Business

LS passes Companies Bill 2011 to improve corporate governance

December 19, 2012 12:29 PM

LS passes Companies Bill 2011 to improve corporate governance

The Lok Sabha has passed the Companies Bill 2011. The Bill, aimed at improving corporate governance, contains provisions to strengthen regulations for corporates as well as auditing firms. The Bill passed by the House late last night also makes it mandatory for profit-making companies to spend two p...

Sensex rules firm; surges 98pts in late morning trade

December 19, 2012 12:09 PM

Sensex rules firm; surges 98pts in late morning trade

The Sensex at the Bombay Stock Exchange continued to rule firm by surging 98 points in late morning trade today on persistent buying in auto, metal, consumer durable and refinery sectors on hopes of easing of monetary policy by RBI next month. Sustained foreign capital inflows coupled with higher gl...

Sensex rules firm; surges 98pts up in late morning trade

December 19, 2012 12:06 PM

Sensex rules firm; surges 98pts up in late morning trade

The Sensex at the Bombay Stock Exchange continued to rule firm by surging 98 points in late morning trade today on persistent buying in auto, metal, consumer durable and refinery sectors on hopes of easing of monetary policy by RBI next month. Sustained foreign capital inflows coupled with higher gl...

WB raises China growth forecast

December 19, 2012 11:48 AM

WB raises China growth forecast

The World Bank has raised its growth forecast for China, saying stimulus measures and approval of infrastructure projects will help boost growth. It added that the pick-up in factory output and investment suggested that China's economy was bottoming out. The bank said it now expects China&a...

S&P raises sovereign debt rating of Greece by six levels

December 19, 2012 10:30 AM

S&P raises sovereign debt rating of Greece by six levels

The credit rating agecny, Standard and Poor's, has raised the sovereign debt rating of Greece by six levels. The Agency said, the move reflected the strong determination of European countries to help Greece stay in the Euro Zone. Credit rating agencies are seen as a key gauge for the health...

Rupee rises by 12p to 54.73 against dollar

December 19, 2012 10:30 AM

Rupee rises by 12p to 54.73 against dollar

The rupee rose by 12 paise to 54.73 against the US dollar in early trade today at the Interbank Foreign Exchange on selling of American currency by exportersand banks.The rupee had closed flat at 54.85 against the US dollar in yesterday's trade amid RBI keeping key rates unchanged in the mi...

Sensex up by 122 pts in early trade

December 19, 2012 10:18 AM

Sensex up by 122 pts in early trade

The Sensex at the Bombay Stock Exchange rose 122 points in early trade today on sustained buying on optimism of RBI easing monetary policy next month, amid a firming global trend. Extending gains for the second straight day, the 30-share barometer today rose by 0.63 per cent, to 19,487.The Nifty at ...

S&P's raise sovereign debt rating of Greece by six levels

December 19, 2012 9:50 AM

S&P's raise sovereign debt rating of Greece by six levels

The credit rating agecny, Standard and Poor's, has raised the sovereign debt rating of Greece by six levels. The Agency said, the move reflected the strong determination of European countries to help Greece stay in the Euro Zone. Credit rating agencies are seen as a key gauge for the health...

Indian Industry asks RBI to cut rates before January policy review

December 18, 2012 9:50 PM

Indian Industry asks RBI to cut rates before January policy review

Terming RBI's policy as harsh and disappointing, Indian Industry today asked the Central bank to cut interest rates before January 29 policy review to boost economic growth.Industry body CII said, with the government having announced a clear roadmap for fiscal consolidation and non-food inf...

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