Business

March 21, 2013 6:58 PM

Cyprus drop unpopular levy on bank deposits in new bailout plan

Political leaders in Cyprus have dropped an unpopular levy on bank deposits in a new bailout plan. There was outrage over an earlier plan to tax all bank deposits. Cyprus' banks, which have been shut all week to prevent mass withdrawals, are to stay closed until next Tuesday. Cyprus is requ...

March 21, 2013 5:24 PM

Sensex down 91 pts to close 18,793<br/>

Falling for the fifth straight session, the Sensex at the Bombay Stock Exchange declined 91 points, or 0.5 percent, to close at a nearly four-month low of 18,793, on fag-end selling, amid falling European markets, today. The Sensex has now lost nearly 780 points in the last five trading sessions. Th...

March 21, 2013 2:36 PM

Rail network to connect Afghanistan, Turkmenistan & Tajikistan

Afghanistan, Turkmenistan and Tajikistan has signed a agreement for connecting the three countries with railway network. A memoandum of understaqnding for this was signed at a trilateral summit held inAshgabat among the Presidents of the three countries yesterday. Apress release issued by the Afghan...

March 21, 2013 2:33 PM

US Senate passes Budget Bill to avert govt shutdown

The US Senate has passed a budget bill to fund the US government until the end of September, a step toward averting a government shutdown later this month. The measure, approved in a bipartisan 73-26 vote, has been sent back to the House for a vote expected today. It retains 85 billion dollars in sp...

March 21, 2013 2:07 PM

Sensex climbs 143 points to regain 19K level

The Sensex at the Bombay Stock Exchange rose 103 points, or 0.5 per cent, to 18,987 in opening trade, this morning, on fresh buying at lower levels, amid rising regional markets. Later, the Sensex gained further ground, climbing 143 points, or 0.8 percent, to regain the 19,000 level, at 19,027 in af...

March 21, 2013 1:53 PM

Indian cos to invest upto $400mn in Egypt:Investment Minister Saleh

The Egyptian Ministry of Investment has said that Indian companies have expressed willingness to invest up to $400 million towards projects in power-generation, plastic, and real estate in Egypt. A statement issued by the ministry after the visit of President Mursi to India said that Egypt looks for...

March 21, 2013 1:11 PM

Kerala HC restrains Oil cos from charging higher rates for diesel to KSRTC

The Kerala High Court today restrained oil companies from charging higher rates for diesel supplied to the Kerala State Road Transport Corporation and directed them to supply diesel at subsidized rates.The Court passed an interim order in this regard on a petition filed by KSRTC.In its petition, KSR...

March 21, 2013 12:11 PM

Sensex keeps upward trend;gains 145 points in noon trade

The BSE benchmark index Sensex todaykept its upward trend and was up by 145 points during noon trading. Earlier in the morning, Sensex rose over 103 points following emergence of buying atprevailing levels amid a firming trend overseas.The 30-share index, gain 42 more points and was up by 145 points...

March 21, 2013 11:06 AM

Oil prices mixed in Asia today

Oil prices were mixed in Asian trade today as data showing Chinese manufacturing picking upstrongly in March was offset by profit taking.New York&apos;s main contract, light sweet crude for delivery in May, dropped 18 cents to USD 93.32 a barrel while Brent North Sea crude for May delivery was u...

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