Tuesday, January 8, 2013

Sensex up 61 points in early trade

Sensex up 61 points in early trade

Sensex up 61 points in early trade

Posted: 08 Jan 2013 08:26 PM PST

The wide-based National Stock Exchange index Nifty moved up by 13 points, or 0.22 per cent per cent, to 6,014.70.

UPA drives in its 1st strategic selloff

Posted: 08 Jan 2013 12:24 PM PST

The strategic divestment of this ailing tyre major got Cabinet and Parliament nod in late 2007 during the UPA-I regime, following suggestions from the Board for Reconstruction of Public Sector Enterprises (BRPSU).

Pharma companies adopt tough ethical norms

Posted: 08 Jan 2013 12:08 PM PST

The noose may get tighter for the pharma industry. After facing flak for illegal drug trials, and unethical marketing practices, the pharma industry seems to be pulling up its socks.

Fitch issues fresh ratings warning, govt unaffected

Posted: 08 Jan 2013 12:08 PM PST

Fitch, along with Standard & Poor and Moody's have put India's sovereign rating outlook in negative category, raising the prospect of putting it in the junk grade if the economic fundamentals do not improve over the next few months.

Indian-American pleads guilty in tax case

Posted: 08 Jan 2013 11:46 AM PST

A New Jersey client of HSBC Holdings pleaded guilty to charges that he hid as much as $4.7 million through Swiss and Indian accounts not declared to the US Internal Revenue Service.

Eurozone unemployment rate jumps to record 11.8%

Posted: 08 Jan 2013 06:17 AM PST

Europe's unemployment numbers are rising to worrying new records with dire figures from Spain especially underlining a growing north-south divide, official data showed on Tuesday.

RBI report on gold loans beneficial to companies

Posted: 08 Jan 2013 06:15 AM PST

The recent observations by the Reserve Bank of India on gold loan companies are expected to help NBFCs (non banking finance companies).

Rupee gains; Fitch warning clouds outlook

Posted: 08 Jan 2013 04:35 AM PST

The rupee rose on Tuesday helped by continued inflows into local equities, but a warning from Fitch on the country's ratings again highlighted the headwinds facing the domestic currency.

Sensex up 51 points on fag-end buying

Posted: 08 Jan 2013 03:04 AM PST

Paring initial losses, the BSE benchmark Sensex today gained 51 points to end at 19,742.52 on fag-end buying, mainly in SBI and ITC shares.

Outlook for auto industry stable in 2013: Fitch

Posted: 08 Jan 2013 01:46 AM PST

The outlook for the domestic auto industry this year is stable. Low demand in 2013 coupled with a capacity overhang and intensifying competition is likely to reduce industry operating margins.
Posted by Harshad at 9:17 PM

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