Business

February 7, 2013 2:26 PM

TAPI Project:Cabinet nod to SPV; permission for Gail participation

The Union Cabinet today gave its approval for formation of the Special Purpose Vehicle (SPV) for the Turkmenistan-Afghanistan-Pakistan-India(TAPI) Pipeline Project and to permit GAIL India Ltd. to join the SPV. The four countries involved in the TAPI Gas pipeline project, signed an Inter-Governmenta...

February 7, 2013 2:00 PM

Rupee appreciates five paise to 53.11 against dollar <br/>

The Indian rupee continued to rule firm in the late morning session by improving five paise to 53 rupees 11 paise per US dollar on selling of dollars by banks in view of persistent foreign capital inflows.The rupee had resumed higher at 53 rupees 12 paise per dollar as against yesterday&apos;s c...

February 7, 2013 1:52 PM

Sensex drops 72 points in afternoon trade

The Sensex at the Bombay Stock Exchange declined 65 points, or 0.3 per cent, to 19,575 in opening trade, this morning, on sustained selling by funds, amid negative Asian bourses. Later, the Sensex remained weak, and stood 72 points, or 0.4 per cent in the red, at 19,568, in afternoon trade, a short ...

February 7, 2013 1:36 PM

NTPC auction sees good response;31cr bids in, so far

The auction of NTPC shares saw good response from investors in the initial hours of sale today with bids coming in for over 30.51 crore shares in the first three hours of trade.The government is offloading 78.32 crore shares or 9.5 per cent stake in the state-owned power major NTPC and has fixed a f...

February 7, 2013 1:15 PM

Oil prices up in Asia trade

Oil prices are up in Asian trade today. New York&apos;s main contract, light sweet crude for delivery in March gained 15 cents to 96.77 dollar a barrel and Brent North Sea crude for March delivery increased 19 cents to 116.92 dollar.

February 7, 2013 12:55 PM

Sensex falls by 66 points to 19,573 in afternoon trade

The BSE benchmark Sensex fell by 66 points to 19573 in afternoon trade today. Earlier, the 30 share barometer lost 65 points in opening session at 19,574 on sustained selling by funds amid a weakening trend on other Asian bourses. Similarly, the wide-based National Stock Exchange index Nifty decline...

February 7, 2013 12:29 PM

Rupee continues to rule firm;up five paise to 53.11 against dollar <br/>

The Indian rupee continued to rule firm in the late morning session by improving five paise to 53 rupees 11 paise per US dollar on selling of dollars by banks in view of persistent foreign capital inflows.The rupee had resumed higher at 53 rupees 12 paise per dollar as against yesterday&apos;s c...

February 7, 2013 12:26 PM

Sensex trading flat in late morning deals

The BSE benchmark Sensex was trading flat in late morning deals today at 19,635. Earlier, the 30 share barometer fell by 65 points in opening session at 19,574 on sustained selling by funds amid a weakening trend on other Asian bourses. Stocks of power, capital goods, metal, consumer durable and ban...

February 7, 2013 12:22 PM

NTPC share sale today; Floor price 145 rupees per share

Government has fixed the base price at Rs 145 per share for 9.5 per cent stake sale in National Thermal Power Corporation. The government proposes to sell 78.32 crore shares or 9.5 per cent stake in the country&apos;s largest power producer through offer for sale (OFS) route. The auction will ta...

February 7, 2013 11:11 AM

Oil rises in Asia trade

Oil prices rose on wednesday in Asian trade, supported by healthy economic indicators in the world&apos;s major economies. New York&apos;s main contract, light sweet crude for delivery in March was up two cents to 96.68 dollars a barrel in morning trade and Brent North Sea crude for March de...

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