Tuesday, February 21, 2012

Rupee up 9 paise against dollar in early trade

Rupee up 9 paise against dollar in early trade


Rupee up 9 paise against dollar in early trade

Posted: 21 Feb 2012 08:38 PM PST

The rupee moved up by 9 paise to trade at 49.21 against the dollar on the Interbank Foreign Exchange market in early trade today on increased foreign fund inflows.


Sensex up 84 points in early trade

Posted: 21 Feb 2012 08:18 PM PST

Continuing its rising streak for the third straight session, the BSE benchmark index Sensex rose by another 84 points in early trade today on sustained capital inflows.


Banks may hike education lending

Posted: 21 Feb 2012 03:45 PM PST

Banks are likely to push home improvement loans and education loans with a Reserve Bank of India (RBI) panel asking the central bank to recognize larger loans in this segment as priority sector. Also, foreign banks will now be forced to lend 40% of their advances in the priority sector as against 32% earlier.


Consumer price inflation at 7.65%

Posted: 21 Feb 2012 03:40 PM PST

The combined consumer price inflation in January stood at an annual 7.65%, while food and beverages inflation was 4.11%, data released by the Central Statistics office (CSO) showed on Tuesday.


New bailout reprieve for Greece, but doubts persist

Posted: 21 Feb 2012 03:38 PM PST

Greece may have dodged a default with its last-minute bailout deal but longer-term doubts over its ability to repay its staggering debts remain, raising questions about whether even more rescue money will eventually be needed.


FII inflow tops $5-billion so far in 2012

Posted: 21 Feb 2012 03:34 PM PST

Boosted by a strong rally in Reliance Industries and buying by foreign investors, which crossed the $5-billion mark for the year, the sensex gained 139 points on Tuesday to close at 18,429, a 7-month closing high.


Reliance, Russia's Sibur in $450mn rubber JV

Posted: 21 Feb 2012 09:12 AM PST

Reliance Industries, India's largest private firm, said Tuesday it had finalised a joint venture with Russian petrochemicals giant Sibur to produce synthetic rubber to meet demand from Indian automakers.


Is eurozone out of danger after Greece rescue?

Posted: 21 Feb 2012 08:45 AM PST

After months of dispute and delay, Europe's historic rescue of Greece on Tuesday spawned instant relief across the troubled eurozone, though analysts warned the debt crisis seemed far from over.


Oil above $104 after EU gives Greece bailout deal

Posted: 21 Feb 2012 05:52 AM PST

Oil prices remained above $104 Tuesday but retreated from recent highs after European leaders agreed to lend Greece 130 billion ($172 billion) to avoid a debt default.


Tata Motors selects China partner for JLR plant

Posted: 21 Feb 2012 05:45 AM PST

India's top vehicle maker Tata Motors has selected a partner to build an assembly plant for its luxury British car brands Jaguar and Land Rover in China, a senior executive said on Tuesday.


BSE to launch green index on Wednesday

Posted: 21 Feb 2012 05:00 AM PST

Bombay Stock Exchange will launch a new index called 'BSE GREENEX', measuring the performance of companies in terms of carbon emissions.


Rupee off highs on dollar demand from importers

Posted: 21 Feb 2012 04:47 AM PST

Rupee was pulled off a two-week high touched in early trades on Tuesday due to strong dollar demand from oil refiners, the biggest purchasers of the greenback in local currency markets.


RBI hints at another CRR cut

Posted: 21 Feb 2012 04:29 AM PST

RBI deputy governor Subir Gokarn said the apex bank will 'consider' a further cut in the cash reserve ratio if the systemic liquidity conditions continue to be tight.

Govt evolving consensus on FDI in multi-brand retail

Posted: 21 Feb 2012 02:37 AM PST

The government has said it is committed to reforms for consolidating economic strengths and is actively evolving a consensus to allow FDI in multi-brand retailing.


Mahindra group posts profit of Rs 832 cr in Oct-Dec

Posted: 21 Feb 2012 01:25 AM PST

Diversified business group Mahindra & Mahindra today posted a consolidated profit of Rs 831.8 crore for the quarter ended December 31, 2011.


Consumer Price Inflation at 7.65%

Posted: 20 Feb 2012 11:15 PM PST

India Consumer Price Inflation (CPI) in January is at 7.65 percent, the Central Statistics Office announced on Tuesday.


Gold futures marginally up on global cues

Posted: 20 Feb 2012 11:10 PM PST

Gold futures prices today rose by Rs 44 to Rs 28,202 per 10 grams, as speculators enlarged their positions largely in tune with a firming trend overseas amid ongoing marriage season demand.


India consumer inflation 7.65 % in Jan

Posted: 20 Feb 2012 11:04 PM PST

Indian annual consumer price inflation touched 7.65 percent in January, higher than wholesale inflation for the period but still suggesting price pressures are moderating, adding weight to views that the central bank has room to cut interest rates.


Asia stocks down despite deal to end Greek crisis

Posted: 20 Feb 2012 10:12 PM PST

Asian stock markets fell on Tuesday even as European leaders finally clinched a deal for a rescue package to prevent Greece from going belly up.


Rupee up 17 paise against dollar

Posted: 20 Feb 2012 09:08 PM PST

The rupee appreciated by 17 paise to 49.10 against the dollar on the Interbank Foreign Exchange market in early trade today on increased foreign fund inflows amid firm equity markets.


Kingfisher shares slump 20% before regulator talks

Posted: 20 Feb 2012 09:04 PM PST

Shares in India's cash-strapped Kingfisher Airlines plunged nearly 20 percent in early trade on Tuesday, ahead of a meeting with the aviation regulator to explain why it cancelled scores of flights.


Eurozone seals second Greek bailout

Posted: 20 Feb 2012 08:16 PM PST

Eurozone ministers sealed a second bailout for debt-laden Greece that will resolve its financing needs but seems unlikely to revive the nation's economy.

Eurozone seals second Greek bailout

Posted: 20 Feb 2012 08:16 PM PST

Eurozone ministers sealed a second bailout for debt-laden Greece that will resolve its financing needs but seems unlikely to revive the nation's economy.

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