Oil trading mixed in Asia over concerns about US-led Syria strike

Patel to help auto industry delegation meet PM, FM to discuss stimulus<br/>

Heavy Industries Minister Praful Patel today said that he will take a delegation of the automobile industry to Prime Minister Manmohan Singh and Finance Minister P. Chidambaram to discuss the possibility of a stimulus for the sector. Talking to reporters on the sidelines of an event in New Delhi, he...

RBI eases ECB norms

In order to encourage capital flows, the RBI today eased the External Commercial Borrowing, ECB norms by allowing companies to use funds raised from foreign partners for general corporate purposes. On a review, the apex bank has decided to permit eligible borrowers to avail of ECB under the approval...

Sensex gains over 170 points in afternoon trade

The Sensex at the Bombay Stock Exchange had rallied 175 points, or 1 percent, to 18,410 in afternoon trade, a short while ago. Earlier in the morning, the Sensex had climbed 161 points, or 0.9 percent, to 18,396, on fresh buying by funds and retail investors in select stocks. Stock markets in Japan,...

Sensex gains 331 points in afternoon trade

The BSE benchmark Sensex recovered 331 points to 18,566 in afternoon trade today due to fresh buying by funds and retail investors. Similarly, the wide-based National Stock Exchange index Nifty moved up by 107 points to 5,449. Brokers said, sentiments turned better after funds and retail investors m...

Rupee weakens by 19 paise to 67.82 vs Dollar

Rupee trimmed initial losses against the US dollar but was still quoted lower by 19 paise to 67 rupees 82 paise in late morning deals on dollar demand from banks and importers. The rupee resumed lower at 68.10 rupees per dollar against the last closing level of 67.63 rupees and dropped further to a ...

Rupee breaches 68 mark; plunges 92 paise to 68.55 vs Dollar

The rupee today again breached 68 mark by plunging 92 paise to 68.55 against the US dollar in early trade, mainly on strong demand for the American currency from importers and some banks. Dealers said heavy capital outflows amid reports that S&amp;P sees more than one-in-three chance of a downgr...

Sensex gains over 300 points; Nifty moves up by 100

The BSE benchmark Sensex recovered 307 points to 18,541 in late morning deal today due to fresh buying by funds and retail investors. Similarly, the wide-based National Stock Exchange index Nifty moved up by 101 points to 5,443. Brokers said, sentiments turned better after funds and retail investors...

Olympus & UK subsidiary to be prosecuted by Britain's Serious Fraud Office<br/>

The Japanese camera and medical equipment maker Olympus and its UK subsidiary Gyrus Group will be prosecuted by the British Serious Fraud Office. They have been charged with providing misleading, false or deceptive material in accounts for Gyrus Group. Olympus&apos;s acquisition of Gyrus was one...

Sensex recovers by 161 points; Nifty gains 46 points in early trade

The BSE benchmark Sensex recovered 161 points to 18,396 in early trade today due to fresh buying by funds and retail investors.Similarly, the wide-based National Stock Exchange index Nifty moved up by 46 points to 5,387. Brokers said, sentiments turned better after funds and retail investors made fr...