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Sensex gains over 150 points in afternoon trade

April 18, 2013 2:03 PM

Sensex gains over 150 points in afternoon trade

The Sensex at the Bombay Stock Exchange rose 74 points, or 0.4 percent, to 18,806 in opening trade, this morning, on fresh buying by funds, after the country's largest software exporter, TCS posted encouraging fourth-quarter results. Later, the Sensex extended its initial gains, to stand 15...

Indian downturn a temporary phenomenon: Chidambaram in NY

April 18, 2013 1:20 PM

Indian downturn a temporary phenomenon: Chidambaram in NY

Finance Minister P Chidambaram has said the downturn in Indian economy was temporary and growth will return to 8 per cent in two years. He asserted that India can absorb 50 billion US Dollars foreign investment annually.Acknowledging the largeness of the current account deficit (CAD) at around 5 per...

Slow Chinese growth weighs down oil prices

April 18, 2013 11:13 AM

Slow Chinese growth weighs down oil prices

Slowing Chinese growth and concerns over weaker global energy demand weighed down oil prices today, with Brent crude falling back below 100 dollar a barrel. New York's main contract, light sweet crude for delivery in May dropped 83 cents to 85.85 dollar a barrel and Brent North Sea crude fo...

Rupee gains 15 paise to 54.06 against dollar

April 18, 2013 11:09 AM

Rupee gains 15 paise to 54.06 against dollar

The rupee today rose by 15 paise to 54 rupees 6 paise against the dollar in early trade. This follows weakening of the US currency against euro overseas amid a higher opening in the domestic equity market.The rupee had closed 7 paise down at 54.21 against the dollar in the previous session on weakne...

Sensex rises by 74 points on back of recovery led by IT stocks

April 18, 2013 11:08 AM

Sensex rises by 74 points on back of recovery led by IT stocks

The BSE benchmark Sensex today rose by 74 points in early trade on emergence of selective buying by funds, after country's largest software exporter TCS posted encouraging fourth quarter results. The 30-share barometer gained by 74 points to 18,806 with IT, oil and gas, healthcare, capital ...

BSE rises by 74 points on back of recovery led by IT stocks

April 18, 2013 10:14 AM

BSE rises by 74 points on back of recovery led by IT stocks

The BSE benchmark Sensex today rose by 74 points in early trade on emergence of selective buying by funds, after country's largest software exporter TCS posted encouraging fourth quarter results. The 30-share barometer gained by 74 points to 18,806 with IT, oil and gas, healthcare, capital ...

Good news for Nitaqat-hit; Indian & Saudi cos offer placements for workers

April 18, 2013 8:56 AM

Good news for Nitaqat-hit; Indian & Saudi cos offer placements for workers

There is good news for Indian workers in Saudi Arabia who have been affected by the Nitaqat Programme. Leading Indian companies in Saudi Arabia have offered placement to Indian workers affected by the Nitaqat programme. Indian Embassy in Riyadh has issued a statement saying that the Telecommunicatio...

Annual supplement to Foreign Trade Policy to be announced today

April 18, 2013 8:27 AM

Annual supplement to Foreign Trade Policy to be announced today

Commerce Minister Ananad Sharma will announce today the annual supplement to the Foreign Trade Policy, which is likely to include a much awaited incentive package for exporters. Sops including cash benefits for exporting specific products and targeting chosen markets and discount on interest rates a...

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