Thursday, November 29, 2012

Rupee up by 36 paise against dollar

Rupee up by 36 paise against dollar


Rupee up by 36 paise against dollar

Posted: 29 Nov 2012 08:53 PM PST

The rupee strengthened by 36 paise to 54.48 against the US dollar in early trade today at the Interbank Foreign Exchange on selling of American currency by exporters and banks.


Sensex surges by 142 points ahead of GDP data

Posted: 29 Nov 2012 08:51 PM PST

The BSE benchmark Sensex rose for the fourth straight day by surging nearly 142 points in early trade today on sustained buying by funds ahead of second quarter GDP data amid a firm trend in Asian regions.


PSU banks report 6,457 cr fraud

Posted: 29 Nov 2012 06:12 PM PST

Fraud cases involving an amount of Rs 6,457 crore have been reported by public sector banks in 2012, Finance Minister P Chidambaram said in a written reply to the Rajya Sabha.


Tatas, Birlas, Premji vie for Star Health stake

Posted: 29 Nov 2012 05:16 PM PST

Tata Capital, Aditya Birla Private Equity and PremjiInvest are vying for an under 10% stake in India's first stand-alone health insurer , Star Health & Allied Insurance.


One-time insurance likely for 2-wheelers

Posted: 29 Nov 2012 05:12 PM PST

Soon, two-wheeler owners may be able to buy longterm insurance policies, which could do away with the hassle of annual renewals.


Sensex tops 19000 on FDI buzz, upgrade by Goldman

Posted: 29 Nov 2012 05:01 PM PST

Expectations that the UPA government will succeed in getting majority support for its move on foreign direct investment (FDI) in retail, combined with global financial powerhouse Goldman Sachs upgrading the Indian economy and the market, lifted investor sentiment on Dalal Street on Thursday.

'Swiss companies keen to invest in India'

Posted: 29 Nov 2012 08:22 AM PST

Swiss companies are keen about business opportunities in India, a Swiss government official said here Thursday.


Aston Martin is not for sale

Posted: 29 Nov 2012 06:41 AM PST

British sports car maker Aston Martin said it is in "advanced" talks with potential investors over an injection of capital into the business.


Slowdown, high interest rates hurting demand: Ford

Posted: 29 Nov 2012 06:34 AM PST

Ford India has said the slowdown in the Indian economy and high interest rates have dampened market sentiments and will impact car sales in the short run.


Sensex zooms past 19,000-level

Posted: 29 Nov 2012 03:08 AM PST

Brokers said investors appeared confident that the UPA will excel in a trial of strength over FDI in retail issue to be witnessed in Parliament next week.


Cadbury India being probed for Rs 200cr tax evasion

Posted: 28 Nov 2012 11:22 PM PST

The government on Thursday said the tax department is investigating alleged excise duty evasion to the tune of Rs 200 crore by confectionery major Cadbury India Ltd.


Goldman Sachs upgrades India to 'overweight'

Posted: 28 Nov 2012 09:08 PM PST

Goldman Sachs raised India to 'overweight' from 'market-weight', citing growth recovery and inflation moderation ahead.


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