Tuesday, November 27, 2012

US declines to name China currency manipulator

US declines to name China currency manipulator

US declines to name China currency manipulator

Posted: 27 Nov 2012 08:25 PM PST

Chinese currency still remains significantly undervalued but the steps taken by the country to reduce intervention in exchange markets and the recent appreciation of reminibi means that it cannot be designated as a currency manipulator, the US has said.

Abbott set to consolidate India ops

Posted: 27 Nov 2012 03:54 PM PST

The current heads of these three units-Rehan Khan, Sudharshan Jain and Rajendra Dhandhukia-will report into the new country chief.

Hoteliers hike tariffs by up to 15% across India

Posted: 27 Nov 2012 03:48 PM PST

As if steep airfares were not enough, here's more bad news for travellers. Hotel operators across the country have increased room tariffs between 8-15% as the busiest holiday season kicks in.

'Interest on home loans can be added to house cost'

Posted: 27 Nov 2012 03:18 PM PST

In an order that is likely to be challenged by the tax department, the Income Tax Apellate Tribunal in Chennai has allowed taxpayers to include interest paid on home loans as acquisition costs while computing capital gains.

Adani, Shapoorji offer sites for IOC refinery

Posted: 27 Nov 2012 12:17 PM PST

Flagship refiner-marketer IOC is in touch with Gujarat-based Adani and Mumbai-based Shapoorji Pallonji groups for land to set up a refinery on the west coast at an investment of Rs 30,000.

India's July-Sept GDP growth seen at 5.4%

Posted: 27 Nov 2012 05:48 AM PST

India's economy probably expanded near its slowest pace in three years in the quarter to September, according to a poll, suggesting little signs of an early turnaround, despite reform steps taken by the government to lure back investors.

Gold retreats from historic peak, silver also slips

Posted: 27 Nov 2012 04:54 AM PST

Precious gold failed to maintain its strong buying momentum at the domestic bullion market here today, dragged down by flat demand from stockists and traders at higher levels, a day after the yellow metal scaled a historic high.

Rupee snaps 5-day losing streak

Posted: 27 Nov 2012 04:22 AM PST

The Indian rupee snapped a five-day losing streak on Tuesday as custodian banks sold dollars on the back of sharp gains in the domestic share market, but persistent dollar demand from oil refiners to meet month-end requirements capped the gains.

Sensex rallies over 300 points

Posted: 27 Nov 2012 03:02 AM PST

The Sensex extended gains on optimism the government will be able to clear reforms announced in September, which were aimed at reviving growth.

Sensex rallies over 300 points

Posted: 27 Nov 2012 02:13 AM PST

The Sensex extended gains on optimism the government will be able to clear reforms announced in September, which were aimed at reviving growth.

Govt to probe dumping of a chemical by China

Posted: 27 Nov 2012 12:57 AM PST

India has initiated a probe into alleged dumping of a chemical, used in semiconductors and fertilisers, by China following complaints by domestic players.

Sensex rallies by 222 points

Posted: 26 Nov 2012 09:44 PM PST

All-round buying ahead of the expiry of the futures and options contract on coming Thursday coupled with persistent foreign capital inflows pushed up the BSE benchmark Sensex by 222 points in the late morning trade.

Rupee appreciates by 13 paise against US dollar

Posted: 26 Nov 2012 09:24 PM PST

The rupee on Tuesday strengthened by 13 paise to 55.60 against the US dollar in early trade after remaining weak for five straight days at the Interbank Foreign Exchange, aided by selling of the American currency by exporters and banks.
Posted by Harshad at 9:53 PM

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