Business

June 19, 2013 4:42 PM

Sensex down 47 points in late morning trade

The BSE benchmark Sensex was trading 47 points down at 19,175 a short while ago. It fell for the second straight day today on sustained selling by funds amid a mixed trend in other Asian markets. The 30-share barometer fell by 62 points in early trade. The wide-based National Stock Exchange index, N...

June 19, 2013 4:35 PM

Rupee slips six paise to 58.83 agaisnt dollar

The rupee failed to maintain initial gains against the the US dollar by slipping six paise to 58.83 per dollar on renewed demand from banks and importers in view of sustained foreign capital outflows. The rupee resumed higher at 58.74 per dollar as against the last closing level of 58.77 per dollar ...

June 19, 2013 2:27 PM

Rupee slips six paise to 58 rupees 83 paise against dollar

The rupee failed to maintain initial gains against the the US dollar by slipping six paise to 58.83 per dollar on renewed demand from banks and importers in view of sustained foreign capital outflows. The rupee resumed higher at 58.74 per dollar as against the last closing level of 58.77 per dollar ...

June 19, 2013 2:26 PM

Sensex falls over 60 points in afternoon trade

The BSE benchmark Sensex fell for the second straight day today on sustained selling by funds amid a mixed trend in other Asian markets. The 30-share barometer fell by 62 points to 19,161 in early trade. Stocks of oil and gas, consumer durables, capital goods and banking sectors were major losers, p...

June 19, 2013 1:38 PM

US Court upholds Exim Bank loan to Air India for purchase of Boeing aircraft

A US court has rejected a plea by the Delta Airlines to vacate the US Export-Import Bank's support for the sale of 30 Boeing wide-body jets to Air India.At the same time, the US Court of Appeals in Washington DC asked the Exim Bank to further explain its financing decision for the Air India...

June 19, 2013 1:07 PM

Sensex trading down 67 points

The BSE benchmark Sensex was trading 67 points down at 19,154 a short while ago. It fell for the second straight day today on sustained selling by funds amid a mixed trend in other Asian markets. The 30-share barometer fell by 62 points in early trade.The wide-based National Stock Exchange index, Ni...

June 19, 2013 12:52 PM

US Court upholds Exim Bank loan to Air India for purchase of Boeing aircraft

A US court has rejected a plea by the Delta Airlines to vacate the US Export-Import Bank's support for the sale of 30 Boeing wide-body jets to Air India.At the same time, the US Court of Appeals in Washington DC asked the Exim Bank to further explain its financing decision for the Air India...

June 19, 2013 10:10 AM

Fin Min proposes raising FDI limit in key sectors

The Finance Ministry has proposed sweeping changes in the Foreign Direct Investment, FDI, regime to promote India as an attractive investment destination. A committee headed by Economic Affairs Secretary Arvind Mayaram has favoured higher sectoral caps in almost all sectors including defence, multi-...

June 19, 2013 10:04 AM

Rupee gains 15 paise to 58.62 against dollar

Rupee recovered by 15 paise to 58 rupees 62 paise against the US dollar in early trade today on increased selling of the US currency by exporters. However, dollar's strength against other currencies overseas capped the rupee's gain as investors await the conclusion of the US Federa...

June 19, 2013 9:54 AM

Sensex falls 62 points in early trade

The BSE benchmark Sensex fell for the second straight day today on sustained selling by funds amid a mixed trend in other Asian markets. The 30-share barometer fell by 62 points to 19,161 in early trade. Stocks of oil and gas, consumer durables, capital goods and banking sectors were major losers, p...

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