List
of articles pertaining to Finance
List of articles pertaining to Finance
Indian Rupee falls from its high
Friday, October 12, 2007 in.reuters.com
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Finance
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The Indian Rupee fell from it's 9-1/2 year peaks on account of a weak Asian market and dollar buying by state-run banks. The Indian Rupee gained about 3 percent since a U.S. rate cut last month which sparked off a strong rally in the Indian stock market. At 9:51 a.m., the partially convertible rupee was at 39.35/36 per dollar as compared to Thursday's close of 39.30/3050 per dollar.
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Rupee
rate-cut
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Comments | Submitted by : newshound
Gitanjali Gems rises
Friday, October 12, 2007 www.indiainfoline.com
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Finance
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Based on reports that the company plans to buy another leading jewellery retailer having over 100 outlets across the country for around US $100mn, the shares of Gitanjali Gems has gained by 2.5% to Rs370. The scrip of the company has touched an intra-day high of Rs380 and a low of Rs363 and has recorded volumes of over 1,00,000 shares on NSE.
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Gitanjali-Gems
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Comments | Submitted by : bugs
Inflation drops to 3.26 per cent
Friday, October 12, 2007 www.financialexpress.com
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Finance
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On account of a fall in the prices of pulses and food articles, the wholesale price index(WPI), inflation has once again declined to 3.26 per cent for the week ended September 29, as compared to 3.42 per cent for the previous week. The annual rate of inflation stood at 5.41 per cent a year ago.
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inflation
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Comments | Submitted by : bugs
Investors prefer domestic bull run to global stocks
Thursday, October 11, 2007 in.reuters.com
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Finance
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Fund managers attempting to sell global stocks to Indian investors are finding it tough to find sufficient subscribers. Most investors prefer to subscribe to the tax-efficient domestic funds and are encouraged to do so by the extended bull-run on D-street. "People say lot of foreigners are coming into India and investing here...why should I invest out of India," said Ajay Bagga, CEO of Lotus India
Tags :
global-stocks
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Comments | Submitted by : sportstar
DLF received BOD approval
Thursday, October 11, 2007 www.indiainfoline.com
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Finance
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Realty major DLF announced that its Board of Directors approved a proposal to raise a loan of up to US$1.5bn in a wholly owned subsidiary abroad. The company will also participate in the proposed IPO of DLF Offices Trust, Singapore, by investing in it upto US$750mn and will also spend up to US$750mn in projects / companies in furtherance of the company's business lines in India / abroad.
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DLF
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Comments | Submitted by : traveller
ICICI bank up 0.6% to Rs1075
Thursday, October 11, 2007 www.indiainfoline.com
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Finance
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After the company announced that it has cut interest rates on new homes and retail loans by 50-100 basis points, shares of ICICI Bank have gained by 0.6% to Rs1075. The private sector bank scrip touched an intra-day high of Rs1090 and a low of Rs1036 and has recorded volumes of over 16,00,000 shares on NSE.
Tags :
interest-rates
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Comments | Submitted by : wallstreet
Retail loan rates cut : ICICI Bank
Thursday, October 11, 2007 in.reuters.com
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Finance
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A spokesman for ICICI Bank Ltd, said that it has cut interest rates on home loans and other retail loans by 25-50 basis points with immediate effect. India's second-largest bank has followed the example of State Bank of India of cutting interest rates on new loans for homes, automobiles and farm equipment in a festival season offer that runs until the end of 2007.
Tags :
interest-rates
ICICI-Bank
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Comments | Submitted by : wallstreet
Infosys Q2 net rises 1.9%, meets forecast
Thursday, October 11, 2007 www.financialexpress.com
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Finance
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Infosys Technologies Ltd, posted a 1.9 per cent rise in quarterly profit on Thursday, thus meeting the forecasts even as a rising Rupee limited the gains from new contracts. India's No. 2 software services exporter said its net profit rose to Rs 1100 crore in the quarter ended September, its fiscal second quarter, from Rs 1,079 crore a year earlier.
Tags :
Infosys-Technologies
Results
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Comments | Submitted by : wallstreet
BPO's seek to counter threat of a rising Rupee
Thursday, October 11, 2007 economictimes.indiatimes.com
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Finance
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On account of a rising Rupee eating into it's profits, the BPO industry is now looking at a two-pronged strategy to counter the risk posed by a stronger Rupee. BPO's are trying to locate more delivery centres abroad to serve those markets. And they are trying to win more business from the domestic market.
Tags :
Rupee-rising
BPO
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Comments | Submitted by : six_degrees
Economy to grow by 9% in '07: S&P
Tuesday, October 09, 2007 www.financialexpress.com
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Finance
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Standard and Poor's, the international ratings agency, said that it expects the Indian economy to grow by 9 per cent in the current year while next year expectation is 8.8 per cent. In a report released, S & P's said that while Indian interest rates were clearly peaking, the rupee was likely to end the year at 40.5 against the dollar.
Tags :
S&P
ratings
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Comments | Submitted by : chakde
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