12/08/2013

dna: Money News

Steps to arrest Rupee slide on anvil, announcement likely soon Hectic deliberations were held in the Finance Ministry over the extended weekend on ways to stabilise the volatile domestic currency, which had touched a record low of 61.80 to a US dollar last week.   Sun posts loss on Pfizer settlement   The 2013 Skoda Octavia debuts in India   Finance Ministry working on additional steps to contain rupee fall The Ministry, according to sources, is likely to announce additional steps soon to contain CAD and check volatility in the forex market.   Fun to drive dna invited software engineer Prashant Upponi to test drive the Skoda Rapid Elegance 1.6 TDI.   Clear your line of sight Knowing how to defog your windscreen is crucial.   Top 5 cars under Rs 5 lakh Check out the best deals on wheels in this segment.   BMW 1-Series pre-bookings begin The 1-Series will be offered with one petro land one diesel engine.   BMW India to launch 1-Series on September 3, 2013 The 1-Series will take on Mercedes' A-Class head-on, when it goes on sale in India.   Hyundai Grand i10 revealed; to launch next month The Grand i10 will also get a 1.1-litre, 3 cylinder diesel engine.   Confident of overcoming challenging environment: Raghuram Rajan Rajan's appointment as the 23rd Governor comes amid unprecedented macroeconomic challenges, most visible in the rupee, which has lost over 12 per cent since the beginning of the fiscal.   Lupin targets 50% sales from brands Lupin Ltd reported 43% increase on-year rise in the first-quarter net profit at Rs 401.1 crore. Analysts, however, were not impressed over 5% fall in domestic revenues and 12% sales drop in Japanese market, which led to the stock falling 6.5% on Wednesday. Vinita Gupta, CEO, Lupin Pharmaceuticals Inc and group president & CEO elect, Lupin Ltd, spoke to Ashish K Tiwari about the Street's concerns and expansion plans. Excerpts from the interview:   RPower, Tata question UMPP bidding norms   Rupee up 12 paise Vs dollar in early trade The rupee had tumbled 53 paise to a fresh closing low of 61.30 against the dollar in Wednesday's trade on renewed dollar demand from imoprters and bearish local stocks.   Sensex recovers over 27 points in early trade Brokers said selective buying by participants at prevailing lower levels amid a firm trend in other Asian bourses, helped sentiments to improve.

About | Contact | Advertise | Reprint ©2013 Diligent Media Corporation Ltd.

Sent to cnews2day.i-news@blogger.com — why did I get this? unsubscribe from this list | update subscription preferences Diligent Media Corporation Ltd. · 11th Floor, Tower 3, Indiabulls Finance Centre · Senapati Bapat Marg, Elphinstone (West) · Mumbai 400013