Business

June 19, 2013 9:32 AM

Kapilavastu to get school under Nepal-India Economic co-operation programme

India will give a grant assistance of 4.14 crore nepali rupees for construction of a school building in Kapilvastu district.A Memorandum of Understanding was signed on yesterday between the Indian Embassy in Kathmandu, District Development Committee, Kapilvastu and Shree Higher Secondary School for ...

June 18, 2013 5:38 PM

Sensex down 103 pts to close at 19,223

The Sensex at the Bombay Stock Exchange fell 103 points, or 0.5 percent, to close at 19,223, on profit-booking by investors, today. The Nifty at the National Stock Exchange lost 36 points, or 0.6 percent, to 5,814.Stock markets in China, South Korea and Singapore gained between 0.1 percent and 1.5 p...

June 18, 2013 2:28 PM

Fin Min launches Infra Debt Fund to boost investment in infra sector

Finance Minister P. Chidambaram today launched the maiden Infrastructure Debt Fund (IDF) Scheme of IIFCL Mutual Fund in New Delhi for catalyzing investment in Infrastructure sector. Speaking on the occassion Mr. Chidambaram said that it is important to mobilize resources from insurance and pension s...

June 18, 2013 2:26 PM

Rupee weakens by 59 paise to 58.46 against dollar

The rupee weakened by 59 paise to 58 rupees 46 paise against the US dollar in late morning trade on sustained dollar demand from banks and importers on the back of higher dollar overseas amidst capital outflows. The rupee resumed lower at 58 rupees 25 paise per dollar as against the last closing lev...

June 18, 2013 2:26 PM

Sensex loses 36 points in afternoon trade

The Sensex at the Bombay Stock Exchange dropped 36 points, or 0.2 percent, to 19,290 in afternoon trade, a short while ago. Earlier in the morning, the Sensex had opened 80 points, or 0.4 percent in negative territory, at 19,246 on profit-booking by investors, after two days of gains. Stock markets ...

June 18, 2013 1:28 PM

Sensex falls 84 points in afternoon trade

The Sensex at the Bombay Stock Exchange fell by 84 points to 19,241 in afternoon trade today. Earlier it was down by 80 points in early trade due to sellingpressure in rate-sensitive counters mainly in banking,consumer durable and auto amidst capital outflows from foreign funds. The Nifty also dropp...

June 18, 2013 1:02 PM

Sensex falls by 25 points in noon trade

The Sensex at the Bombay Stock Exchange fell by 25 points to 19,300 in noon trade. Earlier it was down by 80 points in early trade today due to sellingpressure in rate-sensitive counters mainly in banking,consumer durable and auto amidst capital outflows from foreign funds. The Nifty also dropped by...

June 18, 2013 12:22 PM

Oil rises in Asia on concerns over Syria, Turkey unrest

Oil prices rose in Asian trade today, fuelled by growing concern over the Syrian conflict andpolitical unrest in Turkey. New York's main contract, light sweet crude for delivery in July, gained five cents to 97.82 dollars a barrel and Brent North Sea crude for August delivery added three ce...

June 18, 2013 12:21 PM

Rupee weakens by 59 paise to 58.46 against dollar

The rupee weakened by 59 paise to 58 rupees 46 paise against the US dollar in late morning trade on sustained dollar demand from banks and importers on the back of higher dollar overseas amidst capital outflows. The rupee resumed lower at 58 rupees 25 paise per dollar as against the last closing lev...

June 18, 2013 9:15 AM

TRAI announces reduction in mobile roaming charges

Telecom regulator, TRAI has announced reduction in national mobile phone roaming charges, but said there will be no free national roaming as of now. TRAI Chairman Rahul Khullar said that the telecom regulator has mandated two types of free national roaming plans to be provided by all telecom service...

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