MFN status for India soon as possible:Pak Foreign Ministry

Pakistan has said that it will grant Most Favoured Nation, MFN status to India as soon as possible. Foreign Ministry spokesman Moazzam Khan said yesterday that the government is working to complete the trade liberalisation process. Asked if Islamabad will meet its deadline for phasing out a negative...

Sensex declines 94 pts<br/>

The Sensex at the Bombay Stock Exchange declined 94 points, or 0.5 per cent, to close at 19,324, today, amid growth concerns, and the monthly expiry in the derivatives segment. The Nifty at the National Stock Exchange fell 36 points, or 0.6 percent, to 5,870But stock markets in Japan, Hong Kong, Sou...

US Prez cuts short x'mas holiday as deadline for deal to avoid fiscal cliff approaches

The US President Barack Obama is returning early from his Christmas holiday in Hawaii as the deadline to reach a deal to avoid, what is known as, the fiscal cliff approaches. Unless a compromise is found, tax increases and huge spending cuts come into force on 1 January, threatening to tip the US ba...

Sensex sheds initial gains; 30pts down at 19,388 in noon deals

The Sensex at the Bombay stock Exchange gained 87 points, or 0.4 per cent, to 19,504 in early trade, today, due to short-covering by market participants, following the monthly expiry in the derivatives segment. But later, the Sensex gave up all its initial gains, and stood 30 points, or 0.2 percent ...

Dubai economy rebounds; India continues to be largest trading partner

Sensex up 6pts; trading at 19,421pts

The BSE benchmark Sensex is trading up by 6 points to 19,421 points, when reports last came in. Earlier, Sensex gained 87 points in morning deals. The wide-based National Stock Exchange index Nifty is down 2 points to 5,902.

Rupee up eight paise in late morning trade at 54.76 against dollar

The rupee gained eight paise to 54.76 per dollar in late morning trade today on persistent selling of the American currency by banks and exporters amidst strong capital inflows into the equity market. The rupee resumed higher at 54.75 per dollar as against yesterday&apos;s closing level of 54.84...

Crude prices mixed in Asian trade on uncertainty over fiscal cliff deal<br/>

Crude prices were mixed in Asian trade today on continued uncertainty on whether a deal to avert the US fiscal cliff could be reached by the year-end deadline. New York&apos;s main contract, light sweet crude for delivery in February slid 10 cents to 90.88 dollar a barrel, while Brent North Sea ...

Rupee gains 11p to 54.73 against US dollar <br/>

The rupee today strengthened by 11 paise to 54.73 against the US dollar in early trade at the Interbank Foreign Exchange, aided by selling of the American currency by exporters and banks and strong capital inflows. Besides, a higher opening in the domestic equity market and continued capital inflows...

Sensex gains 87pts in early trade

The BSE benchmark Sensex gained 87 points in early trade today on the back of covering-up of short positions by participants following monthly expiry in the derivatives segment. The 30-share index moved up by 87 points to 19,504 with realty, healthcare, auto and metal sector stocks leading the rally...