Wednesday, December 5, 2012

Sensex down on profit-booking

Sensex down on profit-booking


Sensex down on profit-booking

Posted: 05 Dec 2012 09:22 PM PST

The BSE Sensex falls 0.26 per cent to 19,340 and the Nifty is down 0.3 per cent to 5,882.75, on profit-booking.


Rupee up 14 paise against dollar in early trade

Posted: 05 Dec 2012 09:08 PM PST

The rupee on Thursday rose by 14 paise to 54.40 against the dollar in early trade at the Interbank Foreign Exchange market on continued selling of the US currency by exporters and banks.


Sensex rises 100 points after FDI vote

Posted: 05 Dec 2012 08:35 PM PST

The BSE benchmark Sensex on Thursday shot up over 99 points in early trade on sustained buying by funds and retailers, after the ruling government's victory in Parliament over FDI in multi-brand retail sector amid firm Asian cues.


RIL secures $2.1bn loan from US EXIM

Posted: 05 Dec 2012 11:11 AM PST

In May RIL raised a $2 billion 13-year loan backed by German credit insurer Euler Hermes Deutschland AG for financing goods and services from German suppliers.


Sahara gets breather of 2 months to repay money

Posted: 05 Dec 2012 11:08 AM PST

The Supreme Court on Wednesday provided a breather to two Sahara group companies by giving them time till the first week of February to deposit Rs 24,000 crore in two installments with market regulator Sebi, which they had collected from investors.


Mahindra & Mahindra out of Aston Martin race?

Posted: 05 Dec 2012 11:04 AM PST

The $15.4-billion Mahindra Group appears to have pulled out of the race for troubled luxury car brand Aston Martin. According to sources in investment banking circles, the brand's financial baggage is probably the reason why the Indian auto major has cooled off towards the bid.


Bid to link ETFs & gold deposits

Posted: 05 Dec 2012 11:03 AM PST

The government and regulators are discussing a two-pronged strategy to reduce gold imports by getting consumers to shift from purchase of the yellow metal to holdings as exchange traded funds—where investment may be made more attractive—while simultaneously mopping up the precious metal through bank gold deposit schemes.

Tatas set to sweeten Orient offer

Posted: 05 Dec 2012 11:00 AM PST

Tatas-owned Indian Hotels Company is working on a revised offer to acquire British hospitality group Orient Express, sweetening the price 10-15% in the coming days.


Industry hails LS approval to FDI in retail

Posted: 05 Dec 2012 06:33 AM PST

Indian industry today welcomed the approval accorded by Lok Sabha to FDI in multi-brand retail, saying it will send a strong signal to foreign investors and enable the government to take up further economic reforms.


Rupee closes 14 paise high against dollar

Posted: 05 Dec 2012 04:42 AM PST

Persistent overseas investments in stocks and sustained dollar sales also aided the rupee rise, forex dealers said.


Sensex closes 44 points high

Posted: 05 Dec 2012 03:18 AM PST

Led by Reliance Industries, the Sensex settled the day at 19,391.86, higher by 43.74 points, or 0.23 per cent.


Trying to help revive Kingfisher: SBI

Posted: 05 Dec 2012 03:12 AM PST

State Bank of India, the lead banker in the 17-lenders consortium that extended Rs 7,000 crore loans to the now grounded Kingfisher Airlines, today said the banks are "trying to do everything to find an amicable solution" to the carrier's financial troubles.


Gold down Rs 200, silver falls by Rs 965

Posted: 05 Dec 2012 01:48 AM PST

Extending losses for the second straight session, gold prices on Wednesday fell by Rs 200 to Rs 31,680 per 10 gram.


Facebook to replace Infosys on Nasdaq from Dec 12

Posted: 04 Dec 2012 10:51 PM PST

Social networking giant Facebook Inc is all set to replace Indian software major Infosys Ltd to become a part of the Nasdaq 100 index from December 12.


Sensex trims initial gains, still up by 40 points

Posted: 04 Dec 2012 10:21 PM PST

The BSE Sensex trimmed its initial gains, but was still trading up by 40 points in the late morning trade on buying mainly in metal, realty, capital goods and banking counters on the back of persistent capital inflows from foreign funds coupled with strong Asian cues.


Sensex trims initial gains, still up by 40 points

Posted: 04 Dec 2012 10:21 PM PST

The BSE Sensex trimmed its initial gains, but was still trading up by 40 points in the late morning trade on buying mainly in metal, realty, capital goods and banking counters on the back of persistent capital inflows from foreign funds coupled with strong Asian cues.


Service sector growth at 13-month low

Posted: 04 Dec 2012 10:17 PM PST

India's services sector growth declined in November, the lowest pace in 13 months, as new business grew at a slower clip, says an HSBC survey.


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