stock markets

Strike hits key sectors, industry puts loss at $2.2 billion (Roundup)


September 20th, 2012 - 9:25 pm ICT by IANS
New Delhi, Sep 20 (IANS) Economic and business activities across India was hit Thursday causing an estimated loss of around Rs.12,500 crore ($2.25 billion), a leading industry lobby said.The one-day ... Read more...

Posted in Business |

Be cautious, warns Pakistani daily over bullish stock market


August 18th, 2012 - 1:27 pm ICT by IANS
Islamabad, Aug 18 (IANS) The Karachi stock market has seen spectacular gains, yet a Pakistani daily warned that there is a good reason to be cautious.The Karachi stock market's recent ... Read more...

Posted in South Asia |

Spanish economy contracts


July 31st, 2012 - 1:06 pm ICT by IANS
Madrid, July 31 (IANS) The Spanish economy contracted 0.4 percent in the second quarter of the year, the Spanish National Statistical Institute (INE) reported.The main cause of this economic downturn ... Read more...

Posted in Business |

Sensex surges 284 points on firm cues from global markets


July 27th, 2012 - 3:15 pm ICT by IANS
Mumbai, July 27 (IANS) A benchmark index of Indian equities markets Friday was trading 284 points up in afternoon trade amid firm global cues and fresh buying in beaten ... Read more...

Posted in Business |

Rupee hits record low of 56.55 against dollar


June 21st, 2012 - 3:09 pm ICT by IANS
Mumbai, June 21 (IANS) The Indian rupee slumped to a record low of 56.55 against a dollar Thursday due to increased demand for the American currency by exporters and weak ... Read more...

Posted in Business |

Rupee closes at record low of 56.23 against dollar (Lead)


May 30th, 2012 - 9:27 pm ICT by IANS
Mumbai, May 30 (IANS) The Indian rupee hit a record closing low of 56.23 against dollar Wednesday due to increased demand for the American currency by importers for month-end payments ... Read more...

Posted in Business |

Rupee again slips below 56 against dollar


May 30th, 2012 - 4:09 pm ICT by IANS
Mumbai, May 30 (IANS) The Indian rupee slipped below the psychologically important level of 56 against a dollar Wednesday, for the first time in almost a week, and is ... Read more...

Posted in Business |

Sensex snaps 4-week losing streak, gains 65 points (Weekly market review)


May 26th, 2012 - 6:57 pm ICT by IANS
Mumbai, May 26 (IANS) Snapping a four-week losing streak, a benchmark index of the Indian equities markets gained 65 points this week as the hike in petrol price signalled ... Read more...

Posted in Business |

Rupee slide continues: hits new low of 54.60 against dollar (Lead)


May 17th, 2012 - 8:22 pm ICT by IANS
Mumbai, May 17 (IANS) The Indian rupee fell to a new record intra-day low for the second session in a row Thursday, despite the Reserve Bank of India's intervention, ... Read more...

Posted in Business |

Rupee recovers from record low; Sensex up


May 17th, 2012 - 2:31 pm ICT by IANS
Mumbai, May 17 (IANS) On the back of a rebound in equity markets, the Indian rupee recovered by almost 30 paise Thursday from the previous day's record intra-day low ... Read more...

Posted in Business |

Mukherjee hints at austerity as rupee dips to record low (Roundup)


May 16th, 2012 - 8:50 pm ICT by IANS
New Delhi, May 16 (IANS) The government is planning to introduce some austerity to aid fiscal consolidation, Finance Minister Pranab Mukherjee said Wednesday as the rupee slumped to a ... Read more...

Posted in Business |

China to surpass India as top gold consumer


February 19th, 2012 - 10:21 am ICT by IANS
Beijing, Feb 19 (IANS) China is set to surpass India as the world's top gold consumer this year, the World Gold Council (WGC) predicted.The demand for gold in China, the ... Read more...

Posted in Business |

Woman to head Brazilian oil giant


January 24th, 2012 - 2:42 pm ICT by IANS
Rio de Janeiro, Jan 24 (IANS/EFE) The Brazilian government has nominated Maria das Gra├žas Foster to succeed Jose Sergio Gabrielli as CEO of state-controlled oil giant Petrobras, the company said ... Read more...

Posted in Business |

Trust China’s stock market: official


January 4th, 2012 - 7:03 pm ICT by IANS
Beijing, Jan 4 (IANS) Investors should have confidence in China's stock markets, according to a top official.Guo Shuqing, chairman of the China Securities Regulatory Commission (CSRC), said China had the ... Read more...

Posted in Business |

US stocks slide on Europe concerns (Lead)


December 29th, 2011 - 6:24 am ICT by IANS
New York, Dec 29 (IANS) US stocks dropped Wednesday with the S&P; 500 back to negative territory for the year, as sentiment was still pressured by lingering European concerns.Italy Wednesday ... Read more...

Posted in Business |

South Korea’s investment in foreign securities falls in Q3


November 29th, 2011 - 1:36 pm ICT by IANS
Seoul, Nov 29 (IANS) Foreign securities invested by South Korea's financial institutions plunged in the third quarter due to sharp declines in the share price of major investment destinations, ... Read more...

Posted in Uncategorized |

Rupee falls below 52 against dollar


November 21st, 2011 - 6:41 pm ICT by IANS
Mumbai, Nov 21 (IANS) The value of the Indian rupee Monday fell below 52 against the US dollar for the first time in over two and a half years ... Read more...

Posted in Uncategorized |

India’s forex reserves drop by $326 mn


November 20th, 2011 - 3:27 pm ICT by IANS
Mumbai, Nov 20 (IANS) India's foreign exchange reserves fell by $326 million to $314.34 billion for the week ended Nov 11, declining sharply for the second straight week due to ... Read more...

Posted in Business |

RBI monitoring depreciating rupee: Mukherjee


November 19th, 2011 - 5:35 pm ICT by IANS
New Delhi, Nov 19 (IANS) Even as the rupee fell to a 32-month low against the dollar, pushing up the cost of imports, Finance Minister Pranab Mukherjee Saturday said ... Read more...

Posted in Business |

Rupee slumps to 32-month low against dollar


November 18th, 2011 - 9:23 pm ICT by IANS
Mumbai, Nov 18 (IANS) The value of Indian rupee slumped to Rs.51.30 against the US dollar Friday, the lowest in 32 months, due to increased demand for greenback from ... Read more...

Posted in Business |

Kingfisher Q2 losses at Rs.468 crore, board to meet again


November 15th, 2011 - 2:53 pm ICT by IANS
Mumbai, Nov 15 (IANS) Kingfisher Airlines, which continues to cancel many flights while struggling with an exodus of pilots and huge debts, Tuesday reported a net loss of Rs.468.66 ... Read more...

Posted in Business |

Kingfisher board to chalk out rescue plan


November 14th, 2011 - 9:37 pm ICT by IANS
Mumbai, Nov 14 (IANS) Cash-strapped Kingfisher Airlines' board is to meet here again Tuesday, after their Monday meet was inconclusive in chalking out a rescue plan for the carrier ... Read more...

Posted in Business |

Markets to hold special Diwali trading session Wednesday


October 25th, 2011 - 5:05 pm ICT by IANS
Mumbai, Oct 25 (IANS) Indian equities markets will hold a special 'muhurat' trading on Diwali evening Wednesday to pay obeisance to Lakshmi, the Hindu goddess of wealth and prosperity.The trading ... Read more...

Posted in Business |

Gold rush before Dhanteras: Jewellers


October 23rd, 2011 - 3:05 pm ICT by IANS
Kolkata, Oct 23 (IANS) The gold rush across India just before Monday's Dhanteras festival has made jewellers confident of increasing their business, though prices of the yellow metal show volatility ... Read more...

Posted in Business |

Sensex closes 200 points lower on global jitters, weak rupee


September 23rd, 2011 - 7:47 pm ICT by IANS
Mumbai, Sep 23 (IANS) A day after its steepest fall in over two years, a benchmark index for Indian equities Friday slipped almost 200 points further on negative cues ... Read more...

Posted in Business |

Global equities rout reaches India, Sensex crashes 704 points


September 22nd, 2011 - 8:57 pm ICT by IANS
Mumbai, Sep 22 (IANS) A sell-off in stock markets around the world Thursday affected Indian equities as well with a benchmark index plummeting 704 points - its worst fall ... Read more...

Posted in Business |

Rs.40,000 crore disinvestment target will be met: Official


September 13th, 2011 - 9:49 pm ICT by IANS
New Delhi, Sep 13 (IANS) The government will be able to meet the targeted Rs.40,000 crore through divesting its stake in public sector undertakings during the current financial year, ... Read more...

Posted in Business |

Overseas funds sold $1.5 bn in August


August 21st, 2011 - 3:13 pm ICT by IANS
Mumbai, Aug 21 (IANS) In tandem with the global sell-off in stock markets, overseas funds were net sellers in the Indian market in August to the tune of over ... Read more...

Posted in Business |

Economists see probability of US recession


August 16th, 2011 - 11:54 am ICT by IANS
Washington, Aug 16 (IANS/EFE) Economists see a 30 percent chance that the US will suffer another recession, a significant increase from their view three months ago, according to a survey ... Read more...

Posted in Business |

Indian mandarins seek to calm markets after US shivers (Roundup)


August 8th, 2011 - 6:59 pm ICT by IANS
New Delhi/Mumbai, Aug 8 (IANS) Indian policymakers Monday sought to lift the investor sentiments, sullied by the ratings downgrade of the US economy, with assertions that the domestic fundamentals ... Read more...

Posted in Business |

Limited impact of US debt crisis, Indian economy resilient: RBI


August 8th, 2011 - 4:08 pm ICT by IANS
Mumbai, Aug 8 (IANS) The Reserve Bank of India (RBI) Monday said the crisis emanating from downgrading of the US sovereign debt rating would have only limited impact on India ... Read more...

Posted in Business |

US credit rating downgrade worrisome: Pranab


August 6th, 2011 - 5:20 pm ICT by IANS
New Delhi, Aug 6 (IANS) Finance Minister Pranab Mukherjee Saturday expressed concern over downgrading of the US government credit rating and said the situation will be monitored closely."The situation ... Read more...

Posted in Business |

US Jobs report says that unemployment rate drops to 9.1%


August 5th, 2011 - 9:58 pm ICT by Aishwarya Bhatt
New York, Aug 5 (THAINDIAN NEWS) The US unemployment rate has dropped to 9.1% after about 117,000 nonfarm jobs were added to the economy in July. The job market performed much better ... Read more...

Posted in Business |

India’s central bank could raise rates once again


May 2nd, 2011 - 3:21 pm ICT by IANS
Mumbai, May 2 (IANS) With inflation still above comfort levels, fears of a ninth rate hike in 15 months loomed large as India's central bank was set to announce its ... Read more...

Posted in Business |

Markets await monetary policy on May 3


May 1st, 2011 - 5:11 pm ICT by IANS
Mumbai, May 1 (IANS) Traders at Indian equities markets will be eying the central bank very closely as it comes out with its annual monetary policy on May 3.The ... Read more...

Posted in Business |

« Previous Entries

Subscribe