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Marginal relief: Petrol price cut by 31 paise/litre, diesel by 71 paise

Jul 01, 2015 at 08:00 | Source: FirstPost

New Delhi: Petrol prices were on Tuesday cut by 31 paise per litre and diesel by 71 paise a litre in line with fall in international oil rates and rupee appreciation.The cut in petrol prices comes on back of three successive increases since May, whil...

Petrol price hiked by 64 paise; diesel cut by Rs 1.35 a litre

Jun 15, 2015 at 21:18 | Source: FirstPost

New Delhi: Petrol price was on Monday hiked by 64 paise a litre, but diesel price was cut by Rs 1.35 per litre in line with trend in global oil rates.This is the third increase in petrol price since May. However, in case of diesel, the reduction has ...

Solar firm drops after star investor denies buying stake| Reuters

Jun 10, 2015 at 23:30 | Source: FirstPost

MUMBAI Shares in Surana Solar Ltd (SURN.NS) dropped 13.6 percent on Wednesday, more than reversing steep early gains, after widely-followed investor Rakesh Jhunjhunwala denied exchange data showing he had bought the stock. Earlier, the shares rose as...

Larsen & Toubro profit down 27 pct but home market improving | Reuters

May 30, 2015 at 16:45 | Source: FirstPost

NEW DELHI/MUMBAI Industrial group Larsen & Toubro (LART.NS) reported a 27 percent drop in net profit in the three months through March, reflecting a fall in oil prices and a weak investment climate, but said it was more upbeat on prospects in its...

L&T sees profits drop 27 percent | Reuters

May 30, 2015 at 16:30 | Source: FirstPost

NEW DELHI Industrial group Larsen & Toubro (LART.NS) reported a 27 percent dip in net profit for the three months to end of March, as a fall in oil prices and challenges in some international projects hurt business.The company posted a profit of ...

India Inc seeks better pricing, FX relief to sell rupee bonds offshore| Reuters

May 30, 2015 at 02:15 | Source: FirstPost

MUMBAI/SINGAPORE India's plans to allow domestic firms to raise rupee-denominated debt abroad for the first time are being eclipsed by the rising cost of funds in international markets, making it harder for cash-starved businesses to take advantage ...

Germany seeks to sell Eurofighters to India, back submarine programme

May 27, 2015 at 19:47 | Source: FirstPost

New Delhi: Germany's defence minister held out the prospect of more talks on a possible sale of Eurofighter jets to India and, on a visit to New Delhi, said on Wednesday Berlin stood ready to back a multi-billion-dollar Indian submarine project.Prime...

Sensex surges nearly 250 points; inches towards 27,900 mark; rupee down

May 20, 2015 at 10:19 | Source: FirstPost

Key equity benchmark indices opened on a buoyant note early Wednesday, with the Sensex inching towards the 27,900-mark as heavy buying was seen in power, banking and software shares.A day after the markets ended with a negative bias, the Sensex opene...

Supreme Court bars Glenmark from selling Merck drug copies| Reuters

May 16, 2015 at 00:45 | Source: FirstPost

MUMBAI The Supreme Court of India has barred Glenmark Pharmaceuticals (GLEN.NS) from making and selling copies of U.S. drugmaker Merck's (MRK.N) diabetes drugs Januvia and Janumet, according to a court document released on Friday.The court has, howev...

Vedanta Resources takes $4.5 billion writedown as oil drags | Reuters

May 15, 2015 at 03:15 | Source: FirstPost

Vedanta Resources Plc (VED.L) posted a full-year loss after a sharp drop in crude prices precipitated a $4.5 billion writedown related to its Indian oil and gas business.The company's London-listed shares fell as much as 4 percent early on Thursday b...

Gold demand in Asia hit by weak local currencies; Indian prices at discount| Reuters

May 09, 2015 at 02:15 | Source: FirstPost

SINGAPORE/MUMBAI Gold buying across Asia was sluggish this week despite prices holding below $1,200 an ounce, as consumers waited for more clarity on market direction, with demand also hit by weak local currencies.Bullion prices in some of the top As...

Pound jumps after Britain's Conservatives lead election

May 08, 2015 at 12:17 | Source: FirstPost

The British pound jumped on Friday after exit polls showed Prime Minister David Cameron's Conservatives headed for victory, while the dollar won support on hopes for a solid US jobs report later in the day.In Tokyo afternoon trade, sterling fetched $...

Sensex crashes 723 points to 2015 low: Here's 3 reasons why investors are disenchanted with Modi govt

May 07, 2015 at 07:40 | Source: FirstPost

The Indian equity markets are nosediving. The Sensex, which has been on a roll ever since the BJP declared Narendra Modi as its prime minister candidate in September 2013, is clearly losing its fizz. The benchmark index has fallen 8 percent over the ...

Sensex crashes 723 points to 2015 low: Why investors are disenchanted with Modi govt

May 06, 2015 at 18:34 | Source: FirstPost

The Indian equity markets are nosediving. The Sensex, which has been on a roll ever since the BJP declared Narendra Modi as its prime minister candidate in September 2013, is clearly losing its fizz. The benchmark index has fallen 8 percent over the ...

Sensex crashes over 700 points: Why investors are disenchanted with Modi govt

May 06, 2015 at 15:48 | Source: FirstPost

The Indian equity markets are nosediving. The Sensex, which has been on a roll ever since the BJP declared Narendra Modi as its prime minister candidate in September 2013, is clearly losing its fizz. The benchmark index has fallen 8 percent over the ...

Jaya slams petrol price hike, demands revision of price fixation policy

May 01, 2015 at 14:41 | Source: FirstPost

Chennai: Slamming the recent hike in prices of petrol and diesel, AIADMK General Secretary J Jayalalithaa on Friday demanded revision of the price fixation policy for petroleum products."The increase in prices of petrol and diesel effected by Oi...

Asia FX sentiment bullish for first time in six months - Reuters poll| Reuters

May 01, 2015 at 01:30 | Source: FirstPost

SINGAPORE (Reuters) - Sentiment toward most emerging Asian currencies turned bullish for the first time in six months in recent weeks, a Reuters poll showed on Thursday, amid views that the U.S. Federal Reserve may wait longer before starting to rais...

Wipro promotes Premji heir apparent to board| Reuters

Apr 21, 2015 at 23:45 | Source: FirstPost

BENGALURU (Reuters) - Wipro Ltd, India's third-biggest software services exporter, has appointed the son of billionaire founder Azim Premji to its board, in a long awaited promotion that moves the chairman's heir apparent closer to the top spot.Risha...

Reuters poll - Asia FX sentiment improves further, bearish Sing dlr bets lowest in six months| Reuters

Apr 17, 2015 at 00:49 | Source: FirstPost

SINGAPORE (Reuters) - Sentiment towards emerging Asian currencies has improved further over the past two weeks with the Singapore dollar's short positions at the lowest in nearly six months, a Reuters poll showed, supported by expectations of a delay...

Iran Nuclear deal, Yemen evacuation will allow India to project power in region

Apr 10, 2015 at 13:30 | Source: FirstPost

The apparent rapprochement between the US and Iran is historic. After the 1979 overthrow of the Shah, this is the first time Iran has reached a semblance of normalcy and that is something positive: Iran is too large a power, and has too great a sense...

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