Business

November 14, 2013 1:50 PM

WPI inflation for Oct rises to 7% on back of high food prices

Wholesale Price Index-based inflation for the month of October rose to 7 percent, the highest in current financial year in the wake of costlier food items. The inflation measured on the wholesale price index, WPI was 6.46 per cent in September this year and 7.32 per cent in October 2012. As per the ...

November 14, 2013 1:44 PM

Sensex rallies 264 points to 20,459 in afternoon trade

Maintaining its initial gains, the Sensex at the Bombay Stock Exchange had rallied 264 points, or 1.3 percent, to 20,459 in afternoon trade, a short while ago. Earlier in the morning, the Sensex had jumped 260 points, or 1.3 per cent, to 20,455, on fresh buying by investors, driven by some encouragi...

November 14, 2013 1:13 PM

Sensex gains over 295 points in afternoon trade<br/>

The Sensex at the Bombay Stock Exchange rose over 295 points in afternoon trade on fresh buying activity driven by encouraging corporate earnings and a firming trend in the Asian region. The 30-share index which gained over 350 points in its previous session, surged over 295 points to 20,489 when re...

November 14, 2013 12:05 PM

3 PIOs among 50 richest people in Africa : Forbes Magazine

According to a list released by Forbes magazine, three persons of Indian-origin are among the 50 richest people in Africa. It says rising stock prices and new business deals are creating more billionaires in the continent.Vimal Shah, Sudhir Ruparelia and Naushad Merali figure in the list which has b...

November 14, 2013 12:03 PM

India, Ukraine ink MoU on JVs; Kiev to address concerns of Indian pharma cos

India and Ukraine signed a Memorandum of Understanding (MoU) for cooperation in joint ventures and research and development in pharmaceuticals and bio-pharmaceuticals. Both countries also agreed to work towards early conclusion of an agreement to simplify visa procedures to ease movement of business...

November 14, 2013 11:51 AM

Rupee quoting 23 paise higher at 63.07 against Dollar

The rupee trimmed its early gains but was still higher by 23 paise to 63 rupees 7 paise against the dollar in late morning trade today on selling of the American currency by banks and exporters amid recovery in the equity market. The rupee resumed higher at 63 rupees 15 paise as against the last clo...

November 14, 2013 11:22 AM

3 PIOs among 50 richest people in Africa : Forbes Magazine

According to a list released by Forbes magazine, three persons of Indian-origin are among the 50 richest people in Africa. It says rising stock prices and new business deals are creating more billionaires in the continent.Vimal Shah, Sudhir Ruparelia and Naushad Merali figure in the list which has b...

November 14, 2013 11:18 AM

Rupee gains 28 paise to trade at 63.02 against Dollar

The rupee today strengthened by 28 paise to trade at 63.02 against the dollar in early trade. The rupee settled at 63.30 against the dollar yesterday, up 41 paise over the previous day&apos;s close. Traders said dollar selling by exporters and banks and the Reserve Bank revising the current acco...

November 14, 2013 11:17 AM

Sensex rebounds; up 260 points in early trade<br/>

The BSE benchmark Sensex rebounded over 260 points in early trade today on fresh buying activity driven by encouraging corporate earnings and a firming trend in the Asian region.The 30-share index, which had lost 1,044.96 points in the past seven sessions, recovered by 260.18 points, to 20,454 point...

November 14, 2013 9:56 AM

NSEL scam: Mumbai police attach 100 properties of defaulters

Mumbai Police, which is probing the 5,600 crore rupees payout involving the National Spot Exchange Ltd, has attached 100 of the 166 properties of the defaulters it has identified so far besides seven flats of the exchange&apos;s former top officials who were arrested in the case.Additional Polic...

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