Business

December 18, 2012 12:08 PM

Rupee trims initial gains against dollar; still trading 9p up at 54.76

The rupee trimmed its initial gains against the American currency but was still quoted up by 9 paise to 54 rupees 76 paise per dollar in the late morning trade on mild selling of dollars by banks and exporters ahead of the Reserve Bank's mid-quarter monetary policy review meeting. Earlier t...

December 18, 2012 12:06 PM

Sensex moves up 7pts to 19,251 in late morning trade

The volatile Sensex at the Bombay Stock Exchange moved up by 7 points in the late morning trade today. The 30-share barometer, which gained 74 points in its opening trade, rose by 7 points to 19,251 a short while ago.In contrast, the wide-based National Stock Exchange index Nifty was down by 1 point...

December 18, 2012 11:57 AM

Oil prices rise in Asia on hopes of US fiscal cliff being averted

Oil prices rose in Asia today, with hopes rising of a US deal to avert the fiscal cliff after a meeting between President Barack Obama and top Republican lawmaker John Boehner. New York's main contract, light sweet crude for delivery in January rose 37 cents to 87.58 dollars a barrel and Br...

December 18, 2012 11:31 AM

Rupee gains 13p against dollar in early trade

The rupee today gained 13 paise to 54 rupees 72 paise against the dollar in early trade, snapping a four-day losing streak, on selling of the US currency by exporters and banks ahead of the Reserve Bank's mid-quarter monetary policy review meeting. The rupee had lost 37 paise to close at a ...

December 18, 2012 11:24 AM

Oil prices rise in Asia on hopes of US fiscal cliff'being averted

Oil prices rose in Asia today, with hopes rising of a US deal to avert the fiscal cliff after a meeting between President Barack Obama and top Republican lawmaker John Boehner. New York's main contract, light sweet crude for delivery in January rose 37 cents to 87.58 dollars a barrel and Br...

December 18, 2012 10:34 AM

Oil prices up in Asia

Oil was up in Asia on Monday on trader expectations of a hike in Chinese crude demand after a key survey showed its manufacturing activity hitting a 14-month high in December. New York's main contract, light sweet crude for delivery in January rose 23 cents to 86.98 dollars a barrel and Bre...

December 18, 2012 9:52 AM

Sensex rises over 74pts in early trade

The BSE benchmark Sensex today roseover 74 points in early trade.The 30-share barometer, which had lost 72.83 points yesterday, recovered by 74.18 points, or 0.39 per cent, to 19,318.60, with all sectoral indices rising up to 0.67 per cent.Similarly, the wide-based National Stock Exchange index Nift...

December 17, 2012 7:41 PM

Sensex drops by 73 points

The Sensex at the Bombay Stock Exchange dropped 73 points, or 0.4 per cent, to close at 19,244, today, on profit-booking triggered by a lower growth projection for the current fiscal, and amid weak European bourses. The Nifty at the National Stock Exchange fell 22 points, or 0.4 percent, to 5,858.St...

December 17, 2012 2:38 PM

Sensex loses over 40 pts

The Sensex at the Bombay Stock Exchange declined 33 points, or 0.2 per cent, to 19,284 in early trade, today, as investors booked profits ahead of the Reserve Bank's mid-quarter monetary policy review, tomorrow. Later, the Sensex remained weak, and stood 49 points, or 0.3 per cent in the re...

December 17, 2012 2:27 PM

Centre starts consultation with RBI to deal chit fund menace

The Centre has started consultation with Reserve Bank of India to deal with the problems of illegal chit fund. Addressing a function in Kolkata on Sunday, Corporate Affairs Minister Sachin Pilot said that the Centre is drafting suitable measure in consultation with RBI to protect small investors fro...

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