Top telecom players are expected to report moderate an increase in sales and operating profit for the June 2010 quarter after a gloomy performance in the past two quarters. However, their net profits are likely to fall on account of higher forex losses.
Even though the pressure on tariff continues due to new players foraying into [...]

The rupee fell by 34 paise to 47.11/12 against the US dollar on Monday on sustained demand for the American currency from banks and importers amid a volatile equity market.
At the Interbank Foreign Exchange market, the domestic unit resumed lower at 47.05/06 per dollar against last weekend’s close of 46.77/78 per dollar and dropped further [...]

Step inside one of the galas, in the 25-storeyed Panchratna, and you will only hear the hum of air conditioners, the whirr of crystal saw blades and the occasional swish of puffballs used to dust polished diamond sets.
The diamond bourse has severed — or so it seems — its traditional ties with the local stock [...]

The state-owned Oil India Limited (OIL) declared a dividend of 340 percent in its fourth quarter results on Wednesday.
N M Borah, Chairman and Managing Director of OIL announced that the declared dividend is one of the highest declared by the company so far.
“In recognition to the company’s excellent performance, the board has declared that the [...]

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The Indian rupee extended early gains in afternoon trade on Monday amid weak dollar overseas and a positive local sharemarket. At 2.30 p.m., the partially convertible rupee was at 44.88/89, after touching day’s high of 44.82 rupees a dollar.
The Indian unit had closed at 45.48/49 on Friday. The currency last week recorded its worst [...]

The rupee extended losses for the fifth day today shedding 18 paise against the US currency due to distinctly weak equities amid increased capital outflows.
At the Interbank Foreign Exchange (Forex) market, the domestic unit closed at at 45.48/49, down by 18 paise.
The rupee opened sharply lower at 45.70/71 and touched a low of 45.73, a [...]

Europe’s mounting debt troubles and a shock plunge on Wall Street left markets in disarray on Friday, as European leaders rushed to approve a 110-billion-euro bailout for Greece to avoid a default.
Finance ministers from the Group of Seven (G7) top industrialised countries agreed to hold a conference call later on Friday after stock market plunges [...]

The rupee today closed down 18 paise against the US currency after strong dollar demand towards the end of day amid weak stock markets.
In fairly active trade at the Interbank Foreign Exchange (Forex) market, the domestic unit settled at 44.46/47 a dollar, a loss of 18 paise over the previous close. The rupee moved in [...]

The Indian rupee turned somewhat weak on Thursday losing 7 paise to 44.61 a dollar in early trade in line with the dollar’s
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gain overseas.
Traders said fresh capital outflows by foreign funds amid weakening equity markets also influenced the trading sentiment.
The rupee had closed at 44.54/55 a dollar in the previous session.
The Bombay Stock Exchange [...]

The Indian rupee strengthened to a 19-month peak on Monday as local shares closed at their highest level in 25 months, and accumulated
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dollar inflows from holidays last week underpinned sentiment.
The partially convertible rupee ended at 44.44/45 per dollar, more than 1 percent stronger than Wednesday’s close at 44.89/90. It had touched an intraday [...]