Sensex gains 62 points in opening trade on firm Asian cues

The BSE benchmark Sensex opened over 62 points higher on selective buying by funds and retail investors, taking cues from a firming trend on other Asian bourses after yesterday’s losses. The 30-share index of the Bombay Stock Exchange, which lost 16.19 points in the previous volatile session, recovered by 62.23 points, or 0.33 per cent, […]

INDIAN_DAILY MARKET UPDATE

Asked Finance Ministry to give time to auto companies on new CKD duty: Patel

Heavy Industries and Public Enterprises Minister Praful Patel today said his ministry has asked the Finance Ministry to give two years’ time to the auto industry to comply with the new import duty norms for completely knocked down (CKD) units. Talking to newspersons on the sidelines of a function in New Delhi today he said […]

Sensex ends 16 pts down in volatile trading

In volatile trading on Tuesday, the BSE Sensex closed nearly 16 points down at 18,513 as investors sold banking and refinery stocks amid concerns over high interest rates and fears of hike in fuel prices. It is the second day that Sensex closed on a flat note, although yesterday it had recorded marginal gains. The […]

INDIAN_MIDDAY MARKET REPORT

Sensex extends gains, rises by 39 points in opening trade

The Sensex rose for the third straight day in opening trade on the Bombay Stock Exchange (BSE) on Tuesday, adding over 39 points on continued buying by funds and retail investors amid a firming trend in the US market. The 30-share index of the Bombay Stock Exchange, which has gained over 318 points in the […]

Air Lease Corporation Expands Twin-Aisle Growth

United States: Air Lease Corporation (ALC) announced that it has signed lease agreements for 10 additional twin-aisle aircraft. “These twin-aisle lease placements fit ALC’s growth plan which includes broadening our global customer base and fleet with a prudent, measured quantity of new or young high demand A330-200/300 and 777-300ER twin-aisle aircraft,” said John L. Plueger, […]

INDIAN_DAILY MARKET UPDATE

A.M. Best Special Report: Asian Life Insurers Seek Operating Efficiencies as Growth Continues

HONG KONG—Premium growth in most life insurance markets in the Asia/Pacific region remained strong, with business up nearly 30% in China in 2010, while new business premiums increased by nearly 26% in India for the period from April 2010 through January 2011. Premium income in South Korea increased by nearly 7% from April through December […]

SC directs Sahara Group firm to provide details on OFCD scheme

The Supreme Court on Monday directed Sahara India Real Estate to furnish the format of the application for an OFCD scheme and a list of accredited agents raising money on its behalf after the firm claimed it was not liable if investors provided false address and other details. A three-judge bench headed by Chief Justice […]