Business news

bse-sensex

BSE Sensex Up, Rupee Hits Record Low

The BSE Sensex posts its third consecutive daily gain on Monday after State Bank of India boosted the outlook of the stock market with its impressive earning last week. However, rupee hits a new record low at 55 per dollar, which could affect the stocks. May 21, 2012
rupee

Rupee Tumbles Short of 'Psychological 55' at Record Low of 54.99 to Dollar

Indian currency took another beating on Monday, sinking to a record low of 54.99 against the US dollar in the late afternoon trade session. The rupee stood at 54.96/97 to the dollar at 4:26 p.m. (1056 GMT), and had earlier plunged to the key psychological level of 55 to the dollar, Reuters said. May 21, 2012
mark-zuckerberg

Facebook Valued At $104 As Public Trading Set To Begin; Shares Priced At $38

Facebook raised $16 billion in the largest initial public offering (IPO) by a technology company in history as it increased the price of its offering to $38 per share on Thursday. The social media giant's valuation shot up to about $104 billion before public trading begins Friday on the Nasdaq exchange under the ticker symbol FB. May 18, 2012
Prices of the safe haven yellow precious gold metal jumped 0.2 per cent to $1,751.80 an ounce after finance ministers in the heavily fiscal-affected eurozone and the International Monetary Fund (IMF) agreed to reduced Greece's long-term debt.

India's Gold Demand Falls 29 Percent In Q1; Price Upturn Likely In Future

India's gold demand slumped 29 percent in the year's first quarter, falling far behind China which is now the world's leading bullion market, the World Gold Council said Thursday. As per the organization's report, the country's gold consumption in volume declined to 207.6 tonnes in the first quarter, as compared to that of 291.8 tonnes at the same period the previous year. India's gold jewellery market reported a drop at 19 percent to 152 tonnes, while investment demand dipped 46 percent down... May 17, 2012
wipro

Wipro to Acquire Promax Applications Group

Indian global IT services and consulting company Wipro Limited announced on Monday that it has signed an agreement to acquire Australian analytics company Promax Applications Group (PAG) for Rs 1920 million May 1, 2012
boeing-787-dreamliner-aircraft-inside-photos

Boeing to Deliver 787 Dreamliner to Air India

After the Boeing Co. has rolled out its 787 Dreamliner in South Carolina assembly plant on Friday the manufacture company has to deliver the first four of Air India's 27 order of the aircraft mid this year. Apr 28, 2012
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