Business

April 25, 2013 4:51 PM

Sensex up 227pts to close at 19,407

Rising for the fourth straight session, the Sensex at the Bombay Stock Exchange surged 227 points, or 1.2 percent, to close at 19,407, today. The Nifty at the National Stock Exchange jumped 79 points, or 1.4 percent, to 5,916.

April 25, 2013 2:33 PM

Rupee gains 19 paise to 54.19 against dollar

The rupee gained 19 paise to 54 rupees 19 paise against the dollar in late morning trade today, on fresh selling of dollars by banks, on the back of weakness of dollar in overseas market.The domestic currency had lost 24 paise to close at 54 rupees 38 paise in the previous session on Tuesday. Forex ...

April 25, 2013 1:45 PM

Sensex stands 131 points in the green in afternoon trade

The Sensex at the Bombay Stock Exchange rose 144 points, or 0.8 percent, to 19,323 in early trade, today, on sustained buying by funds and retail investors, amid rising regional bourses. Later, the Sensex remained firm, and stood 131 points, or 0.7 percent in the green, at 19,311 in afternoon trade,...

April 25, 2013 1:02 PM

Sensex maintains upward trend; 186 points in the red in afternoon trade

Maintaining its upward trend, the Sensex at the Bombay Stock Exchange was trading 186 points in the positive zone at 19,366 in afternoon trade, when reports last came in. The 30-share index extended gains for the fourth-straight day and rose by 144 points in early trade today. It had gained over 448...

April 25, 2013 12:54 PM

KSIDC inks JV with Korean co for Kerala solar panel project

The Kerala State Industrial Development Corporation has signed an agreement with Korean company Ju Sung Engineering for the first phase of setting up a project for solar panels with an annual capacity of 100 MW.The Korean company, engaged in the development and production of solar cell manufacturing...

April 25, 2013 12:03 PM

Sensex trading 175 points up in late morning trade

The Sensex at the Bombay Stock Exchange was trading 175 points in the positive territory at 19,355 in late morning trade, when reports last came in. The 30-share index extended gains for the fourth-straight day and rose by 144 points in early trade today. It had gained over 448 points in the previou...

April 25, 2013 11:02 AM

IMF asks Pakistan to take action to stabilise economy

The International Monetary Fund (IMF) has asked Pakistan to take necessary action to stabilise the economy and lay the groundwork for future growth.A high-level Pakistan delegation led by the Advisor on Finance Shahid Amjad Chaudhry and the State Bank of Pakistan Governor Yaseen Anwar held a series ...

April 25, 2013 10:55 AM

Aviation experts welcome Jet-Etihad deal

The Jet-Etihad deal under which Jet will sell 24 percent shares worth $379 billion to Abu Dhabi based Etihad Airlines has been welcomed by aviation experts. The Regional head of the Center for Asia Pacific Aviation, CAPA said that it is a game-changing opportunity for Etihad, and India. He said that...

April 25, 2013 10:47 AM

Rupee gains 14 paise to quote at 54.24 against dollar

The rupee appreciated by 14 paise to 54.24 against the US dollar in early trade at the Interbank Foreign Exchange today on increased selling of the American currency by exporters.Strengthening of the euro against the dollar in overseasmarket and a higher opening in the equity market supported the ru...

April 25, 2013 10:40 AM

India, UAE MoU on air services to enhance weekly seat capacity

India and UAE have signed a bilateral agreement to increase four times the number of weekly airline seats available between India and Abu Dhabi. The number of seats available per week between India and Abu Dhabi has almost been quadrupled from existing capacity of 13,300 to 50,000. An agreement to t...

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