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Coal India shares jump over 2% post Q4 results

Tue, 21 May 2013 07:02:18 GMT

Shares of Coal India Ltd today gained over 2% after the company reported nearly 90% jump in standalone net profit for the fourth quarter ended March 31.

Sensex fails to maintain early gains

Tue, 21 May 2013 06:44:20 GMT

Between gains and losses, the BSE Sensex failed to maintain the early momentum on selling pressure mainly in Auto, realty, power and capital goods counters amidst bearish Asian cues.

Rupee trims early gains, still up by five paise

Tue, 21 May 2013 06:34:54 GMT

The rupee trimmed its initial gains, but was still trading higher at 55.06 against the dollar in late morning deals owing to exporters selling, despite higher dollar overseas.

Vodafone posts biggest fall in service revenue

Tue, 21 May 2013 06:21:23 GMT

Vodafone posted its largest ever quarterly fall in key organic service revenue on Tuesday, prompting it to keep hold of a dividend from its US arm and reinvest it into the business and not return it to shareholders

Gold futures recover on global cues

Tue, 21 May 2013 06:01:01 GMT

Gold prices recovered by Rs 70, or 0.27% to Rs 26,274 per 10 grams in futures trade as speculators created fresh positions taking positive cues from the global market.

Rupee up 16 paise vs dollar in early trade

Tue, 21 May 2013 04:36:58 GMT

The rupee on Tuesday strengthened by 16 paise to trade at 54.95 against the dollar at the Interbank Foreign Exchange on selling of the US currency by exporters.

Sensex recovers by 35 points in early trade

Tue, 21 May 2013 04:32:06 GMT

The BSE benchmark index Sensex on Monday recovered by over 35 points in early trade on selective buying by funds and retail investors in banking, IT and oil stocks.

Finance minister bats for merger of PSBs

Mon, 20 May 2013 23:56:37 GMT

Consolidation among public sector banks (PSBs) is back in focus with finance minister P Chidambaram stating that some among the 26 state-owned lenders may be better off merging.

Ministries at war over price formula

Mon, 20 May 2013 22:54:11 GMT

The petroleum ministry has sought Prime Minister Manmohan Singh's intervention to block the finance ministry's move to change the formula to "compensate" state-run firms for selling fuel below the international price.

RBI links inflation bonds to WPI, may look at CPI later

Mon, 20 May 2013 22:46:58 GMT

Inflation-indexed bonds - the government's strategy to promote savings despite runaway prices - will make its debut next month with several limitations which might reduce its attractiveness for retail investors.

Gold hits 21-month low, slide likely to continue

Mon, 20 May 2013 22:42:02 GMT

While the price of the yellow metal fell by Rs 300, touching a 21-month low of Rs 26,370 per 10 gram, silver declined by Rs 1,530 to Rs 42,170 per kg in the capital - a level that was last seen in November 2010.

Foreign investors can buy inflation bonds

Mon, 20 May 2013 15:37:24 GMT

India's new inflation-linked bonds will be sold to foreign investors as part of an up to $25 billion investment limit for government debt allotted for demand from overseas, Reserve Bank of India officials said today.

Domestic pharma market may recover

Mon, 20 May 2013 12:55:31 GMT

The domestic pharma market seems to be on a rebound. After a phase of low growth (November'12-March'13), the pharma retail market has shown signs of recovery with a 9.7% growth in April this year, as against 5.6% in March 2013, according to data from AIOCD AWACS.

Oil ministry recommends gas price hike to $6.7

Mon, 20 May 2013 11:54:37 GMT

Oil ministry has moved a Cabinet note to raise the price of natural gas produced by government-owned ONGC and OIL as well as private firms like Reliance Industries to $6.7, less than $8-8.5 hike previously expected.

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

Mon, 20 May 2013 11:12:56 GMT

Gold today 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.

Sensex snaps four-day winning streak

Mon, 20 May 2013 10:32:28 GMT

The BSE Sensex snapped a four-day winning streak on Monday, retreating from two-and-a-half-year highs as investors booked profits on rate-sensitive stocks such as ICICI Bank.

Silver dips to 31-month low

Mon, 20 May 2013 06:31:55 GMT

Silver futures on Monday tumbled 4 per cent to hit the lower circuit at Rs 40,912 per kg, the lowest level in 31 months, largely in tandem with a weakening trend overseas.

Rupee falls below 55 level against dollar

Mon, 20 May 2013 06:17:03 GMT

The rupee lost 12 paise to trade below 55 level against the dollar on sustained demand of the US currency from importers despite lower dollar overseas.

Gold prices fall by 1.54% in futures trade

Mon, 20 May 2013 05:35:57 GMT

Gold prices on Monday fell by Rs 399, or 1.54%, to Rs 25,556 per ten grams in futures trade in line with weak overseas trends.

'No case for S&P ratings downgrade'

Mon, 20 May 2013 05:33:03 GMT

There is no case for downgrading India's sovereign credit rating, economic affairs secretary Arvind Mayaram told the news channel ET Now on Monday, after Standard & Poor's reiterated its negative outlook on the country's credit rating.

Sensex gains 138 points in early trade

Mon, 20 May 2013 04:37:34 GMT

The BSE benchmark index Sensex surged by nearly 138 points in early trade on sustained buying by funds and retail investors triggered by a firming trend on other Asian bourses.

HC clears Vodafone-Indus tower merger

Sun, 19 May 2013 20:19:38 GMT

A recent Delhi high court order allowing the merger of Vodafone Essar's tower assets into Indus Towers will finally clear all legal hurdles for the tower company - a joint venture between India's top three private mobile operators Bharti Airtel, Vodafone and Idea Cellular originally proposed in 2008.

Take away 3 RIL gas finds: DGH

Sun, 19 May 2013 20:10:56 GMT

DGH has since February 2010 refused to recognize D-29, D-30 and D-31 as (commercial) discoveries since RIL did not conduct separate tests for confirming the finds prescribed in its contract with the government.

Everstone nets Rs 1.3k cr for warehouses

Sun, 19 May 2013 20:10:47 GMT

Everstone Capital, one of the largest India-focused private equity firms, has raised $250 million (over Rs 1,350 crore) from global investors to build industrial warehousing in the country.

Pesky calls & SMSs back, Trai looks for a fix

Sun, 19 May 2013 20:10:45 GMT

From beating the heat at a nearby water park or a resort in the Himalayas to the latest real estate development in town, pesky messages have made a strong comeback.