Moily confident of resolving issue of securing $135 mn bank guarantees from RIL for higher gas pricing

Petroleum Minister M.Veerappa Moily says,he is confident of resolving the issue of securing 135 million dollars in bank guarantees from Reliance Industries within a fortnight to enable the company to charge higher gas price from April 1. He was speaking to reporters in Mumbai today.According to the ...

Rupee continues to rule firm for 3rd day today

Rupee continued to rule firm for the third day today by advancing 8 paise to 62.42 per dollar on persistent selling of the US currency by banks and exporters on the back of good foreign capital inflows.The domestic currency resumed higher at 62.45 per dollar as against the last closing level of 62.5...

Sensex loses 128 points in afternoon session

The Sensex at the Bombay Stock Exchange lost 128 points, or 0.6 percent, to trade at 20,477, in the afternoon session, a short while ago. The Nifty at the National Stock Exchange fell 41 points, or 0.7 percent, to 6,075.In other Asian markets, key benchmark indices in Japan, China, South Korea and S...

Sensex falls over 73 points in late morning deals

The BSE benchmark Sensex today fell by over 73 points to 20,531 in late morning deals as investors booked profits after yesterday's strong rally amid a mixed trend on other Asian bourses. Earlier, the 30-share index down by 66 points in opening session.Similarly, the wide-based National Sto...

Rupee gains 8 paise to 62.42 against Dollar

Rupee continued to rule firm for the third day today by advancing 8 paise to 62.42 per dollar on persistent selling of the US currency by banks and exporters on the back of good foreign capital inflows.The domestic currency resumed higher at 62.45 per dollar as against the last closing level of 62.5...

China police arrest 9 people in oil pipeline blast that killed 55

Police in China have arrested nine people in relation to explosions that killed 55 people. The blasts in the eastern city of Qingdao took place on Friday, after a leaking oil pipeline owned by oil refiner Sinopec caught fire. Seven of those arrested were Sinopec employees, Xinhua reported. The explo...

Rise in gold smuggling; Lanka customs ups vigil on India-bound passengers

Sri Lanka Customs officials are keeping a close watch on passengers bound for Chennai and Mumbai from the Bandaranaike International Airport in Colombo to check growing incidents of gold smuggling.Spokesperson of Custom department, Leslie Gamini told the media that investigations are underway to fin...

Sensex falls over 66 points in early trade

The BSE benchmark Sensex today fell by over 66 points in early trade as investors booked profits after yesterday's strong rally amid a mixed trend on other Asian bourses. The Sensex had gained nearly 388 points in the previous session.Similarly, the wide-based National Stock Exchange index ...

Rupee gains 6 paise to quote at 62.44 vs Dollar

The rupee today appreciated by six paise to 62 rupees 44 paise against the dollar in early trade at the Interbank Foreign Exchange market on selling of the UScurrency by exporters.The rupee had gained 37 paise to end at 62 rupees 50 paise yesterday after global crude oil prices dropped following a n...

IRDA to provide unique ID numbers for hospitals to mine data on tariffs