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15 Jun 2012Business
ISTThe BSE benchmark Sensex recovered by over 124 points in early trade on Friday on fresh spell of buying by funds and retailers amid a strong trend in Asian markets.The 30-share barometer, which had lost 202.63 points in yesterday's trading on inflation concerns, rebounded by 124.20 points, or 0.74%, to 16,802.08.All sectoral indices, led by banking, realty and oil and gas, rose by up to 1.05%.S...
Source : DNA | 344 Day(s) AgoCategory : Business
Asian stock markets rose on Friday as investors waded back into riskier assets amid hopes thatJapan's Nikkei 225 index rose 0.3 per cent to 8,595.88. Hong Kong's Hang Seng added 1.2 per cent to 19,034.21 and Australia's S&P/ASX 200 rose 0.4 per cent to 4,059.80. South Korea's Kospi fell 0.6 per cent to 1,860.55 but benchmarks in Singapore, Taiwan and Indonesia rose.Jobs data out of the US led investors...
Source : Business Today | 344 Day(s) AgoCategory : Business
rose Friday amid expectation that central banks around the world would coordinate to announce stimulus measures to rejuvenate the global economic growth.The French CAC 40 index climbed 0.71 percent or 21.51 points to 3053.96. Shares of Total SA rose 1.19 percent and shares of Société Générale SA advanced 2.36 percent.Investors are hoping that the central banks will make sure that monetary easing measures...
Source : International Business Times | 344 Day(s) AgoCategory : Business
Myanmar: Coca-Cola will be resuming business in Myanmar after a 60-year absence, following a US decision to suspend investment sanctions against the country.US officials suspended the sanctions last month as the country has moved towards democratic reforms.Coca-Cola has said it will start doing business in Myanmar as soon as the US government issues a licence allowing them to do so.The country was...
Source : Zeenews | 344 Day(s) AgoCategory : Business
Just two days ahead of the Reserve Bank of India’s (RBI) all important monetary policy review on June 18, State Bank of India (SBI) today announced cut in lending rates between 0.5-3.5%, mainly for the small and medium enterprises (SME) and the agriculture...
Source : Moneycontrol | 344 Day(s) AgoCategory : Business
government, along with major financial regulators like Reserve Bank and SEBI, is working on a contingency plan to insulate Indian economy from the worsening"Contingency measures are there Measures are being worked out. For that, a separate committee is working," he said after a meeting of the sub-committee of Financial Stability Development Council (FSDC), chaired by RBI Governor"We have discussed...
Source : Business Today | 344 Day(s) AgoCategory : Business
compared to last year to 30,094 units during May, Tata Motors said in a statement.While sales of luxury sedans of Jaguar brand increased by 3 per cent in May to 4,342 units, Land Rover sales were up 42 per cent at 25,752 units.sales stood at 20,970 units in May 2012, up 6 per cent from the same month last year.Commercial vehicles sales grew 3 per cent to 45,025 units from the same month last year,...
Source : Business Today | 344 Day(s) AgoCategory : Business
LME is the world's largest exchange trading nonferrous metals, including copper and aluminiumThe Hong Kong stock exchange has struck a deal to buy the London Metal Exchange for £1.39bn (1.7bn euros; $2.15bn).Hong Kong Exchanges and Clearing said buying the 135-year-old LME would allow it to grow its business in Asia, and particularly in China.The LME is owned by its members, and the sale is conditional...
Source : BBC | 344 Day(s) AgoCategory : Business
by Judge Jed Rakoff following three weeks of testimony. If convicted on all conspiracy and securities fraud charges,and headed McKinsey & Co, of feeding private, market-moving information to his former friend and hedge fund manager Raj Rajaratnam, sentenced last year to 11 years in prison for insider trading."We are now approaching the most important part of this case, your deliberations," Rakoff told...
Source : Business Today | 344 Day(s) AgoCategory : Business
faced fresh trouble on Friday with its executive pilots serving a warning that they cannot maintain the truncated global flight schedule 'much longer' as they are stressed and do not want to jeopardise lives of pasengers and crew.These senior and management-level cockpit crew have been operating 38 out of 45 flights as part of a truncated international schedule after nearly 400 Air India pilots went...
Source : Rediff | 344 Day(s) AgoCategory : Business
 
 
 
 
 
 
 
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