Business

October 3, 2013 1:12 PM

Rupee gains 31 paise to 62.15 vs Dollar

The rupee rose by 31 paise to 62 rupees 15 paise in early trade as the dollar weakened against other major overseas currencies. Higher opening in the domestic equity market also supported the rupee. The rupee had gained 14 paise to close at 62 rupees 46 paise against the dollar in the previous sessi...

October 3, 2013 1:11 PM

Rupee higher at 62.15 vs Dollar

The rupee rose by 31 paise to 62 rupees 15 paise in early trade as the dollar weakened against other major overseas currencies. Higher opening in the domestic equity market also supported the rupee. The rupee had gained 14 paise to close at 62 rupees 46 paise against the dollar in the previous sessi...

October 3, 2013 1:02 PM

Sensex gains over 300 points in noon trade

The Sensex is trading up by 312 points at 19, 829 on persistent buying, mainly in IT, metal, tech, auto and consumer durable sectors. The Sensex resumed higher at 19,585 and firmed up further to 19,823 before quoting at 19,829 a short while ago.The NSE 50-share Nifty also rose by 108 points to 5,888...

October 3, 2013 12:19 PM

US shutdown: Investors fret over impact on oil demand; Asia crude slips

Oil prices slipped in Asian trade today as investors fretted about the impact on oil demand as lawmakers in Washington look unlikely to reach an early agreement to end the US government shutdown. New York's main contract, West Texas Intermediate for delivery in November, fell 41 cents to 10...

October 3, 2013 10:05 AM

Rupee higher at 62.15 vs Dollar; Sensex up 156 points in early trade

The rupee rose by 31 paise to 62 rupees 15 paise in early trade as the dollar weakened against other major overseas currencies. Higher opening in the domestic equity market also supported the rupee. The rupee had gained 14 paise to close at 62 rupees 46 paise against the dollar in the previous sessi...

October 2, 2013 7:56 PM

Analysts expect huge improvement in slashing CAD by India<br/>

Analysts expects a huge improvement in slashing the Current Account Deficit by India. They say, the Deficit is likely to narrow by march next year to touch a low of 1.5 per cent of GDP . This is mainly due to lower gold imports, higher overall exports and a drop in imports due to tapering domestic d...

October 2, 2013 6:09 PM

Chidambaram expects much lower CAD this year

Finance Minister Chidambaram expects a much lower Current Account Deficit - CAD this year. The government&apos;s target for the financial year is 70 billion or 3.7 per cent of GDP.Buoyed by better-than-expected first Quarter performance, Chidambaram said in Srinagar that it could be comfortably ...

October 2, 2013 2:34 PM

Sensex gains 137 points to close at 19,517

The Sensex at the Bombay Stock Exchange gained 137 points, or 0.7 percent, to close at 19,517, on Tuesday , with sentiment boosted by the lower-than-expected quarterly current account deficit, and encouraging auto sales in September. The Nifty at the National Stock Exchange rose 45 points, or 0.8 pe...

October 2, 2013 9:36 AM

No major impact on Indian economy by US shut down: Mayaram

Secretary in the department of Economic Affairs Arvind Mayaram says the US government&apos;s shut down will not have any major impact on the Indian economy.Talking to newspersons in New Delhi he said India is certainly hopeful that the shut down is not going to very seriously impact the larger U...

October 1, 2013 6:46 PM

Indian exports to US face demurrage threat due to shutdown

Indian exports to the US face the demurrage threat due to shutdown. Chairman of world&apos;s largest economy engineering exporters body, Anupam Shah said in Kolkata today that Indian exports to the US accounts for 12-14 per cent of the total outbound shipments worth 300 billion US Dollars. In 20...

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