Sunday, November 25, 2012

Rupee recovers 8 paise against dollar

Rupee recovers 8 paise against dollar

Rupee recovers 8 paise against dollar

Posted: 25 Nov 2012 08:38 PM PST

The rupee recovered by 8 paise to 55.43 against the American currency in early trade on Monday, snapping a four-session losing streak, at the Interbank Foreign Exchange on dollar selling by exporters and some banks.

Jet Airways gains over 10% on stake sale reports

Posted: 25 Nov 2012 08:24 PM PST

Shares in Jet Airways rose over 10 percent on reports of a stake sale to Etihad Airways, dealers said.

Sensex up 76 points in opening trade

Posted: 25 Nov 2012 08:13 PM PST

The BSE benchmark Sensex recovered by over 76 points in the opening trade on Monday on fresh buying by funds and retailers after previous session's losses on investor concerns over economic reforms as Parliament was adjourned.

Detroit union backs Hyundai, Maruti workers

Posted: 25 Nov 2012 03:04 PM PST

Workers at Hyundai and Maruti plants, who have repeatedly agitated for wage hikes and regularizing contracts, have received support from an unexpected quarter.

Govt readies plans to check 'fraudulent firms'

Posted: 25 Nov 2012 02:52 PM PST

The ministry of corporate affairs is drawing up an action plan which includes setting up of an early warning system aimed at preventing "dubious firms" duping investors by promising high returns and other inducements.

Gold may touch Rs 35k by year-end

Posted: 25 Nov 2012 02:46 PM PST

Gold prices are expected to remain firm in the weeks ahead and stay in the Rs 33,500-35,000 range by the end of the year, analysts said.

Let foreign experts review output: RIL

Posted: 25 Nov 2012 02:46 PM PST

Though the letter does not name Arvind Kejriwal, it challenges the anti-corruption activist's recent allegations of gas hoarding by RIL.

IITF gets 1.30L visitors on Sunday

Posted: 25 Nov 2012 05:56 AM PST

Over 130,000 people thronged the India International Trade Fair here Sunday.

Citi names Sharma as MENA consumer banking head

Posted: 25 Nov 2012 05:36 AM PST

Citigroup Inc has appointed Dinesh Sharma as its consumer banking head for the Middle East and North Africa, the US bank said in a statement on Sunday.

Egypt's stock market dips after Morsi's decree

Posted: 25 Nov 2012 05:27 AM PST

Egypt's benchmark stock index has plunged 9.5 percent halfway through the first trading session since the country's Islamist president issued decrees to assume near absolute powers.

Aston Martin at centre of bid war after M&M offer

Posted: 25 Nov 2012 05:17 AM PST

Aston Martin stands at the centre of an international takeover battle after Mahindra and Mahindra trumped an Italian bid for half of the British luxury car maker.

Dial *99# to become mobile banking user

Posted: 24 Nov 2012 10:10 PM PST

The government is set to reduce cash from the economy using a three-pronged strategy of Aadhaar accounts, mobile bankings and electronic payments.

European banks urge one-yr delay for Basel III rules

Posted: 24 Nov 2012 07:02 AM PST

European banks have asked the European Commission to postpone the introduction of tougher global bank capital rules by a year to 2014 after U.S. regulators told lenders they did not expect the new regulations to take effect in 2013.

Centre can consider 20-yr term loan: Amit Mitra

Posted: 24 Nov 2012 06:33 AM PST

West Bengal government, reeling under a massive debt burden, today suggested the Centre could consider a term loan of 20 years, debt restructuring and a 3-year moratorium on interest payment to help the state tide over its financial problem.

India defends its IKEA rebuff

Posted: 24 Nov 2012 04:37 AM PST

A top government official on Saturday defended India's decision to permit IKEA to sell only furniture products in the country, curtailing the Swedish retailer's investment plans in a fast growing consumer market.
Posted by Harshad at 9:43 PM

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