Business news

India Gold Expected to Fall Due to Weak Equity Markets

Gold futures, which hit their lowest level in a week, are likely to extend losses following weak equity markets, while silver is likely to extend losses by more than 2 percent following the yellow metal.

Dec 12, 2011

RBI's Reference Rate for Dollar Today (Dec 12, 2011)

The Reserve Bank of India Monday fixed the reference rate for the US dollar at 52.4238 rupees and the euro at 69.9405 rupees.

Dec 12, 2011

BSE Sensex Falls Following Dip in Industrial Output

The BSE Sensex extended losses to 0.7 percent on Monday after government data showed the industrial output in October contracted 5.1 percent, a much sharper-than-expected drop.

Dec 12, 2011

SBS Holdings Acquires 80 Percent Stake of Atlas Logistics

SBS Holdings, a Japan-based corporate group, has acquired 80 percent equity stake of Atlas Logistics, a Bangalore-based company.

Dec 10, 2011

RBI's Reference Rate for Dollar Today (Dec 9, 2011)

The Reserve Bank of India (RBI) on Thursday fixed the reference rate for the US dollar at 52.2285 rupees and the euro at 69.6008 rupees.

Dec 9, 2011

Japan's SBS Holdings Acquires Indian Logistics Firm Atlas

SBS Group, one of the leading corporate groups in Japan, has acquired Atlas Logistics, a leading Bangalore-based provider of integrated and comprehensive global transportation solutions.

Dec 8, 2011

RBI's Reference Rate for Dollar Today

The Reserve Bank of India (RBI) on Thursday fixed the reference rate for the US dollar at 51.7780 rupees and the euro at 69.4246 rupees.

Dec 8, 2011

prime-minister-manmohan-singh-at-east-asia-summit

Indian PM Breathes Hope to Telecom Sector

The Indian Prime Minister, Dr. Manmohan Singh, seems to have breathed new hope into the country's struggling telecommunications sector, while speaking at the inauguration of India Telecom 2011 in New Delhi, on Wednesday.

Dec 7, 2011

RBI's Reference Rate for Dollar Today

The Reserve Bank of India (RBI) on Wednesday fixed the reference rate for the US dollar at 51.4490 rupees and the euro at 69.1235 rupees.

Dec 7, 2011

Govt Puts FDI in Retail on Hold, Opposition Insists on Rollback

To break the impasse on Foreign Direct Investment in retail that has stopped the Parliament's winter session, the Central Government has announced that the decision to allow 51 percent FDI in retails has been put on hold. However, the winter session is likely to face trouble, as the Opposition party is demanding a rollback on the decision.

Dec 5, 2011