Dollar slips in Asian trade |
- Dollar slips in Asian trade
- India, EU spar over protectionism
- Cement cos to appeal against CCI's order
- Sebi lens on non-performing MFs
- Govt writes to state CMs for FDI in multi-brand retail
- RIL set to part with 'Only Vimal' brand
- Re plunges to all-time low of 56.57
- Growth worries hit world stocks, commodities
- Oil at 18-month low on US, China data
- Rupee hits all-time low of 56.57
- Sensex regains 17k after 7 weeks
- Rupee tumbles 25 paise against dollar
- Sensex down 43 points in early trade
| Posted: 21 Jun 2012 08:31 PM PDT The dollar slipped in Asian trade on Friday following falls on Wall Street triggered by worries over global growth and amid disappointment over a muted stimulus move by the US Federal Reserve. 
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| India, EU spar over protectionism Posted: 21 Jun 2012 01:48 PM PDT Ahead of next week's ministerial meeting in Brussels, officials from the European Union and India on Thursday sparred over protectionism and tax law changes made by New Delhi. 
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| Cement cos to appeal against CCI's order Posted: 21 Jun 2012 01:46 PM PDT Competition Commission of India (CCI), asked the cement companies to cough up 50% of profits earned in 2009-10 and 2010-11. Industry body Cement Manufacturers Association (CMA) was also fined Rs 73 lakh for providing a "platform" to the cement companies and facilitating cartelisation. 
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| Sebi lens on non-performing MFs Posted: 21 Jun 2012 01:39 PM PDT Fund managers of non-performing mutual fund schemes will have a lot of explaining do for their poor show. The regulator is concerned that some schemes from nine fund houses have been under-performing when compared with their benchmark indices for an extended period of time, some even since their inception, Sebi chairman U K Sinha said on Thursday. 
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| Govt writes to state CMs for FDI in multi-brand retail Posted: 21 Jun 2012 01:35 PM PDT The government is moving swiftly to build a consensus over the move to allow foreign investment in the multi-brand retail sector with the commerce, industry and textiles minister Anand Sharma writing to three key state chief ministers of Uttar Pradesh, Punjab and Odisha to seek their support. 
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| RIL set to part with 'Only Vimal' brand Posted: 21 Jun 2012 01:33 PM PDT Reliance Industries (RIL) chairman Mukesh Ambani may let go of the textile business, including the storied "Only Vimal" brand and the Naroda facility, which was the first manufacturing asset built by his father Dhirubhai Ambani four decades ago. 
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| Re plunges to all-time low of 56.57 Posted: 21 Jun 2012 01:32 PM PDT The rupee fell to a new lifetime low of 56.57 on Thursday as world markets were disappointed with the Federal Reserve's decision not to come out with a fresh round of monetary easing. 
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| Growth worries hit world stocks, commodities Posted: 21 Jun 2012 07:08 AM PDT Rising concern about global growth triggered falls in shares and commodities on Thursday after data showed Chinese and European factory activity slowing and the Federal Reserve extended its stimulus policy due to a weakening US recovery. 
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| Oil at 18-month low on US, China data Posted: 21 Jun 2012 07:02 AM PDT Brent crude oil hit an 18-month low of $91 per barrel on Thursday as the outlook for economic growth darkened, pointing to lower-than-expected energy consumption worldwide. 
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| Rupee hits all-time low of 56.57 Posted: 21 Jun 2012 06:22 AM PDT The rupee today hit all-time low of 56.57 on sustained dollar demand from oil importers amid a sharp fall in crude prices, before the Reserve Bank intervened to help the local currency to recover some ground but it still ended 15 paise down at 56.30. 
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| Sensex regains 17k after 7 weeks Posted: 21 Jun 2012 04:38 AM PDT The Sensex staged a strong comeback today by surging 136 points and ended above 17,000 level for the first time in seven weeks on falling crude prices and investment bank JP Morgan upgrading the Indian market. 
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| Rupee tumbles 25 paise against dollar Posted: 20 Jun 2012 09:58 PM PDT Falling for the fourth day in a row, the rupee declined by 25 paise to 56.40 against the dollar in early trade today on the Interbank Foreign Exchange on stronger dollar against euro and Asian currencies overseas. 
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| Sensex down 43 points in early trade Posted: 20 Jun 2012 09:41 PM PDT The BSE benchmark index Sensex declined by over 43 points in early trade today on profit- booking by speculators after recent gains, amid mixed trend at the Asian markets. 
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