Search Results for: foreign investors

UPA II Celebrates 3rd Anniversary; Marred by Unhealthy Relationship

The United Progressive Alliance-II (UPA II) has completed three years in office and Prime Minister Manmohan Singh is hosting a dinner party on Tuesday to celebrate the occasion. But the major allies of the Congress are not in the mood to celebrate. Mamata Banerjee and Karunanidhi will skip the 3rd anniversary celebration

May 22, 2012

BSE Sensex Up, Rupee Hits Record Low

The BSE Sensex posts its third consecutive daily gain on Monday after State Bank of India boosted the outlook of the stock market with its impressive earning last week. However, rupee hits a new record low at 55 per dollar, which could affect the stocks.

May 21, 2012

Rupee Tumbles Short of 'Psychological 55' at Record Low of 54.99 to Dollar

Indian currency took another beating on Monday, sinking to a record low of 54.99 against the US dollar in the late afternoon trade session. The rupee stood at 54.96/97 to the dollar at 4:26 p.m. (1056 GMT), and had earlier plunged to the key psychological level of 55 to the dollar, Reuters said.

May 21, 2012

Pranab Mukherjee's Crackdown on Black Money; Tables White Paper in Parliament

Finance minister Pranab Mukherjee presented the much-anticipated "white paper on black money" at a Parliament session on Monday. Mukherjee's proposed move reflected an earlier promise made during his budget speech in the Lok Sabha where he said, I will try to give all the relevant and possible information".

May 21, 2012

Yash Raj Films To Produce And Finance 'Grace of Monaco' Starring Nicole Kidman

Yash Raj Films (YRF) Entertainment US branch has announced to produce and finance the upcoming historical drama "Grace of Monaco" starring Hollywood star Nicole Kidman. YRF Entertainment's CEO, Uday Chopra, has announced that they are partnering with French filmmaker Pierre-Ange Le Pogam's company Stone Angels for the film.

May 19, 2012

Facebook Valued At $104 As Public Trading Set To Begin; Shares Priced At $38

Facebook raised $16 billion in the largest initial public offering (IPO) by a technology company in history as it increased the price of its offering to $38 per share on Thursday. The social media giant's valuation shot up to about $104 billion before public trading begins Friday on the Nasdaq exchange under the ticker symbol FB.

May 18, 2012

Rupee Sinks To Record Low; India's Finance Minister Pranab Mukherjee Says Austerity Needed

The rupee on Wednesday closed at a record low of 54.49 against the U.S. dollar, prompting calls for quick government measures to curb volatility.

May 16, 2012

US Slaps Sanctions On Dawood Ibrahim's Aides; Designated As Key Drug Traffickers

US authorities on Tuesday issued sanctions on Chhota Shakeel and Ibrahim "Tiger" Memon in a bid to restrict drug trafficking and illegal financial operations carried out by them

May 16, 2012

Nepal Plane Crash: 13 Indians Among 15 Killed

At least 15 passengers, including 13 Indians, were killed when an ill-fated private plane with 21 on board crashed in Nepal's northern Himalayan mountain region

May 14, 2012

Hillary Clinton Comes Calling with FDI, Iran on Mind

US Secretary of State Hillary Clinton arrives in Kolkata from Dhaka on Sunday as part of her tour to South Asian countries.

May 6, 2012

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Aung San Suu Kyi Enters Parliament

Pro-democratic leader Aung San Suu Kyi Wednesday took oath as official member of the Myanmar Parliament.

May 2, 2012

Lakshmi Mittal Tops UK’s Richest List (SLIDESHOW)

Indian steel tycoon Lakshmi Mittal retained his crown as Britain's richest man for the successive seventh year. Despite losing almost a quarter of his wealth over the past year following a fall in the share value of his ArcelorMittal, the world's largest steelmaker, Mittal retained the top spot with an asset worth 12.7 billion pounds.

Apr 29, 2012