Sunday, February 5, 2012

Rupee up 9 paise against dollar

Rupee up 9 paise against dollar


Rupee up 9 paise against dollar

Posted: 05 Feb 2012 08:57 PM PST

The rupee moved up by 9 paise to trade at 48.60 against the dollar on the Interbank Foreign Exchange market in early trade today on increased foreign fund inflows.


Sensex up 218 points on Asian cues

Posted: 05 Feb 2012 08:38 PM PST

The BSE benchmark index Sensex gained 218 points in early trade on Monday on sustained buying by funds and retailers amid a firming trend in Asian markets.


Madura eyes Armani, Hackett tie-up

Posted: 05 Feb 2012 04:18 PM PST

Madura Fashion & Lifestyle, part of the $35-billion Aditya Birla Group, is holding talks with high-street names Giorgio Armani SpA and upmarket British clothier Hackett, besides striking a new deal with Esprit Holdings for the Indian market.


Q3 results beat market expectations

Posted: 05 Feb 2012 04:14 PM PST

Third week into the current results season, most of the top companies in India have surprised analysts and investors with better-than-expected results for the quarter ended December 2011.


Telenor gears up to save investment

Posted: 05 Feb 2012 04:03 PM PST

Telenor, which holds a 67% stake in Unitech Wireless, is planning a diplomatic and legal offensive to secure its investments in India after Supreme Court ruling cancelling its licence.


IOC scraps Rs 14,900 crore SBI Caps loan

Posted: 05 Feb 2012 03:57 PM PST

The loan was to fund construction of a new refinery that the flagship refiner-marketer is building at Paradip in Orissa with an investment of nearly Rs 30,000 crore.


Iran raid to hurt global economy

Posted: 05 Feb 2012 04:50 AM PST

An Israeli raid on Iran's nuclear facilities would deliver a painful shock to the global economy, revive flagging Islamist militancy and possibly drag the United States into a regional war whether it backed its ally's attack or not.


Greece on 'knife edge' in last hours to agree bailout

Posted: 05 Feb 2012 04:41 AM PST

Greece's prime minister scrambled on Sunday to convince lenders and politicians to sign off on a 130 billion euro rescue, after his finance minister said just hours remain before the euro zone abandons the country to its fate.


China has stake in helping Europe

Posted: 05 Feb 2012 04:32 AM PST

China has a stake in helping the euro zone countries get through their debt crisis, Chinese Premier Wen Jiabao said in comments published on Sunday, pointing to Europe's importance as an export market and as a source of technology.


Family-run business: Risks and reward at same time

Posted: 04 Feb 2012 10:20 PM PST

Family-controlled large business houses may be strong pillars of growth for India Inc, but experts warn that their internal feuds and succession issues also pose significant risks -- not only for the groups themselves, but for the entire economy as well.


SBI waives service fee on SME loans

Posted: 04 Feb 2012 10:02 PM PST

Country's largest lender, State Bank of India, has decided to waive guarantees and annual service fees for loans to small and medium businesses guaranteed under the Credit Guarantee Fund Trust scheme.


'PAN to be most potent tool against tax evasion'

Posted: 04 Feb 2012 09:51 PM PST

Come next financial year, the PAN card is likely to become the most potent tool for the Income Tax Department to unearth black money, tax evasion and instances of criminal financing in the country


PAN to be most potent tool against tax evasion: I-T Dept

Posted: 04 Feb 2012 09:51 PM PST

Come next financial year, the PAN card is likely to become the most potent tool for the Income Tax Department to unearth black money, tax evasion and instances of criminal financing in the country


Carnation eyes used car market

Posted: 04 Feb 2012 09:39 PM PST

Multi-brand car service chain Carnation Auto, promoted by former Maruti Suzuki India chief Jagdish Khattar, is gearing up for an aggressive foray into the used-car market, with plans to open over 160 outlets across the country in the next three years.


8 Sensex bluechips add Rs39k cr in mcap

Posted: 04 Feb 2012 09:35 PM PST

Led by IT bellwether TCS, eight of the country's top ten valued companies added Rs 39,894.58 crore to their combined market capitalisation (mcap) in a strong market the last week.


Mother Dairy plans to expand ops beyond Delhi

Posted: 04 Feb 2012 09:32 PM PST

Having ruled the milk and dairy products market in Delhi and NCR for long, Mother Dairy has now decided to expand presence in other parts of the country within the next 2-3 years.


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