Business

November 7, 2013 4:31 PM

Sensex ends at fresh one-week low of 20,823, down 72 points

The Sensex at the Bombay Stock Exchange declined 72 points, or 0.4 percent, to close at 20,823 after volatile trade, amid falling regional markets, today. The Nifty at the National Stock Exchange fell 28 points, or 0.5 percent, to 6,187.Stock markets in Japan, China, Hong Kong, South Korea and Singa...

November 7, 2013 1:45 PM

Sensex climbs over 200 points in afternoon trade

Recovering smartly from initial losses, the Sensex at the Bombay Stock Exchange had surged 213 points, or 1 percent, to 21,108 in afternoon trade, a short while ago. Earlier in the morning, the Sensex had fallen 15 points, or 0.1 per cent, to 20,879, on mild selling by funds, amid weak Asian markets...

November 7, 2013 1:13 PM

Sensex gains 184 points in afternoon trade

Sensex at the Bombay Stock Exchange gained 184 points to trade at 21,079 points, a shortwhile ago. The 30-share index had lost nearly 345 points in the previous two sessions.The Nifty at the National Stock Exchange is also trading 51 points up at 6,265.In the Asian region, Hong Kong's Hang ...

November 7, 2013 12:52 PM

Amnesty accuses oil cos of cover up in Nigeria to avoid compensation

The Human Rights Group, Amnesty International has accused major oil companies of covering up the true cause of oil spills in Nigeria to avoid compensation claims. One of the companies, Shell has disputed the accusation saying it working hard to ensure greater transparency. There are hundreds of oil ...

November 7, 2013 12:09 PM

Twitter shares priced at $26 ahead of debut on NYSE today

The microblogging site Twitter shares have been priced at 26 dollars ahead of its debut on the New York Stock Exchange today. That is above the 23 to 25 dollar range announced on Monday and values the short messaging service at more than 18 billion dollar. That makes it the biggest market debut for ...

November 7, 2013 12:08 PM

Sensex gains over 200 points

Sensex at the Bombay Stock Exchange gained 201 points to trade at 21,096 points, a shortwhile ago. The 30-share index had lost nearly 345 points in the previous two sessions.The Nifty at the National Stock Exchange is also trading 58 points up at 6,273.In the Asian region, Hong Kong's Hang ...

November 7, 2013 11:15 AM

RBI permits foreign bank subsidiaries to acquire domestic private sector banks

The Reserve Bank has permitted wholly-owned subsidiaries of foreign banks to acquire domestic private sector banks as well as set up branches anywhere in the country. In certain sensitive locations, RBI's permission will be required to open branches. It has also allowed foreign bank subsidi...

November 7, 2013 11:12 AM

Rupee declines 19 paise to 62.58 against Dollar

The rupee lost 19 paise to 62 rupees 58 paise against the dollar in early trade today due to higher demand of the US currency from banks and importers. The domestic currency had plunged by 77 paise to 62 rupees 39 paise yesterday, on renewed fears that the US Federal Reserve would look at scaling ba...

November 7, 2013 11:10 AM

Sensex loses 15 points in early trade

Falling for the third consecutive day, the Sensex at the Bombay Stock Exchange lost 15 points to 20,879 in early trade today. The fall was attributed to sustained selling by funds, amid a weak trend in other Asian markets. The 30-share barometer had lost nearly 345 points in the previous two session...

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