Thursday, November 22, 2012

Rupee down 15 paise against dollar

Rupee down 15 paise against dollar


Rupee down 15 paise against dollar

Posted: 22 Nov 2012 09:03 PM PST

The rupee declined for fourth day in a row by losing 15 paise to Rs 55.36 per dollar in early trade today following sustained dollar demand from importers.


Sensex up 32 points in early trade

Posted: 22 Nov 2012 08:58 PM PST

Rising for the third day in a row, the BSE benchmark sensex gained over 32 points in early trade today on sustained buying by funds and retailers on hopes of economic reforms amid a firming trend in Asian region.


119 journalists killed in 2012: Report

Posted: 22 Nov 2012 07:46 PM PST

A total of 119 journalists have been killed while on assignment so far this year, the Vienna - based International Press Institute (IPI) said.


Asian shares set for weekly gain as outlook improves

Posted: 22 Nov 2012 07:44 PM PST

Asian shares marked time on Friday but were on course for a weekly gain of nearly 2%, after manufacturing surveys from China and the United States raised hopes that the global growth outlook is improving at last.


Vodafone blocks Aircel SMSs for not paying fee

Posted: 22 Nov 2012 04:03 PM PST

Vodafone has blocked all short messaging services (SMSs) to the Aircel network over the issue relating to non-payment of termination charges. Airtel had already blocked Aircel just before Diwali.


Do govt, Trai understand reserve fees at all?

Posted: 22 Nov 2012 04:00 PM PST

Somehow, the bitter aftertaste of the auctions suggests that the Government wanted to "shoot and scoot" – without bothering what the impact such a move would have on the industry's sustainability or on subscribers. Or was it possible that the reserve fee was kept this high to favor one particular business group?


Islamic banking not possible: Subbarao

Posted: 22 Nov 2012 03:58 PM PST

Islamic banking won't be possible in the country due to legal problems, RBI Governor D Subbarao has clarified.


Rupee drops for third day in a row

Posted: 22 Nov 2012 06:30 AM PST

The rupee weakened for a third straight session on Thursday as persistent dollar buying by oil refiners and absence of major dollar inflows due to a holiday in the United States hurt the local unit.


Fiscal deficit could reach 5.5-5.6% in FY13: Source

Posted: 22 Nov 2012 04:09 AM PST

India's fiscal deficit could reach 5.5-5.6 per cent of GDP in the current fiscal year that ends in March, forcing the government to borrow up to 400 billion rupees extra from the market, a senior government official told Reuters on Thursday.


Eurozone in deep downturn as China, US tick up

Posted: 22 Nov 2012 04:06 AM PST

The eurozone economy is on course for its deepest downturn since early 2009, while Chinese factories returned to growth last month bringing better news for the world economy, business surveys showed on Thursday.


Sensex advances 57 points

Posted: 22 Nov 2012 03:30 AM PST

The BSE barometer Sensex rose for the second straight day today gaining nearly 57 points on selective buying in banking, IT and FMCG stocks after positive signs that the government might push through its economic reforms to boost economic growth.


Cadbury India under probe in tax case

Posted: 22 Nov 2012 01:28 AM PST

India is investigating Cadbury's local unit for possible tax evasion, a minister said on Thursday, in a probe involving about 2 billion rupees ($36.29 million).


Sensex sheds early gains, still up 47 points

Posted: 21 Nov 2012 10:28 PM PST

The BSE benchmark sensex trimmed early gains but was still up by 47 points in late morning trade today on sustained buying in PSU, banking, auto, realty and capital goods sectors amid hopes of more reform measures by government in the winter session of Parliament.


Rupee down 6 paise against US dollar

Posted: 21 Nov 2012 10:04 PM PST

The rupee surrendered its initial gains against the dollar, losing six paise to 55.18 in the late morning trade today on fresh demand for the US currency from banks and importers.


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