Monday, January 23, 2012

Rupee hits 10-week high on inflows

Rupee hits 10-week high on inflows

Rupee hits 10-week high on inflows

Posted: 23 Jan 2012 08:01 PM PST

The Indian rupee strengthened past 50 to the dollar for the first time in 10 weeks on Tuesday, aided by foreign fund inflows into local stocks and debt.

India-EU FTA unlikely in Feb 10 meet

Posted: 23 Jan 2012 04:42 PM PST

An anticipated free-trade agreement (FTA) is not likely to be signed during the India-EU summit on February 10.

IndiGo may go in for widebody A-330

Posted: 23 Jan 2012 04:29 PM PST

India's largest LCC Indi-Go , which currently operates and has on order the single aisle Airbus A-320 , is considering induction of the twin aisle Airbus A-330 into its fleet.

Maruti Suzuki Q3 net slides 64%

Posted: 23 Jan 2012 04:18 PM PST

Car major Maruti Suzuki failed to follow two-wheeler companies in reporting strong earnings in the third quarter as forex losses and lower sales depressed its year-on-year profit by 64%.

‘Govt adding to inflationary pressure’

Posted: 23 Jan 2012 04:10 PM PST

The Reserve Bank of India has blamed the government for adding to inflationary pressures by living beyond its means and has urged the centre to push for reforms to achieve a turnaround in 2012-13 .

Morgan Stanley tops India deal show

Posted: 23 Jan 2012 04:05 PM PST

Morgan Stanley advised transactions worth $11.2 billion , with 29.4% share of the deals by value, according to data from Thomson Reuters.

Inflation risks persist, growth weak: RBI

Posted: 23 Jan 2012 05:33 AM PST

The Reserve Bank of India said the growth outlook and business climate have weakened but warned of upward risks to inflation, a day before it is widely expected to keep policy interest rates on hold.

Sensex ends flat ahead of RBI meet

Posted: 23 Jan 2012 03:23 AM PST

The Bombay Stock Exchange benchmark Sensex on Monday ended on a flat note, up barely 13 points, ahead of RBI monetary policy review on Tuesday and selling in the heavyweight RIL on dip in its third quarter profits.

Budget session likely from March second week

Posted: 23 Jan 2012 03:23 AM PST

The budget session of parliament is likely to begin from the second week of March, informed sources said on Monday.

Silver down by Rs 3300, gold up by Rs 95

Posted: 23 Jan 2012 02:15 AM PST

Snapping a six-day rally, silver today tumbled by Rs 3,300 to Rs 52,200 per kg today on reduced offtake by industrial units at existing higher levels.

Maruti Q3 net down 64%

Posted: 23 Jan 2012 01:25 AM PST

Maruti Suzuki, the country's biggest carmaker, posted a 64% decline in net profit in the third quarter of this fiscal due to lower sales and sluggish market conditions.

Colgate Q3 net zooms 74.5% to Rs115.58cr

Posted: 23 Jan 2012 12:32 AM PST

Boosted by strong volume growth in the toothpaste category, Colgate-Palmolive today posted a 74.48% jump in its net profit to Rs 115.58 crore in the quarter ended December 31, 2011.

Will pay VAT on sale of gas in UP: RIL

Posted: 22 Jan 2012 11:53 PM PST

Reliance Industries Ltd assured the Supreme Court that it would start paying Value Added Tax (VAT) to UP govt on sale of gas in the state from February one.

NTPC to tie up funds for Sri Lanka project by Sept

Posted: 22 Jan 2012 10:45 PM PST

NTPC Ltd, India's No. 1 power utility, expects to tie up funds for its 500 megawatts (MW) joint venture power project in Sri Lanka by September, Chairman Arup Roy Choudhury said.

Kuwait's India portfolio under 5 local fund houses

Posted: 22 Jan 2012 10:41 PM PST

Kuwait Investment Authority (KIA), the Gulf state's sovereign wealth fund, has selected five domestic mutual fund houses to manage its India equity portfolio.

Rupee up aided by dollar inflows

Posted: 22 Jan 2012 09:58 PM PST

The Indian rupee was stronger on Monday aided by dollar inflows that offset choppy local shares, though dealers said, importers' demand for the greenback could put a lid on the gains.
Posted by Harshad at 9:03 PM

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