Tuesday, June 26, 2012

Asian markets mixed, European summit in focus

Asian markets mixed, European summit in focus

Asian markets mixed, European summit in focus

Posted: 26 Jun 2012 07:21 PM PDT

Asian markets were mixed on Wednesday, with a positive lead from Wall Street offset by lingering doubts about the upcoming European Union summit aimed at tackling the eurozone debt crisis.

Credit Suisse may cut a third of senior employees

Posted: 26 Jun 2012 04:39 PM PDT

Swiss bank Credit Suisse plans to cut up to one-third of senior employees in its European investment banking department, three sources familiar with the matter said, as a weak economy and tighter regulation continue to erode capital raising and advisory activities.

Indian CEOs prefer Esops despite weak stock market

Posted: 26 Jun 2012 04:38 PM PDT

Despite a choppy stock market and an overall adverse economic climate, Indian CEOs and senior executives still prefer employee stock options (Esops) over deferred cash, according to a study conducted by a global consulting firm, signalling the high risk appetite of the Indian top brass.

Last day: FM clears Rs 2k cr FDI proposals

Posted: 26 Jun 2012 04:36 PM PDT

On his last day in office, finance minister Pranab Mukherjee approved foreign direct investment (FDI) proposals worth more than Rs 2,000 crore and spent most part of the afternoon meeting supporters, officials from the ministry and mediapersons, posing for group photographs with visitors.

‘Car companies restricting spares sales’

Posted: 26 Jun 2012 04:33 PM PDT

A section of car makers has allegedly been found engaging in anti-competitive practices by withholding sales of spare parts in the free market, resulting in controlled and hefty prices at dealerships and service centres authorized by them.

Govt sets up cell to track big projects

Posted: 26 Jun 2012 02:29 PM PDT

The finance ministry on Tuesday announced setting up of an Investment Tracking System for all major projects in the private sector and those under the public private partnership worth Rs 1,000 crore and above.

Oil rises further above $91 on Norway strike

Posted: 26 Jun 2012 09:40 AM PDT

Brent oil futures rose further above $91 a barrel on Tuesday, lifting their premium against US crude sharply as a strike by Norwegian oil workers threatened to tighten North Sea supply, with no resolution of the work stoppage yet in sight.

Indian executives prefer clearer package: Study

Posted: 26 Jun 2012 07:21 AM PDT

Most Indian executives prefer clearer pay package to an ambiguous one of a similar or of higher value, according to a recent PwC and London School of Economics (LSE) study.

Rupee slump deepens India private equity quagmire

Posted: 26 Jun 2012 05:33 AM PDT

Global private equity funds, which poured tens of billions of dollars into India investments when the economy and currency were flying high a few years ago, may be stuck with those holdings much longer than planned as the rupee's plunge plays havoc with their exit options.

SBI to recruit 10,500 staff this fiscal

Posted: 26 Jun 2012 05:23 AM PDT

State Bank of India has said it will recruit about 10,500 employees during the current financial year to manage the growing business of the bank.

Sensex ends 24pts up; RIL, Gail, ONGC day's best stocks

Posted: 26 Jun 2012 04:13 AM PDT

Snapping a two-day losing string, the sensex today closed 24 points higher on buying led by refinery stocks amid a weak trend in global markets.

Sensex gains 24 points; refinery stocks in limelight

Posted: 26 Jun 2012 04:13 AM PDT

Snapping a two-day losing string, the sensex today closed 24 points higher on buying led by refinery stocks amid a weak trend in global markets.

Gold spurts by Rs 330, silver zooms Rs 1,200

Posted: 26 Jun 2012 03:33 AM PDT

Gold prices rose by Rs 330 to Rs 30,600 per 10 grams, while silver gained Rs 1,200 to Rs 54,400 per kg in the bullion market here today on rise in demand and strong cues from the global markets.

London Olympics to be costliest ever

Posted: 26 Jun 2012 03:04 AM PDT

The London Olympic Games are going to be the costliest ever according to Oxford University research released yesterday. The study says that the sports extravaganza is going to cost £8.4 billion ($13 billion) in real terms, provided there is no last minute splurge to meet deadlines.

India sells 2 lakh tonnes wheat to Middle East

Posted: 26 Jun 2012 12:35 AM PDT

Indian wheat is quoted at around $255 a tonne free on board (FOB), compared with $295 a tonne being offered for Australian wheat.

India Inc's revenue growth to touch 6-quarter low: Crisil

Posted: 25 Jun 2012 11:51 PM PDT

India Inc's revenue growth is expected to be the weakest in the last six quarters as demand moderates in the current quarter.

Gulf countries projected to register strong growth

Posted: 25 Jun 2012 11:49 PM PDT

The Gulf Cooperation Council (GCC) countries are poised for strong economic growth this year despite heightened regional geopolitical risks, Dubai Chamber of Commerce and Industry (DCCI) has said.

Rupee drops 7 paise against dollar

Posted: 25 Jun 2012 10:56 PM PDT

The rupee failed to maintain initial gains and slipped 7 paise to 57.08 against the dollar on fresh demand for the American currency from banks and importers.

Job offers dry up as economy faces heat

Posted: 25 Jun 2012 10:45 PM PDT

Hiring, which had peaked in March-April 2011, has since been on a roller coaster and has now hit the rock bottom. But the worst is yet to come, warn consultants.

Rupee up 11 paise against dollar

Posted: 25 Jun 2012 09:27 PM PDT

The rupee on Tuesday rose by 11 paise to 56.90 against the US dollar in early trade at the Interbank Foreign Exchange market as the American currency weakened against euro and other currencies overseas.

Sensex gains 26 points in early trade

Posted: 25 Jun 2012 09:19 PM PDT

The BSE benchmark sensex recovered marginally by over 26 points in early trade on Tuesday after two sessions of weakness on selective buying by funds and retail investors.
Posted by Harshad at 9:17 PM

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)