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BANGALORE: Iron ore-starved steel and allied industries can breathe easy for some time. The monitoring committee constituted by the Supreme Court will conduct e-auction on September 14 to enable them to buy iron ore etal Scrap Trade Corporation Limited|Central Empowered Committeestockpile lying at various mines in .Supreme Court,Metal Scrap Trade Corporation Limited|Central Empowered
Metal [...]
Archive for the ‘Business’ Category
E-auction of iron ore from Sept 14
Posted by admin on September 12th, 2011
Sensex, Nifty opens 1% lower; Tata Motors down 4%
Posted by admin on September 12th, 2011
NEW DELHI: The BSE Sensex slipped 1.6% early on Monday tracking its weak Asian peers after the resignation of a top German central bank board member casting further doubt on Europe’s ability to tackle its sovereign debt crisis.
At 09:17 a.m., the shares in Tata Motors Ltd were trading 4.5% lower at Rs 146.15 after the [...]
CAG’s Air India report: BJP scents another big scam
Posted by admin on September 9th, 2011
The BJP smelled another scam in the CAG report on Civil Aviation. Senior party leader LK Advani said the CAG report was deliberately tabled on the last day of the Parliament to prevent any discussion on it in the house.
Rajiv Pratap Rudy said the report vindicated BJP’s stand that all is not well in the [...]
Bharti Airtel rings after bagging 2G and 3G licences in Rwanda
Posted by admin on September 9th, 2011
Bharti Airtel rose 1.74% to Rs. 406.15 at 9:26 IST on BSE after the company secured a licence to operate 2G and 3G services in Rwanda.
Meanwhile, the BSE Sensex was down 3.72 points, or 0.02%, to 17,161.82.
On BSE, 38,000 shares were traded in the counter compared with average volume of 2.10 lakh shares over the [...]
Nifty seen higher on mixed Asia; Inflation data eyed
Posted by admin on September 8th, 2011
NEW DELHI: The 50-share Nifty index is expected to open flat-to-higher on Thursday tracking muted Asian markets.
Investors will also closely watch weekly inflation data due later today. Food inflation has hit double-digits in mid-August on the back of costlier onion, vegetables, fruits and protein-based items.
Data released by the commerce and industry on Thursday, last week [...]
FIIs net buy Rs 262.43 cr in cash market on Sept 7 (prov)
Posted by admin on September 8th, 2011
By Ekta Batra, Research Analyst at CNBC-TV18
Institutional action
FIIs have net bought Rs 262.43 crore in the cash market and Rs 848.88 crore in the F&O market on September 7, as per provisional data available on NSE. However, DIIs have net sold Rs 80.81 crore in the cash market yesterday.
FIIs in F&O
FIIs have net bought Rs [...]
Inflation: A 25 bps repo rate hike may be a given
Posted by admin on September 7th, 2011
The Reserve Bank of India (RBI) isn’t quite done with its rate war on inflation, the street appears to believe.
Bankers, fund managers, analysts, senior company officials and insurance company chiefs DNA spoke to expect the central bank to effect at least one more hike in the key policy rate in its monetary policy review on [...]
Asia Stocks, Euro Drop as Treasury 10Y Yield Falls
Posted by admin on September 6th, 2011
Asian stocks and U.S. futures fell, Treasury 10-year yields sank to a record, and the euro slid for a fifth day against the franc on speculation Europe’s debt crisis is worsening. Asian credit risk rose to a two-year high.
The MSCI Asia Pacific Index dropped 1.4 percent at 1:13 p.m. in Tokyo. Standard & Poor’s 500 [...]
Posted in Business 
Tags: Asia Stocks, Euro Drop, Markit iTraxx Asia, Standard & Poor’s 500 Index, Swiss francs 
No Comments »Sensex in red in morning trade
Posted by admin on September 5th, 2011
MUMBAI: A benchmark index for Indian equities markets Monday was trading about 180-odd points lower in morning trade as traders booked profits after a rally last week.
The 30-scrip sensitive index ( Sensex) of the BSE, which opened at 16,678.34 points was ruling 16,639.29 points, down 182.17 points or 1.08% from its previous close at 16,821.46 [...]
Flight operations resume on main runway of Mumbai Airport
Posted by admin on September 5th, 2011
After the stuck Turkish Airways’ aircraft was towed away early today, flight operations on Mumbai Airport’s main runway resumed here this morning with the departure of an Air India flight to Kolkata.
Spicejet’s flight from Hyderabad SG 403 also landed on the main runway of the airport at 7.12 am, airport officials said.”The Turkish Airways’ plane [...]
Posted in Business Tags: air traffic control (ATC), Kolkata, Mumbai airport, Turkish Airways No Comments »
