Business

March 25, 2013 11:47 AM

Rupee gains 19 paise against dollar in late morning deals

The rupee trimmed its initial gains but was still up by 19 paise quoting 54 rupees 14 paise against the US dollar in late morning deals today due to fresh selling of dollars by banks and exporters. The Indian currency resumed higher at 54 rupees 11 paise per dollar as against the last weekend&ap...

March 25, 2013 11:25 AM

Oil prices up in Asian trade

Oil prices rose in Asian trade market today after Cyprus and its international creditors struck a 10-billion-euro bailout deal, averting a collapse of the country's banking system. New York's main contract, light sweet crude for delivery in May added 42 cents to 94.13 dollar a barr...

March 25, 2013 10:49 AM

Rupee gains 24 paise against dollar

The rupee appreciated by 24 paise to 54.09 against the US dollar in early trade at the Interbank Foreign Exchange today on sustained selling of the American currency by exporters and banks and increased capital inflows.The rupee had shed 5 paise to close at 54.33 in the previous session on Friday&am...

March 25, 2013 10:48 AM

Sensex up 148 pts in early trade

The BSE benchmark Sensex rebounded 148 points in early trade today on emergence of buying by funds at existing lower levels amid a firming Asian trend. Snapping its six-day long losing streak, the 30-sharebarometer recovered by 148 points, or 0.79 per cent, to18,883.60. The index had lost over 835 p...

March 25, 2013 10:47 AM

Strike by fishermen in TN affects export of prawns

In Tamil Nadu, the indefinite strike by Rameswaram and Nagapattinam fishermen protesting against continued attacks by Sri Lankan Navy has affected the export of prawns which has a huge market abroad. The indefinite strike has led to daily export loss of about 2 crore rupees. The ice plants, export h...

March 23, 2013 5:27 PM

India to be 2nd largest producer of steel in world by 2020

India will be the 2nd largest producer of steel in the world by 2020. Chairman of SAIL C.S.Verma said in Ranchi today that only China would be ahead of India.India is the 4th largest producer of steel at present which grew at the rate of 4.3 percent in the last year. The world steel production witne...

March 23, 2013 4:32 PM

Commercial production of Aishwarya oil field in Rajasthan starts

Commercial production of Aishwarya oil field at Barmer in Rajasthan has begun. About 25 thousand barrel crude oil and 50 thousand lakh cubic feet natural gas is expected to be released per day from these oil fields. The oil field was dedicated to the nation today by Petroleum Minister Veerappa Moily...

March 23, 2013 2:24 PM

Diesel costlier by 45 paise a litre

Oil companies have hiked the price of diesel by 45 paise a litre excluding VAT. The revised rate came into effect midnight last night.Diesel will now cost 48.67 rupees a litre in Delhi and 54.83 rupees per litre in Mumbai. It will cost 52.57 rupees a litre in Kolkata and 51.78 rupees per litre in Ch...

March 22, 2013 7:38 PM

SAIL: Offer For Sale subscribed 98%, indicative price at Rs 63.07 per share

The government has garnered over 1,500 crore rupees from the truncated divestment in the nation's largest steel producer SAIL today. The Offer For Sale received bids for 24.13 crore shares against 24.03 crore shares on offer. The indicative price, which is the weighted average price of all ...

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