Monday, 20 May 2013

Rupee ends little above 2-1/2 month low

Rupee ends little above 2-1/2 month low

Rupee ends little above 2-1/2 month low

Mumbai: The rupee weakened to its lowest level in two-and-a-half months on Monday, weighed down by heavy demand for the greenback from gold and oil importers along with choppy domestic shares. Sentiment remained weak after Standard & Poor's ...
India, China sign series of MoUs to address trade deficit issues

India, China sign series of MoUs to address trade deficit issues

India and China, on Monday, signed a series of memorandum of understandings (MoUs) on pharmaceuticals, buffalo meat and fisheries and an agreement on feed and feed ingredients to address the growing concern on trade deficit issues. The trade deficit ...
Sensex retreats from two-year high on valuation concern

Sensex retreats from two-year high on valuation concern

The Sensex has risen 4.1% this year, the most among benchmark measures in the BRIC group of the largest emerging nations. Photo: Hemant Mishra/Mint. Also Read. Asia shares surge on US gains · Opening Bell 20 May | RIL and Essar Oil in focus · Asia ...
Yahoo buying Tumblr for $1.1 bln, vows not to screw it up

Yahoo buying Tumblr for $1.1 bln, vows not to screw it up

By Jennifer Saba and Alexei Oreskovic. Mon May 20, 2013 7:44pm IST. REUTERS - Yahoo Inc(YHOO.O) said it is buying blogging service Tumblr for $1.1 billion cash, giving the struggling Internet pioneer a much-needed platform in social media to reach a ...
Coal India net profit in quarter soars 90% on dividend income

Coal India net profit in quarter soars 90% on dividend income

Coal India Ltd today reported a jump in standalone net profit at Rs 2,320.61 cr. Reuters. Top Stories. Spot-fixing: Petition in SC seeks stay on IPL matches, seeks SIT probe · India, China call for end to incursion issue, sign 8 deals to boost ties · Sanjay Dutt ...
Morgan Stanley to sell its Wealth Management Unit to Standard Chartered

Morgan Stanley to sell its Wealth Management Unit to Standard Chartered

Morgan Stanley on 20 May 2013 signed an agreement to sell its Indian wealth management unit to Standard Chartered. Financial terms of the deal were not disclosed. The sale of the unit underscores a growing trend of consolidation in Asia's wealth ...
Petroleum ministry for hiking gas price to $6.7

Petroleum ministry for hiking gas price to $6.7

In a move towards entering into a new pricing regime, the ministry of petroleum and natural gas has mooted $6.7 a million British thermal unit (mBtu) pricing for domestic natural gas applicable for Reliance Industries Ltd's KG-D6 from April 2014 and for a host ...
RBI says next series of IIBs could be linked to CPI

RBI says next series of IIBs could be linked to CPI

The Reserve Bank on Monday said the soon-to-be-launched inflation index bonds (IIBs) could also be linked to consumer price index (CPI) in the future. “The new instruments to be issued down the line when perhaps CPI index stabilises, we may move over ...
Govt proposes stronger powers to Sebi to tackle ponzi schemes

Govt proposes stronger powers to Sebi to tackle ponzi schemes

With an aim to provide stronger powers to Sebi for taking on perpetrators of ponzi schemes and other fraudulent activities, the government has proposed to arm the market watchdog with direct powers to carry out search and seizure operations and for ...
Gold price hits 21-month low, silver at weakest in over 2 yrs

Gold price hits 21-month low, silver at weakest in over 2 yrs

Gold price on Monday fell to its lowest level in 21 months and silver hit a 31-month low on heavy sell off by stockists, taking weak cues from overseas. While gold dropped by Rs 330 to Rs 26,370 per 10 grams, matching its price on August 10, 2011, silver ...