Business

September 3, 2013 4:36 PM

Sensex dropped 651 points of 3.45 percent to close at 18,234

Earlier in the morning, however, the Sensex had gained 121 points, or 0.6 per cent, to 19,007, amid firm regional bourses. The Sensex had rallied almost 920 points in the previous four trading sessions.Stock markets in Japan, China, Hong Kong, Singapore, South Korea, Indonesia, and Taiwan had added ...

September 3, 2013 2:29 PM

Moscow G-20: Finance and Labour Ministers to meet for first time

For the first time in the G-20 draft action plan meetings, there is a joint meeting of ministers of finance and ministers of labour from G20 member states. Our correspondent Manikant Thakur covering the summit in St.Petersburg in Russia beginning Thursday,reports that while representatives of the he...

September 3, 2013 2:17 PM

G-20 Finance and Labour Ministers to meet for first time at Moscow meet

For the first time in the G-20 draft action plan meetings, there is a joint meeting of ministers of finance and ministers of labour from G20 member states. Our correspondent Manikant Thakur covering the summit in St.Petersburg in Russia beginning Thursday,reports that while representatives of the he...

September 3, 2013 2:16 PM

Rupee loses 90 paise to 66.90 against Dollar

The Indian rupee dropped sharply by 90 paise to 66.90 rupees against the American currency in late morning trade on persistent dollar demand from banks and importers on the back of firm dollar in overseas amidst sudden fall in equity market.The rupee resumed lower at 66.29 rupees per dollar as again...

September 3, 2013 2:15 PM

Sensex drops over 400 points in late afternoon trade

Failing to maintain its initial gains, the Sensex at the Bombay Stock Exchange had plunged 429 points, or 2.3 percent, to 18,457 in afternoon trade, a short while ago, on fresh selling by investors, amid renewed rupee weakness. Earlier in the morning, however, the Sensex had gained 121 points, or 0....

September 3, 2013 1:14 PM

Sensex sheds over 380 points in late afternoon trade

The Sensex at the Bombay Stock Exchange today dropped by 382 points to 18,504 in late afternoon trade due to fresh selling mainly in Banking, FMCG, Oil and gas and Consumer Durable stocks. Earlier, the 30-share barometer dropped 134 points in late morning session.The Nifty, at the National Stock Exc...

September 3, 2013 12:43 PM

Tech giant Microsoft to buy Nokia handset business

The American technology giant Microsoft has agreed to buy the mobile phone business of the Finnish firm Nokia, in a deal worth 7.2 billion dollars. The transaction is expected to be completed next year. Nokia will also license its patents and mapping services to Microsoft. Under the deal, about 32,0...

September 3, 2013 12:15 PM

Sensex drops by over 130 points in late morning trade

The Sensex at the Bombay Stock Exchange today dropped by 134 points to 18,753 in late morning trade. Earlier, the 30-share barometer regained 19,000 mark by spurting 121 points in morning session led by rally in FMCG, consumer durables and oil and gas sector stocks, amid firm trend on other Asian bo...

September 3, 2013 12:10 PM

Rupee drops sharply by 90 paise to 66.90 against Dollar

The Indian rupee dropped sharply by 90 paise to 66.90 rupees against the American currency in late morning trade on persistent dollar demand from banks and importers on the back of firm dollar in overseas amidst sudden fall in equity market.The rupee resumed lower at 66.29 rupees per dollar as again...

September 3, 2013 11:44 AM

Rupee weakens by 50 paise to 66.50 vs Dollar

The rupee weakened by 50 paise to 66.50 against the dollar in early trade today due to renewed dollar demand from importers and appreciation of the US currency overseas.The rupee fell by 30 paise to close at 66 rupees against theUS currency in the previous session.

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