May 23, 2013 11:55 (IST)
The rupee fell to its lowest in over 8-1/2 months on Thursday, heading for a fifth consecutive session of falls, as the dollar rallied at the prospect the Federal Reserve might scale back its stimulus programme this year. (Read: Why the rupee has hit an 8-month low)
Melbourne | May 23, 2013 11:38 (IST)
Ford Australia chief executive Bob Graziano made the announcement as he revealed a loss of 141 million Australian dollars ($136 million) after tax in the last financial year, with losses of 600 million Australian dollars over the last five years.
May 23, 2013 11:37 (IST)
The BSE Sensex dropped over 350 points on Thursday tracking global weakness, while the 50-share Nifty traded below the key 6,000 mark. Indian markets are heading towards their fourth consecutive session of declines.
May 23, 2013 11:18 (IST)
The rupee declined for the fifth straight day against the dollar, marking its longest losing streak in over three months. It hit an over eight-month low of 55.92 against the greenback. The dollar-rupee pair has a resistance at 55.92, a break of which may open the way for 56. The rupee's fall has come despite strong foreign flows into stocks and debt markets this year.
May 23, 2013 10:02 (IST)
Ranbaxy Laboratories slumped as much as 6.6 per cent on Thursday after majority shareholder Daiichi Sankyo said it believes former shareholders of the Indian company hid information regarding U.S. regulatory probes.
May 23, 2013 09:47 (IST)
The rupee is at a new six-month low on global dollar strength after Bernanke testimony, says a dealer. The rupee is at 55.77/78 after falling to 55.86, last closed at 55.46/47.
May 23, 2013 09:39 (IST)
The BSE Sensex slipped below the key 20,000 mark as markets fell for the fourth straight day. The broader Nifty dropped below the key 6,050 mark before paring some losses.
May 23, 2013 09:18 (IST)
The BSE Sensex slipped below the key 20,000 in early trade on Thursday tracking weakness in Asian stocks. China's factory activity hit the lowest in seven months, dampening upbeat sentiments about the recovery in the world's second largest economy. Market analyst Sarvendra Srivastava advised traders to book profits after three consecutive days of losses have hit bullish sentiments on the Street.
Beijing, China | May 23, 2013 08:35 (IST)
China's factory activity shrank for the first time in seven months in May as new orders fell, a preliminary survey of purchasing managers showed, adding to concerns that a recovery in the world's second-largest economy is sputtering.
Vienna | May 22, 2013 23:34 (IST)
Srei Infrastructure Finance Ltd is poised to buy the domestic banking unit of nationalised Austrian lender Hypo Alpe Adria for 65.5 million euros, according to an Austrian daily.
Mumbai | May 22, 2013 23:06 (IST)
Bangalore-headquartered private lender ING Vysya Bank said on Wednesday that it hopes to raise Rs 2,000 crore in fresh capital by the first half of next month through a mix of preferential share allotment to the promoters as well as a qualified institutional placement.
Hyderabad | May 22, 2013 22:58 (IST)
NCC Ltd (formerly Nagarjuna Constructions) said on Wednesday that its net profit for the quarter ended March 31 soared over two fold to Rs 12.3 crore.
Mumbai | May 22, 2013 22:57 (IST)
Standard Chartered Bank (Mauritius) on Wednesday offloaded 16.30 lakh shares of Fortis Healthcare through open market transactions worth nealry Rs 16 crore.
New Delhi | May 22, 2013 22:52 (IST)
HSBC has sold 20 lakh shares of realty firm Unitech through open market transactions for about Rs 6 crore, resulting in marginal reduction in its stake.
New Delhi | May 22, 2013 22:24 (IST)
In good news for fliers of Air India Express, the low-cost arm of Air India, the airline management has decided to defer the proposal to charge for advance selection of seats.
New Delhi | May 22, 2013 21:50 (IST)
Indicating that the worst may be over for India's economy, Prime Minister Manmohan Singh said on Wednesday that the economic situation is turning around with inflation coming under control and the gross domestic product (GDP) growth likely to exceed 6 per cent in the current fiscal year.
May 22, 2013 20:35 (IST)
In real estate market, the component of black money and demand for black money is higher and this is why transparency in such transactions is lower. Therefore, it is very difficult to find a genuine dealer or party.
New Delhi | May 22, 2013 20:19 (IST)
Asserting that the government will last its full five-year term, Finance Minister P Chidambaram said on Wednesday that people should expect more reforms in the second half of 2014.
New York | May 22, 2013 19:59 (IST)
Wall Street extended gains on Wednesday immediately following prepared testimony from Federal Reserve chairman Ben Bernanke before a congressional panel.
New Delhi | May 22, 2013 19:55 (IST)
As government considered ending most airport charges in non-metro cities to encourage regional connectivity, the Airports Authority of India (AAI), which owns most airports in the country, wants free land, tax exemption and other freebies to help it waive these charges for airlines.