Business

January 30, 2013 5:19 PM

Govt to disinvest 10 per cent of equity in Oil India Ltd<br/>

The government has decided to disinvest 10 per cent of equity in Oil India Limited, OIL, through offer for sale route.The decision was taken at a meeting of the Empowered Group of Ministers, EGoM, headed by Finance Minister P Chidambaram in New Delhi Wednesday afternoon.The disinvestment which will ...

January 30, 2013 1:59 PM

Sensex up 12 pts in noon trade

The Sensex at the Bombay Stock Exchange rose 72 points, or 0.4 per cent, to 20,063 in early trade, today, on fresh buying by funds and retail investors, amid firm Asian bourses. But later, the Sensex turned volatile, and stood just 12 points, or 0.1 percent in positive territory, at 20,002, in after...

January 30, 2013 12:48 PM

Oil prices mixed in Asian trade

Oil prices were mixed in Asian trade today. New York&apos;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 12:10 PM

Sensex down over 13 pts in noon trade

The Sensex which recovered by over 72 points in early trade today lost its initial gain and was trading 13 points down at 19, 990 a short while ago.Similarly, the wide-based National Stock Exchange index Nifty is trading flat at 6051.Besides, a firming trend in the Asian region following overnight g...

January 30, 2013 11:16 AM

Rupee up by 28 paise against dollar in early trade

The rupee today strengthened by 28 paise to 53 rupees 49 paise against the US dollar in early trade after the Reserve Bank cut lending rate and Cash Reserve Ratio, CRR by 0.25 per cent each yesterday to perk up economic growth.The rupee had gained 14 paise to close at 53 rupees 77 paise against the ...

January 30, 2013 11:16 AM

Sensex gains over 72 pts in early trade

The Sensex at the Bombay Stock Exchange recovered by over 72 points in early trade today on emergence of buying by funds and retailers amid a firming Asian trend. The 30-share barometer gained 72.48 points to 20,063. The index had lost almost 113 points in the previous two sessions. All sectoral ind...

January 29, 2013 2:04 PM

Sensex down 71 pts in noon trade

The Sensex at the Bombay Stock Exchange fell 31 points, or 0.2 per cent, to 20,072 in early trade, this morning, on investor caution ahead of the Reserve Bank&apos;s monetary policy review. Later, after the RBI cut the repo rate and the CRR, the Sensex gained ground for some time, before relinqu...

January 29, 2013 12:33 PM

Sensex up 60 pts in noon trade

The BSE benchmark Sensex fell by nearly 31 points in early trade today but covered the initial losses and was trading 60 points up during the noon. The 30-share barometer gains 60 points or 0.30 per cent, to trade at 20,163.Similarly, the wide-based National Stock Exchange index Nifty which declined...

January 29, 2013 11:58 AM

Oil prices up in Asian trade today

Oil prices were up in Asian trade today, on upbeat US durable goods data and geopolitical concerns in Egypt and Algeria. New York&apos;s main contract, light sweet crude for delivery in March gained 20 cents to 96.64 dollar a barrel and Brent North Sea crude also for March rose 12 cents to 113.6...

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