Wednesday, October 31, 2012

After Sandy, it's insurance blow for US home owners

After Sandy, it's insurance blow for US home owners

After Sandy, it's insurance blow for US home owners

Posted: 31 Oct 2012 02:55 PM PDT

Home and business owners across a dozen US states awoke to an unpleasant reality on Tuesday: Significant portions of their property damage caused by flooding from hurricane Sandy are unlikely to be covered by insurance.

Stock Holding Corp to merge with IDBI Bank

Posted: 31 Oct 2012 02:54 PM PDT

The board of IDBI Bank has cleared a proposal to merge Stock Holding Corporation of India with the bank through a non-cash, share-swap deal.

Government must cut spending: RBI governor

Posted: 31 Oct 2012 02:48 PM PDT

The Reserve Bank of India (RBI) has said that the government must balance its books by cutting spending as this is the only way to achieve a sustained fiscal consolidation.

Allegations devoid of any truth: RIL

Posted: 31 Oct 2012 12:25 PM PDT

"Irresponsible allegations made by IAC at the behest of vested interests without basic understanding of the complexities of a project of this nature do not merit a response," the company said in a statement

CAG meet on RIL's gas fields postponed

Posted: 31 Oct 2012 07:00 AM PDT

The oil ministry postponed Wednesday's scheduled meeting for India's official auditor to begin audit of Reliance Industries' KG-D6 oil and gas producing block.

Sensex posts biggest monthly fall since May

Posted: 31 Oct 2012 06:54 AM PDT

The BSE Sensex rose on Wednesday, recovering from steep falls in the previous session, as auto makers such as Maruti Suzuki India rose on hopes sales would rebound, while drug makers including Glenmark Pharmaceuticals(GLEN.NS) extended a recent rally on the back of robust earnings.

Barclays hit by fresh US investigations

Posted: 31 Oct 2012 06:34 AM PDT

Barclays(BARC.L), already rocked by an interest rate rigging scandal, unveiled two new US regulatory investigations into the bank's financial probity on Wednesday and said its profit was hit by charges for mis-selling insurance.

Rupee rises on fund flows

Posted: 31 Oct 2012 05:25 AM PDT

Dealers are closely awaiting further developments in the euro zone as well as the group of 20 nations' meeting over the weekend, where Europe and the United States will be pushed to tackle their debt woes.

Tata Motors can become a $30bn firm: Goldman

Posted: 31 Oct 2012 02:09 AM PDT

The bank is also of the opinion that the cash flow of the company can nearly double during these four years.

ArcelorMittal posts net loss in Q3

Posted: 31 Oct 2012 12:18 AM PDT

ArcelorMittal, the world's largest steelmaker, said it would slash its annual dividend as it focused on cutting debt after slipping into a net loss in the third quarter and abandoning its full-year outlook.

Rupee down by 19 paise vs dollar

Posted: 30 Oct 2012 11:31 PM PDT

The rupee fell by 19 paise to 54.17 against the American currency in the late morning trade on month-end dollar demand from importers despite weak dollar overseas.

Rupee down 14 paise against dollar

Posted: 30 Oct 2012 09:24 PM PDT

The rupee lost 14 paise to 54.12 against the dollar in early trade on Wednesday at the Interbank Foreign Exchange largely due to month-end demand for the American currency from oil importers.

Sensex up 43 points on Asian cues

Posted: 30 Oct 2012 09:22 PM PDT

The BSE benchmark Sensex rose by over 43 points in early trade on Wednesday, led by recovery in stocks of consumer durables and healthcare sectors, on emergence of buying by funds amid a firming trend in Asian region.

Disney to buy Lucasfilm for $4.05 billion

Posted: 30 Oct 2012 09:12 PM PDT

Walt Disney Co agreed to buy filmmaker George Lucas's Lucasfilm Ltd and its "Star Wars" franchise for $4.05 billion in cash and stock, a blockbuster deal that includes the surprise promise of a new film in the series in 2015.
Posted by Harshad at 9:35 PM

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)