Business

December 26, 2012 6:30 PM

Govt raises MSP of wheat; nod for exporting 25 lakh additional tonnes of wheat

The Cabinet Committee on Economic Affairs, CCEA on Wednesday approved exporting twenty five lakh tonnes of wheat. The CCEA also approved 12.5 percent disinvestment in Rashtriya Chemicals and Fertilisers Limited. Briefing the media in New Delhi this afternoon, Finance Minister P. Chidambaram said thi...

December 26, 2012 5:48 PM

Govt announces sops for exporters, extends 2% interest subsidy

The government on Wednesday announced additional incentives for exporters including extension of two per cent interest subsidy for one more year till March 2014. Commerce and Industry Minister Anand Sharma told reporters in New Delhi that the centre also decided to introduce a pilot scheme of two pe...

December 26, 2012 5:45 PM

Sensex jumps 162 pts

The Sensex at the Bombay Stock Exchange jumped 162 points, or 0.8 per cent, to close at 19,417, on Wednesday on renewed buying ahead of the monthly expiry in the derivatives segment, amid largely positive regional markets. The Nifty at the National Stock Exchange rose 50 points, or 0.9 percent, to 5...

December 26, 2012 1:40 PM

Sensex gains over 173pts in noon deals

Building on early gains, the sensex at the Bombay Stock Exchange had advanced a good 173 points, or 0.9 per cent, to 19,428 in afternoon deals, a short while ago. Earlier in the morning, the Sensex had opened with a more moderate gain of 66 points, or 0.3 per cent, at 19,321, on renewed buying by sp...

December 26, 2012 1:08 PM

Sensex firms up by 196pts to 19,451 in noon deals

Maintaing its initial gains, the Sensex at the Bombay Stock Exchange gained 196 points in afternoon deals on increased buying amid covering-up of short positions by speculators. The 30-share barometer which rose by 171 points in its previous session, firmed up by 196 to 19,451 when reports last came...

December 26, 2012 12:09 PM

Sensex surges by 171pts to 19,426 in late morning trade

The Sensex at the Bombay Stock Exchange surged by 171 points in late morning trade on increased buying amid covering-up of short positions by speculators ahead of tomorrow's monthly expiry. The 30-share barometer which gained 66 points in its opening session, firmed up by 171 points to 19,4...

December 26, 2012 11:59 AM

Rupee drops 8p to 55.03 against US dollar

The rupee dropped by eight paise to 55 rupees 3 paise against the American currency in late morning trade on month-end dollar demand from importers and banks. The rupee which resumed lower at 55 rupees 7 paise per dollar as against Monday's close of 54 rupees 95 paise per dollar, hovered in...

December 26, 2012 11:11 AM

Oil prices up in post-christmas trade

Oil prices were up in post-Christmas Asian trade today as traders warily eyed the soon-to-resume US budget talks on a deal to avert the fiscal cliff. New York's main contract, light sweet crude for delivery in February rose 46 cents to 89.07 dollar a barrel and Brent North Sea crude for Feb...

December 26, 2012 10:12 AM

Rupee declines marginally to quote at 55 against US dollar

The rupee declined by 6 paise to Rs 55.01 against the US dollar in early trade today at the Interbank Foreign Exchange market on strengthening of the American currency overseas.Forex dealers said besides dollar's gains against yen and other currencies in the overseas markets, approaching mo...

December 26, 2012 9:53 AM

Sensex rises over 66pts in early trade

The BSE benchmark Sensex today roseover 66 points in early trade. The 30-share barometer gained 66.32 points, or 0.34 per cent, to 19,321.41 with all the sectoral indices led by consumer durables rising up to one per cent.The index had closed 13.09 points up in the previous session on Monday. The wi...

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