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Post by News Update on Jun 24, 2009 7:51:26 GMT 3
Rupee up 16 paise against dollar 24 Jun 2009, 0935 hrs IST, PTI MUMBAI: The Indian rupee on Wednesday appreciated by 16 paise against the dollar in early trade, taking cues from other Asian currencies. At the Interbank Foreign Exchange (forex) market, the domestic currency gained 16 paise to quote at 48.40/41 a dollar over its previous close of 48.56/57. timesofindia.indiatimes.com/Rupee-up-16-paise-against-dollar/articleshow/4695424.cms |
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Post by News Update on Jun 24, 2009 7:53:51 GMT 3
Dr Reddy’s offloads over 9 lakh shares 24 Jun 2009, 0200 hrs IST, TNN HYDERABAD: In a surprise move, the promoters of Hyderabad-based pharmaceutical giant Dr Reddys Laboratories (DRL) have offloaded 9.5 lakh shares of the company worth almost Rs 70 crore through open market transactions. In a disclosure to the bourses, DRL has stated that Dr Reddys Holdings Ltd as well as DRL founder Dr K Anji Reddy have sold 8.5 lakh shares and 1 lakh shares of the company, respectively, on Monday. timesofindia.indiatimes.com/Dr-Reddys-offloads-over-9L-shares/articleshow/4694229.cms |
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Post by News Update on Jun 24, 2009 8:33:15 GMT 3
Oil prices ease in Asian trade 24 Jun 2009, 1038 hrs IST, AFP SINGAPORE: Oil traded lower in Asia on Wednesday after a strong rebound overnight, but prices remain under pressure from a weak dollar and the political crisis gripping crude producer Iran, analysts said. In morning trade, New York's main futures contract, light sweet crude for delivery in August, fell 87 cents to $68.37 a barrel. It bounced $1.74 to end at $69.24 in the US on Tuesday. timesofindia.indiatimes.com/Oil-prices-ease-in-Asian-trade/articleshow/4695638.cms |
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Post by News Update on Jun 24, 2009 8:33:46 GMT 3
Sensex up 117 points on global cues, short-covering 24 Jun 2009, 1023 hrs IST, PTI MUMBAI: The Bombay Stock Exchange’s benchmark Sensex on Wednesday moved up by over 117 points in early trade on fresh buying by funds, tracking firming global cues. The 30 share index, Sensex, which remained volatile and ended flat at 14,324.01 on Tuesday, rose by 117.49 points or 0.82% at 14,441.50 in the first five minutes of trade on the back of a significant rise in heavy-weight stocks. timesofindia.indiatimes.com/Sensex-opens-117-points-up/articleshow/4695595.cms |
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Post by News Update on Jun 24, 2009 9:00:54 GMT 3
Yen Falls for 2nd Day Against Euro After Japan’s Exports Slide June 24 (Bloomberg) -- The yen fell for a second day against the euro after a Japanese report showed exports declined at a faster pace last month, diminishing the appeal of the currency as a refuge from the global recession. www.bloomberg.com/apps/news?pid=20601102&sid=aAckHwD6IAq8 |
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Post by News Update on Jun 24, 2009 11:14:52 GMT 3
LIC to invest Rs 50,000 cr in stocks 24 Jun 2009, 1329 hrs IST, PTI NEW DELHI: Life Insurance Corporation of India (LIC) on Wednesday said it will invest nearly Rs 50,000 crore in the equity market this fiscal. "We expect to invest nearly Rs 50,000 crore in equities this year against Rs 40,800 crore last year," LIC managing director Thomas Mathew told reporters here. timesofindia.indiatimes.com/LIC-to-invest-Rs-50000-cr-in-stocks/articleshow/4696333.cms |
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