Buisness news nov

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Buisness news nov

  1. 1. SUBMITTED BY : PUSHP SAMBYAL MBA-2B BUISNESS NEWS 1ST NOV – 4TH OCT 2010
  2. 2. Sensex up 0.9 per cent; Coal India leaps on debut  Indian shares rose 0.9 percent in early trade on Thursday, on an upbeat listing for Coal India, the country's largest ever share offering, with strong Asian markets supporting sentiment.  Shares in Coal India, the world's largest coal miner, opened at 295.70 rupees compared with an issue price of 245 rupees, after the Indian government raised $3.4 billion.  The stock extended gains and was trading at 315 rupees. The 50-share NSE index was up 0.8 percent at 6,210.70.
  3. 3. US dollar eases against rupee  MUMBAI: The US dollar eased against the rupee at Rs 44.35/36 per dollar, but the Pound Sterling turned higher at Rs 71.52/54 per pound at the close of the Interbank Foreign Exchange Market (Forex) here on Wednesday.  The following are the Interbank Forex and RBI rates: (In Rupees Per Unit) Unit Interbank RBI Reference US Dollar 44.35/36 US Dollar Rs 44.36 Pound Sterling 71.52/54 Euro Rs 62.11 Euro 62.29/31 Japanese Yen (100) 54.87/89. 
  4. 4. Ford shares hit six-year high on strong Oct sales  DETROIT: Ford Motor Co shares hit their highest level in more than six years on Wednesday, after the company reported stronger-than-expected October sales and showed evidence that it is seizing market share.  So far this year, Ford is No. 2 in market share and sales in the US having overtaken Toyota Motor Corp. General Motors Co is ranked No. 1 in sales and market share in the US market.  Shares of Ford rose as high as $15.20 on Wednesday. The last time shares traded at that level was July 2004.  So far this year, Ford shares are up about 52 per cent, while the S&P 500 is up 7.4 per cent. American depositary receipts
  5. 5. World economic recovery is slowing: OECD  PARIS: The Organization for Economic Cooperation and Development said on Wednesday the world economic recovery has slowed and is cutting its forecast for growth in developed countries in 2011.  The OECD issued a report Wednesday ahead of the Group of 20 summit of rich and developing countries in South Korea next week.  The watchdog group for 33 of the world's most developed economies forecast 2010 growth for its members at between 2.5 and 3 percent of gross domestic product _ a wider range than in its previous forecast of 2.7 in June. It also lowered its growth forecast for next year to 2 to 2.5 percent, down from 2.8 percent.
  6. 6. THANKS…

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