Business

May 20, 2013 11:28 AM

Rupee down 10 paise against dollar

The rupee weakened by 10 paise to 54.98 against the dollar on the Interbank Foreign Exchange market in early trade today.Increased demand for the dollar from banks and importers mainly put pressure on the rupee.A firm opening in the domestic equity market and easing dollar against other currencies o...

May 20, 2013 10:36 AM

Sensex surges by 138 points in early trade

The BSE benchmark index Sensex surged by 138 points in early trade today on sustained buying by funds and retail investors triggered by a firming trend on other Asian bourses. The 30-share index gained 138 points to trade at 20,424, with all the sectoral indices rising up to 1.14 per cent.The wide-b...

May 19, 2013 7:43 PM

Service tax defaulters may face jail upto 7 yrs

Non-payment of service tax may attract arrest and imprisonment upto seven years. The Finance Bill 2013, which was passed by Parliament early this month, empowers Revenue Department officials to arrest a person for non-payment of the collected service tax.In addition the defaulter has to pay a penalt...

May 18, 2013 9:25 AM

Civil Aviation Ministry asks airlines to limit number of 'privileged' seat

The Civil Aviation Ministry has asked all airlines to limit the number of privileged seats for which they could charge a fee. At a meeting with top officials of all airlines in New Delhi, the Ministry also asked them to identify the rows of seats to be charged. Civil Aviation Secretary K N Shrivasta...

May 17, 2013 2:11 PM

China threatens retaliation if EU probes anti-competitive behavior of telcos

China has threatened to retaliate if the European Union formally opens an investigation into alleged anti-competitive behaviour by Chinese mobile telecom equipment companies.The EU had warned earlier this week that it may investigate claims that Chinese telecom firms have been paid subsidies, allowi...

May 17, 2013 1:54 PM

Sensex gives up most of its gains; up 4 points in afternoon trade

Giving up most of its intial gains, the Sensex at the Bombay Stock Exchange stood just 4 points in the positive zone, at 20,252, in afternoon trade, amid volatility, a short while ago. Earlier in the morning, however, the Sensex had climbed 54 points, or 0.3 percent, to 20,302 on continued foreign f...

May 17, 2013 1:21 PM

Sensex down 45 points in afternoon trade

The BSE benchmark Sensex is down by 45 points to 20,202 in afternoon trade today. Earlier, in the morning, the Sensex had opened with a gainded of 54 points.Similarly, the wide-based National Stock Exchange index, Nifty, down by 13 points to 6,156.In Asia, Japan's Nikkei up by 0.35 per cent...

May 17, 2013 12:41 PM

Sensex down 40 points in late morning trade

The BSE benchmark Sensex is down by 40 points in late morning trade today. Earlier, in the morning, the Sensex had opened with a gainded of 54 points.Similarly, the wide-based National Stock Exchange index, Nifty, down by 12 points to 6,157.In Asia, Japan's Nikkei up by 0.35 per cent, in ea...

May 17, 2013 11:16 AM

Oil eases in Asia trade

Oil prices eased in Asia today as poor housing and employment data from the United States sparked concerns of weaker crude demand in the world's biggest economy.New York's main contract, light sweet crude for delivery in June, dropped 14 cents to 95.02 dollar a barrel and Brent Nor...

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