Advertisement

HindustanTimes Wed,26 Nov 2014

Business

Rupee slips 18 paise to 61.94 vs dollar, logs 1st drop in 3 days

Bucking a strong trend in share market, the Indian rupee on Monday gave up all its initial gains and slipped 18 paise to close at 61.94 against the Greenback on rising dollar demand from importers.

Wanted: SAARC tech hub in Lanka

India’s IT sector faces new challenges. It is clear that quality skills are not easily available any more in India. It is time for Indian IT players to think Sri Lanka —and possibly, the beautiful eastern port city of Trincomalee, writes N Madhavan.

Refinance power loans, ease norms for banks: govt panel

This means that banks would be able to give these projects more time for repayment, increase tenure of loans and categorise these power projects as standard asset rather than as non-performing assets.

Sensex, Nifty rise to new peaks on global stimulus, reform hopes

Continuing their record-breaking run, benchmark Sensex on Monday surged 165 points to 28,500 and Nifty index rose 53 points to end above 8,500 mark on hopes of big-bang reforms in the ongoing winter session and growing expectations of more stimulus measures from China and Europe.

Budget to unveil 'second generation' reforms: Jaitley

The country needs 'a larger opening out in more sectors,' it requires stability of policy and tax regime besides a 'reasonable' cost of capital, finance minister Arun Jaitley said.

Vistara Airlines launch held up due to flying permit delay

Tata-Singapore Airlines promoted full-service carrier Vistara will now be able to start operations only next year due to delay in grant of scheduled Air Operator Permit. The airline had applied to the DGCA for the permit in April and had planned to launch services by September.

Weekly market review: Sensex, Nifty reach new peaks

Extending gains for fifth straight week, stock specific actions sparked by a smart rally in banking and capital goods sector lifted both Sensex and Nifty by over 1 % to conclude the week at new record highs.

European Parliament may propose Google break-up in draft resolution

The European Parliament is preparing a non-binding resolution that proposes splitting Google Inc's search engine operations in Europe from the rest of its business as one possible option to rein in the internet company's dominance in the search market.

SpiceJet to sell stake to new investor, BSE seeks clarification

SpiceJet promoter Kalanithi Maran may be close to clinching a deal with an investor for his cash-strapped airline. The airline had reported a Rs. 310-crore loss for the September quarter – its fifth straight quarterly loss.

Adding synergy: Future group buys Nilgiris chain of stores

Future Consumer Enterprise, the food and fast moving consumer goods arm of Kishore Biyani’s Future Group, has acquired Bangalore-based convenience store chain Nilgiris from private equity firm Actis.

Sensex, Nifty hit fresh peaks as banks rally on Kotak-ING deal

Indian stocks on Friday notched up their best gain in three weeks with benchmark Sensex surging 267 points and Nifty jumping by 75.45 points to hit new highs powered by a spurt in shares of lenders after Kotak Mahindra-ING Vysya announced India's biggest banking merger.

Soon, you may be able to shop for more than just rail tickets @ IRCTC

The IRCTC is preparing a big-bang entry into the Indian e-commerce market in collaboration with a multinational or domestic e-tailer. It is in the process of inviting bids from private e-commerce players to sell merchandise on its website in return for a 7-8% commission.

Supporting travel industry will pay huge dividends: Christopher Thompson

Travel and tourism are a critical component in attracting investors, says Christopher Thompson, who is in charge of promoting travel to the US

Any rate cut of less than 1% will not suffice: Rana Kapoor

The turnaround in the economy is fairly evident; with interest rate review and reforms in place, it may grow at around 5.7-5.8% in 2014-15, Rana Kapoor, founder, MD and CEO, Yes Bank, tells HT.

Rupee strengthens 18 paise to 61.76 vs dollar as stocks rally

Rising for the second day, Indian rupee on Friday strengthened 18 paise to end at 61.76 against the greenback on suspected selling of the US dollar by state-run banks on behalf of the RBI and a strong rally in local stocks.

1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 

 
Advertisement
Copyright © 2014 HT Media Limited. All Rights Reserved