Monday, December 27, 2010

Rupee up 7 paise against US dollar

Rupee up 7 paise against US dollar


Rupee up 7 paise against US dollar

Posted: 27 Dec 2010 08:52 PM PST

The Indian rupee gained 7 paise to Rs 45.17 against the US dollar in early trade led by a higher opening in the stock market and weakness of the American currency against its major global rivals.


Sensex 61 pts up in morning session

Posted: 27 Dec 2010 08:30 PM PST

The Bombay Stock Exchange benchmark Sensex opened over 61 points higher today on the back of selective buying by funds and retail investors.


New telecom gear norms by Feb: DoT

Posted: 27 Dec 2010 05:33 PM PST

The Department of Telecommunications, or DoT, has decided to extend the existing dual process being followed for security clearance of telecom equipment while promising closure on the contentious telecom equipment security issue by February.


A one-time password to shop using phone

Posted: 27 Dec 2010 05:32 PM PST

Come Jan 1, and you will have to provide another password for credit card transactions done over phone. But unlike other passwords and PINs, the new requirement will be a one-time password.

Pending reforms may get back on track next year

Posted: 27 Dec 2010 05:23 PM PST

"We have become complacent. Everyone is assuming that India will grow at 9% forever even if there are no reforms," says a senior official in a key ministry.


Focus Energy's airstrip plan grounded

Posted: 27 Dec 2010 05:12 PM PST

Hunting for oil has never been an easy job. But heightened security concerns appear to be adding to the difficulties of exploration in acreages along the borders, or in offshore areas.

RBI puts more curbs on Iran deals

Posted: 27 Dec 2010 05:10 PM PST

The Reserve Bank of India (RBI) on Monday imposed further restrictions on transactions with Iran, saying all current account transactions including trade deals with the west Asian country should be settled outside the Asian Clearing Union (ACU).

ONGC to up stake in Pawan Hans

Posted: 27 Dec 2010 05:08 PM PST

Public sector explorer ONGC has decided to increase its stake in Pawan Hans Helicopters from its current holding of 21.5% to 49% by infusing an additional Rs 96 crore.

US stocks slide on Chinese rate hike

Posted: 27 Dec 2010 08:31 AM PST

Markets in snow-battered New York opened down Monday as China's decision to further hike interest rates soured the festive mood.


Rupee ends 12 paise down against dollar

Posted: 27 Dec 2010 06:36 AM PST

Paring its early gains, the rupee today lost 12 paise to close at 45.24/25 against the US currency due to late dollar buying by banks and importers amid weak equity markets.


China's major firms make stunning 50% profits

Posted: 27 Dec 2010 06:16 AM PST

Major Chinese companies have clocked astounding year on year profits of nearly 50% in the first 11 months of 2010, the National Bureau of Statistics said on Monday while reporting the performance of 39 companies with annual revenue exceeding five billion yuan ($754 million).


BSE launches Islamic index

Posted: 27 Dec 2010 05:56 AM PST

The Bombay Stock Exchange along with Taqwaa Advisory and Shariah Investment Solutions launched a Shariah compliant index on Monday in an effort to attract more investors from India and abroad.


Rupee weakens in thin trade on oil demand

Posted: 27 Dec 2010 04:44 AM PST

The rupee reversed early gains and slipped on Monday as dollar demand from oil firms and importers outweighed the positive sentiment due to weakness in the US unit versus major currencies overseas.


Sensex closes 45 points down

Posted: 27 Dec 2010 03:17 AM PST

Erasing initial gains, the Bombay Stock Exchange benchmark Sensex on Monday fell nearly 45 points on emergence of profit-booking amid weak market openings in the European region.


Inflation may continue to trouble in 2011: Assocham

Posted: 27 Dec 2010 02:58 AM PST

Industry chamber Assocham on Monday said that 2011 may witness continuation of high inflationary pressures, a view contrary to the government that expects inflation to slow down to around 6 per cent by March next year.


Air India seeks Rs20bn from govt for FY 2012

Posted: 27 Dec 2010 02:32 AM PST

State-run carrier Air India has sought an additional Rs 20 billion from the government for FY 2012, aviation minister Praful Patel said on Monday.


Rupee up by 7 paise against US dollar

Posted: 26 Dec 2010 10:19 PM PST

The Indian rupee was up 7 paise at Rs 45.05 per US dollar in early trade on Monday on sustained selling of the American currency by banks and corporates amid firm domestic equity markets.


Sensex up 86 points on global cues

Posted: 26 Dec 2010 08:36 PM PST

The BSE benchmark Sensex rose by over 86 points in opening trade on Monday, with metal, technology and oil and gas sector stocks leading the gains amid a mixed trend in Asia.


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