Tuesday, January 24, 2012

Sensex up 82 points in early trade

Sensex up 82 points in early trade

Sensex up 82 points in early trade

Posted: 24 Jan 2012 08:34 PM PST

The BSE benchmark Sensex rose further by 82 points in early trade today on sustained buying by funds and retail investors following RBI's decision to cut cash reserve ratio (CRR).

Japan posts first annual trade deficit since 1980

Posted: 24 Jan 2012 08:18 PM PST

Japan reported its first annual trade deficit since 1980 as it imported expensive energy to offset shortfalls caused by the devastating tsunami and manufacturers shifted production overseas to avoid the damage inflicted by the strong yen.

Sensex rises 0.4%, Biocon falls

Posted: 24 Jan 2012 08:04 PM PST

The BSE sensex rose in early trade on Wednesday, led by lenders and energy conglomerate Reliance Industries, ahead of the expiry of monthly derivatives contracts.

Rupee opens higher on RBI policy shift

Posted: 24 Jan 2012 07:44 PM PST

Indian rupee opened stronger on Wednesday on expectations for continued foreign fund inflows after the central bank signalled a shift in its policy to support growth.

RCOM cuts off Etisalat

Posted: 24 Jan 2012 04:37 PM PST

Reliance Communications said it had disconnected from its network a mobile phone JV between Abu Dhabi-based Etisalat and India's DB Group over non-payment of fees for using its towers.

Citigroup to lay off 100 staff in India

Posted: 24 Jan 2012 04:25 PM PST

Citigroup said it will lay off 100 staff in India as part of a global restructuring exercise.

Cairn-Vedanta deal gets CCEA nod

Posted: 24 Jan 2012 04:22 PM PST

The Cabinet on Tuesday gave final approval to Vedanta Resources's acquisition of a majority stake in Cairn India Ltd for $8.48 billion.

Rs 32,000-crore booster for banks

Posted: 24 Jan 2012 04:10 PM PST

Banks are required to maintain a percentage of their deposits with the Reserve Bank of India to meet exigencies. This percentage is called cash reserve ratio (CRR).

Auto, realty players seek rate cut

Posted: 24 Jan 2012 04:03 PM PST

Consumer industries like automobiles, white goods and real estate rejoiced the 50 basis point CRR cut by RBI, but said more needs to be done.

Real estate confederation welcomes RBI CRR cut

Posted: 24 Jan 2012 07:19 AM PST

The Confederation of Real Estate Developers' Associations of India (CREDAI) has welcomed the CRR rate cut by the RBI and said it will help revive demand in the housing segment.

Rupee ends off 10-week high on importer demand

Posted: 24 Jan 2012 06:02 AM PST

The partially convertible rupee settled at 50.07/08 to the dollar, easing from a high of 49.9250, its highest since Nov. 14. It had closed at of 50.09/10 on Monday.

FICCI welcomes CRR cut; asks for repo cut

Posted: 24 Jan 2012 03:17 AM PST

Industry chamber FICCI welcomed the RBI's move to reduce the cash reserve ratio (CRR), but added that a cut in repo rate would have led to an increase in investments.

Sensex closes 244 points up

Posted: 24 Jan 2012 03:15 AM PST

The Bombay Stock Exchange benchmark Sensex today crossed the 17,000 mark before easing a bit to close the day 244 points up as investors cheered RBI move to cut cash reserve ratio to infuse liquidity in the system.

Siemens quarterly net profit falls 17 per cent

Posted: 24 Jan 2012 12:17 AM PST

The company said higher research and investment costs also reduced profit, as did delays in deliverying new high-speed trains to German rail operator Deutsche Bahn AG.

Gold, copper seen down on stronger rupee

Posted: 23 Jan 2012 09:13 PM PST

India gold futures are likely to open down on Tuesday morning as a stronger rupee is likely to outweigh gains in overseas market, analysts said.

Markets quiet ahead of credit policy

Posted: 23 Jan 2012 09:13 PM PST

Indian equities markets were ruling quiet in Tuesday morning trade as investors cautiously awaited the third quarterly review of the monetary policy by the Reserve Bank of India.
Posted by Harshad at 9:22 PM

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