT

Eurozone tensions rose again on Thursday with grim signals from business, and a rush for German bonds on the risk of chaos over Greece despite efforts by France and Germany to calm the crisis.

Sensex up 222.6 pts in noon trade

Posted: 24 May 2012 02:56 AM PDT

A benchmark index of Indian equities markets was trading 222.60 points higher around 12.30 p.m.Thursday on a healthy buying spree in bank, oil and gas and metals stocks.

BPCL, HPCL, IOC rally on petrol price hike

Posted: 23 May 2012 11:27 PM PDT

Led by BPCL, shares of state-run oil companies rallied on the bourses today after the petrol price was hiked by a record Rs 7.54 per litre.

BPCL, HPCL, IOC rally on petrol price hike

Posted: 23 May 2012 11:27 PM PDT

Led by BPCL, shares of state-run oil companies rallied on the bourses today after the petrol price was hiked by a record Rs 7.54 per litre.

Rupee falls to record low of 56.38

Posted: 23 May 2012 10:48 PM PDT

Continuing its slide against the US dollar for the seventh day in a row, the rupee hit new record low of 56.38 in late morning trade today amid firm demand for the American currency from importers and continued capital outflows in view of Greece's debt crisis.

Oil rebounds above $90 in Asian trade

Posted: 23 May 2012 09:36 PM PDT

Oil rebounded in Asian trade today as investors bought into the market after prices fell below $90 a barrel the previous day, analysts said.

Rupee down by 21 paise vs dollar

Posted: 23 May 2012 09:31 PM PDT

The rupee today depreciated by 21 paise to 56.21 against the US dollar at the Interbank Foreign Exchange market in early trade, following strong demand for the American currency from importers amid concerns over deepening eurozone crisis.

Sensex up 84 points in early trade

Posted: 23 May 2012 09:14 PM PDT

The BSE benchmark sensex gained over 84 points in early trade today with shares of oil companies leading the recovery amid buying by funds and retail investors at prevailing levels.

Goldman Sachs in India's biggest office space deal

Posted: 23 May 2012 07:21 PM PDT

US banking group Goldman Sachs has agreed to take on lease 1.6 million sq ft of office space - an area the size of nine football fields - in Bangalore, in what is the biggest recorded commercial property deal to date in India.
Posted by Harshad at 9:34 PM

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)