Thursday, January 3, 2013

Rupee down 33 paise vs dollar

Rupee down 33 paise vs dollar

Rupee down 33 paise vs dollar

Posted: 03 Jan 2013 08:28 PM PST

The rupee today weakened by 33 paise to 54.83 against the dollar in early trade at the Interbank Foreign Exchange market due to increased demand for the US currency from importers amid firm global cues.

Sensex down 43pts in early trade on profit booking

Posted: 03 Jan 2013 08:26 PM PST

The BSE benchmark sensex today fell by over 43 points to 19,721.49 in early trade, snapping its three-session winning streak, as funds and retail investors booked profits amid a mixed trend in the Asian region.

US court dismisses claims against ex-Satyam directors

Posted: 03 Jan 2013 03:03 PM PST

A US court has dismissed claims made in a class action lawsuit against seven former directors of Indian IT firm Satyam Computers saying the directors were themselves "victims of the fraud" and the shareholder suit fails to adequately prove allegations of fraud and negligence against them.

Montek for coal sector privatization

Posted: 03 Jan 2013 03:01 PM PST

Planning commission deputy chairman Montek Singh Ahluwalia has made a strong pitch for privatization of the coal sector to meet the growing coal demand from the industry.

Stiglitz against central bank independence

Posted: 03 Jan 2013 11:45 AM PST

Two times Nobel prize winner Joseph Stiglitz has made a strong case of limiting independence of central banks a few minutes after RBI governor D Subbarao argued for more freedom in his speech introducing the laureate.

Insurers gear up for collective bargaining

Posted: 03 Jan 2013 11:42 AM PST

Insurance companies are set do some collective bargaining with hospitals to bring down cost of treatment for surgical packages.

Subbarao seeks more autonomy

Posted: 03 Jan 2013 11:41 AM PST

Reserve Bank of India governor D Subbarao has sought to deflect some of the pressure on his institution calling for greater independence for central banks and stating that central banks cannot fix the problems of the economy on their own.

Vanitha Narayanan as IBM India MD

Posted: 03 Jan 2013 07:49 AM PST

IBM has appointed Vanitha Narayanan as managing director of IBM India. She takes over from Shanker Annaswamy who will continue to remain in IBM as the senior advisor to the corporation on India Enterprise.

Jet in talks with Etihad for stake sale

Posted: 03 Jan 2013 04:34 AM PST

The first investment by a foreign carrier in an Indian airline could be on the anvil with Jet Airways today announcing it was in talks with Abu Dhabi-based carrier Etihad for a possible stake sale.

Rupee extends losses as oil firms buy dollars

Posted: 03 Jan 2013 03:57 AM PST

Rupee extends losses to 54.52/53 versus its previous close of 54.35/36 as oil firms step up purchases of the greenback.

Gold decline on US budget deal 'hangover'

Posted: 03 Jan 2013 03:37 AM PST

In a volatile trade, gold today declined as investors weighed the prospects for more stimulus measures from central banks against a stronger dollar curbing demand for bullion as an alternate investment.

Sensex continues rising streak, up 51 points

Posted: 03 Jan 2013 03:20 AM PST

The BSE benchmark Sensex on Thursday ended 51 points higher and Nifty closed above 6,000 level for the first time in two years led by IT and refinery stocks amid firming global trend.

Sensex trades flat, oil and gas stocks rally

Posted: 03 Jan 2013 12:49 AM PST

A benchmark index for Indian equities markets was trading flat in Thursday's afternoon session. Oil and gas, information technology and metal stocks gain.

Maruti's December sales rise 3%

Posted: 02 Jan 2013 11:43 PM PST

The country's largest car maker Maruti Suzuki India (MSI) today reported 3.24% increase in its total sales at 95,145 units in December 2012.

Mukesh Ambani 18th richest man in world: Report

Posted: 02 Jan 2013 09:31 PM PST

Indian business magnate Mukesh Ambani is the 18th richest person in the world with a personal wealth of $24.7 billion in 2012, according to the Bloomberg Billionaires Index, a daily ranking of the world's 100 wealthiest individuals.

Tata group to invest over Rs 45k cr in 2 yrs: Mistry

Posted: 02 Jan 2013 10:49 AM PST

The Tata group will invest more than Rs 45,000 crore on various businesses over next two years and would look to expand its presence in global markets besides in India, the group's new chief Cyrus P Mistry on Wednesday said.
Posted by Harshad at 9:09 PM

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