Anand Sharma to lead business delegation to Italy

Top Indian CEOs will accompany Commerce and Industry Minister Anand Sharma to Italy on Monday to promote two-way trade and attract fresh investments. The delegation during its three-day visit, starting 31st January, will have several business meetings and high-level interactions in Rome and Milan, industry body Ficci Secretary General Amit Mitra said in a statement. […]

Maruti Q3 net down 17.80 pc at Rs 565.17 cr

Dragged down by rising input costs, adverse foreign exchange movement and higher royalty payout, the country’s largest carmaker Maruti Suzuki India (MSI) on Saturday reported 17.80 per cent decline in its net profit for the third quarter ended 31st December, 2010 at Rs 565.17 crore. The company had posted a net profit of Rs 687.53 […]

TCS ex-CEO Ramadorai appointed PM Advisor on skill development

S Ramadorai, former chief of IT giant firm TCS, has been appointed as an Advisor to Prime Minister on Skill Development, a move seen as part of the government’s efforts to rope in private sector professionals to assist on policy matters. Ramadorai retired as CEO of the country’s largest software firm TCS in late 2009 […]

Sensex shows weekly loss of 3.22 pc on heavy selling

All-round selling pressure on fears of further hike in interest rates, slowing corporate earnings and heavy capital outlows by foreign funds pulled down the BSE benchmark Sensex by massive 611.56 points. Interest rate sensitive sectors banking, auto and realty stocks declined as investors fretted over the possibility of more interest rate hikes by the Reserve […]

ICEX Daily Market Report on Metals, Energy & Agriculture

ICEX launches World’s 1st IRON ORE futures

DBS Bank Opens New Branch in Cuddalore (Tamil Nadu) and ATM in Puducherry

Cuddalore, Tamil Nadu: DBS Bank today announced the formal opening of its new branch in Cuddalore (Tamil Nadu) and a state-of-the-art ATM centre in Puducherry. Through this new branch, DBS will provide a holistic portfolio of corporate, enterprise and retail banking services to cater to the evolving banking needs of the large number of enterprises […]

Indian port sector crosses 1 bn tonne cargo handling capacity: Govt.

The government on Friday said that the Indian port sector has crossed one billion tonne cargo handling capacity with inauguration of three major projects at Ennore Port. Shipping Minister G K Vasan informed this while inaugurating three major projects with a total capacity of 15 million tonnes per annum (MTPA) at Ennore Port. He said […]

Sensex drops 289 pts to 5-month low

Continuing its fall for the third day, the BSE benchmark Sensex on Friday dropped nearly 289 points to a 5-month low on brisk selling in heavy-weight financial companies, on investor concerns about rising interest rates in view of high inflation and weak global cues. The Bombay Stock Exchange benchmark index Sensex, which had lost 467 […]

Rupee falls 13 paise in early trade

The Indian rupee depreciated by 13 paise against the dollar on Friday, as the American currency strengthened against other major currencies. The domestic unit in early morning was trading at Rs 45.70 a dollar, 13 paise lower from the Thursday’s close at the Interbank Foreign Exchange (Forex) market. On Thursday, it snapped five-session long losing […]