Small savings likely to fetch you less
The govt is expected to cut the 8% administered interest rate on its small savings schemes by 50-75 bps in Budget 2009. Boost your income | Hone your saving skills
Archive for June 15th, 2009
Tatas to develop 1,000 acres of surplus land, unlock value
The Tata group is working on a plan to unlock value from unused land belonging to various group companies by developing them through its two realty subsidiaries, Tata Housing and Tata Realty.
Now, cash-strapped unlisted realty cos take the QIP route, eye $1 bn
As listed real estate firms brace to raise about $2 billion (Rs 9,600 crore) through qualified institutional placement routes, their unlisted counterparts are not far behind.
RNRL wins legal tussle over gas supply
RNRL had approached the court against Mukesh Ambani’s Reliance Industries Ltd (RIL) that had refused to give gas at $2.34 per mmbtu from the Krishna-Godavari basin.
RNRL stock jumps 23% on HC verdict on gas dispute with RIL
Shares of Reliance Natural Resources Ltd today surged after the the Bombay HC ruled that Reliance Industries Ltd would sell gas at USD 2.34 per mmBtu to RNRL.
Rupee weakens by 16 paise on Asian cues
The Indian rupee depreciated by 16 paise against the dollar in early trade today taking cue from weak Asian currencies and expectations of capital outflow by foreign funds in the domestic equities which are likely to open in the negative.
Reliance Industries shares fall 7% on gas supply ruling
The Bombay high court has directed RIL to supply gas to RNRL at about half the government-approved price, sending its shares sliding more than 7%
Old is not always gold: used cars a bane for Indian roads
Used car purchases are soaring in India as a host of global and local auto firms offer attractive trade-in deals to build customer loyalty and boost new car sales
Rupee drops further by 26 paise to 46.87 on weakness in local stocks
The rupee fell by 26 paise to 47.87 against the greenback in morning trade in tandem with weak equity market and firm dollar overseas.
Rupee weakens by 16 paise on Asian cues
The rupee depreciated by 16 paise against the dollar in early trade today taking cue from weak Asian currencies and expectations of capital outflow by foreign funds in the domestic equities which are likely to open in the negative.
Rupee likely to edge lower
The partially convertible Indian rupee is expected to edge lower on Monday following the dollar’s rebound against major currencies and weakness in some Asian stock markets.
BRICs won’t mull new reserve currencies: Kremlin
Leaders of Russia, China, India and Brazil do not intend to discuss new global reserve currencies at their first summit in the Urals city of Yekaterinburg on Tuesday, a top Kremlin aide said on Sunday.
Sensex ends over 2% down as Reliance stocks weigh
The 30-share BSE index ended down 362.42 points at 14,875.52, with 18 stocks declining
Reliance Industries shares fall 7% on gas supply ruling
The Bombay high court has directed RIL to supply gas to RNRL at about half the government-approved price, sending its shares sliding more than 7%
Midsession: Reliance leads Sensex down 2%
By 11:27am, the 30-share BSE index was down 0.7% at 15,126.91 points, with 14 stocks declining
