Monday, June 4, 2012

RBI hints at rate cut, cheers Street

RBI hints at rate cut, cheers Street

RBI hints at rate cut, cheers Street

Posted: 04 Jun 2012 04:20 PM PDT

The Reserve Bank of India on Monday raised hopes of an interest rate cut in its forthcoming monetary policy review on June 18, helping the sensex recover almost 200 points from its intra-day low.

No headroom for stimulus: Pranab Mukherjee

Posted: 04 Jun 2012 04:16 PM PDT

Finance minister Pranab Mukherjee on Monday virtually ruled out a stimulus to revive the flagging economy, citing the stressed fiscal situation.

Air India gets Rs 1,200 crore, will pay pending salary

Posted: 04 Jun 2012 04:06 PM PDT

The government pumped in Rs 1,200 crore as equity in cash-strapped Air India on Monday. The airline will now pay Rs 250 crore as salary to all employees by Wednesday - except the 400-odd pilots of erstwhile AI, who have been on strike since May 7.

India has not lived up to its research potential: Narayana Murthy

Posted: 04 Jun 2012 03:21 PM PDT

India hasn't arrived, thus felt N R Narayana Murthy, chairman emeritus at IT bellwether Infosys.

TCS makes over 43,000 campus offers for fiscal 2013

Posted: 04 Jun 2012 03:20 PM PDT

The country's biggest IT company Tata Consultancy Services has already made campus offers to 43,604 students across 389 colleges for fiscal 2013, the company's annual report released on Monday said.

Rupee ends 11 paise lower against dollar

Posted: 04 Jun 2012 06:55 AM PDT

The rupee touched a one-week high of 55.20 but late dollar demand from importers and foreign funds pulled it 11 paise down to close at 55.65 against the US currency, cutting short a two-day winning string.

Sensex bounces back on rate cut hopes

Posted: 04 Jun 2012 06:09 AM PDT

The 30-scrip Sensitive Index (Sensex) of the Bombay Stock Exchange (BSE) closed 0.15 percent or 23.24 points higher at 15,988.40 points, after hitting a five-month low of 15,748.98 points in the intra-day.

World stocks fall on US hiring report

Posted: 04 Jun 2012 02:23 AM PDT

The broader Topix index ended below the 700 mark for the first time since December 1983, Kyodo News Agency said.

Bajaj bike sales up 1% in May at 3.21 lakh units

Posted: 04 Jun 2012 12:01 AM PDT

The country's second largest two- wheeler maker Bajaj Auto on Monday reported 1.23% increase in motorcycle sales in May at 3,21,922 units.

Sony dips below 1,000 yen for first time since 1980

Posted: 03 Jun 2012 10:59 PM PDT

Sony's stock price fell below 1,000 yen on Monday for the first time since 1980 as global markets slide but also a symptom of its decline since huge success with the Walkman three decades ago.

Rupee down 4 paise against dollar

Posted: 03 Jun 2012 09:23 PM PDT

The rupee on Monday lost four paise to 55.58 against the US dollar in early trade as the American currency gained strength against euro and other Asian currencies.

Sensex down 162 points on weak cues

Posted: 03 Jun 2012 09:19 PM PDT

Continuing its slide for the fourth straight session, the BSE benchmark Sensex on Monday fell further by nearly 162 points in early trade due to sustained selling by foreign funds amid a weakening trend on other Asian bourses.

Tokyo market hits 28-year low

Posted: 03 Jun 2012 09:14 PM PDT

Asian shares tumbled on Monday, pushing the broader Tokyo market to a 28-year low, as investors extended a rout of global stocks and worried about a nightmare scenario of euro-zone breakup, US economic relapse and a sharp slowdown in China.

Reliance Brands, Brooks Brothers ink pact

Posted: 03 Jun 2012 11:49 AM PDT

Reliance Brands, a unit of energy major Reliance Industries, is bringing the oldest American men's clothier chain Brooks Brothers to India as it looks to create a strong portfolio of foreign labels in the fashion space.
Posted by Harshad at 9:04 PM

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