Monday, February 20, 2012

Sensex up 106 points in early trade

Sensex up 106 points in early trade


Sensex up 106 points in early trade

Posted: 20 Feb 2012 08:18 PM PST

The BSE benchmark index Sensex rose by over 106 points in early trade today on sustained buying by funds and retail investors amid a firming trend in Asian markets.


Oil at 9-month high on Iran export halt

Posted: 20 Feb 2012 06:43 PM PST

Oil rose to a nine-month high in New York after Iran said it halted some crude exports and investors bet that fuel demand will increase as Europe moves closer to bailing out Greece.


Traders to go global with ‘Made in Kerala’ tag

Posted: 20 Feb 2012 05:04 PM PST

The Confederation of Indian Industry (CII), along with the Kerala government, is planning to issue 'Made in Kerala' labels for select products and services from the southern state.


ET Speed to offer real-time market information

Posted: 20 Feb 2012 03:41 PM PST

economictimes.com has launched www.etspeed.com, (ET Speed) an open information sharing platform powered by the community.


FMCG companies see growth on breakfast table

Posted: 20 Feb 2012 03:37 PM PST

FMCG companies are betting big on Rs 2,000 crore breakfast table with most of them vying for a greater share of the fast growing industry.


CIL set to win turf war with NTPC

Posted: 20 Feb 2012 03:34 PM PST

An inter-ministerial panel constituted to settle the turf war between state-run NTPC and Coal India Ltd has favoured shifting the location of a 2,000-mw power plant the generation utility is in the process of setting up in Jharkhand's North Karanpura area.


US airlines sue Exim Bank over AI loan

Posted: 20 Feb 2012 03:31 PM PST

The US airline industry has sued the Export Import Bank (Exim) alleging that its financial support to Indian national carrier Air India, which itself is in deep red, will harm the American airlines.


Lifestyle spending slows down in third quarter

Posted: 20 Feb 2012 03:28 PM PST

Pizzas and burgers are flying off the shelves at fast food outlets, but Indians are ostensibly smoking and drinking much less.


IRDA seeks changes in level of cover on life policies

Posted: 20 Feb 2012 03:24 PM PST

The insurance regulator has written to the government seeking changes in provisions of the Direct Taxes Code (DTC) which mandates a minimum level of cover on a life policy.


IRDA seeks changes in level of cover on life policies

Posted: 20 Feb 2012 03:24 PM PST

The insurance regulator has written to the government seeking changes in provisions of the Direct Taxes Code (DTC) which mandates a minimum level of cover on a life policy.

Future Group trims workforce

Posted: 20 Feb 2012 03:21 PM PST

Kishore Biyani-led Future Group has rationalized its workforce by 3,000 employees in the last 12 months amid mounting debt, which has troubled the country's largest retailer.


PM’s economic advisory council sees 7.5% GDP growth?

Posted: 20 Feb 2012 03:19 PM PST

The Prime Minister's Economic Advisory Council (PMEAC) is expected to project a GDP growth rate of 7.5% for 2012-13 due to various challenges confronting the economy.


R-Power got Rs 24k cr govt favour: CAG

Posted: 20 Feb 2012 03:16 PM PST

A draft audit report of CAG on allocation of coal blocks and augmentation of production in January quantified the government's "undue benefit" to Reliance Power at Rs 24,266 crore, calculated over 25 years.


Bengal against SEZs: Minister to Infosys

Posted: 20 Feb 2012 08:49 AM PST

West Bengal's industry minister Partha Chatterjee today said that the Mamata Banerjee government is against special economic zones (SEZs).


Murdoch tells Britain: 'Every day's a Sun day'

Posted: 20 Feb 2012 08:24 AM PST

Rupert Murdoch began work Monday on the first Sunday edition of his top-selling British tabloid The Sun, seven months after the closure of its scandal-ridden sister title News of the World.


Oil hits 8-month high on Iran, China moves

Posted: 20 Feb 2012 08:10 AM PST

Brent crude rose today, briefly hitting an eight-month high above $121 a barrel, as Iran halted exports to British and French companies ahead of a EU embargo.


Basmati rice export to restart this week

Posted: 20 Feb 2012 06:52 AM PST

Export of Basmati rice from India is likely to re-start in couple of days as the government is learnt to have agreed to lower the minimum export price (MEP) from 940 dollars per tonne to 700 dollars per tonne.


Small-cap, mid-cap stocks outshine blue-chips

Posted: 20 Feb 2012 04:05 AM PST

Amid a bull run in the stock market, the mid-cap and small-cap indices have outperformed their large-cap peers so far in 2012.


All time record in farm production: PM

Posted: 20 Feb 2012 12:56 AM PST

Prime Minister Manmohan Singh on Monday said that India's farm yield has touched a new high with food production expected to exceed 250 million tonnes, "an all time record", at the end of the Eleventh Five Year Plan ending March 31.


Greece no threat to world economy: ECB

Posted: 20 Feb 2012 12:25 AM PST

Greece, which is teetering on brink of bankruptcy, is "no threat to the world economy," European Central Bank executive board member Joerg Asmussen said in newspaper interview Monday.


China's unofficial lending falters, savers protest

Posted: 20 Feb 2012 12:08 AM PST

Ms Zhang, a schoolteacher in the central city of Anyang, lent $43,000 last year to entrepreneurs who couldn't get loans from state banks.


Euro firms on hopes for Greek rescue

Posted: 19 Feb 2012 11:37 PM PST

The euro rose in Asian trade Monday amid growing confidence that Greece will finally be given a fresh bailout, while the dollar was up against the yen after Japan posted a record trade deficit.


Asia stocks rise as China moves to boost economy

Posted: 19 Feb 2012 10:25 PM PST

Asian stock markets climbed Monday after China moved to boost its economy by freeing up bank lending and hopes grew that Greece will clinch the aid it needs to avoid bankruptcy.


Stocks, bullion markets closed today

Posted: 19 Feb 2012 10:10 PM PST

Forex, money and all commodity markets, including bullion, oils and oilseeds, are closed today for 'Mahashivratri'.


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