Most Popular Business News

Most Popular Highlight

Rupee fall to widen trade gap -Credit Suisse

Reuters Thu, May 15

MUMBAI (Reuters) - The rupee's steep fall versus the dollar may widen its current account deficit and push inflation higher, Credit Suisse said on Thursday.

Most Viewed Business News

  1. Icahn to battle Yahoo to accept Microsoft bid Reuters - 06:50 AM

    By Dane Hamilton
    NEW YORK (Reuters) - Financier Carl Icahn launched a campaign to replace Yahoo Inc's board with directors who would reopen talks with Microsoft Corp, saying Yahoo acted "irrationally" in refusing the software company's $47.5 billion bid. 

  2. A street sign is seen on Wall Street outside the New York Stock Exchange December 5, 2007. REUTERS/Brendan McDermid/Files
    U.S. STOCKS - Market gains on oil's drop as tech, retail rise Reuters - Thu, May 15

    NEW YORK (Reuters) - U.S. stocks rose on Thursday as a drop of more than $2 in crude oil prices eased worries about the impact of higher energy costs on consumer spending. 

  3. Investor Carl Icahn speaks at the Wall Street Journal Deals & Deal Makers conference, held at the New York Stock Exchange, June 27, 2007. REUTERS/Chip East/Files
    Icahn to fight Yahoo to accept Microsoft bid Reuters - Thu, May 15

    NEW YORK (Reuters) - Financier Carl Icahn on Thursday launched a proxy battle to force Yahoo Inc to reopen buyout talks with Microsoft Corp, saying the Yahoo board had acted "irrationally" in refusing its $47.5 billion offer. 

  4. India's growth robust, irreversible: World Bank PTI - Thu, May 15

    Mumbai, May 15 (PTI) India's growth, despite current crisis of spiraling inflation, was robust and irreversible, a top World Bank official has said . 

  5. A customer wears a one-carat gold bangle during an exhibition in Jammu April 13, 2008. REUTERS/Amit Gupta/Files
    India 08 Akshaya Tritiya gold sales down 11 pct on year Reuters - Thu, May 15

    MUMBAI (Reuters) - India's gold sales during the Akshaya Tritiya festival was at 48.99 tonnes this year, down 11 percent compared to last year, the World Gold Council said in a statement on Thursday. 

  6. File photo of a girl displaying a 1000 rupee note in Mumbai. The rupee erased early gains on Thursday and fell to 13-month lows on arbitrage trading by banks toward the close, and could cloud the near-term outlook for the unit. REUTERS/Savita Kirloskar/Files
    Rupee erases early rise, ends at 13-mth low Reuters - Thu, May 15

    By Anurag Joshi
    MUMBAI (Reuters) - The rupee erased early gains on Thursday and fell to 13-month lows on arbitrage trading by banks toward the close, and could cloud the near-term outlook for the unit. 

  7. Indian equities on a big upswing IANS - Thu, May 15

    Mumbai, May 15 (IANS) Indian equities markets, which opened in the green Thursday, performed very well throughout the day and a key index climbed over 375 points, mirroring cues from other Asian markets. 

  8. File photo of a girl displaying a 1000 rupee note in Mumbai. The rupee's steep fall versus the dollar may widen its current account deficit and push inflation higher, Credit Suisse said on Thursday. REUTERS/Savita Kirloskar/Files
    Rupee fall to widen trade gap -Credit Suisse Reuters - Thu, May 15

    MUMBAI (Reuters) - The rupee's steep fall versus the dollar may widen its current account deficit and push inflation higher, Credit Suisse said on Thursday. 

  9. Sensex up over 360 points at close IANS - Thu, May 15

    Mumbai, May 15 (IANS) The Sensex climbed over 360 points at the day's close Thursday as Indian stock markets - that opened in the green - witnessed brisk trade. 

  10. S&P cuts Pakistan rating on economics, politics Reuters - Thu, May 15

    LONDON (Reuters) - Ratings agency Standard & Poor's cut Pakistan's sovereign rating on Thursday, citing increasing pressure from expanding fiscal and external imbalances against a volatile political setting. 

  1. An oil rig is silhouetted against the sunset in St. Lawrence, Texas May 9, 2008. The weak U.S. dollar is the main reason behind oil prices rising to record levels, not demand or supply factors, an Iranian Oil Ministry official was quoted as saying on Saturday. REUTERS/Jessica Rinaldi
    Dollar, not supply, causes record oil - Iran offical Reuters - Sat, May 10

    TEHRAN (Reuters) - The weak U.S. dollar is the main reason behind oil prices rising to record levels, not demand or supply factors, an Iranian Oil Ministry official was quoted as saying on Saturday. 

  2. Citigroup to unload $400 billion non-core assets IANS - Fri, May 9

    New York, May 9 (IANS) Vikram Pandit, India born chief executive of Citigroup, Friday presented his strategy to turn around the beleaguered bank and announced that it plans to unload $400 billion more in 'legacy assets' over the next few years to reinvigorate itself. 

  3. Gold rises for fourth day on increased seasonal demand PTI - Thu, May 8

    New Delhi, May 8 (PTI) Gold prices today rose by Rs 35 to Rs 11,855 per 10 gram for the fourth straight day in the bullion market here today on scattered buying by retail customers. 

  4. Chennai arrest report 'inaccurate': QuestNet India says IANS - Wed, May 7

    Kuala Lumpur, May 7(IANS) The Quest India Group of Companies has termed as 'inaccurate' reports from Chennai about the arrest of one of its woman employee and seizure of goods. 

  5. Tata, ArcelorMittal in race to buy Krakatau FE - Sat, May 3

    World's fifth largest steelmaker Tata is likely to join the race to acquire Indonesia's state-run steel mill P T Krakatau alongwith ArcelorMittal and Australia's BlueScope, the country's leading daily The Jakarta Post reported. 

  6. Reliance announces unlimited free STD call scheme IANS - Mon, Apr 28

    Mumbai, April 28 (IANS) Anil Ambani-promoted Reliance Communication Ltd Monday announced a plan of 'Unlimited Free STD' calls between Reliance to Reliance mobile phones across post-paid and pre-paid services. 

  7. Kuwait firm in real estate business in Kerala IANS - Fri, Apr 25

    Kochi, April 25 (IANS) Dewa Projects Pvt Ltd, promoted by a group of non-resident Indians in Kuwait, has announced its entry into the real estate sector in Kerala. 

  8. A mother carries packets of rice as other residents queue to buy cheaper rice supplied by the National Food Authority at a rolling store in Manila April 8, 2008. REUTERS/Cheryl Ravelo
    Philippines calls for regional meeting on rice Reuters - Fri, Apr 11

    MANILA (Reuters) - The Philippines, one of the country's most affected by soaring rice prices, called on Friday for a meeting of Asian ministers to discuss a global rush for the grain that has heightened anxiety about food security. 

  9. Alembic Ltd completes centenary celebrations IANS - Mon, Mar 31

    Vadodara, March 31 (IANS) City-based Alembic Ltd, one of the leading pharma entities in India, completed its year-long centenary celebrations Monday with a resolve to become a Rs.20-billion ($500 million) company in the next four years. 

  10. British government welcomes Tata buy IANS - Wed, Mar 26

    London, March 26 (IANS) Trade and Investment Minister Lord Digby Jones - who has just won a campaign to be allowed to drive a Jaguar - said Wednesday the British government welcomes the 'long-term commitment' shown by Tata Motors in purchasing the Jaguar and Land Rover brands. 

Most Emailed Business News

  1. Indian equities markets open with an upswing IANS - 10:26 AM

    Mumbai May 16 (IANS) Indian equities markets opened in the green zone Friday, taking off from the positive close overnight and mirroring strong cues from global markets. 

  2. Tech Mahindra gets $700 mln contract from BT - paper Reuters - 09:56 AM

    MUMBAI (Reuters) - Telecommunications firm Tech Mahindra Ltd has bagged a $700-million contract from BT Group to improve the latter's IT infrastructure, the Economic Times newspaper reported on Friday. 

  3. World Bank provides $600 million for India's elementary education plan IANS - 09:42 AM

    Washington, May 16 (IANS) The World Bank has approved a $600 million credit to support to India's Sarva Shiksha Abhiyan (SSA), a nationwide centrally sponsored programme designed to provide education to all children aged 6 to 14. 

  4. Icahn to battle Yahoo to accept Microsoft bid Reuters - 06:50 AM

    By Dane Hamilton
    NEW YORK (Reuters) - Financier Carl Icahn launched a campaign to replace Yahoo Inc's board with directors who would reopen talks with Microsoft Corp, saying Yahoo acted "irrationally" in refusing the software company's $47.5 billion bid. 

  5. Blackstone reports loss, but sees markets thawing Reuters - 02:29 AM

    By Megan Davies
    NEW YORK (Reuters) - Private equity company Blackstone Group reported a first-quarter loss on Thursday as it cut the value of its investments, but said it saw signs of recovery in the markets and in banks' ability to lend for deals. 

  6. Sacks of different varieties of corn grain are seen at the
    FAO sees energy, biofuel keeping world food costly Reuters - Thu, May 15

    By Randall Palmer
    OTTAWA (Reuters) - World food prices should stay high because of rising energy costs and the use of biofuels, but they may ease after stocks are replenished, the Food and Agriculture Organization (FAO) said on Thursday. 

  7. A customer pumps gas at a Mobil gas station in Medford, Massachusetts April 30, 2008. REUTERS/Brian Snyder/Files
    Prices causing people to curb gasoline use - Exxon chief Reuters - Thu, May 15

    WASHINGTON (Reuters) - The price of gasoline in the United States is at or near the level where people begin to curb their usage, Exxon Mobil Corp chief executive Rex Tillerson told NBC's "Today" program on Thursday. 

  8. The sun rises behind a communications tower in New Delhi March 20, 2006. REUTERS/B Mathur/Files
    Bharti to build more mobile towers in Delhi Reuters - Thu, May 15

    NEW DELHI (Reuters) - India's Bharti Airtel Ltd plans to expand its phone towers in Delhi by more than quarter this year to feed rapidly growing users, the leading mobile operator said on Thursday. 

  9. The Bombay Stock Exchange building is seen in Mumbai in this May 22, 2006 file photo. REUTERS/Punit Paranjpe/Files
    Indian shares climb 2.2 pct, energy firms rise Reuters - Thu, May 15

    By Hiral Vora
    MUMBAI (Reuters) - Indian shares rallied 2.2 percent on Thursday to their highest close in a week, boosted by gains in Reliance Industries Ltd and Reliance Communications Ltd, which won regulatory nod for its unit's share sale. 

  10. A view of an oil refinery off the coast of Singapore is seen in this March 14, 2008 file photo. Oil rose on Thursday, boosted partly by weakness in the U.S. dollar after strong economic growth data from France and Germany pushed the euro higher. REUTERS/Vivek Prakash/Files
    Oil near $125 a barrel, eyes dollar Reuters - Thu, May 15

    By Jane Merriman
    LONDON (Reuters) - Oil rose on Thursday, boosted partly by weakness in the U.S. dollar after strong economic growth data from France and Germany pushed the euro higher. 


Copyright © Yahoo Web Services India Pvt Ltd. All rights reserved.
Questions or Comments
Privacy Policy -Terms of Service - Copyright Notice