Business

December 11, 2013 9:21 AM

US lawmakers reach deal to cut spending & avert automatic shutdowns

Senior lawmakers in the United States say, they have reached a deal on how to reduce government spending and avoid another government shut down scheduled for next month. Negotiators in Congress have agreed to a two-year deal to avert automatic spending cuts. Under the agreement, 60 billion dollars i...

December 10, 2013 8:57 PM

Rupee up 9 paise at 61.04 vs dollar

At the interbank foreign exchange market, the rupee extended its gains for the fifth straight session, and closed 9 paise stronger, at 61.04 against the dollar. The rupee rose on sales of the US currency by exporters and banks, amid heavy capital inflows. The rupee has gained 132 paise in the last f...

December 10, 2013 5:47 PM

Sensex down 71 points to close above 21,000 mark

Snapping three days of gains, the Sensex at the Bombay Stock Exchange declined 71 points, or 0.3 percent, to close at 21,255, on profit-booking by investors, and falling regional markets, today. The Sensex had climbed to a record high yesterday. The Nifty at the National Stock Exchange fell 31 point...

December 10, 2013 1:54 PM

Oil prices rebound in Asia on strong US economic data

Oil prices rebounded in Asian trade today, with strong US economic data lifting investor sentiment. New York's main contract, West Texas Intermediate for January delivery, was up 10 cents at 97.44 dollar a barrel in mid-morning trade, while Brent North Sea crude for January rose seven cents...

December 10, 2013 1:52 PM

WISH 2013, Qatar calls for practical & sustainable health solutions

The World Innovation Summit for Health, WISH-2013 began in Qatar capital Doha today with a call for practical, innovative and sustainable health solutions. More than 500 global health leaders, policy makers and analysts from 67 countries will over the next two days discuss ways and means to provide ...

December 10, 2013 1:47 PM

Rupee weakens 12 paise to 61.25 vs Dollar <br/>

At the interbank foreign exchange market, the rupee gave up all its initial gains against the US dollar, on fresh dollar demand from importers, and stood 12 paise lower, at 61.25 to the US currency, in intra-day trade, today. The rupee had closed at 61.13 to the dollar in yesterday&apos;s trade.

December 10, 2013 1:45 PM

Sensex loses 130 points in afternoon trade <br/>

The Sensex at the Bombay Stock Exchange lost some more ground in afternoon trade, and stood 130 points, or 0.6 percent in negative territory, at 21,197 a short while ago. Earlier in the morning, the Sensex had declined 49 points, or 0.2 percent, to 21,277 on profit-booking by funds and retail invest...

December 10, 2013 12:59 PM

Sensex trading over a 100 points down in afternoon trade

The Sensex at the Bombay Stock Exchange was trading down 111 points at 21,214 a short while ago. It declined 49 points to 21,277 in early trade today. The fall was attributed to funds and retail investors booking profits after recent gains, amid weak trend at other Asian bourses.The 30-share index h...

December 10, 2013 11:58 AM

Sensex trading down 65 points

The Sensex at the Bombay Stock Exchange was trading down by 65 points at 21,263 a short while ago. It declined 49 points to 21,277 in early trade today. The fall was attributed to funds and retail investors booking profits after recent gains, amid weak trend at other Asian bourses.The 30-share index...

December 10, 2013 11:17 AM

Rupee at 60.96 vs Dollar in opening trade; up 15 paise

Extending its rising streak for the fifth straight day, the rupee appreciated by 15 paise to trade at 60 rupees 98 paise against the dollar in early trade today. The rise was due to persistent selling of the American currency by banks and exporters on hopes of more foreign capital inflows. The domes...

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