Monday, January 2, 2012

Rupee up 17 paise against dollar in early trade

Rupee up 17 paise against dollar in early trade

Rupee up 17 paise against dollar in early trade

Posted: 02 Jan 2012 08:24 PM PST

The rupee appreciated by 17 paise to Rs 53.13 per dollar in early trade on the Interbank Foreign Exchange today, as the US currency weakened against euro and other major currencies.

Sensex gains 191 points in early trade

Posted: 02 Jan 2012 08:21 PM PST

The BSE benchmark Sensex rose by 191 points in early trade today on buying by funds and retail investors, buoyed by a firming trend in Asian markets.

Year-end discounts lift car sales in December

Posted: 02 Jan 2012 04:12 PM PST

Year-end discounts saw car sales end 2011 on a modest note as most of the companies, except for market leader Maruti Suzuki, saw numbers go up in December. The car market, which struggled to stay afloat for most part of 2011 due to high interest rates and pinching petrol prices, has been trying to regain normalcy, but it still seems to be some time away.

Cos let employees manage their leave

Posted: 02 Jan 2012 04:11 PM PST

Homegrown firm Marico, which makes Parachute coconut oil, does not keep a muster to monitor employee walk-ins at work. If an employee takes a day off, he or she is not marked absent.

Volatile market awaits investors this month

Posted: 02 Jan 2012 04:10 PM PST

On the first day of the trading session in the new year, the sensex showed substantial volatility as it opened in the positive territory, dipped into the negative zone and then again rallied to close with a gain of 63 points at 15,518.

Budget after state polls, says Pranab

Posted: 02 Jan 2012 04:09 PM PST

The Union Budget for 2012-13 will be presented to Parliament only after the assembly polls are over, finance minister Pranab Mukherjee said on Monday.

Political conflicts hit investment: Tata

Posted: 02 Jan 2012 03:54 PM PST

olitical conflicts and policy uncertainties have slowed down investments in the infrastructure space, said Tata Group chairman Ratan Tata. In his New Year message to employees, Tata said: "Last year was a year of great conflict within India, beginning with the highly visible '2G scam', followed by the anti-corruption movement and the constant adjournment of Parliament." Political uncertainties coupled with rising inflation have impacted growth.

RBI favours one-time KYC over SB a/c portability

Posted: 02 Jan 2012 03:52 PM PST

The Reserve Bank of India is of the opinion that more than account number portability, customer would be better served by a facility to shift accounts without having to repeat the "know your customer procedure".

Govt readies Rs 50k cr infra fund plan

Posted: 02 Jan 2012 03:38 PM PST

The government has finalized the contours of a $10-billion (over Rs 50,000 crore) infrastructure debt fund (IDF) with 50% participation from a foreign bank and a multilateral agency, while the rest of the corpus will be contributed by state-owned financial institutions.

Sebi launches toll free helpline in 14 languages

Posted: 02 Jan 2012 05:53 AM PST

Market regulator Sebi has launched a toll free helpline for investors to provide guidance and assistance on various matters such as lodging complaints and transferring shares.

Rupee down 20 paise against dollar

Posted: 02 Jan 2012 05:15 AM PST

The rupee today lost 20 paise to close at a fresh two-week low of 53.30/31, ending the first day trading of the new year on a subdued note .

Mercedes-Benz Dec sales up by 3 percent

Posted: 02 Jan 2012 03:31 AM PST

Luxury car maker Mercedes-Benz India today reported 2.82 per cent rise in its sales for December 2011 at 730 units.

Sensex closes 63pts up in thin trade

Posted: 02 Jan 2012 03:02 AM PST

The Bombay Stock Exchange benchmark sensex on Monday closed 63 up in the first session of 2012 on value buying at lower levels in thin trade as major global markets remained close.

RBI governor hints at reversing monetary policy

Posted: 02 Jan 2012 01:54 AM PST

Reserve Bank of India Governor D Subbarao has indicated that the central bank could reverse the tight monetary stance adopted by it since March 2010 to tame inflation

Scotch whisky industry unaffected by recession

Posted: 01 Jan 2012 11:02 PM PST

The whisky industry in Scotland has not been affected by the economic downturn because of developing overseas markets, especially in India, China and Brazil, a report said.

India's Nov exports rise 3.9% at $22.3 bn

Posted: 01 Jan 2012 10:39 PM PST

India's November exports rose an annual 3.87 percent to $22.3 billion, while imports for the month rose 24.55 percent to $35.9 billion, the government said in a statement on Monday.

Gold up at Rs 27,369/10 gram

Posted: 01 Jan 2012 10:36 PM PST

Gold prices rose by Rs 40, or 0.15 per cent, to Rs 27,369 per 10 grams in futures trade today as speculators indulged in created fresh position on pick-up in demand in the spot market amid weakness in the rupee.

Maruti Suzuki sales decline 7.1% in Dec

Posted: 01 Jan 2012 10:33 PM PST

Maruti Suzuki, India's largest carmaker, said December sales stood at 92,161 vehicles, down 7 percent from a year ago, local media reported on Monday.

Manufacturing activity at 6-month high in December

Posted: 01 Jan 2012 10:07 PM PST

Manufacturing activity surged to a six-month high in December thanks to a spike in factory output and new orders from domestic and international firms, a survey of purchasing managers showed on Monday.

Gold prices likely to go up on weak rupee

Posted: 01 Jan 2012 09:39 PM PST

Indian gold futures are likely to edge up on Monday morning on a decline in the rupee and as the key overseas metals markets were closed, analysts said.
Posted by Harshad at 9:26 PM

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