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Popular Articles

Videocon to buy Finnish firm Elcoteq for $73 mn
Indian consumer durables major Videocon Industries has decided to buy Finnish company Elcoteq, engaged in contract manufacturing of mobile phones and other electronic items, in a deal estimated at around $73 million.

Air India focussing on cutting cost and increasing revenue
Cash-strapped Air India is focussing on cost reduction of Rs 1,500 crore and revenue enhancement of Rs 1,200 crore as per its turnaround plan and the government would infuse equity into the airline in the next few years, the Rajya Sabha was informed today.

News of the day

Montek to meet ministries on Plan outlay in 2-3 weeks
The Planning Commission today said it will start interacting with Union ministries over the next two to three weeks over their demands for gross budgetary support for the next fiscal, amid reports that ministries have asked for a steep hike in resources in the Plan outlay.
Corporate

Rupee gains 15 paise at 46.09/$ in early trade

The rupee today appreciated by 15 paise to 46.09 a dollar in early trade on sustained capital inflows into stock markets. - Rupee at month high, rises 8 paise at 46.22/$ - Bonds drop on rate-hike speculation - Rupee gains 7 paise at 46.54/$ in early trade - Forex reserves dip $144 million - Forex reserves fall by $144 mn to $283.4 bn - Rupee starts New Year on weak note, sheds 7 paise Dealers said increased capital inflows by funds into equities, helped the rupee gain in early trade. Dollar"s weakness against other Asian currencies also supported the rupee sentiment. The rupee had ended 5 paise higher at 46.24/25 yesterday. Meanwhile, the Bombay Stock Exchange benchmark Sensex opened up 104.09 points at 17,790.33, the highest level since February 2008.


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