Business

January 31, 2013 12:30 PM

Rupee up by 9 paise

The rupee was up nine paise to 53.21 per dollar on mild selling of dollars from banks and exporters. The rupee resumed higher at 53.26 per dollar as against the last closing level of 53.30 per dollar at the Interbank Foreign Exchange market and firmed up further to 53.07per dollar on sustained capit...

January 31, 2013 12:25 PM

Sensex, Nifty down in early trade

The fall of Sensex at the Bombay Stock Exchange continues for second session today during noon trading. The 30-share index which fell 23 points in early trade today, losses more points and was down by 54 points or 0.27 percent and was trading at 19,950 during noon trading.Similarly, the Nifty at the...

January 31, 2013 11:10 AM

Oil prices up in Asian trade today

Oil prices rose in Asian trade today . New York's main contract, light sweet crude for delivery in March, increased four cents to 97.98 dollar a barrel and Brent North Sea crude for March delivery gained 16 cents to 115.06 dollar.

January 31, 2013 10:24 AM

Rupee at fresh three-month high of 53.07 against US dollar

The rupee today appreciated by 23 paise to trade at fresh three-month high of 53.07 against the US dollar in early trade at the Interbank Foreign Exchange .This happened due to sustained selling of the American currency by exporters and banks and increased capital inflows.Besides, strengthening of e...

January 31, 2013 10:18 AM

Sensex, Nifty down in early trade

The Sensex at the Bombay Stock Exchange fell 23 points in early trade today, ahead of current month expiry in the derivatives segment, amid a weak Asian trend. The 30-share index had gained 14 points in the previous session.The Nifty at the National Stock Exchange was down 4 points, or 0.07 per cent...

January 31, 2013 10:10 AM

Fin Min hopeful of achieving 20 to 60 % savings on subsidies a year through DBT

Finance minister P Chidambaram has said he is hopeful of achieving 20 to 60 per cent savings on subsidies a year, through better distribution under the new direct benefit transfer (DBT) scheme. He said this in an interaction with investors at a conference in London on Wednesday. The Finance Minister...

January 30, 2013 9:10 PM

Oil prices mixed in Asian trade

Oil prices were mixed in Asian trade today. New York's main contract, light sweet crude for delivery in March, dropped two cents to 97.55 dollar a barrel in the afternoon, while Brent North Sea crude for March delivery gained six cents to 114.42 dollar.

January 30, 2013 9:04 PM

SBI cuts base rate by a marginal 0.05 per cent to 9.70 per cent.

Country's largest lender State Bank of India (SBI) today cut lending rate by 0.05 per cent, a day after the Reserve Bank cut its key policy rates.After this marginal reduction, SBI's base rate, or the minimum rate of lending, will come down to 9.70 per cent from 9.75 per cent effec...

January 30, 2013 7:03 PM

Govt looking at more steps to curb gold import: Chidambaram

India is looking at some other steps to curb gold import which has led to widening of the Current Account Deficit (CAD).Finance Minister P Chidambaram has said, to check imports, the government last week hiked duty on gold to 6 per cent from 4 per cent.It also linked gold Exchange Traded Fund, ETF, ...

January 30, 2013 6:31 PM

Sensex regains 20000 level

The Sensex at the Bombay Stock Exchange gained 14 points, or 0.1 percent, to close at 20,005 on Wednesday, ahead of the monthly expiry in the derivatives segment.The Nifty at the National Stock Exchange rose 6 points, or 0.1 percent, to 6,056.Stock markets in Japan, China, Hong Kong, South Korea and...

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