Thursday, February 24, 2011

Rupee gains 9 paise against dollar

Rupee gains 9 paise against dollar


Rupee gains 9 paise against dollar

Posted: 24 Feb 2011 08:32 PM PST

The rupee appreciated by 9 paise to Rs 45.39 per dollar at the Interbank Foreign Exchange today, supported by a higher opening in the stock market and dollar weakness against other currencies overseas.


Sensex climbs by 166pts

Posted: 24 Feb 2011 08:29 PM PST

The Sensex rose by over 166 points in opening trade on brisk buying of bluechips that were badly bruised in yesterday's volatile session and a firming trend on other Asian bourses.


Toyota to recall over 2m vehicles in US

Posted: 24 Feb 2011 08:24 PM PST

Toyota will make adjustments to prevent the accelerators from becoming entrapped in floor mats or becoming jammed in the carpeting around them, thus causing involuntary acceleration.


Railway stocks lose steam

Posted: 24 Feb 2011 04:55 PM PST

Stocks of companies which work with the Indian Railways usually witness a rally ahead of the Railway Budget in the last week of February.


SBI retail subscription below 4k cr

Posted: 24 Feb 2011 04:53 PM PST

Retail investors who have not yet invested in State Bank of India's high yield bonds continue to have a chance to get an allotment. Total retail subscriptions until Thursday were below Rs 4,000 crore. The issue will close for subscription on February 28.


FIIs suck out record $600 m in a day

Posted: 24 Feb 2011 04:49 PM PST

Foreign fund managers are on a "Quit India" mission this year. After pumping in over $29 billion into the Indian stock market last year, so far in 2011, the same group of investors has taken out over $3.5 billion from the secondary market.

PFRDA pulls up fund managers

Posted: 24 Feb 2011 04:42 PM PST

The pension regulator has pulled up at least four fund managers for maintaining significantly high exposure to low-rated papers in an attempt to boost returns.


Cricket apps ride World Cup wave

Posted: 24 Feb 2011 04:32 PM PST

Ravi Kumar - a cricket buff and a techie whose job entails a lot of travel - is hooked on to his mobile phone these days.


FM may raise tax exemption limit to Rs 2 lakh

Posted: 24 Feb 2011 03:01 PM PST

With an eye on improving the public mood ahead of crucial polls in five states, finance minister Pranab Mukherjee appears set to appease the middle class as well as UPA`s aam aadmi constituency.


Sensex plunges 546 pts, its biggest one-day fall in 16 months

Posted: 24 Feb 2011 03:00 PM PST

Global and local factors combined to give foreign fund investors the jitters and the markets the shivers on Thursday.

Pvt airlines owe Rs 352 crore to AAI

Posted: 24 Feb 2011 04:46 AM PST

Kingfisher owes Rs 257.62 crore to the AAI, while Jet Airways Rs 38.49 crore and its low cost arm JetLite Rs 13.96 crore, as on January 31.


Sensex tumbles 546 pts, steepest day fall in 18 months

Posted: 24 Feb 2011 04:03 AM PST

The fall was triggered by all-round selling, as investors dumped stocks on worries over rising oil prices, inflation and interest rates.


Indian shares crash 3 pct; worst in 16 months

Posted: 24 Feb 2011 03:49 AM PST

Indian shares tumbled 3 percent on Thursday in their biggest one-day fall in almost 16 months as the Libyan turmoil sent oil prices to their highest in nearly 2 and a half years and threatened global economic growth.


Banks warn of oil shortage, growth impact

Posted: 24 Feb 2011 03:36 AM PST

Major banks warned OPEC on Thursday that it needs to act as oil prices near levels that could derail economic recovery and that an output loss from another producer after Libya would lead to global shortages and demand rationing.


Sensex down by over 545 points

Posted: 24 Feb 2011 02:26 AM PST

The Bombay Stock Exchange benchmark, which opened in the negative zone, was down by 545.92 points at 17,632.41 at 15.47 hours on Thursday.


Food inflation up marginally to 11.49%

Posted: 23 Feb 2011 11:00 PM PST

Food inflation rose marginally to 11.49 per cent for the week ended February 12 from 11.05 per cent in the previous week, driven by rising prices of milk, egg, meat and vegetables.


Rupee down by 23 paise against dollar

Posted: 23 Feb 2011 09:57 PM PST

The rupee was down by 23 paise at 45.35 per US dollar in early trade today on month- end dollar demand from banks and importers amid weakness in the local equity market.


Rupee down by 23 paise against dollar

Posted: 23 Feb 2011 09:57 PM PST

The rupee was down by 23 paise at 45.35 per US dollar in early trade today on month- end dollar demand from banks and importers amid weakness in the local equity market.


Sensex sinks below 18000-level

Posted: 23 Feb 2011 09:55 PM PST

The BSE benchmark Sensex dipped below the psychological 18,000 points level in late morning trade today, shedding nearly 264 points as investors resorted to a massive sell-off amid growing unease in global markets.


Sensex down 164pts on profit-booking

Posted: 23 Feb 2011 09:38 PM PST

The Sensex was down by over 164 points in early trade on the Bombay Stock Exchange today as investors booked profits and foreign funds continued to pull out their capital amid a mixed trend in global markets.


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