28-05-09

[News Update]

Rupee weakens 36 paise against dollar in early trade
28 May 2009, 0938 hrs IST, PTI

MUMBAI: The Indian rupee depreciated 36 paise against the dollar in early trade on Thursday on anticipation of capital outflows as the stock markets may open down following weak Asian markets and month-end dollar demand from importers and refiners.

timesofindia.indiatimes.com/Rupee-weakens-36-paise-against-/articleshow/4587277.cms

[News Update]

Sensex surges by 520 pts on Finance Minister's promise

Stock market rallied ahead on Wednesday with a 520-point surge in its benchmark Sensex, as heavy buying was seen in banking, commodity and realty stocks with Finance Minister Pranab Mukherjee promising to push for lower credit costs and higher infrastructure spending.

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[News Update]

New low-cost airline targets smaller markets

Low-cost carrier JetAmerica aims to serve smaller markets it believes bigger airlines neglect

Clearwater, Fla.-based JetAmerica said 34 nonstop passenger flights a week will start July 13 at Toledo, Ohio; South Bend, Ind.; Melbourne, Fla.; Newark, N.J.; Minneapolis and Lansing, Mich. Twenty-eight flights start or end at Newark Liberty International Airport. The carrier will add six more flights -- from Toledo to Minneapolis -- starting Aug. 14.

finance.yahoo.com/news/New-lowcost-airline-targets-apf-15348934.html?.v=5

[News Update]

Sensex up 138 points in early trade
28 May 2009, 1039 hrs IST, PTI

MUMBAI: The Bombay Stock Exchange benchmark Sensex rose by 138 points in early trade on Thursday, extending Wednesday's strong rally, on the back of increased buying by funds and retail investors largely on hopes of an acceleration in economic reforms by the new Congress-led UPA government.

timesofindia.indiatimes.com/Sensex-up-138-points-in-early-trade/articleshow/4587493.cms