Markets News

A man uses an electronic machine to check a currency note at a money exchange shop in Siliguri in this May 18, 2009 file photo. REUTERS/Rupak De Chowdhuri/Files

Rupee up as shares rebound ahead of budget

Reuters - Fri, Jul 3

The rupee recouped early losses and rose on Friday, helped by gains in local shares ahead of the budget but the dollar's strength against major currencies curbed a further increase.

  • A worker refuels a vehicle at a petrol station in New Delhi September 20, 2006. REUTERS/Vijay Mathur/Files
    Govt may up fuel prices once more by October - HDFC Bank Reuters - Fri, Jul 3

    HDFC Bank expects to see another round of domestic fuel price hikes by October due to rising crude prices, it said in a note on Friday.

  • German lower house approves "bad bank" plan Reuters - Fri, Jul 3

    Germany's Bundestag lower house of parliament approved a "bad bank" plan on Friday that aims to relieve banks by enabling them to shift billions of euros in troubled assets off their books.

  • Stock brokers trade in a brokerage firm in Kolkata in this February 2009 file photo. REUTERS/Jayanta Shaw
    BSE Sensex rises 1.7 pct; budget awaited Reuters - Fri, Jul 3

    The BSE Sensex shrugged off an early fall and rose 1.7 percent on Friday, as investors covered their short positions ahead of an updated budget on Monday and helped the market to post its second consecutive weekly gain.

  • Passengers travel in a suburban train in Mumbai July 3, 2009. REUTERS/Arko Datta
    HIGHLIGHTS - Railway budget focuses on fares, services Reuters - Fri, Jul 3

    The railway minister unveiled a mix of populist measures, including cheap tickets for the poor and no increase in freight or passenger fares, as well as steps to boost the sprawling system's efficiency and finances.

  • No plans now to sell stakes in Neyveli - coal minister Reuters - Fri, Jul 3

    The government has no plans to sell stakes in Neyveli Lignite as of now, Coal Minister Shriprakash Jaiswal said on Friday.

  • JM Financial MF promotes Katoch as chief executive Reuters - Fri, Jul 3

    JM Financial Asset Management has promoted its deputy chief executive officer Bhanu Katoch as chief executive, the firm's website showed on Friday.

  • Commuters wait as a train approaches a railway station in Mumbai July 3, 2009. REUTERS/Punit Paranjpe
    Railway budget focuses on fares, services Reuters - Fri, Jul 3

    The railway minister unveiled a mix of populist measures, including cheap tickets for the poor and no increase in freight or passenger fares, as well as steps to boost the sprawling system's efficiency and finances.

  • People watch a large screen displaying India's benchmark share index on the facade of the Bombay Stock Exchange (BSE) building in Mumbai January 24, 2008. REUTERS/Punit Paranjpe/Files
    BSE Sensex provisionally rises 1.75 percent Reuters - Fri, Jul 3

    MUMBAI (Reuters) The BSE Sensex provisionally rose 1.75 percent on Friday on late short covering ahead of the budget on Monday.

  • A stockbroker uses his terminal to trade at a brokerage firm in Mumbai in this September 30, 2008 file photo. REUTERS/Punit Paranjpe/Files
    India Funds dominate world top-100 stock funds in Q2 Reuters - Fri, Jul 3

    Fifty one India-focused funds were among the world's top 100 performing stock funds in the quarter to June as domestic shares leapt by nearly half, recording their biggest surge in 17 years, data from fund tracker Lipper showed.

  • A man uses an electronic machine to check a currency note at a money exchange shop in Siliguri in this May 18, 2009 file photo. REUTERS/Rupak De Chowdhuri/Files
    Rupee strengthens as stocks recover Reuters - Fri, Jul 3

    The Indian rupee recouped early losses to strengthen on Friday afternoon, tracking a recovery in local equities.

  • A man uses an electronic machine to check a currency note at a money exchange shop in Siliguri in this May 18, 2009 file photo. REUTERS/Rupak De Chowdhuri/Files
    Govt eyes $386 mln from stake sales in 2 firms Reuters - Fri, Jul 3

    India plans to raise 18.54 billion rupees ($386 million) via sale of shares in two state-owned companies in the current fiscal year, the government said on Friday.

  • BSE Sensex extends gains to 1 pct Reuters - Fri, Jul 3

    MUMBAI (Reuters) The BSE Sensex extended gains to more than 1 percent on Friday afternoon on short covering ahead the budget next week, traders said.

  • A woman walks past the entrance of the headquarters of South Africa's MTN Group in Johannesburg in this May 27, 2008 file photo. REUTERS/Mike Hutchings/Files
    SBI offers Bharti $1 bln loan for MTN - sources Reuters - Fri, Jul 3

    State Bank of India has offered a loan of up to $1 billion to Bharti Airtel to partly fund the Indian telecoms firm's planned stake buy in South Africa's MTN, two sources said.

  • Prime Minister Manmohan Singh speaks during a news conference in Chennai in this May 9, 2009 file photo. REUTERS/Babu/Files
    Rail budget a competent job - PM Reuters - Fri, Jul 3

    The 2009/10 railways budget is a "competent" job, Prime Minister Manmohan Singh said on Friday.

  • IRFC to borrow 90 bln rupees in 2009/10 Reuters - Fri, Jul 3

    Indian Railways Finance Corporation, the financing arm of the railways, will borrow 90 billion rupees via bonds in the 2009/10 financial year, according to railways budget documents.

  • Commuters wait as a train approaches a railway station in Mumbai July 3, 2009. REUTERS/Punit Paranjpe
    Govt keeps passenger fares, rail freight unchanged Reuters - Fri, Jul 3

    The government will keep its rail freight and passenger rates unchanged for the current financial year that began in April, Railways Minister Mamata Banerjee said on Friday.

  • Railways Minister Mamata Banerjee speaks on a mobile phone during her visit to Kolkata in this May 26, 2009 file photo. REUTERS/Stringer
    Mamata Banerjee to increase railway budget in 2009/10 Reuters - Fri, Jul 3

    India will provide additional budgetary support of 50 billion rupees to its railways in 2009/10 and its financing arm Indian Railways Finance Corporation will issue tax-free bonds, the railways minister said on Friday.

  • Commuters travel in a suburban train in Mumbai in this February 13, 2009 file photo.REUTERS/Arko Datta/Files
    Railways land to be put to productive use - minister Reuters - Fri, Jul 3

    India will put the railways' land to productive use along its freight corridor and will set up a 1000-mega watt power plant, minister Mamata Banerjee said on Friday.

  • Commuters travel in a suburban train in Mumbai in this February 13, 2009 file photo. REUTERS/Arko Datta/Files
    Improving passenger amenities a priority - Railways minister Reuters - Fri, Jul 3

    Improving passenger amenities is a priority area for the Indian railways and it will set up a panel to look at innovative financing for unviable projects, its minister said on Friday.


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