Business

February 21, 2013 2:27 PM

IMF approves USD 278.8mn aid to Bangladesh

The International Monetary Fund has approved a financial aid of USD 278.8 million to Bangladesh. The IMF Executive Board in its meeting yesterday also approved the country's request for a waiver for non-observance of the performance criterion on new non-concessional external debt maturing i...

February 21, 2013 2:15 PM

Highest rice procurement by govt agencies from Punjab:Food Ministry

Government agencies have procured more than 262 lakh tonnes of rice till date during the ongoing Kharif Marketing season. Rice procured during the corresponding period of the previous season was more than 251 lakh tonne.A release by the Ministry of Consumers Affairs, Food and Public Distribution sai...

February 21, 2013 2:15 PM

Cabinet to take view on Vodafone tax case next week:Fin Min

Finance Minister P Chidambaram today said the Cabinet is likely to take a view on the 11,200-crore rupees Vodafone tax case next week. Speaking to reporters in New Delhi, Mr Chidambaram said as far as Vodafone is concerned, they had written to the government proposing conciliation. Mr Chidambaram sa...

February 21, 2013 1:01 PM

Sensex continues decline;falls by over 200 points in afternoon trade

The BSE benchmark Sensex continues to decline further 205 points to 19,437. The 30-share index had declined by over 140 points in early trade today, fell back with metal, consumer durable, realty, power and auto sector stocks coming under pressure.In a similar fashion, the wide-based National StockE...

February 21, 2013 12:06 PM

Sensex dips further by 175 points in late morning deals

The BSE benchmark Sensex has declined futher 175 points to 19,466. The 30-share index had declined by over 140 points in early trade today, fell back with metal, consumer durable, realty, power and auto sector stocks coming under pressure.In a similar fashion, the wide-based National StockExchange i...

February 21, 2013 10:32 AM

Oil prices down in Asia trade

Oil prices were down in Asia today as the dollar strengthened and amid market speculation that Saudi Arabian crude production could increase in the coming months. New York's main contract, light sweet crude for delivery in April, shed 57 cents to 94.65 dollars a barrel and Brent North Sea c...

February 21, 2013 10:28 AM

Rupee depreciates by 25 paise to 54.32 against dollar

The rupee today depreciated by 25 paise to 54.32 against the dollar in early trade on the Interbank Foreign Exchange due to renewed demand for the US currency, amid weak equities.Forex dealers said dollar's gain against other currencies overseas also weighed on the rupee sentiment.The local...

February 21, 2013 10:27 AM

Sensex declines by over 140 points in early trade

The BSE benchmark Sensex declined by over 140 points in early trade today.The 30-share index, which had gained 174.60 points in the previous three sessions, fell back by 140.52 points, or 0.71 per cent, to 19,502.23, with metal, consumer durable, realty,power and auto sector stocks coming under pres...

February 21, 2013 9:03 AM

Sensex up seven pts to close at 19,643

Rising for the third straight session, the Sensex at the Bombay Stock Exchange gained a marginal 7 points, to close at 19,643, amid positive Asian markets, on wednesday. The Sensex had gained over 167 points in the previous two trading sessions. The Nifty at the National Stock Exchange rose 3 points...

February 21, 2013 8:46 AM

Sydney meet to mine moon

Space experts, academics and mining companies are meeting in the Australian city of Sydney to discuss the possibility of extracting minerals and precious metals from asteroids and planets. Some scientists argue that despite the huge expense and technical difficulties involved, remote-controlled mini...

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