IT stocks fall as much as 5% on strong rupee
Mar 07, 2014 at 18:26 | Source:
MUMBAI: Bucking strong market sentiments, IT stocks today fell by as much as 5 per cent as the Indian rupee strengthened against the dollar. Shares of Wipro lost 3.25 per cent, while Infosys was down by 2.47 per cent and TCS went down by 0.72 per ce...
Indian markets lead EM stocks higher; Ukraine fears ease
Mar 07, 2014 at 17:01 | Source:
LONDON: Indian shares rallied to record highs on Friday on hopes of a market-friendly outcome to upcoming elections, leading broader emerging equities to six-week highs ahead of key US jobs data. Investors are awaiting the US payrolls numbers that c...
Rupee hits highest level in nearly 3-months: further upside seen limited
Mar 07, 2014 at 13:06 | Source:
NEW DELHI: Indian rupee has surged to its highest level in the last 3 months, scaling above 61 dollar mark in trade on Friday, recording its third consecutive days of gains. The rupee strengthened above 61 to the dollar to a near three-month high on ...
India poised to bounce back? 5 factors that may make magic for economy
Mar 06, 2014 at 14:06 | Source:
NEW DELHI: India's economic growth may have plunged below the 5% level, but a slew of recent economic indicators and global investors' sentiment may be just what the economy needs to get back on the path to sustained recovery. In fact, a growth turna...
Rupee at near three-month high; foreign fund inflows aid
Mar 06, 2014 at 12:41 | Source:
MUMBAI: The Indian rupee strengthened to its highest in nearly three months on Thursday afternoon, tracking gains in the domestic share market and after the country's current account deficit narrowed in the December quarter. The partially convertibl...
Silver imports seen falling on easier gold curbs
Mar 04, 2014 at 13:11 | Source:
MUMBAI: Shipments of silver to India are set to fall from last year's record level as investors anticipate an easing of curbs on gold imports, and as a looming election draws off "black money" that may have been invested in the precious metal. Lower...
Bonds fall to 2-month low as emerging markets reel
Mar 04, 2014 at 12:47 | Source:
MUMBAI: Government bonds hit their lowest in two months on Monday as fears over military tensions in Ukraine hit emerging markets and sent global crude prices surging, raising concerns about imported inflation. Bonds reeled in February, with yields r...
Dollar up vs. euro, ruble; yen at 1-month high
Mar 04, 2014 at 05:12 | Source:
NEW YORK (MarketWatch) —The dollar pushed higher against major rivals Monday after a round of better-than-expected U.S. data, but remained at a one-month low against the yen as tensions continued to flare up between Ukraine and Russia. The ICE dol...
Why should an NRI visit India just to cast his vote
Mar 03, 2014 at 19:22 | Source:
An NRI is often pilloried for running away from the country instead of serving it. Implicit in the criticism is his role in the festering problem of brain drain and accentuating it. But the government itself takes a kinder view of his supposed abdica...
UPA seems to consider itself unquestionable: Jaya on petrol price hike
Feb 28, 2014 at 22:37 | Source:
Chennai: Slamming the Centre for hike in prices of petrol and diesel, Chief Minister Jayalalithaa said the UPA government seemed to consider itself "unquestionable". But, people have to bear with this problem only for three more months afte...
Ruble near 5-year low vs. dollar on Ukraine tensions
Feb 28, 2014 at 12:32 | Source:
NEW YORK (MarketWatch) -- The U.S. dollar gave up gains against the Russian ruble late Thursday but still hovered near its highest level in nearly five years, as tensions between Russia and Ukraine continued to escalate. In the U.S., Federal Reserve...
Sensex, rupee set to outperform in emerging market basket
Feb 23, 2014 at 14:00 | Source:
The week ahead should see the Sensex test the 21000 levels after 4 weeks of consolidation. With foreign flows turning positive also expect Indian rupee and stocks to outperform in the emerging market basket of countries. A late rally on Friday saw th...
Did the Indian government deliberately allow the rupee to fall?
Feb 21, 2014 at 13:31 | Source:
MUMBAI: The Indian rupee has been holding 61-62 per dollar levels even as the US Federal Reserve minutes indicate that it will continue with its stimulus tapering program. When the US Federal Reserve had announced plans to taper quantitative easing ...
Wilmar deal: Not much for Renuka investors
Feb 21, 2014 at 06:31 | Source:
The proposed deal between Shree Renuka Sugars and Wilmar is certain to disappoint investors, as the stake sale will be at a 10% discount to the current market price. Besides, it will only partially address the company's debt problems. The Renuka Suga...
Report: Connaught Place drops to eighth most expensive office location
Feb 18, 2014 at 13:46 | Source:
The Hindu BusinessLine
New Delhi’s Connaught Place fell four notches on the global real estate rankings to settle as the eighth most expensive office location in the world due to a weaker Indian rupee, according to an annual survey by real estate consultant Cushman ...
Sensex closes 255 pts lower, falls most in 10 days
Feb 14, 2014 at 05:07 | Source:
The benchmark Sensex on Thursday slid 255 points, its biggest fall in ten days, dragged down by earnings-related disappointments in bluechips like Cipla and Coal India, amid a weak trend in global markets.The BSE index, which had gained 114 points i...
Sensex down 255 points, drops most in 10 days; CIL, Cipla tank
Feb 13, 2014 at 17:11 | Source:
MUMBAI: The benchmark Sensex today slid 255 points, its biggest fall in ten days, dragged down by earnings-related disappointments in bluechips like Cipla and Coal India, amid a weak trend in global markets. The BSE index, which had gained 114 point...