The domestic currency opened lower at 64.82 per dollar as against Friday’s closing level of 64.74 per dollar at the Interbank Foreign Exchange (Forex) market. Later, it gained on dollar selling by exporters to Rs 64.69 before quoting at 64.75 at 1045 hrs.
Posts tagged MC
Yes Bank gets RBI nod for mutual fund, AMC and trustee co (12-10-2015)
In a regulatory filing, Yes Bank said it “has received an approval from the RBI to sponsor a mutual fund, and to set up an asset management company and a trustee company.”
Sensex, Nifty sluggish post Infosys nos; IT index down (12-10-2015)
Vedanta, Hindalco, Tata Motors, Tata Steel and BHEL are top gainers while Infosys, Cipla, HDFC, Wipro and Lupin are major laggards in the Sensex. IT index is down 1 percent from previous close.
FII flows could drive Nifty, Sensex higher: Dipan Mehta (12-10-2015)
In an interview with CNBC-TV18, Mehta said the recent policy meet of the Reserve Bank has helped in improving domestic as well as FII sentiments.
FinMin invites comments on 3 GST reports by Oct 31 (12-10-2015)
GST seeks to subsume many indirect taxes at the Central and state-level. The proposed GST envisages taxation of the same taxable event, i.e., supply of goods and services, simultaneously by both the Centre and the states.
China setting up 10,000 startups a day to boost economy (12-10-2015)
China sees more than 10,000 firms born every day amid government support for entrepreneurship and so far about six million new startups have been setup, Xin Guobin, vice minister of Industry and Information Technology said. Most of the firms are small enterprises.
Does the Fed want stocks to rise or fall? (12-10-2015)
The recently released minutes to the Fed’s September meeting showed the committee fretting about the sharp drop stocks had suffered over the past month. It was mentioned as a negative in the economic outlook prepared by the committee staff, and factored into the policymakers’ economic outlook.
Nifty hovers around 8200; metals up, Infosys HDFC drag (12-10-2015)
Infosys touched record high at Rs 1219 intraday after September quarter results but soon cooled off. The stock is down 3 percent. Infosys’ Q2 profit increased 12 percent to Rs 3,398 crore from Rs 3030 crore on sequential basis. CFO Rajiv Bansal has resigned.
BlackBerry to stop making phones if sell fails to reach 5mn (12-10-2015)
BlackBerry CEO John Chen in an interview to The Verge said that his goal is to sell five million smartphones a year, which will be necessary to make the business profitable. Failing to do so, Chen hinted, BlackBerry might take an exit from the smartphone business.
GMR Infra up 3.5%, subsidiary signs MoU with Japanese firm (12-10-2015)
The park is planned to be spread over an area of 300 acres having both value added and ready to eat products.