Monday, October 3, 2011

Asian markets lower on Greek debt fears

Asian markets lower on Greek debt fears

Asian markets lower on Greek debt fears

Posted: 03 Oct 2011 08:40 PM PDT

Asian stock markets extended a sell-off on Tuesday, following a dismal session on Wall Street that was sparked by the revelation that debt-strapped Greece would not be able to reach a target for reducing its budget deficit.

Air traffic rises 20% in India

Posted: 03 Oct 2011 06:16 PM PDT

India witnessed the highest growth in domestic air passenger traffic this August registering almost a 20% rise, even though the growth in international traffic slowed down worldwide.

Govt mulls 100% FDI in single-brand retail

Posted: 03 Oct 2011 06:13 PM PDT

The government is considering opening fully its single-brand retail sector to foreign direct investments, the industry secretary said on Monday, a possible boon to the government's reform programme which has appeared on the backburner.

Apple loses to BlackBerry in Indian market

Posted: 03 Oct 2011 06:06 PM PDT

Apple, the world's largest smartphone maker, is having trouble selling iPhones in India, a market with 602 million active subscribers.

After 8 months, ONGC gets new chairman

Posted: 03 Oct 2011 06:04 PM PDT

State-run Oil and Natural Gas Corporation finally has a full-time head in Sudhir Vasudeva, the man in charge of the company's offshore operations, who took over the reins on Monday.

Nokia elevates India chief to global role

Posted: 03 Oct 2011 05:44 PM PDT

The world's largest mobile handset maker Nokia has undertaken a global realignment of its top management which will impact its India business.

Greek gloom rocks markets, troubles lenders

Posted: 03 Oct 2011 08:42 AM PDT

Greece's admission that it will miss its deficit target this year despite harsh new austerity measures sent stock markets reeling on Monday and raised new doubts over a planned second international bailout.

Gambling stocks crash in China

Posted: 03 Oct 2011 05:45 AM PDT

The Hong Kong stock exchange threw up two major surprises including a sudden crash in shares of casinos, which usually have a good run. Stocks of the China Railway Group Ltd., builder of two-thirds of the China's rail tracks, also slid to a record low in Hong Kong trading.

Sensex tumbles 302 pts on weak global cues

Posted: 03 Oct 2011 04:52 AM PDT

The BSE benchmark sensex tumbled 302 points on heavy selling in blue-chips led by RIL and banking stocks on investor anxiety over corporate earnings.

India records highest growth in domestic air traffic

Posted: 03 Oct 2011 04:02 AM PDT

India witnessed the highest growth in domestic air passenger traffic this August registering almost a 20% rate, even though the growth in international traffic slowed down worldwide.

Gold gains Rs 350, silver Rs 500

Posted: 03 Oct 2011 03:35 AM PDT

Both gold and silver moved up today on buying by stockists and jewellers to meet the festival demand, amid a firming trend in Asia.

Rupee down by 59 paise vs dollar

Posted: 03 Oct 2011 01:04 AM PDT

The rupee fell by 59 paise to Rs 49.55 per US dollar in early trade today amid persistent dollar demand from banks and importers in view of dollar firmness in overseas markets.

India's Aug exports up 44%: Govt

Posted: 02 Oct 2011 11:13 PM PDT

India's August exports rose 44.25 per cent to $24.3 billion from a year earlier, while imports for the month rose 41.82 per cent to $38.4 billion, leaving a trade deficit of $14 billion, government data showed.

Sensex down on weak Asian trend

Posted: 02 Oct 2011 10:37 PM PDT

The sensex was down by 333 points as Asian shares slumped amid rising fears of a Greek sovereign default and worries over China's economy.
Posted by Harshad at 9:02 PM

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