Individuals hold on to dollar to cash out at better rates |
- Individuals hold on to dollar to cash out at better rates
- FII holdings in desi cos up in Jan-Mar
- Re dives to 56.01 on fears of Greek exit
- Airtel, ICICI among 'top 100 global brands'
- RINL, NMDC to ink MoU for Rs 2,200cr
- India's gas demand to rise to 473 mcmd by 2017
- Sensex ends at 4-month low
- Rein in public debt from external sources: Assocham
- Silver down Rs 300 on sustained selling
- Sensex down on weak cues
- Rupee crashes to new low at 55.82 vs dollar
- Rupee hits new record low, near key 56-level
- Sensex down on weak cues
- Oil falls to near $91 as Iran allows nuclear probe
- Asia stocks down as worries over Greece grow
- Jet Airways to sack 72 expat pilots
| Individuals hold on to dollar to cash out at better rates Posted: 23 May 2012 04:24 PM PDT Last month, Rakesh Rai sold $500 at a small vend on Delhi's Janpath to mop up over Rs 25,000 and clear a loan he had taken from his roommate. But dealers, mostly unauthorized, on this street full of tourists are complaining that there are few like Rai who are coming forward to sell greenbacks they had saved from an overseas trip. 
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| FII holdings in desi cos up in Jan-Mar Posted: 23 May 2012 04:22 PM PDT Foreign funds, which together pumped in over Rs 44,000 crore in the Indian stock market between January and March, were bullish on almost every sector, but telecom, probably the result of the policy void in the sector during those months. 
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| Re dives to 56.01 on fears of Greek exit Posted: 23 May 2012 04:06 PM PDT The rupee weakened beyond 56 per US dollar and closed at 56.01 as the euro fell to a 20-month low against the dollar on fears of a Greek exit from the common currency. 
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| Airtel, ICICI among 'top 100 global brands' Posted: 23 May 2012 10:33 AM PDT Indian telecom major Bharti Airtel and private sector bank ICICI Bank have been included in the 'BrandZ list' of the top 100 most-valuable global brands of 2012 by research firm Millward Brown. 
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| RINL, NMDC to ink MoU for Rs 2,200cr Posted: 23 May 2012 06:49 AM PDT Rashtriya Ispat Nigam (RINL) will sign a pact with iron ore miner NMDC for a joint venture that aims to set up a 336-km slurry pipeline and a pellet plant with an investment of Rs 2,200 crore. 
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| India's gas demand to rise to 473 mcmd by 2017 Posted: 23 May 2012 04:45 AM PDT India's gas demand is estimated to rise to 473 million cubic metres a day (mcmd) in 2017 from 166.2 mcmd now, oil minister S Jaipal Reddy said, as the energy-hungry nation is boosting use of cleaner fuel to power its economic expansion and cut subsidies. 
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| Posted: 23 May 2012 03:52 AM PDT The BSE benchmark Sensex on Wednesday ended at 15,948.10 points, its lowest closing since January 7, due to hectic selling by funds as the rupee tumbled to yet another all-time low of 56.19 against the dollar amid weak global trends. 
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| Rein in public debt from external sources: Assocham Posted: 23 May 2012 03:45 AM PDT "The situation is not yet in the panic zone, but surely there are reasons enough to set the alarm bells ringing," the chamber said. 
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| Silver down Rs 300 on sustained selling Posted: 23 May 2012 03:34 AM PDT Silver today continued to slide for the third straight session and lost Rs 300 to Rs 53,900 per kg, due to sustained selling by stockists in tandem with a weakening global trend. 
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| Posted: 23 May 2012 12:24 AM PDT A benchmark index for Indian equities markets was trading 119.32 points down around 12.15 p.m. Wednesday on heavy selling pressure in consumer durable, automobile and power stocks. 
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| Rupee crashes to new low at 55.82 vs dollar Posted: 22 May 2012 09:17 PM PDT Continuing its losing streak for the sixth session in a row, the rupee today lost 43 paise to touch a fresh low of 55.82 against the US dollar in early trade due to increased capital outflows amid a strong demand for the American currency by importers, especially oil refiners. 
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| Rupee hits new record low, near key 56-level Posted: 22 May 2012 09:17 PM PDT The rupee fell to a new record low in early trade on Wednesday, approaching the key psychological level of 56, as another bout of risk aversion swept global markets because of euro zone worries. 
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| Posted: 22 May 2012 09:13 PM PDT The BSE benchmark Sensex on Wednesday extended losses for the second straight session and lost over 84 points in early trade, due to a falling rupee and weakening trend on other Asian bourses. 
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| Oil falls to near $91 as Iran allows nuclear probe Posted: 22 May 2012 09:02 PM PDT Oil fell to a seven-month low near $91 a barrel Wednesday in Asia after Iran agreed to allow the U.N. nuclear agency to restart an investigation into the country's nuclear program. 
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| Asia stocks down as worries over Greece grow Posted: 22 May 2012 09:00 PM PDT Reports that Greece is considering preparations to leave the euro common currency sent Asian stock markets lower Wednesday. 
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| Jet Airways to sack 72 expat pilots Posted: 22 May 2012 08:00 PM PDT In an attempt to prune costs and navigate itself out of the turbulence in the Indian aviation sector, the nation's largest private airline, Jet Airways, has decided to terminate contracts of 72 of its high-cost expatriate pilots. 
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