Monday, October 22, 2012

Rupee gains 11 paise against dollar

Rupee gains 11 paise against dollar


Rupee gains 11 paise against dollar

Posted: 22 Oct 2012 09:22 PM PDT

The rupee rose by 11 paise to 53.36 against the US dollar in early trade at the Interbank Foreign Exchange on Tuesday.


Sensex rises marginally in opening trade

Posted: 22 Oct 2012 09:18 PM PDT

The BSE benchmark sensex rose marginally by 10 points in the opening trade in on selective buying by funds and retailers.


Slowdown shrinks job market by 20%

Posted: 22 Oct 2012 09:11 PM PDT

Green shoots of recovery may be sprouting in some sectors of the Indian economy such as capital goods, but the job market continues to be in the grip of a drought.


Jet Airways slashes Mumbai-London airfare to less than Rs 10,000

Posted: 22 Oct 2012 09:07 PM PDT

Jet Airways has slashed fares on the Mumbai-London sector to less than 10,000 per person, reviving memories of a price war that made fares on the South-east Asian routes from India one of the cheapest.


Ek Tha Tiger: The business of Yash Chopra

Posted: 22 Oct 2012 08:53 PM PDT

Speaking on the condition of anonymity, a banker estimates the valuation of just the studio, owned by Chopra, his wife Pamela and two sons Aditya and Uday, to be in the vicinity of $100 million.


KFA's revival tough, but not impossible: Ajit Singh

Posted: 22 Oct 2012 12:30 PM PDT

Employees aren't the only ones sceptical about Kingfisher management's assurances to have the suspended airline airborne again. Given the Rs 15,000 crore debt-cum-losses burden of the airline, even the aviation ministry only sees a remote chance for the airline to rise from ashes.


PM to meet chiefs of 25 PSUs today

Posted: 22 Oct 2012 11:49 AM PDT

Amid the government's push to reforms, PM Manmohan Singh will meet the chiefs of PSUs on Tuesday to discuss ways to push economic growth through enhanced investments, besides providing them greater autonomy and empowerment.


Revival plan for non-life business?

Posted: 22 Oct 2012 11:43 AM PDT

A revival package is on the anvil for non-life insurance companies on the lines of what was announced by the finance minister for the life insurance industry earlier this month.


Minister seeks to cut Plan spending

Posted: 22 Oct 2012 11:31 AM PDT

When the finance ministry starts its pre-budget consultations with other ministries later this week, it will have a stern message for them - cut down Plan expenditure.


Rupee snaps two-day fall, share gains boost

Posted: 22 Oct 2012 06:19 AM PDT

The rupee snapped two sessions of falls on Monday on the back of dollar sales, likely on behalf of foreign investors who were looking to bid at the auction of unused limits in government and corporate debt taking place later in the day.


Idea Cellular Q2 profit rises to Rs 2.4bn

Posted: 22 Oct 2012 05:22 AM PDT

Indian mobile phone carrier Idea Cellular on Monday reported its quarterly profit more than doubled, as expected, on the back of higher revenue.


HDFC second quarter profit rises 18.56 per cent

Posted: 22 Oct 2012 05:05 AM PDT

The company's profit for the first half of the current financial year has increased by 21.4 per cent to Rs.2,850.76 crore as compared to Rs.2,348.39 crore recorded during the first six months of 2011-12.


Sensex closes 111 points up; TCS rises

Posted: 22 Oct 2012 04:15 AM PDT

BSE benchmark Sensex today rallied by 111 points as investors were enthused by strong earnings from TCS and L&T, amid a firming global trend.


Sensex erases initial losses, gains 115 points

Posted: 22 Oct 2012 01:28 AM PDT

Wiping off all initial losses, the BSE benchmark Sensex traded higher by 115 points at midsession today led by software major TCS, amid firming Asian trend.


Dr Reddy's Labs to acquire OctoPlus NV

Posted: 21 Oct 2012 09:55 PM PDT

In a joint statement with OctoPlus, DRL said both the companies have reached conditional agreement in connection with an intended public offer by DRL or a wholly owned subsidiary of DRL.


Rupee gains 9 paise against dollar

Posted: 21 Oct 2012 09:30 PM PDT

The rupee today appreciated by 9 paise to 53.75 against the US dollar in early trade at the Interbank Foreign Exchange on selling of the American currency by exporters and banks.


Sensex down 81 points in opening trade

Posted: 21 Oct 2012 09:19 PM PDT

The BSE benchmark Sensex fell by over 81.43 points in the opening trade today on emergence of profit-booking at higher levels amid weakening Asian trend.


Kingfisher shares drop by 4.8 per cent

Posted: 21 Oct 2012 09:00 PM PDT

Shares in India's Kingfisher Airlines Ltd dropped 4.8 percent on Monday, after its licence was suspended on Saturday.

Kingfisher shares drop by 4.8 per cent

Posted: 21 Oct 2012 09:00 PM PDT

Shares in India's Kingfisher Airlines Ltd dropped 4.8 percent on Monday, after its licence was suspended on Saturday.


Companies bank on good return this festive season

Posted: 21 Oct 2012 04:38 PM PDT

In what could mark the return of the feel-good factor, consumer facing industries like consumer durables, apparel, home furnishing and luggage are optimistic about the outcome of the ongoing festive season.

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