Rupee hits fresh 32-month low |
- Rupee hits fresh 32-month low
- Sensex extends losses, down 191 pts
- 'Misjudging inflation hurting govt'
- 27% of GSM spectrum serves less than 5% users
- ITC to take 2 yrs to launch a dairy brand
- IGI leaves Mumbai airport way behind
- Bidding invited for freight corridor
- Realty giants stall mall projects
- India's forex reserves drop by $326 mn
- Oil ministry sanctions 'scrupulous' action against RIL
- Now, foreign investors warn against 'policy paralysis'
| Posted: 20 Nov 2011 08:36 PM PST The Indian rupee fell by 16 paise to a 32-month low of Rs 51.50 per US dollar in early trade on the Interbank Foreign Exchange on Monday on sustained demand for the American currency from banks and importers. 
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| Sensex extends losses, down 191 pts Posted: 20 Nov 2011 08:28 PM PST The 30-share index, which has lost 1,198.02 points over the past seven sessions, fell further by 191.22 points, or 1.16 per cent, to 16,180.29 in the first five minutes of trade on Monday. 
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| 'Misjudging inflation hurting govt' Posted: 20 Nov 2011 05:39 PM PST Spiralling inflation has harmed the government's credibility, Planning Commission deputy chairman Montek Singh Ahluwalia admitted. 
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| 27% of GSM spectrum serves less than 5% users Posted: 20 Nov 2011 04:40 PM PST More than a quarter of the total GSM spectrum allocated serves less than 5% mobile subscribers in India. 
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| ITC to take 2 yrs to launch a dairy brand Posted: 20 Nov 2011 04:36 PM PST Companies operating in the dairy space can relax for a while. Cigarette-to-hotels major ITC will take about two years to launch a dairy brand, which will most likely be under a new brand name. 
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| IGI leaves Mumbai airport way behind Posted: 20 Nov 2011 03:42 PM PST Though passenger traffic in Delhi was only 1.4% higher than Mumbai and flight movements higher by 11.6% in 2010, industry experts say the gap between the two airports will only widen. 
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| Bidding invited for freight corridor Posted: 20 Nov 2011 03:01 PM PST The 625-km stretch of western corridor is part of the Rs 70,000 crore project which aims to build new rail tracks for seamless running of freight trains at speeds of 100 km per hour. 
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| Realty giants stall mall projects Posted: 20 Nov 2011 11:08 AM PST Big mall openings may pause with new projects drying up in the next one year after cash-strapped real estate developers rolled back investments into glitzy shopping complexes, leaving some retailers worried about their expansion plans. 
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| India's forex reserves drop by $326 mn Posted: 20 Nov 2011 12:33 AM PST India's foreign exchange reserves fell by $326 million to $314.34 billion for the week ended Nov 11, declining sharply for the second straight week due to a slump in the value of foreign currency assets, official data showed. 
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| Oil ministry sanctions 'scrupulous' action against RIL Posted: 19 Nov 2011 11:52 PM PST In an unprecedented move, the oil ministry has sanctioned taking "scrupulous" action against Reliance Industries for natural gas output from its KG-D6 fields falling below the target. 
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| Now, foreign investors warn against 'policy paralysis' Posted: 19 Nov 2011 11:51 PM PST After corporate leaders, leading foreign investors, rating agencies and research firms have raised the red flag over the notion about 'policy paralysis' and a slow pace of economic reforms in the country. 
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