Business

May 2, 2013 4:56 PM

Sensex up 232 pts to close at 19,736

The Sensex at the Bombay Stock Exchange surged 232 points, or 1.2 percent, to close at a three-month high of 19,736, today, on buying by funds and expectations of a rate cut by the RBI tomorrow. The Nifty at the National Stock Exchange spurted 69 points, or 1.2 percent, to 5,999.But Stock markets in...

May 2, 2013 2:36 PM

Montek calls on industry to support innovators

Planning Commission Deputy Chairman Montek Singh Ahluwalia has asked the industry and other potential financiers to encourage and support innovators in their creative endeavours. Speaking at an award function to honour innovators in New Delhi today, Mr Ahluwalia emphasized the need for industry play...

May 2, 2013 2:27 PM

SC dismisses petition challenging Centre's FDI policy in multi-brand retail

The Supreme Court on Wednesday cleared the hurdles for the implementation of FDI in multi-brand retail sector saying that the consumer is king and if that is the philosophy working behind the policy then what is wrong. The apex court said the policy aimed at throwing out the middleman, who are curse...

May 2, 2013 1:38 PM

Sensex gains over 200 points in afternoon trade

Recovering smartly from initial losses, the Sensex at the Bombay Stock Exchange stood a hefty 260 points, or 1.3 percent in posiitve territory, at 19,764 in afternoon trade, a short while ago. Earlier in the morning, however, the Sensex had opened with a loss of 53 points, or 0.3 per cent, to 19,451...

May 2, 2013 12:10 PM

Paring early losses, sensex rises 216 points in late morning trade

Paring early losses, the Sensex at the Bombay Stock Exchange rose by 216 points in late morning trade today on fresh buying mainly in IT, tech, banking, realty and consumersectors on the back of persistent capital inflows.The Sensex had opened 53 points down in early trade , as funds and retail inve...

May 2, 2013 10:26 AM

Rupee rises 13 paise to 53.67 against dollar

Continuing its gains for the third consecutive session, the rupee today rose by 13 paise to 53.67 rupees against the dollar in early trade, on sustained selling of the US currency by exporters. The rupee had gained 45 paise to close at nearly three- month high of 53.80 rupees against the dollar in t...

May 2, 2013 10:21 AM

Sensex loses 53 points in early trade

The Sensex at the Bombay Stock Exchange fell by 53 points in early trade today, as funds and retail investors booked profits after recent gains, amid a weak trend in other Asian markets. The 30-share barometer had gained 217 points in the previous two sessions.The Nifty at the National Stock Exchang...

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