Wednesday, February 29, 2012

Sensex down 185 pts on profit-booking

Sensex down 185 pts on profit-booking


Sensex down 185 pts on profit-booking

Posted: 29 Feb 2012 08:17 PM PST

The BSE benchmark index Sensex today declined by almost 185 points in early trade, as funds and retail investors booked profits after recent gains amid weakening trend on other Asian bourses.


EU sanctions cut off OVL’s Syria revenue

Posted: 29 Feb 2012 03:39 PM PST

European Union's blacklisting of Syrian oil companies, imposed with the aim of isolating President Bashar al-Assad's government, is pinching ONGC Videsh hard as the sanctions have cut off the flow of Indian state-run company's share of revenue or official information on the operation of its field in the west Asian nation since last December.


Pak moves to grant MFN tag to India

Posted: 29 Feb 2012 03:36 PM PST

Pakistan on Wednesday moved closer to granting most-favoured nation status to India by switching to a system of "negative lists" that will restrict the import of around 1,200 items from India, compared to the earlier regime where only 1,900 products were permitted to be shipped across the border.

Pak moves to grant MFN tag to India

Posted: 29 Feb 2012 03:36 PM PST

Pakistan on Wednesday moved closer to granting most-favoured nation status to India by switching to a system of "negative lists" that will restrict the import of around 1,200 items from India, compared to the earlier regime where only 1,900 products were permitted to be shipped across the border.


Sistema accuses govt failure in licence award

Posted: 29 Feb 2012 03:34 PM PST

Russian conglomerate Sistema, which has threatened arbitration against India, has said that the government failed in ensuring the "issue of proper licences" to telecom operators.


Govt to seek limited review of SC order

Posted: 29 Feb 2012 03:33 PM PST

The government on Wednesday said it would only seek a limited review of the Supreme Court's order on the 2G scam even as Videocon joined the queue of operators filing petitions.

Govt to seek limited review of SC order

Posted: 29 Feb 2012 03:33 PM PST

The government on Wednesday said it would only seek a limited review of the Supreme Court's order on the 2G scam even as Videocon joined the queue of operators filing petitions.


US economy grew 3% in fourth quarter

Posted: 29 Feb 2012 06:19 AM PST

The US economy grew at an annual clip of 3.0 percent in the fourth quarter last year, stronger than first estimated and beating analyst forecasts, government data showed Wednesday.


Rupee gains 6 paise against dollar

Posted: 29 Feb 2012 04:46 AM PST

The rupee rose by six paise to settle at 49.01/02 against the US dollar on sustained selling of the American currency by exporters amid gains in local stocks.


Dollar ends cheaper against rupee

Posted: 29 Feb 2012 04:37 AM PST

The US dollar ended cheaper against the rupee at Rs 49.01/02 per dollar but the pound sterling turned higher at Rs 78.08/10 per pound .


Sensex erases early gains, up 22 pts

Posted: 29 Feb 2012 03:55 AM PST

Slowest economic expansion during the third quarter in two years erased early stock market gains today, with the BSE Sensex ending flat - up just 22 points at 17,752.68.


Pak to have negative list for trade with India

Posted: 29 Feb 2012 02:05 AM PST

Pakistan on Wednesday unanimously approved a proposal to switch over to a negative list regime for trade with India and phase it out by the year end as part of measures to fully normalise bilateral economic ties.


Govt to auction 4G spectrum this year

Posted: 28 Feb 2012 10:51 PM PST

Sibal said govt will have enough radio waves for all operators after it is released from defence services, but added it did not want to put all the spectrum for auction at one go.


GDP growth slows to 6.1% in Q3

Posted: 28 Feb 2012 10:09 PM PST

India's economic growth slowed to its weakest annual pace in almost 3 years in the three months to December due to high interest rates and rising input costs.

India's Dec quarter GDP grows 6.1%

Posted: 28 Feb 2012 10:00 PM PST

India's economy grew a slower-than-expected 6.1 percent in the December quarter from a year earlier, government data showed on Wednesday.


Rupee up 16 paise on increased funds flow

Posted: 28 Feb 2012 09:20 PM PST

The rupee gained 16 paise to 48.91 against the U.S. dollar on the Interbank Foreign Exchange market in early trade on Wednesday on increased foreign fund inflows.


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