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Markets

SolArc Announces Alan Gunn, Vice President Product Marketing

SolArc (www.solarc.com), a global provider of commodity trading and risk management solutions, has announced that Alan Gunn has been named Vice President, Product Marketing. In this role, Gunn will oversee all product marketing activities including market assessment and strategic product planning. According to Brad Anderson, SolArc CEO, “This new role will enhance our ability to […]

Currency

Rupee 19 paise up against dollar in early trade

The Indian rupee depreciated by 19 paise to Rs 44.49 a dollar in early trade on Friday, weighed down by dollar’s strength against other Asian currencies. However, positive opening on the stock markets on continued capital inflows by foreign funds into equities, capped its losses. In the previous session, the domestic unit at the Interbank […]

Stock & Share

Sensex opens 79.31 pts high in the opening trade

The BSE benchmark Sensex continued its rally from Thursday and opened 79.31 points high in the opening trade on good quarterly reports from the country’s largest software firm Tata Consultancy Services. The 30-share index on Friday rose by 0.39 per cent to 20,339.89 points on the back of rally in IT, tech and consumer durables […]

Markets

WTO to hold 8th ministerial meet in Geneva

The World Trade Organisation’s eighth ministerial summit will take place from 15th to 17th September, 2011, in Geneva, despite the continuing uncertainty over when Doha Development Agenda (DDA) trade negotiations will be concluded. At a meeting of the WTO’s powerful General Council, which oversees day-to-day business of the trade body, Chair Ambassador John Gero of […]

Markets

Gold futures surge on domestic demand, firm global cues

Gold futures prices rose Rs 31 to Rs 20,026 per ten gram on Thursday, as speculators enlarged their positions, following a rise in demand in spot markets. Firming trend in New York also influenced the trading sentiment. At the Multi Commodity Exchange platform, gold for delivery in June rose by Rs 21, or 0.16 per […]

Stock & Share

Sensex recovers by 87 pts in opening trade

The B S E benchmark Sensex on Thursday recovered by over 87 points in the opening trade, snapping out of a two-session losing streak on fresh buying by funds and retail investors amid a firming trend overseas. The 30-share index rose by 87.49 points, or 0.45 per cent to 19,959.64 points on the back of […]

Currency

Dollar Slips on Fed’s Bonds Buying Plan

Dollar slipped against major currencies in late New York trading on Wednesday as a report showed that the Federal Reserve planned to buy treasury bonds in the near future. Investors sold off dollars on Wednesday as the report said the Fed would probably buy 500 billion dollars of treasury bonds to bolster fragile economy.

Markets

Gold futures extend losses on global cues

Gold futures prices declined by 0.75 per cent, to Rs 19,430 per ten gram on Wednesday , as speculators engaged in offloading positions after metal tumbled nearly 2.5 per cent, after firming dollar eroded its demand as an alternate investment. At the Multi Commodity Exchange counter, gold for December delivery fell by Rs 128, or […]

Stock & Share

Sensex sheds 186 pts to end below 20,000 level

In volatile trade, the Bombay Stock Exchange benchmark Sensex on Tuesday lost 186 points to end below the crucial 20,000 level as investors liquidated holdings to invest in mega initial public offerings of Coal India. The 30-share index fell sharply in the last 30 minutes of trade to settle at 19,983.13 points, reflecting a loss […]

Markets

Coal India mega IPO oversubscribed 1.57 times

Coal India Ltd’s Rs 15,000-crore mega initial public offer, the country’s largest so far, got demands for 1.57 times of shares on offer hours before closure of the second day of the issue on Tuesday. The issue attracted bids for 99.11 crore shares against 63.1 crore equities on offer, as per the data available till […]