News 1st Look: Sensex up 194 points in early trade

Monday, December 10, 2012

Sensex up 194 points in early trade

Sensex up 194 points in early trade
Rupee up 19 paise against dollar
Bloomberg weighs buying Financial Times
Car sales dip 8% in Nov on high interest rates
China’s auto co GWM eyes India
US co Cargill buys Wipro’s Sunflower Vanaspati
Finance minister looks at 70,000cr bonanza
Wipro sells Sunflower Vanaspati brand to Cargill
Rupee ends stable at 54.48 in line with local stocks
Sensex closes 14 points down
Tata Housing not to pull out of Maldives
Gold up by Rs 85 on seasonal demand
Rupee loses initial gains, up 10 paise
Sensex trims early gains, still up 21 points

Posted: 10 Dec 2012 08:34 PM PST

The BSE benchmark Sensex today recovered by over 194 points in early trade on fresh buying by funds and retailers on expectations of a rate cut by the Reserve Bank in its monetary policy review next week.

Rupee up 19 paise against dollar

Posted: 10 Dec 2012 08:32 PM PST

A higher opening in the domestic equity market and strengthening of euro against the dollar overseas supported the rupee

Bloomberg weighs buying Financial Times

Posted: 10 Dec 2012 03:05 PM PST

New York City Mayor Michael Bloomberg is weighing up whether to make a bid for The Financial Times Group, which includes the namesake paper and a half interest in The Economist magazine, the New York Times reported, citing three people close to the mayor.

Car sales dip 8% in Nov on high interest rates

Posted: 10 Dec 2012 02:58 PM PST

Winter chill has come to haunt the auto industry as car sales fell 8% in November, hit by an uncertain economic climate and high interest rates. And, the going looks even tougher, according to car industry executives and analysts.

China’s auto co GWM eyes India

Posted: 10 Dec 2012 02:48 PM PST

Chinese car and SUV maker Great Wall Motor Co (GWM) is looking to enter the Indian market, making it one of the first major company from the neighbouring giant to set up independent manufacturing operations here.

US co Cargill buys Wipro’s Sunflower Vanaspati

Posted: 10 Dec 2012 02:46 PM PST

Wipro has sold its Sunflower Vanaspati brand to US food processing company Cargill.

Finance minister looks at 70,000cr bonanza

Posted: 10 Dec 2012 02:40 PM PST

he finance ministry is looking to shave off nearly 5% or around Rs 70,000 crore from its budgeted expenditure for the year by insisting that government departments release funds only after accounting for money released earlier and ensuring that they do not bunch spending in the last quarter.

Wipro sells Sunflower Vanaspati brand to Cargill

Posted: 10 Dec 2012 08:23 AM PST

Sunflower Vanaspati, made out of 100% edible vegetable oil and enriched with soya oil, also hugely popular in Maharashtra and Madhya Pradesh was sold to US food processing company, Cargill

Rupee ends stable at 54.48 in line with local stocks

Posted: 10 Dec 2012 04:59 AM PST

The rupee today closed marginally down at 54.48 against the US currency amid flat stock markets and recovery in dollar against major world currencies.

Sensex closes 14 points down

Posted: 10 Dec 2012 03:11 AM PST

In choppy trade, the BSE benchmark sensex today ended almost flat after gains in HDFC, Cipla and Wipro were offset by losses in TCS, Reliance Industries and ICICI Bank amid a weak trend in European markets.

Tata Housing not to pull out of Maldives

Posted: 10 Dec 2012 01:55 AM PST

Tata Housing Development Company has ruled out pulling out of Maldives and is discussing with the government there regarding an alternate site for a housing project.

Gold up by Rs 85 on seasonal demand

Posted: 10 Dec 2012 01:49 AM PST

Traders said the precious metals remained in demand for the third straight day on sustained buying by stockists for the ongoing heavy marriage season.