Wednesday, February 22, 2012

Rupee down 5 paise vs dollar in early trade

Rupee down 5 paise vs dollar in early trade


Rupee down 5 paise vs dollar in early trade

Posted: 22 Feb 2012 09:00 PM PST

The rupee fell marginally by 5 paise to 49.27 against the US dollar on the Interbank Foreign Exchange market in early trade today, following increased demand for the American currency from importers.


Sensex gains 57 points in early trade

Posted: 22 Feb 2012 08:31 PM PST

The BSE benchmark index Sensex recovered by nearly 57 points in early trade on Thursday on selective buying by funds.


Maruti bets big on new Dzire

Posted: 22 Feb 2012 02:16 PM PST

Maruti Suzuki has said it expects the new Dzire to generate a higher market share in the entry-level sedan market.


Mohandas Pai returns to shareholder activism

Posted: 22 Feb 2012 02:09 PM PST

Former Infosys director T V Mohandas Pai has returned to what he does best—promoting shareholder activism.


Men splurge on cosmetics, seek specialized products

Posted: 22 Feb 2012 02:00 PM PST

The verdict is out. Men are rapidly converting to using products that were hitherto considered the domain of women.


Hero MotoCorp plans to drive in superbikes

Posted: 22 Feb 2012 01:57 PM PST

Hero is fuelling up for a power ride on global roads and take on the likes of Ducati, Suzuki, Honda and Yamaha in the top-end of the bike market.


Etisalat to shut India operations

Posted: 22 Feb 2012 01:54 PM PST

Dubai-based telecom major Etisalat on Wednesday decided to exit from India and will shut the operation of its Indian arm Etisalat DB.


GDP to grow at 7.5%: PM panel

Posted: 22 Feb 2012 01:51 PM PST

The economy is expected to grow in the range of 7.5% to 8% in the fiscal year ending March 2013, the Prime Minister's Economic Advisory Council said on Wednesday.


Tax dept on year-end overdrive

Posted: 22 Feb 2012 01:45 PM PST

Under pressure from the North Block to meet budget targets, several chief commissioners of Income Tax have started making tax claims over and above what companies had filed in their tax returns.


Bank bailout for Kingfisher hangs in balance

Posted: 22 Feb 2012 07:54 AM PST

Lenders to Kingfisher Airlines have not agreed to extend further loans to the debt-crippled carrier, three banking sources said on Wednesday after reports that State Bank of India (SBI) was close to offering a bailout loan package.


Rupee ends up as inflows offset US dollar demand

Posted: 22 Feb 2012 05:33 AM PST

The rupee today gained eight paise to close at one-week high of 49.22/23 against the US dollar on sustained capital inflows amid fresh selling of the American currency by exporters.


Sensex closes down 283 points

Posted: 22 Feb 2012 03:09 AM PST

The BSE benchmark index Sensex fell from seven-month high levels losing 283 points on profit-booking mainly in realty, banking and oil and gas stocks.


Gold gains Rs 350 on good demand

Posted: 22 Feb 2012 02:25 AM PST

Gold rose by Rs 350 to Rs 28,740 per 10 grams in the bullion market on Wednesday on buying by stockists and jewellery makers to meet the marriage season demand amid sharp rally in global markets. Silver also gained Rs 800 to Rs 57,400 per kg on increased off take on rising industrial demand.


Silver prices up in future trade

Posted: 21 Feb 2012 10:17 PM PST

Silver prices moved up by Rs 169 to Rs 58,780 per kg in futures trading today, taking positive cues from overseas markets and rising domestic demand.


Sensex down after hitting 30-week high

Posted: 21 Feb 2012 10:16 PM PST

The BSE benchmark index Sensex declined by 31 points in early trade, after hitting 30-week high, due to mild selling mainly in banking, capital goods, consumer durable and metal stocks.


Gold futures up on firm global cues

Posted: 21 Feb 2012 10:08 PM PST

Gold futures rose by 0.38 per cent to Rs 28,826 per 10 grams today, as speculators enlarged their positions on the back of a firming global trend.


Obama calls German Chancellor on Europe crisis

Posted: 21 Feb 2012 08:25 PM PST

Hours after Greece secured a bailout to avoid debt default, US President Barack Obama called German Chancellor Angela Merkel to discuss the latest developments concerning the financial situation in the Eurozone, the White House said.

1/3rd British business bosses fear recession in '12

Posted: 21 Feb 2012 08:17 PM PST

Around 35 per cent directors of British business companies think there is a high risk of a recession this year, says a survey.

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