Business

World Travel & Tourism Council Summit gets underway in Abu Dhabi

April 10, 2013 11:58 AM

World Travel & Tourism Council Summit gets underway in Abu Dhabi

The two-day long World Travel and Tourism Council,WTTC Global Summit got underway in UAE Capital Abu Dhabi on Tuesday with a call to Governments to to ease visa rules, issue of smarter visas and to reduce taxes on tourists to boost travel and tourism industry. In his keynote address, the President o...

Oil prices down in Asia ahead of US crude inventory report

April 10, 2013 11:58 AM

Oil prices down in Asia ahead of US crude inventory report

Oil prices were down in Asia today as caution set into the market ahead of a US crude inventory report. New York's main contract, light sweet crude for delivery in May dropped 24 cents to 93.96 US Dollars a barrel andBrent North Sea crude for May delivery shed 12 cents to 106.11 US Dollars ...

Rupee rises by 14 paise to 54.44 against dollar

April 10, 2013 11:03 AM

Rupee rises by 14 paise to 54.44 against dollar

The rupee today rose by 14 paise to 54.44 against the dollar at the Interbank Foreign Exchange market on selling of the US currency by exporters and banks. Forex dealers said a higher opening in the domestic equity market and strengthening of the euro and yen against the dollar overseas, supported t...

Sensex recovers by over 93 points in early trade

April 10, 2013 11:03 AM

Sensex recovers by over 93 points in early trade

The BSE benchmark Sensex recovered by over 93 points in early trade today on emergence of buying by funds and retail investors amid a firming trend in other Asian bourses.Snapping a five-day losing streak, the 30-share index rose by 93.40 points to 18,319.88 points, with all the sectoral indices, le...

Modalities being worked out for LPG rollout under DBT: Petro Min Moily

April 10, 2013 8:41 AM

Modalities being worked out for LPG rollout under DBT: Petro Min Moily

The government is working out modalities for the roll out of direct transfer of cash subsidy to cooking gas (LPG) consumers, After a meeting with Finance Minister P Chidambaram, Petroleum Minister M Veerappa Moily said in Delhi that the Finance Ministry is working out modalities of LPG subsidy roll ...

Sensex down 211 pts to close at 18,226

April 9, 2013 5:33 PM

Sensex down 211 pts to close at 18,226

Extending its losses for the fifth straight session, the Sensex at the Bombay Stock Exchange plunged 211 points, or 1.2 percent, to close at a seven-month low of 18,226, on all-round selling pressure, today. The Sensex has now declined more than 810 points in the last five trading sessions. The Nift...

ADB projects Nepal's GDP to slow down to 3.5% for 2013

April 9, 2013 4:32 PM

ADB projects Nepal's GDP to slow down to 3.5% for 2013

The Asian Development Bank (ADB) has projected Nepal's gross domestic product to slow down to 3.5 per cent for 2013. Releasing the Asian Development outlook in Kathmandu today , the report stated that due to a shortage of fertilizers, poor monsoon season, low investor confidence and the lac...

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