Investing News - Page 22

Moody's keeps India bond rating outlook stable after sovereign action

Ratings of Indian government related issuers remain unchanged even though the industry had expected a rating cut.

S&P 500 may touch 1,430 by 2012 end: JP Morgan

The brokerage expects the euro crisis to abate by the second half of 2012 with Europe potentially exiting recession by mid-year.

Rupee tumbles 52 paise against dollar on eurozone concerns

Dealers attributed the rupee's fall on renewed concerns over the debt crisis in the eurozone after the European Central Bank said it had no immediate plans for a large-scale purchase of government bonds.

Rupee falls in opening trade on weak shares, euro worry

At 9:27 a.m., the partially convertible rupee was at 51.91/92 per dollar, weaker from 51.715/725 close on Wednesday and traders expect the rupee to decline to 52 during the day.

Gold falls to lowest level in a week on euro downgrade fears

The most-active gold for February delivery on the Multi Commodity Exchange was 0.54 percent lower at Rs 28,890 per 10 grams, after hitting Rs28,763 a level last seen on November 26.

Brent crude falls towards $109 on eurozone downgrade risk

The S&P news also overshadowed ongoing tensions between OPEC producer Iran and the West that could lead to crude supply being disrupted from the world's fifth-largest exporter.

Rupee drifts lower on oil payments, weak shares

Traders said the near-term outlook was bearish even after the central bank pledged to support the rupee, which had hit a record low last month.

IVRCL soars on bagging Rs 4081 cr orders

IVRCL Group on Monday said it had bagged orders worth Rs 4,081 crore in buildings, transportation and thermal power plant segments.

Rupee gains 6 paise against US dollar in early trade

Dealers said increased selling of dollars by exporters and range-bound movement of the euro and Asian currencies against the dollar overseas helped the Indian rupee strengthen

Rupee gains 40 paise against US dollar in opening trade

Gains made by the euro and other currencies against the dollar overseas after coordinated action by central banks to pump liquidity into the global financial system gave support to the Indian rupee.

Rupee gains 4 paise against US dollar in opening trade

Forex dealers said dollar weakness against the euro and other currency rivals overseas and a higher opening in the domestic stock market supported the Indian rupee's rise

Rupee gains 15 paise against US dollar in early trade

Rupee had weakened by 19 paise to close at Rs 52.25/26 against the US dollar on Friday amid fresh demand for the American currency from importers and weak equity markets.

Euro surges on hopes of IMF aid to Italy, outlook still uncertain

The euro rose 0.6 per cent to $1.3331 after the unsourced report in Italian daily La Stampa said up to 600 billion euros could be made available at a rate of between 4-5 per cent to give Italy breathing space for 18 months.

Promoters pledge shares worth Rs 1.1 trillion: Crisil

The study also found that promoters have pledged 25 percent of more of their holding in as many as 183 companies, while the promoter pledging was in excess of 50 per cent for 107 companies.

Rupee vulnerable after hitting record low of 52.76 against dollar

The falling rupee, combined with slowing growth, has added to a sense of urgency for a scandal-tainted government to push reforms to encourage investment.<br /><br />

RBI may have sold dollars to arrest rupee fall, say traders

The rupee skidded for a fifth consecutive session on Monday to within sight of its record low, as oil importers bought dollars and subdued shares heightened fears of foreign fund outflows

Experts had advised RBI not to hike rates to fight inflation

Minutes of the 19 October meeting reveal that almost all external experts on RBI monetary policy advisory committee waere opposed to increase in policy rates to combat inflation.

HDFC fund to invest Rs 200 cr in Delhi realty ATS Infra

The investments from HDFC would be for the developer's Gurgaon project near the national capital.

SBI may raise saving deposit rate by up to 125 basis points

Speaking to exclusively to CNBC-TV18, Pratip Chaudhuri said the bank is prepared for a slightly higher cost of funds but added that they will not be the first movers in terms of hiking savings bank rate.

Sugar stocks rise as SP leads in UP elections

Market experts said that the sugar industry expects a favourable policy regime if Samajwadi Party comes to power. Samajwadi Party is emerging as the single largest party leading in 173 of the total 403 seats in Uttar Pradesh Assembly.

The rupee soars to 48.83 against the dollar

The dollar faced heavy losses in Asia, having seen its biggest decline in more than two years against a basket of major currencies

Tata Comm seeks $2 billion loan to finance C&W bid

TCL announced that it was evaluating a bid for C&W Worldwide. If a bid emerges, it will mark the return to overseas mergers and acquisitions by the Tata Group after a gap of almost three years.

European debt deal ignites rally in stocks, euro

The dollar took its biggest beating against a broad range of currencies in 2-1/2 years and investors spurned safe-haven US government debt.

French PE firm L Capital may buy stake in Raymond, stock surges

Shares in apparel maker Raymond Ltd rose as much as 7.1 percent

Home loan tenor extended upto 30 yrs as rate hikes bite hard

Fearing credit turning bad assets in the wake of high interest rates, a number of state-run banks, led by SBI, have decided to raise home loan tenors to 25-30 years or till the borrower touches 70 - well past their working age.

Oil rises in Asia ahead of Eurozone meet

Oil cartel OPEC sees member Libya restoring production to one million barrels per day within six months, then attaining pre-conflict levels by the end of 2012. Traders were also bracing for the outcome of European Union summits on Sunday and Wednesday.

Rupee hits 30-month low on fears of FII outflows

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