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Rates of exchange 02 Dec 2009

	1 EUR = 69.780	INR
	1 USD = 46.250	INR
	1 GBP = 76.800	INR
	1 CAD = 44.250	INR
	1 JPY = 0.531	INR

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	NEWS TAPE

India to Sell 150 Billion Rupees of Shares in Power Companies : India plans to raise as much as 150 billion rupees ($3.2 billion) selling shares in three state-run electricity companies and use the proceeds to build roads and ports in Asia’s third-largest economy. ...
02 Dec 2009 17:33

02 Dec 2009 17:31

Indian Rupee May Climb 10% Against Dollar: Technical Analysis : India’s rupee may climb 10 percent during the first quarter of 2010 should it breach the 62 percent retracement of its decline to a record low, Brown Brothers Harriman & Co. said. ...

01 Dec 2009 17:11

Indian Sugar Makers Delay Imports Waiting for Prices to Decline : Sugar mills in India’s biggest cane- growing state are waiting for domestic prices to drop before booking their next shipment of imported raws. Uttar Pradesh mills, which usually start crushing in the first week of November, idled capacity after growers seeking higher tariffs held back cane supplies, pushing up local rates, ...

01 Dec 2009 17:08

India’s 7.9% Growth May Force Subbarao to ‘Sit Up’ : India’s central bank may withdraw more stimulus measures by the end of the year after Asia’s third-biggest economy grew at the fastest pace in six quarters. “The chances of a rate move before the end of December have risen,” said Robert Prior-Wandesforde, senior Asia economist at HSBC Holdings Plc in Singapore. Economic growth of 7.9 percent last ...

India’s Exports, Manufacturing Data Point To Economic Recovery : India’s exports declined the least this year and manufacturing output gained for an eighth month, adding to evidence that Asia’s third-largest economy is recovering from the global ...
01 Dec 2009 17:08

30 Nov 2009 17:16

Soybean Meal Exports From India to Miss Target, Processors : India, Asia’s biggest soybean meal exporter, may miss a target to boost shipments by 25 percent as a surge in domestic seed prices prompts buyers to shift to South American supplies, a ...

India’s Economy Expands 7.9%; Fastest in Six Quarters : India’s economy expanded at the fastest pace in 1 1/2 years as manufacturing jumped, giving the central bank room to withdraw more stimulus measures. Gross domestic product grew 7.9 percent in the three months to Sept. 30 from a year earlier after gaining 6.1 percent in the previous quarter, the statistics bureau said in New Delhi today. That ...
30 Nov 2009 17:15

Indian Stocks, Rupee, Bonds Decline on Dubai Default Concern : India’s stocks, currency and bonds fell on concern investors may shy away from riskier emerging market assets over losses stemming from Dubai’s attempt to reschedule its debt. ...
27 Nov 2009 16:50

India’s Rupee Declines on Dollar Demand for Month-End Payments : India’s rupee dropped for the first time in five days on speculation importers bought dollars to meet month-end payments. Costlier crude oil is forcing refiners to obtain more U.S. currency in the foreign exchange market. The fuel traded at $77.46 a barrel recently in New York, 74 percent higher than at the ...
26 Nov 2009 17:20

India Stocks Fall Most in a Month; Reliance, ICICI Shares Drop : India’s benchmark stock index fell the most in almost a month after investors judged gains this year as excessive. Reliance Industries Ltd., the nation’s most valuable company, fell 3.1 percent. ICICI Bank Ltd., India’s second- largest lender, slid 4 percent. ...
26 Nov 2009 17:16

25 Nov 2009 17:53

Hazardous conditions for India's e-waste workers : Inside, dozens of people, many of them children, spend tiring hours picking through the remains of old computers and mobile phones - hoping to find reusable parts to sell on for a tiny fee. ...

Indian Banks Must Find Funding for Roads, Ports, Subbarao Says : Indian banks need to find ways to fund infrastructure projects, extend financial services to more rural and poor people, manage their risk and improve efficiency, central bank Governor ...
25 Nov 2009 17:52

India Plans to Sell 5% Stake in NTPC in Local Public Offering : India’s government plans to sell a 5 percent stake in NTPC Ltd. in a local public offering, and is seeking bids from banks to manage the sale, according to an advertisement published in ...
24 Nov 2009 17:42

Mills in India’s Biggest Cane Grower Begin Crushing : Sugar producers in India’s biggest cane-growing state have started crushing after a price dispute with farmers caused a delay of as much as four weeks to the start of the season, easing a shortage ...
24 Nov 2009 17:39

US economy will 'bounce back': Indian PM : Indian Prime Minister Manmohan Singh has voiced confidence that the US economy will make a strong recovery and poured cold water on talk of dropping the dollar as the key global currency. In an interview ahead of his arrival Sunday on a state visit to the United States, the 77-year-old trained economist said he had grown accustomed to predictions of US economic decline over the decades. ...
23 Nov 2009 17:33

Indian Rice Imports May Climb to 5 Million Tons, Narang Says : India, the world’s second-largest grower and consumer of rice, may import as much as 5 million metric tons next year as flooding compounds crop losses caused by drought earlier this year, ...
20 Nov 2009 17:42

India Primary Articles Prices Rose 9.94% in Week Ended : India’s primary articles index, with 22.02 percent weight in the wholesale-price inflation basket and comprising mainly of food items, rose 9.94 percent in the week to Nov. 7 from a year ...
19 Nov 2009 17:19

India Suzlon unit wins US wind turbine order : India's Suzlon Energy <SUZL.BO> said on Wednesday its German unit REpower Systems <RPWGn.DE> has signed a contract to supply wind turbines with a total capacity of 18.45 megawatts to U.S. firm Heritage ...
18 Nov 2009 16:55

18 Nov 2009 16:54

India to have 'billion' mobile users soon : India could have more than one billion mobile phone users by 2015, with the bulk of that growth in rural areas, one of the country's top telecom executives said Wednesday. Manoj Kohli, chief executive of India's biggest mobile phone group Bharti Airtel, told an industry conference in Hong Kong that his firm is aiming to almost double its customer base to 200 million people in ...

Sugar Makers in India’s Top Cane Grower Idle Units, Miller Says : Sugar mills in India’s biggest cane- growing state have yet to begin crushing for the season started Oct. 1, bringing sugar production to a halt, as farmers withhold supplies in ...
18 Nov 2009 16:54

16 Nov 2009 16:37

India plans fingerprint IDs for billion-plus citizens : India's 1.16 billion people are each to receive their own identity number under a monumental plan designed to cut corruption and improve distribution of state benefits. The project -- modelled on social security numbers in the United States -- will compile an Internet database of the personal details, fingerprints and photograph of every Indian across the vast ...

Canada offering avenues for Indian investors : Canada is offering various options for Indian businessmen and capital investors willing to migrate there as permanent residents, an immigration consultancy said here Monday. 'Businessmen can easily migrate to Canada as permanent residents under the Canadian Federal Investor Program and Quebec Investor Program,' said B.S. Sandhu, chairman and managing director of WorldWide ...
16 Nov 2009 16:25

13 Nov 2009 17:40

India Plans to Sell 5% of NTPC, Finance Ministry Official Says : India plans to sell a 5 percent stake in NTPC Ltd., the nation’s biggest electricity producer, Sunil Mitra, secretary for asset sales at the Ministry of Finance, said in New Delhi today. ...

India’s Cash Iron-Ore Price for China May Rise as Supplies Fall : India’s iron-ore price for cash sales to China may rise about 4 percent this month as supplies shrink from one of India’s biggest producing states following a government directive to ...
13 Nov 2009 17:39

12 Nov 2009 17:16

India Plans to Allow Satellite-Based Cable TV Distribution : India plans to allow satellite- based cable television using Headend-in-the-sky, or HITS platform, speeding the process of digital distribution, according to a decision taken by the Cabinet in ...

12 Nov 2009 17:13

Suzlon Energy Gains After Being Added to Msci India Index : Suzlon Energy Ltd. rose as much as 5 percent in Mumbai and traded at 69.65 rupees as of 9.57 a.m. local time. India’s biggest maker of wind turbines was added to the MSCI India Index. ...

Australia pledges $70 mn for research projects in India : Australia Thursday decided to scale up its collaboration with India in science and research by pledging over $70 million in areas straddling energy, agriculture and environment. Australian Prime Minister Kevin Rudd announced that his government would invest $50 million for the Australia-India Strategic Research Fund; $1 million for an innovative joint solar cooling ...
12 Nov 2009 17:08

India-Canada to sign civil nuclear agreement : Canadian Prime Minister Stephen Harper's aides have indicated that negotiations for a bilateral civil nuclear agreement are underway between India and Canada, and will be signed during his visit to India ...
12 Nov 2009 16:58

Cotton Sales by India to Double on Demand From China, Pakistan : Cotton exports from India, the second-biggest grower, will more than double this crop season as China and Pakistan seek more fiber to make up for a shortfall in supplies from the U.S., a ...
11 Nov 2009 14:39

India’s Stocks Rise for Fifth Day; Reliance Industries Gains : India’s stocks rose for the fifth day, led by Reliance Industries Ltd. after the refiner found oil and reports of a meeting between Chairman Mukesh Ambani and his brother signaled a ...
10 Nov 2009 17:29

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01 Dec 2009

Indian Sugar Makers Delay Imports Waiting for Prices to Decline

30 Nov 2009

Soybean Meal Exports From India to Miss Target, Processors

India to Sell 150 Billion Rupees of Shares in Power Companies
02 Dec 2009

02 Dec 2009

Indian Rupee May Climb 10% Against Dollar: Technical Analysis

02 Dec 2009

Tata Motors Gains After November Auto Sales Surge

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