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Forex reserves dip $144 million
The country’s foreign exchange reserves fell by $144 million for the week ended December 25, 2009, mainly due to revaluation of currencies. The rupee ended the week at Rs 46.65 to the dollar as against Rs 46.73 at the end of the preceding week.

Maruti Suzuki: Margin surprise
Lower raw material costs helped Maruti post better-than-expected margins, which analysts believe is unlikely to be sustained.

News of the day

FIIs to obtain RBI nod for buying Maruti shares
The Reserve Bank of India (RBI) today said that foreign institutional investors (FIIs) would be allowed to buy more shares of Maruti Suzuki but only after obtaining approval from the central bank.
Home Business

Asian markets subdued in morning trades

Asian markets are trading in red this morning. The Hang Seng has dropped 80 points to 21,419. The Nikkei, after touching a four-month high, has dropped 27 points to 10,611 on continued concerns of Japan Airline"s debt. - Asian markets lacklustre - Asian markets up smartly - Positive bias prevails across Asia - Asian markets end in green - Cues from Asian market, RBI worries drag Sensex - Asian markets end in red, Nikkei bucks trend The Seoul Composite and the Straits Times are flat at 1,667 and 2,867, respectively. On the other hand, the Shanghai Composite has added 19 points to 3,231. The Taiwan Weighted is up 18 points at 8,071.


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