Wednesday, January 18, 2012

Sensex up 206 pts, Nifty regains 5K mark

Sensex up 206 pts, Nifty regains 5K mark

Sensex up 206 pts, Nifty regains 5K mark

Posted: 18 Jan 2012 08:21 PM PST

The BSE benchmark Sensex rose by over 206 points in early trade on Thursday on funds buying propelled by hopes of better quarterly results and a firming trend on other Asian bourses.

Rupee up 6th day on rising inflows

Posted: 18 Jan 2012 07:53 PM PST

The rupee rose for a sixth consecutive session in early trades on Thursday, boosted by sustained foreign investor interest in debt and equity, while dollar demand from oil companies is likely to temper gains.

Asia stocks up as Wall Street cheers housing data

Posted: 18 Jan 2012 07:45 PM PST

Asian stock markets rose as investors grew more comfortable with risk assets after strong US housing figures helped Wall Street to its highest close since July.

Amazon may enter India via Marketplace

Posted: 18 Jan 2012 11:20 AM PST

The world's largest online retailer may enter India with an eBay-like platform for buyers and sellers, called Amazon Marketplace, in a bid to overcome FDI restrictions on multi-brand retail in the country.

Govt to probe PwC India’s sundry inflows

Posted: 18 Jan 2012 11:18 AM PST

The government on Wednesday said it had taken note of the large amounts of 'sundry income' in the accounts of several Indian entities of PricewaterhouseCoopers (PwC) entities and will work on a report on the matter.

India to grow at 6.8%: World Bank

Posted: 18 Jan 2012 11:10 AM PST

The World Bank on Wednesday said the Indian economy is expected to grow by 6.8%, compared to PM Manmohan Singh's 7% projection and the 8.5% expansion witnessed in 2010-11.

RCOM eyes $1.5bn IPO for cable biz in Singapore

Posted: 18 Jan 2012 11:08 AM PST

Reliance Communications (RCOM), the flagship company of the Anil Ambani-led Reliance Group plans to raise $1.5 billion through a Singapore listing of its arm — Flag Telecom — valuing its submarine cable assets at $2 billion.

RIL to unveil Rs 12k crore share buyback

Posted: 18 Jan 2012 10:55 AM PST

Reliance Industries (RIL) is expected to announce one of the biggest share buyback programmes in Indian corporate history, worth over Rs 12,000 crore, to boost its share price that has fallen 35% in the last one year.

Power sector woes will be resolved: PM

Posted: 18 Jan 2012 07:56 AM PST

Troubled by problems like coal shortage, high fuel prices and delayed green clearances, top industrialists engaged in power sector today met the PM who promised to address their grievances in a time-bound manner.

Rupee rises for 5th day; importer demand hurts

Posted: 18 Jan 2012 04:54 AM PST

The Indian rupee rose for the fifth consecutive session on Wednesday and touched its highest in more than two months, driven by robust dollar inflows and a rise in the euro, though dollar demand from oil importers tempered gains.

Sensex slips marginally on profit booking

Posted: 18 Jan 2012 04:25 AM PST

The BSE Sensex ended on a flat note today, down marginally by 15 points at 16,451.47 as it snapped out of 3-session gains on profit booking and weak overseas markets.

Many air travellers say yes to 'fat tax'

Posted: 18 Jan 2012 02:03 AM PST

Heavyweights may disagree with the idea of airlines charging "fat tax", but a survey says a significant number of air travellers agree that obese people should pay more to fly.

RIL to surrender SEZ land in Haryana

Posted: 18 Jan 2012 12:56 AM PST

More than 5 years after inking an agreement with HSIIDC, RIL) is all set to return 1383,68 acres of land acquired by it for the purpose of special economic zone (SEZ) in Gurgaon.

Workforce wedded for life at ITC

Posted: 17 Jan 2012 10:35 PM PST

Half of ITC's 7,000-odd managers have been with the tobacco, hotels and consumer products enterprise for more than a quarter of century.
Posted by Harshad at 9:20 PM

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