Wednesday, February 23, 2011

Rupee sheds 14 paise against dollar

Rupee sheds 14 paise against dollar

Rupee sheds 14 paise against dollar

Posted: 23 Feb 2011 08:33 PM PST

The rupee fell by 14 paise to Rs 45.26 per US dollar in early trade at the Interbank Foreign Exchange today on sustained demand for the American currency and dollar gains overseas.

Vietnam rejects 50,000-tonne Indian corn, soymeal cargoes

Posted: 23 Feb 2011 08:29 PM PST

Vietnamese plant protection authorities have insisted that the owners of 50,000 tonnes of Indian corn and soymeal re-export the cargoes, which were found to be infested with insects, traders said on Thursday.

Sensex opens 90 points lower

Posted: 23 Feb 2011 08:08 PM PST

The BSE benchmark Sensex fell by 90 points in opening trade today on sustained selling by foreign funds amid a weak trend in other Asian markets and current month contract expiry in the derivatives segment.

Crude oil prices at multi-year highs on Middle East turmoil

Posted: 23 Feb 2011 07:34 PM PST

Oil hit two-year highs in Asian trade today as turmoil continued to wrack the Middle East and threatened to spread to other bigger oil producers in the region, analysts said.

International Tractors in talks with Argentine co

Posted: 23 Feb 2011 02:04 PM PST

Delhi-based tractor company International Tractors (maker of the Sonalika brand of tractors) is in advanced negotiations with Argentina-based company Apache for a collaboration.

RBI may give its nod for FIIs to invest in CDS

Posted: 23 Feb 2011 02:02 PM PST

Foreign institutional investors may soon be allowed to buy protection against default on their debt investments.

RBI may give its nod for FIIs to invest in CDS

Posted: 23 Feb 2011 02:02 PM PST

Foreign institutional investors may soon be allowed to buy protection against default on their debt investments.

RBI postpones move to regulate bank CEO pay

Posted: 23 Feb 2011 02:01 PM PST

Foreign and private banks have got a temporary respite on the issue of CEO compensation. Reserve Bank of India has said that it had decided to postpone its move to regulate bank CEO salaries by a year.

NRN fund set to invest Rs 200 crore in Manipal

Posted: 23 Feb 2011 01:59 PM PST

Infosys Technologies chairman N R Narayana Murthy's Catamaran Venture Fund is set to invest Rs 200 crore, or $44 million, for a small stake in Manipal Universal Learning.

RPG may give up $1bn Evonik bid

Posted: 23 Feb 2011 01:55 PM PST

RPG Group's bid to acquire Germany-based Evonik Industries' $1.2-billion carbon black business is falling apart after the Kolkata-based conglomerate's talks to forge a joint bid with private equity (PE) partners failed, banking sources directly familiar with the development said.

GAIL to pay 738 cr to settle RIL dispute

Posted: 23 Feb 2011 01:19 PM PST

After four years of arbitration, state-run utility GAIL is going in for an amicable settlement of a Rs 738-crore gas price dispute with UK major BG (British Gas) and Mukesh Ambani's Reliance Industries.

ICICI, HDFC Bank loans get costlier

Posted: 23 Feb 2011 01:01 PM PST

Mumbai: The country's largest and second largest private lenders on Wednesday increased their benchmark lending rates, making loans more expensive...

Bullish on silver, advice is buy more

Posted: 23 Feb 2011 12:08 PM PST

While the Jasmine Revolution sweeping West Asia and parts of North Africa have added to the rising graph, silver, unlike gold, also has significant industrial use. It is, therefore, not surprising that higher economic activity in most parts of the world is driving demand for the metal.

India likely to be world's largest economy by 2050: Citi

Posted: 23 Feb 2011 04:31 AM PST

"China should overtake the US to become the largest economy in the world by 2020, then be overtaken by India by 2050," financial services group Citi said in the report.

FY11 exports seen at $225 bln: India trade ministry

Posted: 23 Feb 2011 03:21 AM PST

India's exports in the current fiscal year to March 2011 is seen at $225 billion, Trade Minister Anand Sharma said on Wednesday.

Sensex closes 112 points lower

Posted: 23 Feb 2011 02:30 AM PST

A benchmark index for Indian equities markets on Wednesday closed 112 points lower as selling intensified in the last hour of trade.

Anil Ambani meets Maharashtra CM

Posted: 22 Feb 2011 10:56 PM PST

Industrialist Anil Ambani met Maharashtra CM Prithviraj Chavan in the backdrop of reports that the MSRDC was mulling a coastal road from Worli to Haji Ali and from Haji Ali to Nariman Point.

Rupee down by 8 paise against dollar in early trade

Posted: 22 Feb 2011 10:37 PM PST

The Indian rupee was down by 8 paise at 45.35 per US dollar in early trade on Wednesday amid month-end dollar demand from banks and importers and dollar gains overseas.

Tough measures by India would affect biz: BlackBerry

Posted: 22 Feb 2011 10:23 PM PST

RIM, which has already given the Indian authorities access to its consumer services since January, is unwilling to bend on its enterprise emails in the world's fastest growing mobile market.

Sensex flat amid choppy trade

Posted: 22 Feb 2011 10:12 PM PST

By 10:22 am, the 30-share BSE index was trading up 0.29 per cent at 18,350.09 points, having turned briefly negative earlier, with 18 of its components gaining.

Sensex flat on weak Asian cues

Posted: 22 Feb 2011 09:23 PM PST

The Bombay Stock Exchange benchmark Sensex moved to the positive zone after it opened 45 points lower on Wednesday as foreign funds reduced their holdings in Indian blue-chip companies amid unrest in the Middle East and a weakening Asian trend.
Posted by Harshad at 9:13 PM

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