Posts Tagged ‘usd’

Oil rebounds from 2 days of losses

Oil rebounded on Wednesday from a two-day decline, ending an up-and-down trading day above USD 107 per barrel. On Wednesday Benchmark West Texas Intermediate crude for May delivery gained 86 cents to settle at USD 107.11 per barrel on the New York Mercantile Exchange

Tata Chem sees USD 300350 million EBITDA from Gabon plant

Tata Chemicals expects earnings before interest, taxes, depreciation and amortization (EBITDA) of USD 300350 million from the ammoniaurea fertilizer plant at Republic of Gabon in Africa, Managing Director R.

Dollar index rises 0.10%

In the spot market, the Dollar Index increased 0.10% to 74.94. It touched a high of 75 and a low of 74.83 after opening at 74.89

Hitachi betting big on India, to invest USD 1 bn: Sources

Global technology major Hitachi has big plans for India.

PCAOB penalises PW India

PW India violated its most fundamental duty as a public watchdog say the SEC and the PCAOB of Pricewaterhouse India’s role in the Satyam fraud. The two American regulators have imposed their largest ever penalties on PW India, USD 6 million by the SEC and USD 1.5 million by the PCAOB.

Nymex trades above $ 110 per barrel mark

Oil traded at 2.5 year highs as fears of violence amid the Nigerian elections spurred oil prices higher. Demandsupply concerns also pressurised crude as Nymex traded above the USD 110 per barrel mark, while Brent traded over USD 122 per barrel.

Market cues: FIIs net buy $162 mn

Market cues: FIIs net buy USD 162 million in the cash market on April 06.

Market cues: FIIs net buy $352 mn

Market cues: FIIs net buy USD 352 million in the cash market on April 05.

CairnVedanta deal suffers another setback; referred to GoM

The USD 9.6 billion deal between Cairn India and Vedanta Resources has been referred to a GoM to be headed by finance minister Pranab Mukhrejee, oil minister Jaipal Reddy said.

Is annuity payment for infra funding ineffective?

The government’s infrastructure investment target of USD 1 trillion is all fine, but the industry is divided on just how this money should be raised.

Genpact to acquire Headstrong for $550m

Genpact has agreed to buy consulting and IT services provider Headstrong for USD 550 million and expects to close the transaction by May 31, said its president and chief executive officer Pramod Bhasin.

Rio Tinto closes in on Riversdale, hits target

Rio Tinto is close to securing a majority of Riversdale Mining, after receiving acceptances ahead of its target level, just before a key deadline on its A$3.9 billion (USD 4 billion) bid.

CairnVedanta deal referred to FMheaded GoM: Jaipal Reddy

The USD 9.6 billion deal between Cairn India and Vedanta Resources has been referred to the GoM headed by finance minister Pranab Mukhrejee, oil minister Jaipal Reddy said.

Hotel industry aims $10bn investment in India over 5 years

The hotel industry in India is looking at investing USD 10.3 billion by 2015, which will create 60,000 rooms and 2,000 news jobs. CNBCTV18’s Swati Khandelwal Jain reports more on the top global hotel companies which have big expansion plans in India