Tuesday, January 3, 2012

Rupee up 6 paise against dollar in early trade

Rupee up 6 paise against dollar in early trade


Rupee up 6 paise against dollar in early trade

Posted: 03 Jan 2012 08:35 PM PST

The rupee strengthened by 6 paise to Rs 53.15 per dollar on the Interbank Foreign Exchange in early trade today, tracking gains in euro and other currencies against the US currency.


Spotlight on specialty online retailers

Posted: 03 Jan 2012 08:32 PM PST

The red hot e-commerce story will go niche with specialty e-tailing set to dominate the consumer internet business in 2012.


Govt okays RIL’s $1.5bn KG satellite field plan

Posted: 03 Jan 2012 03:56 PM PST

The government on Tuesday approved Reliance Industries' $1.53 billion investment plan for developing four satellite fields in the flagging KG-D6 block after sitting on the proposal for months.


Cos let staff work from home, officially

Posted: 03 Jan 2012 03:53 PM PST

Anita Guha has been working from her home in Mumbai for the past 10 years. She facilitates leadership development programmes for IBM. She opted to work from home when she had her second daughter. She didn't want to miss out on her children's early years.


Retailers offer early winter discounts

Posted: 03 Jan 2012 03:50 PM PST

After a year of battling biting inflation, finally there is some relief for consumers. Several retailers and top brands have announced winter discounts ahead of schedule to lure customers and shore up sales.


SBI scraps proposed JV with Visa, Elavon for POS units

Posted: 03 Jan 2012 03:48 PM PST

State Bank of India has pulled out of a proposed joint venture with Visa Inc and Elavon Inc which planned to install point of sales terminals (payment card swipe machines) in five lakh shops across the country.


Fiat to end dealership JV with Tatas

Posted: 03 Jan 2012 03:47 PM PST

Continued poor showing in the Indian market is set to see Fiat completely exit joint-branded showrooms with Tata Motors as the Italian car major makes a renewed push to revive sales. While it will make the transition in the top 20 cities by 2015, the rest of the joint-branded dealerships will be disbanded thereafter.


Promoters can cut stake via auction

Posted: 03 Jan 2012 03:44 PM PST

In a move that would bolster the Centre's efforts to meet its disinvestment target, Sebi on Tuesday allowed promoters having more than 75% stake in private sector companies and government holding more than 90% in PSUs to reduce their shareholding through an auction to institutional players.


Rupee gains 9 paise against dollar

Posted: 03 Jan 2012 05:32 AM PST

Snapping its three session losing string, the rupee today gained 9 paise to close at 53.21/22 against the dollar amid a strong rally in local equities and fresh dollar selling by exporters.


'Savings bank a/c number portability on anvil'

Posted: 03 Jan 2012 03:53 AM PST

The finance ministry is working on savings banks account number portability, which will allow a customer to retain his account number while changing his bank.


'Savings bank a/c number portability on anvil'

Posted: 03 Jan 2012 03:53 AM PST

The Finance Ministry is working on savings banks account number portability, which will allow a customer to retain his account number while changing his bank.


Damage by cyclone Thane to lower insurers' profits

Posted: 03 Jan 2012 03:46 AM PST

Insurance claims after Cyclone Thane crossed Cuddalore on the Tamil Nadu coast last week leaving a trail of death and destruction could bring down profits of general insurers this fiscal, say industry officials.


New Year rally: Investors earn big

Posted: 03 Jan 2012 03:34 AM PST

The New Year celebrations came a bit late on Dalal Street, as a strong rally in the stock market today added more than Rs 1.5 lakh crore to investor wealth.


China's growth may dip below 8% in '12

Posted: 03 Jan 2012 03:32 AM PST

Three things could push the country's GDP growth to a ten-year low: falling house prices, a slump in property investment, and slowing exports.


Sensex up 421 points on fund inflows

Posted: 03 Jan 2012 03:24 AM PST

The Bombay Stock Exchange benchmark Sensex today spurted over 421 points - biggest gain in two weeks - on fresh inflows amid some positives, including RBI's plan to reverse tight monetary policy stance, and a firm global equities.

Sensex holds on to highs, up over 300pts

Posted: 03 Jan 2012 01:51 AM PST

Strong buying across the market breadth helped a benchmark index for Indian equities rule over 341 points higher -- close to its day's high -- in afternoon trade on Tuesday.


'India Inc's interest paying ability at 5yr low'

Posted: 03 Jan 2012 12:27 AM PST

Crisil's study covered 420 companies, excluding banking and financial institutions and state-owned oil marketing companies.


Sensex up 300 pts on firm global cues

Posted: 02 Jan 2012 10:12 PM PST

The 30-share Sensex resumed higher at 15,640.56 and shot up further to 15,827.65 points at 1115 hrs, a net gain of 309.73 points from its previous close.


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