Monday, December 3, 2012

Rupee down 15 paise against dollar

Rupee down 15 paise against dollar

Rupee down 15 paise against dollar

Posted: 03 Dec 2012 08:40 PM PST

The rupee fell by 15 paise to 54.92 against the dollar in early trade on Tuesday at the Interbank Foreign Exchange on increased demand for the American currency from oil importers and some banks.

Sensex down 31 points in opening trade

Posted: 03 Dec 2012 08:21 PM PST

The 30-share index, which had lost 34.58 points in the previous session, fell by 31.29 points, or 0.16 per cent, to 19,274.03 in first five minutes of trading.

GMR didn’t buy political cover

Posted: 03 Dec 2012 05:44 PM PST

GMR had not purchased any political risk cover for the Male airport, insurance sources have confirmed. Axis Bank-led lenders to the GMR Male airport project are now seeking legal recourse and have sent a notice to the Maldivian government for breach of contract.

Fitch keeps up pressure, flags reforms hurdles

Posted: 03 Dec 2012 05:40 PM PST

Global ratings agency Fitch on Monday cautioned that a loosening in fiscal policy ahead of the 2014 elections could further weaken India's public finances and put pressure on ratings.

FIPB to vet pharma M&As involving FDI

Posted: 03 Dec 2012 05:36 PM PST

The government on Monday said all foreign investments in existing pharmaceutical companies would be cleared by the Foreign Investment Promotion Board (FIPB) in a bid to ensure availability of medicines at affordable prices.

Manufacturing growth at 5-month high in November

Posted: 03 Dec 2012 05:35 PM PST

The manufacturing sector is showing some signs of a turnaround. The latest PMI survey showed output was the fastest in five months boosted by new orders and exports. The HSBC Purchasing Managers' index, which provides a snapshot of operating conditions in the manufacturing sector, posted 53.7 in November, up from 52.9 in October.

News Corp to split, Indian to be publishing CFO

Posted: 03 Dec 2012 04:45 PM PST

The publishing entity would retain the name of News Corporation and the media and entertainment company would be named Fox Group.

Jet Airways to sell 24% stake to Etihad

Posted: 03 Dec 2012 05:04 AM PST

Talks between Etihad and Jet, which has 100 planes and is India's largest airline by total passengers carried, have been the subject of recent media reports citing unnamed sources.

Rupee down 51 paise against dollar

Posted: 03 Dec 2012 05:01 AM PST

Snapping its three-session gaining string, the rupee on Monday lost a massive 51 paise to end at 54.77 against the US dollar .

Sensex snaps 4-day rally, down over 34 pts

Posted: 03 Dec 2012 03:27 AM PST

Snapping a four-day rally, the BSE benchmark sensex today fell over 34 points from its 19-month high to close at 19,305.32 as investors adopted a cautious stance ahead of the key vote on FDI in Parliament and mixed trends from global stock markets.

Jet Airways shares surge on report of stake sale

Posted: 02 Dec 2012 10:50 PM PST

Shares in India's Jet Airways rose over 7 per cent on a report in Mint newspaper that the airline will soon seek regulatory approval to tweak its ownership pattern to facilitate a stake sale to Etihad Airways.

After initial gains, Sensex down by 33 points

Posted: 02 Dec 2012 09:57 PM PST

The BSE benchmark Sensex failed to maintain initial gains and slipped by 33 points to 19,306.71 points today on selling in FMCG, banking, IT and PSU stocks.

'Manufacturing output at five-month high in Nov'

Posted: 02 Dec 2012 09:52 PM PST

India's manufacturing sector beat the expectations of economists to grow at its fastest pace in five months in November, boosted by strong export orders and a surge in output, a business survey showed on Monday.

Indian oil firms hungry for deals

Posted: 02 Dec 2012 09:25 PM PST

State-run ONGC Videsh has agreed to pay about $5 billion for 8.4 percent of the Kashagan field in Kazakhstan, the world's largest oilfield discovery in four decades.
Posted by Harshad at 9:17 PM

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