Tuesday, January 17, 2012

RIL scrips up, TCS down

RIL scrips up, TCS down


RIL scrips up, TCS down

Posted: 17 Jan 2012 10:04 PM PST

Shares were little changed on Wednesday as investors weighed up results from the country's biggest software services firm, while energy conglomerate Reliance Industries and airline stocks rallied.


Gold futures down 0.34% on global cues

Posted: 17 Jan 2012 09:46 PM PST

Gold prices declined by Rs 94, or 0.34%, to Rs 27,494 per 10 grams in futures trade today in tandem with a weakening global trend amid pbbooking by speculators.


Rupee at 2-month high; gains 16 paise Vs dollar

Posted: 17 Jan 2012 08:37 PM PST

The rupee strengthened by 16 paise to a fresh two-month high of Rs 50.57 per US dollar in early trade on the Interbank Foreign Exchange on Wednesday on increased foreign capital inflows.


Sensex gains 44pts in early trade

Posted: 17 Jan 2012 08:33 PM PST

The BSE benchmark sensex rose by nearly 44 points in early trade today on sustained buying by funds and retail investors.


Maruti to go slow on Gujarat project: Nakanishi

Posted: 17 Jan 2012 04:02 PM PST

Its intention to enter Gujarat may have created a flutter, but car market leader Maruti Suzuki looks to be going slow on the project and will begin construction of factory only in 2013-14 , company MD Shinzo Nakanishi said.


HCL Tech net rises 43% to Rs 573 crore

Posted: 17 Jan 2012 03:56 PM PST

IT major HCL Technologies (HCLT) reported revenues at Rs 5,245 crore in the October-December quarter, up 34.9% over the previous year and 13.8% sequentially.


TCS Q3 net profit up 18% at Rs 2,803 crore

Posted: 17 Jan 2012 03:54 PM PST

The country's largest software services exporter Tata Consultancy Services (TCS) on Tuesday reported an 18.26% jump in consolidated net profit to Rs 2,803 crore for the quarter ended December, 2011.


AI to get Rs 150 crore to pay part of salary dues

Posted: 17 Jan 2012 03:52 PM PST

The government on Tuesday said it will release Rs 150 crore for cashstrapped Air India so that the airline is able to pay a part of due salaries to employees.


Re drop makes realty attractive for NRIs

Posted: 17 Jan 2012 03:49 PM PST

The cheaper rupee and deep discounts offered by developers through these portals has triggered a substantial jump in property-related enquiries from NRIs.


China banks lend RCOM $1.2bn

Posted: 17 Jan 2012 03:45 PM PST

In a positive move for the debt-laden telecom major , Reliance Communications (RCOM) has tied up with a clutch of Chinese banks to refinance the maturity value of its outstanding FCCBs .


We are clear we aren’t exiting: Sigve Brekke

Posted: 17 Jan 2012 03:38 PM PST

Sigve Brekke, managing director of Unitech Wireless (Tamil Nadu) that operates under the Uninor brand discusses the partnership with Unitech and the way forward.


Govt set to allow 49% FDI in domestic airlines

Posted: 17 Jan 2012 03:32 PM PST

In a major relief to financially distressed Indian airlines, the government on Tuesday said foreign airlines would soon be allowed to acquire up to 49% stake in them.


Import duty up, gold jewels to cost more

Posted: 17 Jan 2012 03:28 PM PST

Gold and silver jewellery are set to cost more with the government increasing the import duty on precious metals from Tuesday.


Nokia, Tata are most trusted brands in India

Posted: 17 Jan 2012 07:22 AM PST

Nokia, Tata and LG are amongst most trusted brands in India, said a survey revealed today.


HDFC 'Harvard Business Review' elite list

Posted: 17 Jan 2012 06:43 AM PST

The list is based on a survey, 'How the growth outliers do it', that covered 2,347 organisations, all with market capitalisation of USD 1 billion.


China policy easing ahead as growth dips

Posted: 17 Jan 2012 05:30 AM PST

China's economy expanded at its weakest pace in 2-1/2 years in the latest quarter, with the sagging real estate and export sectors heralding a sharper slowdown in coming months and fresh pro-growth measures from the government.


Sensex up 277 pts on FII inflows

Posted: 17 Jan 2012 04:41 AM PST

The BSE Sensex shot up to over 5-week high of 16,466.05 on Tuesday, up 277 points on strong buying by foreign funds amid indications that the economy may grow faster in the coming months and firm markets overseas.


Tata Consultancy Q3 profit up 23%

Posted: 17 Jan 2012 04:31 AM PST

Tata Consultancy Services Ltd (TCS), India's top software services exporter, reported a 23 percent rise in quarterly profit, meeting market estimates, as it won new outsourcing orders and a weaker rupee boosted margins.


Rupee hits 2-month high as risk appetite improves

Posted: 17 Jan 2012 04:28 AM PST

The rupee hit a two-month high on Tuesday, propelled by dollar inflows and strong China growth data. The rupee rose 1.24% to end at 50.73/74 to the dollar.


Sensex closes 254 points higher

Posted: 17 Jan 2012 02:20 AM PST

A benchmark index for Indian equities markets provisionally closed 254 points higher on Tuesday, helped by positive global cues.


RIL may ask govt for investment refund

Posted: 17 Jan 2012 02:17 AM PST

Reliance Industries may ask the government for a refund of its investment if it is forced to give up any part of the prolific KG-D6 block as it has spent a huge sum of money on exploration after obtaining necessary permission to retain the entire 7,645-sq km area.


Gold, silver extend gains on firm demand

Posted: 17 Jan 2012 01:33 AM PST

Gold prices firmed up by Rs 35 to trade at Rs 27,925 per ten grams at bullion market here today on sustained buying by stockists.


RBI unlikely to cut rates soon:Experts

Posted: 17 Jan 2012 12:43 AM PST

Inflation may have eased significantly in December bringing much needed cheer but the Reserve Bank of India (RBI) is unlikely to start its rate cutting cycle soon.


China's economic growth slows to 9.2% in 2011

Posted: 17 Jan 2012 12:43 AM PST

China said on Tuesday that its economy expanded by 9.2 per cent last year, slowing from 2010, as global turbulence and efforts to tame high inflation put the brakes on growth.


Asian cues help Sensex rise 245 pts

Posted: 17 Jan 2012 12:12 AM PST

Helped by positive Asian cues, a benchmark index for Indian equities markets was ruling about 245 points higher around noon Tuesday.


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