Indian Rupee Inches Up Chasing Strong Asian Stocks

Indian CurrencyMumbai: The rupee inched up today as profits in Asian stocks aroused expectations of abroad investment flows into local equities, though dealers stayed conservative regarding the fallout from U.S. credit market instability.

At 9:40 a.m, the partly convertible rupee stood at 41.07/08 per dollar, beefing up from yesterday’s 41.08/09.

Japanese PM Arrives In India, N-Cooperation, Defense On Schedule

Japanese Prime Minister Shinzo AbeNew Delhi: With a multi-pronged two-si

All Indian ADRs showing signs of Weakness

The US indices ended the day on a mixed note on Tuesday (August 21), with the Dow Jones closing in the negative and Nasdaq ending in the positive.

The Nasdaq ascended on Tuesday as news that the Federal Reserve might bring down its benchmark interest rate shortly, allayed unrelenting worries regarding the credit markets.

The Dow Jones closed down 30.49 points, or 0.23%, at 13,090.86, whereas the Nasdaq Composite closed up 12.71 points, or 0.51%, at 2521.30.

Direct Tax Proceeds Up 44% Till Mid-August

New Delhi: A cheerful securities market, combined with an economy rising at 9 per cent, has resulted in the government accumulating 44.39 per cent extra direct tax receipts till August 15 in the cu

ICICI Prudential AMC Ties Up With United Bank Of India

JSW Steel Acquires Three Jindal Saw US Cos For $900 Million

JSW Steel LtdMumbai: In yet another mega acquirement in the steel segment, JSW Steel has adopted three steel companies in Texas, U.S for $900 million to get a foothold in the North American market.

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