Business

May 29, 2013 1:52 PM

Sensex loses over 70 points in afternoon trade

The Sensex at the Bombay Stock Exchange stood 74 points, or 0.4 percent in negative territory, at 20,087 in afternoon trade, amid volatility, a short while ago. Earlier in the morning, the Sensex had opened with a loss of 77 points, or 0.4 per cent, at 20,084, on profit-booking by investors. The Sen...

May 29, 2013 1:33 PM

NY officials charge 7 men in largest int'l money laundering case

Officials in New York have charged seven men in what is thought to be the largest international money laundering case ever brought by the United States. The men are employees of Liberty Reserve, a Costa Rica based company, considered the world's biggest online currency exchange.The seven ha...

May 29, 2013 1:18 PM

NY officials charge 7 men in the largest int'l money laundering case

Officials in New York have charged seven men in what is thought to be the largest international money laundering case ever brought by the United States. The men are employees of Liberty Reserve, a Costa Rica based company, considered the world's biggest online currency exchange.The seven ha...

May 29, 2013 1:04 PM

Sensex slips further by 68 points in late afternoon trade

Maintaining its downward trend, the Sensex at the Bombay Stock Exchange further lost by 68 points to 20,093 in late afternoon deals. Earlier, the 30-share barometer declined by 57 points, to 20,103 in late morning deals with banking, consumer durables and capital goods stocks leading the fall.The Ni...

May 29, 2013 12:23 PM

Sensex loses 57 points in late morning deals

The Sensex at the Bombay Stock Exchange lost 57 points to 20,103 in late morning deals. Earlier, the 30-share barometer declined by 77 points, to 20,084 in early deals with banking, consumer durables and capital goods stocks leading the fall.The Nifty at the National Stock Exchange fell by 22 points...

May 29, 2013 11:40 AM

Rupee down 9 paise; hits nine-month low at 56.18 against dollar

The rupee today fell by 22 paise to trade at a fresh nine-month low of 56.18 against the US dollar in early trade on the Interbank Foreign Exchange due to month-end demand for the US currency from importers and banks. Appreciation of the American currency against major currencies overseas on robust ...

May 29, 2013 10:47 AM

Sensex falls by over 77 points in early trade

The BSE benchmark Sensex fell by over 77 points in early trade today after three sessions of gains on emergence of profit-booking by funds and retailers amid a mixed trend in Asian markets.The 30-share barometer declined by 77.03 points, or 0.38 per cent, to 20,083.79 with banking, consumer durables...

May 29, 2013 8:40 AM

TRAI issues new tariff orders to make STBs & digital TV equipment cheaper

The Telecom Regulatory Authority of India, TRAI has issued new tariff orders to make set top boxes, STBs and other equipment for digital TV available at reasonable prices. In a statement issued yesterday, TRAI said, tariff orders have been devised to make available STBs and Customer Premises Equipme...

May 29, 2013 8:38 AM

RBI rules out ban on sale of gold by banks

The RBI on Tuesday, ruled out a ban on the sale of gold by banks, but asked the lenders to refrain from aggressively selling the precious metal. Talking to reporters on the sidelines of a financial inclusion conference in Pune, RBI Governor D Subbarao, said that they do not want the selling of Gold ...

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