Wednesday, November 30, 2011

Sensex gains 590 points in opening trade

Sensex gains 590 points in opening trade


Sensex gains 590 points in opening trade

Posted: 30 Nov 2011 08:35 PM PST

The BSE sensex shot up by more than 590 points in opening trade on Thursday, while the NSE Nifty regained the 5,000 points level on the back of a firming trend in global market.


GDP figures a wake-up call: Anand Mahindra

Posted: 30 Nov 2011 03:52 PM PST

The manufacturing sector, which accounts for nearly 16% of the country's GDP, remained sluggish growing by 2.7% in September compared to 7.8% expansion in the same year-ago quarter and 7.2% growth in the April-June quarter.


'GDP figures a wake-up cal'

Posted: 30 Nov 2011 03:52 PM PST

The manufacturing sector, which accounts for nearly 16% of the country's GDP, remained sluggish growing by 2.7% in September compared to 7.8% expansion in the same year-ago quarter and 7.2% growth in the April-June quarter.


AAI may put KF on cash-and-carry

Posted: 30 Nov 2011 03:50 PM PST

Airports Authority of India (AAI) has issued a notice to Kinfisher Airlines for putting it on cash-and-carry from Thursday due to continued non-payment .


NRIs see arbitrage play in rupee deposits

Posted: 30 Nov 2011 03:41 PM PST

With domestic interest rates hardening even as fixed income returns fall globally , there is a sudden spurt in remittances from non-resident Indians (NRIs) seeking to arbitrage between local and international rates.


Packaging hiccups forced Miller buyback

Posted: 30 Nov 2011 12:41 PM PST

Global brewing giant SABMiller bought back some stocks of Miller High Life beer after its international flagship brand faced packaging hiccups during the India rollout.


GDP growth slows to 6.9% in Q2

Posted: 30 Nov 2011 10:42 AM PST

The economy grew at its slowest in more than two years in the July-September quarter as the impact of high interest rates, stubborn inflation, policy delays and a weak global economy hurt expansion dragging growth below the 7% mark.


Infra sector growth slows to 5-year low in October

Posted: 30 Nov 2011 08:35 AM PST

Led by decline in output of coal, the eight key infrastructure industries registered a dismal growth of 0.1 per cent in October, the lowest in last five years.


US stocks jump 3% on central banks' move

Posted: 30 Nov 2011 08:32 AM PST

US stocks jumped three percent in early trade on Wednesday after a joint move by major central banks to ensure that the global financial system could weather the severe stress in the eurozone.


Rupee down 18 paise against US dollar

Posted: 30 Nov 2011 04:58 AM PST

The rupee today declined by 18 paise to close at 52.20/21 against the US dollar on sustained demand from importers for the US currency amid signs of continued capital outflows.


Sensex closes 115 pts up on value buying

Posted: 30 Nov 2011 02:57 AM PST

After losing 115 points, Sensex bounced back to close 115.12 points, or 0.72 per cent, up at 16,123.46 led by refinery and IT stocks.


GDP growth dips to 6.9% in Q2

Posted: 29 Nov 2011 11:00 PM PST

The Indian economy grew at the slowest pace in over two years at 6.9 per cent in the quarter ended September, official data showed Wednesday, amid a slowdown in demand, high inflation and steep interest rates.

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