Wednesday, September 26, 2012

450 more workers to be sacked at Haldia port

450 more workers to be sacked at Haldia port

450 more workers to be sacked at Haldia port

Posted: 26 Sep 2012 04:59 PM PDT

Crisis at Haldia Dock Complex intensified on Wednesday after Haldia Bulk Terminal (HBT) decided to retrench 450 more workers.

Leather traders slowly scale China wall

Posted: 26 Sep 2012 04:25 PM PDT

Rising production costs and labour issues are pushing the Chinese to look at sourcing products from other countries including India, a complete role reversal from just a year ago when the country used to supply critical ingredients to the Indian leather industry.

Barclays to shut three branches in India

Posted: 26 Sep 2012 04:02 PM PDT

British banking major Barclays has decided to scale down its operations by closing three of its nine branches in the country, according to a bank source.

Honduras pips India at US garment stores

Posted: 26 Sep 2012 03:49 PM PDT

First, it was Bangladesh and Vietnam. Now it's Honduras that has beaten India in the race to garment stores in the US, which accounts for nearly a third of India's apparel exports.

Govt goes easy on foreign investors

Posted: 26 Sep 2012 03:47 PM PDT

The tax department has issued a rather benign set of rules for tax residency certificates that they will have to produce from April. The certificate was proposed by Pranab Mukherjee in the last budget for countries that avail of DTAA benefits.

Rupee loses 15 paise against dollar

Posted: 26 Sep 2012 05:43 AM PDT

Snapping its three-session gaining streak, the rupee on Wednesday lost 15 paise to close at 53.51 against the US dollar, on fresh demand for the American currency from importers.

India rating outlook remains 'stable': Moody's

Posted: 26 Sep 2012 05:17 AM PDT

Moody's Investors Service still considers India's sovereign ratings at 'stable', saying the growth slowdown was not irreversible, while the current 'Baa3' rating reflected the country's medium-term outlook.

Kingfisher in talks with foreign airlines for FDI: Mallya

Posted: 26 Sep 2012 04:25 AM PDT

Following the government move to allow FDI policy in the civil aviation sector, chairman of debt-ridden Kingfisher Airlines Vijay Mallya on Thursday said the carrier was in talks with foreign airlines.

Sensex closes 62 points down

Posted: 26 Sep 2012 04:13 AM PDT

The BSE benchmark Sensex on Wednesday fell by 62 points on profit-booking, mainly in front-line stocks Bharti Airtel, Coal India, TCS, Infosys and Maruti, amid weak global cues.

World stocks dive as growth pessimism mounts

Posted: 26 Sep 2012 01:57 AM PDT

Global stock markets dived Wednesday after pessimism about global growth prospects sparked Wall Street's worst sell-off in three months.

Rupee sheds 24 paise against dollar

Posted: 25 Sep 2012 09:35 PM PDT

The rupee fell by 24 paise to 53.60 against the US dollar in early trade at the Interbank Foreign Exchange market today as the American currency gained against euro in the global markets.

Rupee sheds 24 paise against dollar

Posted: 25 Sep 2012 09:35 PM PDT

The rupee fell by 24 paise to 53.60 against the US dollar in early trade at the Interbank Foreign Exchange market today as the American currency gained against euro in the global markets.

Sensex down 86 points on profit-booking

Posted: 25 Sep 2012 09:12 PM PDT

The BSE benchmark Sensex declined by over 86 points in early trade today as funds and retail investors preferred to book profits after yesterday's gains.

Sensex down 86 points on profit-booking

Posted: 25 Sep 2012 09:12 PM PDT

The BSE benchmark Sensex declined by over 86 points in early trade today as funds and retail investors preferred to book profits after yesterday's gains.
Posted by Harshad at 9:29 PM

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