Tuesday, December 4, 2012

Rupee up 20 paise against dollar in early trade

Rupee up 20 paise against dollar in early trade

Rupee up 20 paise against dollar in early trade

Posted: 04 Dec 2012 08:25 PM PST

The rupee on Wednesday rose by 20 paise to 54.48 against the dollar in early trade at the Interbank Foreign Exchange market on continued selling of the US currency by exporters and banks.

India Inc to get 9-9.4% salary hike: Report

Posted: 04 Dec 2012 12:48 PM PST

Chief executives and other senior executives across Indian companies are likely to get an average increment of 9% and 9.4% respectively in the coming year.

We’ll keep fiscal deficit within 5.3% in FY13: Govt

Posted: 04 Dec 2012 12:25 PM PST

The government on Tuesday outlined the strong fundamentals of the economy and said it was committed to rein in fiscal deficit within the target of 5.3% of gross domestic product.

Pilot to pitch for tax relief on CSR spend

Posted: 04 Dec 2012 12:20 PM PST

The corporate affairs ministry on Tuesday said it would pitch for tax exemptions for companies that spend 2% of their net profit on CSR activities as proposed in the new Companies Bill, even as it refused to make the spending mandatory.

Spotlight on Indovation amid financial crisis

Posted: 04 Dec 2012 12:16 PM PST

Tata Nano cars, GE's portable ECG device, Pureit water filters and Micromax phones are just a few of the visible innovations from India as several more ideas have gained prominence globally.

British Airways plans to cut 400 cabin crew jobs

Posted: 04 Dec 2012 08:36 AM PST

British Airways is in talks with a trade union over plans to cut 400 senior cabin crew jobs, adding to pressure on parent International Consolidated Airlines Group , which is already facing holiday season strikes at its Iberia business.

Vedanta to close alumina refinery in Odisha

Posted: 04 Dec 2012 06:27 AM PST

Vedanta Aluminium Limited (VAL) Tuesday said it was shutting down its alumina refinery in Odisha from Wednesday due to shortage of bauxite.

Tata Housing sells houses for Rs 350cr in Gurgaon

Posted: 04 Dec 2012 05:49 AM PST

Tata Group's realty firm Tata Housing Development Company Ltd on Tuesday said it has sold 150 luxury homes for Rs 350 crore at Gurgaon within just two days of launch.

Rupee rebounds by 9 paise against dollar

Posted: 04 Dec 2012 04:56 AM PST

Recouping early losses, the rupee on Tuesday ended higher by nine paise at 54.68 against the dollar on investor hopes of Parliament giving approval to FDI in mutli-brand retail, amid renewed selling of the US currency.

Sensex closes 43 points high

Posted: 04 Dec 2012 04:01 AM PST

The BSE benchmark Sensex closed 43 points higher on the back of good buying in Tata Power, RIL and SBI amid a firming European trend.

Sahara case hearing deferred to Wednesday

Posted: 03 Dec 2012 11:18 PM PST

The Supreme Court deferred until Wednesday a hearing over the Sahara conglomerate's failure to meet the court's guidelines to repay billions of dollars it had raised from investors through bond sales that were later ruled to be illegal.

Jet Airways shares at 52-week high

Posted: 03 Dec 2012 10:40 PM PST

Shares of Jet Airways on Tuesday surged 7 per cent to touch its one-year high level in morning trade amid reports of a possible deal between the airline and United Arab Emirates' Etihad Airways for stake sale.

Sensex recovers by 23 points

Posted: 03 Dec 2012 10:18 PM PST

The BSE benchmark sensex recovered by 23 points after showing initial losses in the late morning trade.
Posted by Harshad at 9:18 PM

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