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February 26, 2013 2:49 PM
President Barack Obama has urged US Governors to prod Congress to strike a budget deal averting a raft of deep budget cuts set to hit on Friday. He warned the 85 billion dollars cuts would put thousands of teachers out of work and bring economic uncertainty. The President has called on Congress to p...
February 26, 2013 2:46 PM
India-born former Goldman Sachs Director, Rajat Gupta has been ordered to pay 6.2 million US Dollars for legal expenses incurred by his former employer during his trial in insider trading case. Gupta, who is currently on bail, was told to pay the amount for legal fees to Goldman Sachs by Federal Jud...
February 26, 2013 2:25 PM
Finance Minister P. Chidambaram has hailed the Rail budget as remarkable and commendable. Talking to media outside Parliament, he termed it as a forward looking budget and commended the Railways Minister Mr. Pawan Kumar Bansal for having done a good job.Slamming the Opposition for noisy scenes durin...
February 26, 2013 2:08 PM
The Sensex at the Bombay Stock Exchange fell 75 points, or 0.4 per cent, to 19,256 in early trade, today, as funds and retail investors booked profits, amid weak Asian bourses. Later, selling pressure intensified, and the Sensex had lost 211 points, or 1.1 per cent, to stand at 19,120, in afternoon ...
February 26, 2013 12:54 PM
The BSE Sensex fell by 144 points to 19187 in afternoon trade amid weak global cues. Earlier, the Sensex resumed lower at 19,290 and dropped further to 19,186 in late morning deals, showing a loss of over 109 points from its last close.The Nifty also moved down by 45 points to 5,809.
February 26, 2013 11:55 AM
The BSE Sensex dropped by 134 points to 19197 in the late morning trade due to selling pressure ahead of the railway budget amid weak global cues. Earlier, the Sensex resumed lower at 19,290 and dropped further to 19,186, showing a loss of 109.53 points from its last close.The Nifty also moved down ...
February 26, 2013 11:45 AM
Oil prices were down in Asia today after inconclusive Italian national elections threatening instability in the country and disrupting the eurozone's recovery. New York's main contract, light sweet crude for delivery in April dropped 63 cents to 92.48 dollars a barrel and Brent Nor...
February 26, 2013 10:38 AM
The rupee fell by 19 paise to 54.05 in early trade today at the Interbank Foreign Exchange, due to dollar demand from importers. The rupee had gained 31 paise to close at over one-week high of 53.86 in yesterday's trade on sustained dollar selling by exporters.
February 26, 2013 10:36 AM
The BSE Sensex fell over 75 points in early trade today, as funds and retail investors booked profits ahead of the railway budget amid a weak Asian trend. The 30-share index fell to around 19,256, with auto, metal and oil and gas sector stocks coming under pressure.Similarly, the wide-based National...
February 26, 2013 9:26 AM
State owned company Bharat Heavy Electricals Limited, BHEL has entered into a Memorandum of Understanding with Indian Railways for setting up Main Line Electrical Multiple Units, MEMU coach manufacturing facility for Railways. The proposed facility for production of MEMU coaches will be set up by BH...
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