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BBC Hindi Service gets another lease of life. But can it survive beyond a year?
The Centre's game plan, as revealed by the Budget, is all about sustaining growth. But fixing implementation is the crucial next step.
Brent crude fell by almost USD 3, reaching a two-week low near USD 111 on investor pessimism that economic growth will slow in the wake of Japan's earthquake and tsunami, while easing unrest in the Middle East threw the focus back onto ample oil supplies.
Japanese authorities warned against the yen's rise as the currency rallied broadly early in Asia on Monday following Friday's devastating earthquake and tsunami in Japan.
Mcleod Russel, the world's biggest tea producer, is seeking to buy land in Africa to develop tea plantations, the Times of London reported on Monday.
Libyan leader Muammar Gaddafi urged Russia, China and India on Sunday to invest in Libya's oil sector, state television said.
The benchmark Nifty started the first day of the week on a flat note with a positive bias, after factoring in the news of the earthquake in Japan. The cooling off crude oil prices was another reason that helped the markets - Brent crude slipped to USD 111.9 a barrel, down by USD 1.94/bbl.
Indian rupee opened at 45.22-45.23 per dollar today as against closing of 45.23 per dollar on Friday.
Money Market Operations as on March 11, 2011
India has sent a reminder to Mauritius for its cooperation in the 2G spectrum scam probe citing information about some companies and its directors under the Mutual legal Assistance Treaty.
PTC India | GMR Infrastructure | Union Bank | GAIL | RIL | GTL Infra | Lupin | Bharti Airtel | BHEL | Hotel Leela and Cairn are stocks, which are in the news today.
In the early 17th century, long before the times of email and mobile phones, pigeons, barefoot runners and bullock carts were used to carry messages between one part of India to another.
Ganesha advises you strictly abstain from intraday trading during this week. You may observe a third class pattern every day of the week. It seems to be a gambling week for the arbitrage houses, mutual funds and FIIs.
In an attempt to effectively educate the masses about the complexities of communalism, a new graphical account addresses this age-old sensitive issue.
The broad market indices also traded within the band without any decisive price action. Therefore, on the immediate front, the market looks to be sideways and contracted before the next round of decisive price action.
A new explosion rocked Japan's stricken Fukushima Daiichi nuclear power complex on Monday, sending a plume of smoke into the air.
The coming session is likely to witness a resistance at the 5500 levels on advances above which the 5550 maybe tested. Support is likely at the 5375 below which the 5350 levels maybe seen.
Now technically the market is still in sideways zone and I would say that the market should be considered with a downward bias unless it crosses 5620 with force and if it crosses then we could see 5756 levels. However, the downside target is 5300-5200.
The support for the Nifty is at 5400-5300 and resistance at 5620.
The growing devastation in Japan may accelerate the short-term negative sentiment in a US equity market already seen as vulnerable, but ongoing weakness is likely to be confined to specific sectors.
The Dow Jones Industrial Average ended up 60 points or 0.5% at 12,044, after seeing recovery of 110 points from day's low of 11,936. It was down 1% for week while gained 4% YTD ((US markets had fallen nearly 2% a day ago)).
The exposure of Japan's three largest non-life insurers to earthquake premiums is around 3% of each of their total premiums, suggesting a limited impact on them from the massive quake that hit Japan on Friday, according to a report by Goldman Sachs.
The earthquake that devastated northeast Japan displaced the country's main island by 2.4 metres and even tilted the axis of the Earth by nearly 10 centimetres. The shock sounds awesome but it was imperceptible. History suggests the same will be true of the economic impact.
Japan will suffer an economic hit from Friday's devastating earthquake and tsunami and then get a boost from reconstruction, but forecasts are increasingly cautious as the scale of the disaster emerges.
A triple blow of earthquake, tsunami and one of Japan's worst nuclear accidents is set to damage the world's third largest economy, possibly more deeply and for longer than initially expected.
