Sunday, June 24, 2012

Rupee rallies on hopes for currency measures

Rupee rallies on hopes for currency measures

Rupee rallies on hopes for currency measures

Posted: 24 Jun 2012 08:47 PM PDT

The rupee opened sharply higher against the dollar on Monday, rebounding from the record low of 57.32 hit in the previous session.

Domestic air fares cheaper than other nations: IATA

Posted: 24 Jun 2012 03:08 PM PDT

Average domestic air fares in India have been found to be lower than some major world aviation markets, including US and Britain, according to a study based on IATA data.

NRI deposit rates may go up

Posted: 24 Jun 2012 12:23 PM PDT

Just before resigning as finance minister, Pranab Mukherjee will sign off with a slew of measures on Monday to boost investors' sentiments and open the gates for enhanced capital inflows in a slowing economy.

Morgan Stanley to invest Rs 1.2k cr in wind power co

Posted: 24 Jun 2012 12:20 PM PDT

Morgan Stanley Infrastructure Partners has struck a deal to invest Rs 1,200 crore in Continuum Wind Energy, developing 500MW assets.

Solar power shines on photo voltaic panel price crash

Posted: 24 Jun 2012 12:18 PM PDT

Riding on the crash in photo voltaic (PV) panel prices, the solar power sector in India had a dream run last year with capacity ballooning to 940MW in 2011-12 from a paltry 20MW in 2010-11.

Gaana.com first music streaming app on MS Surface

Posted: 24 Jun 2012 12:10 PM PDT

Gaana.com is the first full-fledged music streaming application for India's store of Windows 8 Release Preview. It is also the first music serving application for Surface in India.

KV Kamath pushes Infosys for a big buy

Posted: 24 Jun 2012 12:08 PM PDT

Infosys Technologies chairman K V Kamath has advised the top leadership of the company to go for a sizable global acquisition within the next few months to turn around the flagging market sentiment about the IT major.

RIM considers splitting business in two

Posted: 24 Jun 2012 09:56 AM PDT

BlackBerry maker Research in Motion is considering splitting its business in two, separating its struggling handset manufacturing division from its messaging network, The Sunday Times reported.

Credit boom stokes risks in emerging markets: BIS

Posted: 24 Jun 2012 09:50 AM PDT

Loose global monetary conditions are stoking credit and asset price booms in some emerging markets that could lead to a new financial crisis, the Bank for International Settlements warned on Sunday.

Govt may cut spend, raise NRI deposit rates

Posted: 24 Jun 2012 09:36 AM PDT

The steps to be announced tomorrow by the government and the RBI may include raising the interest for NRI deposits, cutting down wasteful expenditures and unveiling a bond issue for overseas investors to improve capital inflows in the wake of the rout in rupee.

US bank Wells Fargo to move jobs to India soon

Posted: 24 Jun 2012 09:31 AM PDT

Even though the US is in the election mode and is under the anti-outsourcing Obama administration, the fourth largest lender there by assets, Wells Fargo has decided to move an unspecified number of jobs to India, as part of its plan to trim cost.

'High interest rates to impact Q1 results'

Posted: 23 Jun 2012 11:07 PM PDT

High interest rates and forex losses resulting from weakness in rupee will impact the first quarter (April-June) results of the corporates, an Assocham survey has said.
Posted by Harshad at 9:27 PM

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