Crisis in oil producer S. Sudan takes crude higher

Crude edged higher in Asian trade today on supply concerns following escalating violence in oil-producer South Sudan. New York's main contract, West Texas Intermediate for February delivery, was up 27 cents at 99.49 dollars in mid-morning trade while Brent North Sea crude for February gaine...

In Bangladesh under an ILO-brokered agreement with international garment retailers & manufacturers and labour groups, a 40 million US$ compensation fund has been created to aid victims of Rana Plaza garment factories building collapse which killed 1135 workers in April this year. The fund ai...

Sensex gains 47 points in late morning trade

The Sensex at the Bombay Stock Exchange trimmed initial gains but was still quoted 47 points up at 21,079 in the late morning trade. Firm Asian cues also gave a boost to the market with consumer durables, auto, power, capital goods and realtysector stocks trading up on fresh buying support from oper...

Rupee down 12 paise at 61.91 vs Dollar

The rupee dropped 12 paise to 61.91against the American currency in the late morning trade. This follows fresh dollar demand from banks and importers despite firm local equity market.The Indian unit resumed lower at 61.85 per dollar as against the last closing level of 61.79 at the InterbankForeign ...

Rupee loses 12 paise against Dollar in early trade

Sensex opens with gains of over 50 points

The sensex recovered by over 54 points in early trade today. The recovery was largely based on covering-up of pending short positions in view of monthly expiry in the derivatives segment amid a firming trend in theAsian region.The 30-share index rose by 0.25 per cent,to trade at 21,087 points. Stock...

Bill in Iran parl to meet new sanctions with increased enrichment

Iran's state television broadcaster reports that some 100 lawmakers have introduced a bill that would force the government to increase uranium enrichment to 60 per cent if new sanctions are imposed on the Islamic Republic.The report said the bill would be put on parliament's agenda...

Christmas demand spurs gold to new high

Snapping a two-day losing streak, gold rose 125 rupees, to 30,175 rupees per ten grams at Delhi's bullion market, on Wednesday, on Christmas demand, coupled with a firm global trend. Silver gained 140 rupees, to 43,690 rupees per kilo, on increased offtake by industrial units. Silver coins ...

Service tax revenues grow over 300 times in 20 year period

Revenue from service tax has grown by over 300 times in past two decades. According to provisional figures the revenue from service tax touched about 1.32 lakh crore rupees in 2012-13, compared to 407 crore rupees earned in 1994-95, when service tax was introduced. The number of assessees have also ...

TRAI imposed Rs 50 lakh fine on nine telcos for poor service

Telecom regulator TRAI has imposed cumulative penalty of Rs 50 lakh on nine mobile operators for failing to meet quality of service benchmarks in the second quarter ended June 2013, official sources said.The regulator has imposed maximum penalty of Rs 14.5 lakh on state-run telecom company BSNL for ...