Rupee slips to new lows as Fed weighs QE pullback

DNMUM279200 | 6/19/2013 | Author :Parnika Sokhi | WC:520

Mumbai: Talks of possible unwinding of quantitative easing by the US Federal Reserve continued to rattle global currencies, leading to high dollar demand.In tango, the rupee slipped to all-time

Signs of hope in IT spend

DNMUM279201 | 6/19/2013 | Author :Beryl Menezes | WC:422

Mumbai: Despite lack of a pick-up in IT discretionary spends in the January-March quarter in the US, analysts are hopeful that the US economic recovery will lead to more spending in all industries, in

Rupee skating down, Glenmark, Ranbaxy feel the heat

DNMUM279202 | 6/19/2013 | Author :Ashish K Tiwari | WC:575

Mumbai: The depreciating rupee is set to negatively impact the profitability of pharma companies like Glenmark and Ranbaxy this quarter.Going by Barclays Capital, the two companies are set to take

Adani Power may bear the brunt of currency carnage

DNMUM279203 | 6/19/2013 | Author :Promit Mukherjee | WC:412

Mumbai: Adani Power, the electricity generating company from the multi-billion dollar Gujarat-based Adani Group, is likely to face a significant brunt of a tumbling value of the rupee against the doll

RBI drops hints, will the govt heed?

DNMUM279159 | 6/18/2013 | Author :Team DNA | WC:442

This time, the central bank has decided to leave rates untouched, after cutting them on each of the three reviews this year. The decision came despite the fact that the headline inflation, which ha

‘DPCO will cut Zydus Cadila’s profit by 2.50%’

DNAHM64820 | 6/18/2013 | Author :Himansh Dhomse | WC:553

Having reached a major milestone by discovering India’s first new chemical entity (NCE), treating diabetic dyslipidemia, Zydus Cadila CMD Pankaj Patel believes while it was the West that so far use

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