Friday, January 20, 2012

RBI likely to leave rates unchanged

RBI likely to leave rates unchanged

RBI likely to leave rates unchanged

Posted: 20 Jan 2012 05:08 PM PST

Market Does Not Expect Cut In Policy Rates And CRR Before March

RIL to buy back 12 crore shares

Posted: 20 Jan 2012 05:05 PM PST

Offer Worth $2.1Bn Largest In Indian Corporate History, To Pay 870/Share

Voda's London HQ rejoices after ruling

Posted: 20 Jan 2012 04:50 PM PST

The Supreme Court judgment, rejecting I-T department's claim of Rs 11,000 crore from Vodafone triggered celebrations at its London headquarters.

Wipro net profit up 10%, guidance cheers markets

Posted: 20 Jan 2012 04:44 PM PST

IT major Wipro's financial results for the quarter ended December met analysts' expectations and the company provided a relatively cheerful guidance for the fourth quarter that pushed its stock price up on Friday.

Jet Airways posts 4th quarterly loss

Posted: 20 Jan 2012 04:59 AM PST

Jet Airways posted its fourth straight quarterly loss today, as the top Indian carrier continued to reel under higher fuel costs and lower fares but said its fund-raising plan was on track.

Rupee closes down for 1st day in 7; RBI supports

Posted: 20 Jan 2012 04:56 AM PST

The rupee fell for the first session in seven today as dollar demand from oil importers overwhelmed inflows, although suspected RBI intervention helped the currency recover smartly from the day's low.

Sensex closes 95 points up

Posted: 20 Jan 2012 03:27 AM PST

A benchmark index for Indian equities markets Friday closed 95 points higher, paring some of the initial gains as FMCG companies led by IT came under selling pressure.

Gold loses Rs 100 on global cues, silver up Rs 50

Posted: 20 Jan 2012 02:41 AM PST

Traders said sustained selling by stockists due to subdued demand at prevailing higher levels amid a weakening trend in global markets led to the decline in gold prices.

Microsoft Q2 net income $6.62bn

Posted: 20 Jan 2012 02:23 AM PST

Software major Microsoft Corp has reported a negligible decline in net income to USD 6.62 billion for the October-December quarter of 2011, even though demand for software and services remained high.

Microsoft Q2 net income $6.62bn

Posted: 20 Jan 2012 02:23 AM PST

Software major Microsoft Corp has reported a negligible decline in net income to USD 6.62 billion for the October-December quarter of 2011, even though demand for software and services remained high.

Vodafone wins Rs 11,000cr tax case

Posted: 20 Jan 2012 01:16 AM PST

The Supreme Court on Friday set aside the Bombay high court judgement asking the company to pay income tax of Rs 11,000 crore, holding that tax authorities do not have jurisdiction on an overseas transaction.

Sensex up 120 points at noon

Posted: 19 Jan 2012 11:41 PM PST

After rallying smartly in the previous session, a benchmark index for Indian equities markets was ruling 120 points higher around on Friday noon on improved investor confidence across the globe. Gainers were led by banking, consumer durables and realty stocks.

Rupee gives up gains as refiners buy dollars

Posted: 19 Jan 2012 10:49 PM PST

The rupee erased early gains on Friday hurt by dollar buying from oil refiners and importers, but losses in the greenback versus other majors kept a lid on further weakness.

Sensex shares rise; Wipro, ICICI Bank rally

Posted: 19 Jan 2012 09:47 PM PST

Indian shares climbed on Friday, led by ICICI Bank and software services exporter Wipro, on expectations for improving outlook for the domestic and world economy and rising foreign portfolio investments.
Posted by Harshad at 9:30 PM

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