Sensex up 80 pts in early trade

The Sensex at the Bombay Stock Exchange rose 80 points in early trade today, as funds and investors made selective buying ahead of RBI policy meeting. The 30-share barometer had gained 351 points in the previous session on Friday.The Nifty at the National Stock Exchange was by 12 points to 5,820.In ...

Sensex surges 351 points; Rupee strengthens 47 paise against US dollar<br/>

Snapping three days of losses, the Sensex at the Bombay Stock Exchange surged 351 points, or 1.9 percent, to close above the 19,000-mark, at 19,178 on Friday, as lower headline inflation revived hopes of a rate cut by the Reserve Bank, and as global markets gained ground.The Nifty at the National St...

WPI-based inflation in May falls to 4.7%

Declining prices of manufactured goods helped inflation based on the Wholesale Price Index, WPI, fall to a three-and-a-half year low of 4.7 per cent in May this year. WPI inflation has now fallen for the fourth straight month. WPI inflation had stood at 4.89 per cent in April this year, and at 7.55 ...

SEBI notifies norms for listing of preference shares

DoT suggests to open telecom sector to FDI

A Department of Telecommunications panel has suggested completely opening up the telecom sector to foreign direct investment, FDI, a move which is expected to bring in fresh funds into the industry that is facing a financial crisis. Official sources said that hiking FDI to 100 per cent has been unde...

FIPB defers decision on Jet Airways-Etihad deal

The Foreign Investment Promotion Board (FIPB) on Friday deferred a decision on Rs. 2,000-crore Jet Airways-Etihad deal in aviation sector and sought clarity on control and ownership in this regard. The FIPB meeting was held under the Chairmanship of the Economic Affairs Secretary Arvind Mayaram in N...

Sensex ends over 350 points up

Snapping three days of losses, the Sensex at the Bombay Stock Exchange surged 351 points, or 1.9 percent, to close above the 19,000-mark, at 19,178 on Friday, as lower headline inflation revived hopes of a rate cut by the Reserve Bank, and as global markets gained ground.The Nifty at the National St...

Gold price falls Rs. 360 per 10 grams amid weak global trend

Gold fell Rs. 360 to Rs. 28,190 per ten grams at Delhi&apos;s bullion market on Friday, on slackened demand at prevailing higher levels, amid a weak global trend.Silver lost Rs. 700, to Rs. 44,000 per kilo, on reduced offtake by jewellery fabricators and industrial units.Silver coins plunged Rs....

Airbus A350 takes its maiden flight

The newest aircraft from European planemaker Airbus has taken off on its maiden test flight. The Airbus A350 is designed to be more fuel-efficient, and a direct competitor to US rival Boeing&apos;s 787 Dreamliner. It is seen as vital to the future of Airbus, which competes with Boeing to supply ...

Brent crude slips below $105 per barrel

Brent crude oil futures slipped from near 105 dollars a barrel on Friday, with ample U.S. inventories and a poor demand outlook weighing on prices, after bouncing more than 3 percent in the last two sessions off this week&apos;s low. So Brent crude slipped 23 cents, to 104.71 dollars a barrel. U...