Rupee eases to 1-mth low on choppy stocks

The Indian rupee eased to its lowest in nearly a month on Wednesday afternoon, weighed down by choppy equities and as the dollar inched higher overseas. At 1:45 p.m., the partially convertible rupee was at 47.09/10 per dollar, off an intraday low of 47.14, its worst since June 9 and weaker than Tuesday’s close of 46.89/90. The benchmark BSE share index was trading down 0.5 percent taking cues from other...

Sensex provisionally ends up 0.9 pct

The benchmark Sensex rose for the seventh straight day and provisionally closed 0.9 per cent higher on Thursday, supported by gains in European equities. The 30-share BSE index provisionally ended up 157.84 points at 17,620.71, with 22 components gaining. The 50-share NSE index provisionally closed up 0.8 per cent at 5,274.15...

Rupee slips to 46.62 against dollar

The rupee lost 8 paise to 46.62 against the dollar in early trade as the US currency remained firm against the major world currencies in overseas markets. The rupee had closed flat at 46.54/55 against the dollar in the previous trading. Dealers said dollar’s gains against euro and other major currencies in overseas market mainly influenced the trading sentiment on the domestic...

Gold rates would ease 20% if European debt crisis thaws: MMTC

Gold prices, which hit a record Rs 19,220 per ten grams in Delhi yesterday, could decline up to 20 per cent if there is an improvement in the euro zone debt crisis, a top official of state-run MMTC said. “There can be a correction of 10-20 per cent (in gold prices) if there is an improvement in the European markets,” MMTC, the country’s largest gold importer, Chairman and Managing Director...

Hua Xia Bank, China (HXB) and TCS win Best Core Banking Project Implementation Award

TCS Financial Solutions, a strategic business unit of Tata Consultancy Services (TCS), (BSE: TCS.BO, NSE: TCS.NS) dedicated to providing business application solutions to the banking, insurance and capital markets industries, announced today that it’s client Hua Xia Bank (HXB), China and TCS have won The Asian Banker’s prestigious Best Core Banking IT Implementation Award. Jian Wu, Chairman of board of...

UltraTech Cement announces results for the quarter ended 31 December 2009

31 December 2009 31 December 2008 Net sales 1,652 1,631 PBIDT 414 451 Profit after tax (PAT) 196 238 UltraTech Cement Limited, an Aditya Birla Group company, today announced its unaudited financial results for the quarter ended...

LG REPORTS SOLID GROWTH IN FIRST QUARTER EARNINGS

LG Electronics (LG) today announced unaudited earnings results based on IFRS (International Financial Reporting Standards) for the three-month period ending March 31, 2010. Sales and Profit LG posted consolidated first quarter 2010 sales of KRW 13.7 trillion (USD 11.9 billion) and operating profit of KRW 529 billion (USD 462 million), increasing sales 3.7 percent (up 28 percent in USD) and operating profit by...

Annual Production and Sales Figures – 2009-10

Tata Steel completed the fiscal year, 2009-10 on a thumping note. The performance of the Jamshedpur Works was outstanding. The major Production and Sales figure are tabulated below: Production & Sales Performance Items April-March FY’09 FY’10 % Change Hot Metal 6254 723 1 16 Crude Steel 5646 656 4 16 Saleable Steel 5375 643 9 20 Sales 5232 617 0 18 Major Highlights  –...

Seven civilians killed in Afghan police mistake

An Afghan police official says border police have shot and killed seven civilians after mistaking them for insurgents. Abdul Raziq, head of the border police, told reporters the incident occurred in Kandahar’s Shubarak district in southern Afghanistan near the border with Pakistan. Afghan Civilian DeathsThe civilians were gathering wood when they were spotted by a six-member border police patrol. Raziq said...

Clare Farmers Receive EUR45m Under Farm Waste Management Scheme

The Fianna Fail T.D. said that almost 5 million euro has been received by 356 Clare farmers in the first three weeks of 2010 alone, in respect of the second tranche of grant payments of 40 per cent under the Scheme. Minister of State Killeen said that a total of 2092 Clare farmers have benefited under the Scheme since 2006, underlining the programme’s status as the most significant on-farm investment scheme in...