Friday, June 29, 2012

May core sector data goof-up on Statistics Day

May core sector data goof-up on Statistics Day


May core sector data goof-up on Statistics Day

Posted: 29 Jun 2012 05:59 PM PDT

On a day when the government was celebrating the 6th Statistics Day, the commerce and industry ministry failed to get the numbers right for the key core industries data.


Pepsi, Vodafone eye last-minute ad slots at Euro final

Posted: 29 Jun 2012 05:57 PM PDT

Big spending advertisers , such as cola maker PepsiCo and mobile operator Vodafone, are in last-minute negotiations with Neo Sports for being seen during the final of Euro 2012 on Sunday.


Street unleashes animal spirit

Posted: 29 Jun 2012 05:55 PM PDT

he sensex on Friday soared 439 points to 17,430, the biggest single-session points rise this year, on the back of government's positive moves aimed at reviving growth and developments in the Euro area.

Best day doesn't help Re from posting worst quarter

Posted: 29 Jun 2012 05:54 PM PDT

A record Rs 1.17 gain against the dollar on Friday did not prevent the rupee from registering its worst quarterly fall since it was made freely tradable in the '90s.


Markets cheer GAAR clarity; NSE Nifty swells 2.52%

Posted: 29 Jun 2012 07:47 AM PDT

The benchmark Nifty zoomed by a massive 130 points at the National Stock Exchange today on the back of across the board buying as investors hailed clarity on tax-avoidance rules amid global buoyancy.


Core sector growth improves to 4.6% in May

Posted: 29 Jun 2012 07:43 AM PDT

In a silver lining for flagging Indian economy, eight core sectors posted a higher growth rate of 4.6 per cent in May against a dismal 2.2 per cent expansion rate in the previous month.


India's current account deficit widens

Posted: 29 Jun 2012 07:35 AM PDT

India's current account deficit (CAD) widened to the highest ever level to 4.5 per cent of GDP at USD 21.7 billion in January-March period of 2011-12 due to higher imports of oil and gold, the Reserve Bank said today.


Gold prices near 2-week low

Posted: 29 Jun 2012 07:01 AM PDT

Indian gold prices extended losses on Friday, hitting its lowest level in nearly two weeks, weighed by a firm rupee, triggering bargain hunting from physical traders as price levels were attractive.


6 states to raise 32.8 bn Re on July 3: RBI

Posted: 29 Jun 2012 06:01 AM PDT

Six Indian states will raise 32.8 billion rupees ($589.9 million) via 10-year loans on July 3, the Reserve Bank of India said in a statement on Friday.


Gold tumbles by Rs 360, silver by Rs 550

Posted: 29 Jun 2012 03:12 AM PDT

Gold prices on Friday tumbled by Rs 360 to Rs Rs 30,060 per 10 grams in the bullion market here, while silver shed Rs 550 on sluggish demand amid weak global cues.


Mahindra launches CNG variant of Maxximo

Posted: 29 Jun 2012 01:18 AM PDT

Auto major Mahindra & Mahindra on Friday launched a CNG variant of its mini truck 'Maxximo' priced at Rs 3.99 lakh (ex-showroom Delhi).


Rupee up 33 paise against dollar

Posted: 28 Jun 2012 11:31 PM PDT

Moving in line with higher equity market and fund inflows, the rupee advanced further by 33 paise to 56.47 against the dollar on sustained selling of the American currency by banks and exporters.


Rupee up 25 paise against dollar

Posted: 28 Jun 2012 10:25 PM PDT

The rupee appreciated by 25 paise to 56.55 against the US dollar in early trade on Friday at the Interbank Foreign Exchange market on hopes that the government will take steps to check the currency's slide.


Sensex zooms 269 points in early trade

Posted: 28 Jun 2012 09:31 PM PDT

Extending gains for the fourth day in a row, the BSE benchmark Sensex rose by hefty 269 points in early trade today on sustained buying by funds and retailers on hopes that the government will announce economic reforms to revive the economy.


Petrol price cut by Rs 2.46 a litre

Posted: 28 Jun 2012 03:13 PM PDT

State-run fuel retailers on Thursday cut petrol price by Rs 2.46 a litre, excluding state taxes, as the fuel became cheaper in bulk markets on the back of declining global demand.

To check speculation, RBI seeks curbs on currency futures

Posted: 28 Jun 2012 03:01 PM PDT

The Reserve Bank of India has sought checks on currency trading arguing it was resulting in speculation.

JPMorgan trading loss may reach $9bn

Posted: 28 Jun 2012 02:54 PM PDT

Losses on JPMorgan Chase's bungled trade could total as much as $9 billion, far exceeding earlier public estimates, according to people who have been briefed on the situation.

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