Tuesday, 11 June 2013

Rupee hits new low at 58.98 against dollar

Rupee hits new low at 58.98 against dollar

Rupee hits new low at 58.98 against dollar

MUMBAI/ NEW DELHI: The Indian rupee fell for the second straight day on Tuesday, slumping to 58.98 against a dollar on continuing worries over current account deficit and increased demand for the US currency from importers. The partially convertible ...
CBI files case against Jindal Steel, shares plunge 15.4 percent

CBI files case against Jindal Steel, shares plunge 15.4 percent

By Krishna N Das. NEW DELHI | Tue Jun 11, 2013 5:02pm IST. NEW DELHI (Reuters) - The CBI said it filed a case on Tuesday against Jindal Steel and Power Ltd(JNSP.NS) over coal mining rights, a new setback for the ruling party amid a series of corruption ...
Sensex falls nearly 300 points; rupee continues to stoke outflow fears

Sensex falls nearly 300 points; rupee continues to stoke outflow fears

Mumbai: The BSE Sensex fell nearly 300 points on Tuesday to its lowest close in more than one and a half months, as the rupee tumbled to a record low, continuing to hit lenders such as ICICI Bank on dashed rate cut hopes. While suspected RBI intervention ...
Good response to Adani Group

Good response to Adani Group's institutional placement programme

Adani Ports and Special Economic Zone Ltd, India's largest private port developer and part of Adani Group, has raised roughly Rs 1,000 crore by issuing equity shares to qualified investors via an institutional placement programme (IPP). The company ...
Buy MCX Gold at Rs 28070; target Rs 28190: Dani Commodities

Buy MCX Gold at Rs 28070; target Rs 28190: Dani Commodities

Dani Commodities has come out with its report on commodities. According to the research firm, Gold for August delivery is trading down USD 3.2 at USD 1382.8 per ounce on the New York Mercantile Exchange. One can buy MCX Gold at Rs 28070 with a ...
ITC topples ONGC to become second most valued company

ITC topples ONGC to become second most valued company

FMCG major ITC today surpassed state-run energy giant ONGC to become the county's second most valued firm in terms of market valuation, with TCS at the top of chart. ONGC came behind ITC in the ranking of top-10 companies. At the end of today's trade, ...
Government could go in for NRI bonds to raise forex

Government could go in for NRI bonds to raise forex

NEW DELHI: Faced with declining rupee and rising Current account deficit, the government may come out with NRI bonds to attract overseas funds. "We will be looking at all options for safe financing of CAD.... It is still early days," Chief Economic Advisor ...
Andhra Pradesh High Court clears merger of Mahindra Satyam with Tech ...

Andhra Pradesh High Court clears merger of Mahindra Satyam with Tech ...

This scheme of amalgamation has already been cleared by various institutions such as CCI, BSE, NSE and Bombay High Court. Editor's Pick. Indian IT cos likely to pass on rupee gains to clients · Tech cos tread lightly in statements on US spying · Business ...
Mutual Fund assets reach record high of Rs 8.68 lakh cr in May: Crisil

Mutual Fund assets reach record high of Rs 8.68 lakh cr in May: Crisil

Mutual funds The country's 44 fund houses together had an average AUM of Rs 8.68 lakh crore in May. (Reuters). Related. Mutual Funds AUM up 18% at Rs 8.26 tn in April: Crisil · BSE Sensex down 190 pts, CRISIL shares up 20% · Standard & Poor's ...
Domestic Two-wheelers volumes to remain flat in FY14: ICRA

Domestic Two-wheelers volumes to remain flat in FY14: ICRA

ICRA expects the domestic 2W industry volumes remain flat in 2013-14 as demand slowdown as well as base effect catches up with the industry that has demonstrated a healthy volume expansion over the last three years at cumulative annual growth rate ...