Economic performance to be better in second half of fiscal: Montek

Deputy Chairman of Planning Commission Montek Singh Ahluwalia has said that the worst is probably over for the Indian economy. He told reporters in New Delhi yesterday that the economy will perform better in the second half of this fiscal. Dr Ahluwalia said, the core sector performance does give som...

Rupee continues decline; down 11p at 61.85 vs Dollar

The Rupee continued to decline for the 3rd day on Tuesday by slipping another 11 paise to 61.85 per dollar in the late morning session on persistent demand for the American currency from banks and importers amidst steady dollar in the overseas market. The rupee resumed lower at 61.95 per dollar as a...

Sensex declines 265 points, closes at 20,975<br/>

Snapping five days of gains, the Sensex at the Bombay Stock Exchange declined 265 points, or 1.3 percent, to close at 20,975, on profit-booking by investors, on Tuesday. The Sensex had climbed almost 670 points in the previous five trading sessions. The Nifty at the National Stock Exchange fell 64 p...

Brent holds near 4-month low on Libya supply concerns<br/>

Brent crude oil futures today steadied near a four-month low touched, yesterday, on worries over a prolonged period of reduced exports from Libya. So Brent crude rose 24 cents, at 106.47 dollars a barrel, after hitting a four-month low of 105.13 dollars a barrel, overnight. U.S. oil fell 3 cents, at...

Gold down by Rs 200 to Rs 31,100 per ten grams<br/>

Falling for the seventh straight day, gold dropped 200 rupees, to 31,100 rupees per ten grams at Delhi&apos;s bullion market, today, on sluggish demand, amid a weak global trend. Gold had lost 1,270 rupees in the previous six trading sessions. Silver fell 500 rupees, to 48,500 rupees per kilo, o...

Sensex declines 265 points, closes at 20,975<br/>

Snapping five days of gains, the Sensex at the Bombay Stock Exchange declined 265 points, or 1.3 percent, to close at 20,975, on profit-booking by investors, today. The Sensex had climbed almost 670 points in the previous five trading sessions. The Nifty at the National Stock Exchange fell 64 points...

Johnson & Johnson in biggest settlement for drug promo charges

The American pharmaceutical company Johnson &amp; Johnson has agreed to pay more than two billion dollars to settle allegations that it promoted powerful psychiatric drugs for unapproved uses in children, seniors and disabled patients. The settlement is one of the biggest involving a drug firm i...

Sensex loses 173 points in afternoon trade

Remaining weak in afternoon trade, the Sensex at the Bombay Stock Exchange stood 173 points, or 0.8 percent in negative territory, at 21,066, a short while ago. Earlier in the morning, the Sensex had fallen 105 points, or 0.5 per cent, to 21,134, as funds and retail investors booked profits, amid we...

Lanka Central Bank to issue notes bearing CHOGM logo

Sensex down by 117 points in afternoon trade

Sensex was trading 117 points down at 21,121 points a shortwhile ago. Snapping its five-day rising streak, Sensex lost nearly 105 points, to 21,134, in early trade today, as funds and retail investors booked profits amid a mixed trend in other Asian markets. The 30-share index had gained around 670 ...