tag:blogger.com,1999:blog-65202915618254854152026-02-14T14:23:08.412+05:30Unknownnoreply@blogger.comBlogger6014125tag:blogger.com,1999:blog-6520291561825485415.post-37057133273026750072012-07-09T02:27:00.001+05:302012-07-09T02:27:05.752+05:30

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Unknownnoreply@blogger.com11tag:blogger.com,1999:blog-6520291561825485415.post-79085709430732045612012-07-09T02:25:00.001+05:302012-07-09T02:25:13.556+05:30

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Unknownnoreply@blogger.com1tag:blogger.com,1999:blog-6520291561825485415.post-70673364512197336262012-07-05T13:02:00.001+05:302012-07-05T13:02:50.911+05:30

Tracking a firming global trend, gold prices rose by Rs 96 to Rs 29,667 per 10 grams in futures trade today as speculators created fresh positions. Trading sentiment bolstered on speculation a decision by the European Central Bank to cut interest rates might fan inflation and raise demand for the precious metals as a safe haven. Gold climbed to near a two-week high in Singapore. At the

Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-6520291561825485415.post-60558498741122823712012-07-05T13:01:00.003+05:302012-07-05T13:01:55.764+05:30

Crude prices were mixed in Asian trade today amid caution ahead of a possible rate cut by the European Central Bank (ECB) when it meets later in the day, analysts said. New York's main contract, light sweet crude for delivery in August fell 77 cents to $86.89 a barrel while Brent North Sea crude for August delivery added 12 cents to $99.89. Crude traders were hoping for additional

Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-6520291561825485415.post-8743535077745134672012-07-05T13:01:00.001+05:302012-07-05T13:01:25.352+05:30

Gold held steady around $1,615 an ounce on Thursday, as the anticipation of a rate cut by the European Central Bank offset the impact of a stronger dollar. FUNDAMENTALS Spot gold was little changed at $1,614.79 an ounce by 0020 GMT. US gold futures contract for August delivery edged down 0.4% to $1,615.60. Investors are keeping an eye out for decisions by the ECB and Bank of England,

Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-6520291561825485415.post-67286097395895442442012-07-05T13:00:00.001+05:302012-07-05T13:00:37.278+05:30

The stock has gained 117% so far in 2012, as compared to 13% rise in the Sensex Nitin Fire Protection Industries has soared 17% to Rs 59 on the back of over three-fold jump in trading volume in trade today. A combined 1.92 million shares have already changed hands on the counter till noon deals, as against an average of around 450,000 shares that were traded daily in the past two weeks. The

Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-6520291561825485415.post-4244677020199402872012-07-05T12:59:00.003+05:302012-07-05T12:59:36.926+05:30

Goldman Sachs turns negative on Indian oil marketing companies, says any diesel price hike would "only reduce the losses in the near term, without any major positive impact on the profitability." Adds "high" interest costs also weigh. Goldman downgrades Indian Oil Corp and Hindustan Petroleum Corp to "sell" from "neutral" and Bharat Petroleum Corp to &quot

Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-6520291561825485415.post-72343417513275888562012-07-05T12:59:00.001+05:302012-07-05T12:59:05.359+05:30

Shares of Bajaj Group companies such as Bajaj Auto, Bajaj Finserv, Bajaj Holdings and Investment and Bajaj Finance are trading lower by 1-4% on turning ex-dividend today. The register of members & share transfer books of Bajaj Auto and Bajaj Holdings and Investment will remain closed from July 07, 2012 to July 18, 2012, and of Bajaj Finserv and Bajaj Finance from July 07, 2012 to July 17,

Unknownnoreply@blogger.com1tag:blogger.com,1999:blog-6520291561825485415.post-38443897849413139402012-07-05T12:58:00.001+05:302012-07-05T12:58:32.110+05:30

KEC International is trading higher by 6% at Rs 62 after the company said it has bagged orders worth Rs 795 crore across its transmission and power system segments in domestic and international markets. “In the transmission business, the company secured two orders worth Rs 546 crore from Power Grid Corp and one project worth Rs 54 crore from Sri Lanka's Ceylon Electricity Board,” the RPG Group,

Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-6520291561825485415.post-52113477531396918862012-07-05T12:57:00.003+05:302012-07-05T12:57:59.139+05:30

SKS Microfinance is trading higher by 6% at Rs 72.80 on reports that the Reserve Bank of India (RBI) may relax some of the norms pertaining to microfinance institutions. “The norms related to net worth, capital adequacy and provisioning needs of microfinance institutions (MFI) will be relaxed in phases to help troubled micro-lenders,” the report suggests quoting Dr D. Subbarao, Governor, RBI.

Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-6520291561825485415.post-66542228873289783202012-07-05T12:57:00.001+05:302012-07-05T12:57:24.842+05:30

Shares of companies in the retailing sector have rallied at the bourses in morning trades on hopes that the government may soon notify 100% foreign direct investment (FDI) in multi-brand retail business. Tata Group’s Trent has surged 11% to Rs 1,067, while Shoppers Stop rallied 10.5% to Rs 390, Provouge (India) surged 10% at Rs 19.70 and Kishore Biyani-led Future group's Pantaloon Retail (India)

Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-6520291561825485415.post-15185865826173568532012-07-05T12:56:00.001+05:302012-07-05T12:56:38.529+05:30

Shares of basmati rice exporters such as LT Foods, KRBL and Kohinoor Foods have rallied more than 10% each, after the government scrapped the minimum export price (MEP) on basmati rice to boost exports. "Basmati rice can be exported without any MEP," according to a notification by the directorate general of foreign trade, a PTI report suggests. Earlier this year, the government

Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-6520291561825485415.post-65948277343962286952012-07-05T12:54:00.003+05:302012-07-05T12:54:42.961+05:30

The rupee recovered marginally after breaching the 55-level against the dollar, but was still down 41 paise on good demand for the American currency from banks and importers. The dollar strengthened against other currencies as well in the overseas market. The rupee resumed trading lower at 54.80 per dollar as against the last closing level of 54.49 at the Interbank Foreign Exchange (Forex

Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-6520291561825485415.post-1893549869270649272012-07-05T12:54:00.001+05:302012-07-05T12:54:00.881+05:30

A ban on branded drugs stands to cut 'Big Pharma' out of the $5.4-bn windfall India has put in place a $5.4 billion policy to provide free medicine to its people, a decision that could change the lives of hundreds of millions, but a ban on branded drugs stands to cut Big Pharma out of the windfall. From city hospitals to tiny rural clinics, India's public doctors will soon be able to prescribe

Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-6520291561825485415.post-58254057772614420022012-07-05T12:49:00.001+05:302012-07-05T12:49:06.366+05:30

The government steps back from a directive issued to state-run banks that put a cap on holdings of bulk deposits and certificates of deposit (CDs) saying the rules were not final, banking sources said on Thursday. The move comes after several bankers expressed their unhappiness over the new measure. The finance ministry on Monday asked state-run banks to limit their reliance on high-cost

Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-6520291561825485415.post-91919513724955083022012-05-24T12:50:00.005+05:302012-05-24T12:50:58.651+05:30

The government may allow up to 2.5 million tonne sugar export under the Open General Licence (OGL) scheme in the 2011-12 marketing year ending in October. Before sugar export was brought under OGL earlier this month, the government had allowed export of 2 million tonnes of sugar in view of higher production. With effect from May 11, sugar export has been freed by putting it under OGL

Unknownnoreply@blogger.com2tag:blogger.com,1999:blog-6520291561825485415.post-10526663899661664642012-05-24T12:50:00.003+05:302012-05-24T12:50:30.295+05:30

The Bharatiya Janata Party (BJP) on Thursday heaved a major sigh of relief after the disgruntled Gujarat chief minister Narendra Modi decided to participate at the two-day party's national executive meeting which began here from today. Modi, who was reluctant to attend the meet, agreed after party leader and RSS pracharak Sanjay Joshi offered to resign as an invitee on the national executive.

Unknownnoreply@blogger.com1tag:blogger.com,1999:blog-6520291561825485415.post-83769549453591734932012-05-24T12:50:00.001+05:302012-05-24T12:50:05.060+05:30

Morgan Stanley and other underwriters have made a profit of about $100 million stabilizing Facebook stock since trading began on Friday, the Wall Street Journal said, citing people familiar with the matter. Facebook's listing, envisioned as a crowning moment for an eight-year-old company that has become a business and cultural phenomenon, has instead turned into a legal and public relations

Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-6520291561825485415.post-56512056047146324872012-05-24T12:49:00.001+05:302012-05-24T12:49:35.820+05:30

The dawn-to-dusk hartal called separately by LDF and BJP in Kerala to protest the increase in petrol price partially affected normal life across the state today. Early reports from different districts said shops remained closed in cities and towns and private buses were largely off the roads. Private vehicles are plying and no violence has been reported from anywhere, police said. The

Unknownnoreply@blogger.com1tag:blogger.com,1999:blog-6520291561825485415.post-67044310534520594872012-05-24T11:54:00.003+05:302012-05-24T11:54:49.813+05:30

Oil rebounded in Asian trade today as investors bought into the market after prices fell below $90 a barrel the previous day, analysts said. New York's main contract, West Texas Intermediate (WTI) crude for delivery in July was up 64 cents to $90.54 per barrel while Brent North Sea crude for July gained 92 cents to $106.48 in morning trade. Prices had slumped a day earlier as the dollar

Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-6520291561825485415.post-89182532024458955812012-05-24T11:54:00.001+05:302012-05-24T11:54:19.976+05:30

A new Boeing 787 Dreamliner aircraft, which is to be delivered to Air India, has successfully completed its first test flight in South Carolina, the plane manufacturing company has said. "The airplane will now be flown to Texas to be painted with Air India's livery before returning to Boeing's South Carolina plant for a mid-2012 delivery," an official statement said. This is the

Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-6520291561825485415.post-66381733446849327912012-05-24T11:53:00.003+05:302012-05-24T11:53:43.794+05:30

The deal that gave Goldman Sachs Group Inc a $5-billion boost from renowned investor Warren Buffet at the height of the 2008 financial crisis was "as top secret as you could get," a leading banker testified on Wednesday at the insider-trading trial of onetime Goldman board member Rajat Gupta. Gupta is accused of tipping Galleon hedge fund founder Raj Rajaratnam about the deal in an

Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-6520291561825485415.post-72561609410742353632012-05-24T11:53:00.001+05:302012-05-24T11:53:05.861+05:30

Wall Street stocks staged a late recovery and the euro flirted with a near two-year low on Wednesday as investors remained on edge about Greece's possible exit from the euro zone, which threatened to deepen the region's debt crisis and hurt an already fragile global recovery. Nervous investors piled into low-risk US and German government debt, sending their yields lower. The dollar also was

Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-6520291561825485415.post-62564077645406441862012-05-24T11:52:00.001+05:302012-05-24T11:52:26.278+05:30

A New York jury on Wednesday heard former Goldman director Rajat Gupta on a FBI wiretap casually discussing business with Raj Rajaratnam, the now-imprisoned hedge fund founder he is accused of tipping off about boardroom secrets. The 23-minute phone call on July 29, 2008 has no direct connection to the criminal charges against Gupta, but prosecutors played it to jurors to show the cozy

Unknownnoreply@blogger.com0tag:blogger.com,1999:blog-6520291561825485415.post-89798119837402553302012-05-24T11:51:00.003+05:302012-05-24T11:51:41.486+05:30

Facebook Inc is considering a stock-listing proposal put forward by the New York Stock Exchange, a source familiar with the situation told Reuters, in the wake of a disappointing initial public offering last week on the rival Nasdaq bourse. Facebook has exchanged phone calls and emails with NYSE Euronext and are considering their pitch, the source said without elaborating on specifics. The

Unknownnoreply@blogger.com0