Business

December 13, 2012 12:26 PM

Oil price falls in Asia

Oil prices fell in Asia today after the Organisation of Petroleum Exporting Countries warned of an oversupply as uncertainty surrounds the outlook for the global economy. New York's main contract, light sweet crude for delivery in January fell 19 cents to 86.58 dollars a barrel and Brent No...

December 13, 2012 12:01 PM

Rupee surges 15 paise at 54.17 per dollar during noon

The rupee trimmed its earlier gains of 22 paise today but was still quoted up by 15 paise at 54.17 per dollar during noon. The rupee became strong on mild selling of the American currency from banks amid persistent foreign capital inflows in stock market.

December 13, 2012 11:06 AM

Rupee surges 22 paise against dollar

The rupee today rose by 22 paise to 54.10 against the dollar in early trade at the Interbank Foreign Exchange market on selling of US currency by exporters and banks.The rupee had lost six paise to close at 54.32 against the dollar in the previous session due to fresh demand for the American currenc...

December 13, 2012 10:06 AM

Sensex up 66 pts in early trade

The Sensex at the Bombay Stock Exchange recovered 66 points in early trade today on fresh buying by funds and retailers, amid a firming trend on the other Asian bourses. The 30-share barometer, which had lost nearly 132 points in the past four sessions, rose by 0.34 per cent, to 19,422, led by gains...

December 13, 2012 8:20 AM

Dubai customs releases figures of Dubai's non oil trade over past 10 months

Dubai customs has released the figures of Dubai's non oil trade over the past 10 months this year. India has once again emerged as the top trading partner of Dubai with the bilateral trade worth 34 billion dollars. China comes next with 25 billion dollars followed by Switzerland at 20 billi...

December 12, 2012 7:34 PM

Rupee down by 6 paise amid fresh dollar demand<br/>

The rupee fell back by 6 paise to end at 54.32 amid fresh dollar demand from importers ahead of the conclusion of US Fed&apos;s two-day meeting where it is widely expected to expand economic stimulus programme.At the Interbank Foreign Exchange (Forex) market, the domestic unit resumed slightly l...

December 12, 2012 6:58 PM

Sri Lanka's central bank cuts repo, reverse repo rates by 25 basis points

Sri Lanka&apos;s central bank has reduced the repo and reverse repo rates by 25 basis points each to 7.5 and 9.5 percent respectively.In a surprise move on Wednesday, the bank lowered the rates to help economy fight a slowdown.The GDP growth has fallen from a high of 8.3% last year to 6.8% this ...

December 12, 2012 5:22 PM

Sensex ends 32 points down

Falling for the fourth straight day, the Sensex at the Bombay Stock Exchange declined 32 points, or 0.2 per cent, to close at 19,355, on Wednesday.The Sensex fell after a sharp rebound in industrial growth, and a rise in retail inflation dimmed hopes of an interest rate cut by the Reserve Bank in it...

December 12, 2012 5:04 PM

Sensex ends 32 points down

Registering losses for the fourth straight day, the BSE benchmark Sensex on Wednesday closed 32 points lower as a sharp rebound in industrial growth during October and retail-level inflation inching up to 9.9 per cent in November, dimmed interest rate cut hopes.The Sensex, which had lost nearly 100 ...

December 12, 2012 5:03 PM

NMDC's offer for selling 39.65 crore shares over-subscribed

Iron ore miner National Mineral Development Corporation , NMDC&apos;s offer for selling 39.65 crore shares was over-subscribed on Wednesday, following hectic trading towards the end of the day, ensuring at least Rs 5,900 crore for the exchequer.Against the offer for sale of 39,64,71,600 shares, ...

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