PetroChina to buy BHP's stake in Browse LNG<br/>

PetroChina has agreed a deal to buy BHP Billiton&apos;s stake in the Browse liquefied natural gas (LNG) project in Western Australia. China&apos;s biggest oil and gas producer will pay $1.63 billion for the stake.Chinese firms have been keen to acquire oil and gas assets in an attempt to mee...

Govt resets Inter-State Council under chairmanship of PM<br/>

The government has reconstituted the Inter-State Council under the chairmanship of Prime Minister, Dr. Manmohan Singh.The Council will have Chief Minister of all states and Union Territories having a Legislative Assembly and Administration of Union Territories not having Legislative Assembly.It will...

Finance Minister P Chidambaram has said he is encouraged by the indications of the green shoots in economy in terms of production.Speaking to reporters, Mr Chidambaram said Index of Industrial Production (IIP) figures are very encouraging.So far this fiscal, Mr Chidambaram said, IIP had shown positi...

Rupee steady against US dollar

Rupee today surrendered its initial gains and ruled steady at 54 rupees 26 paise against the American currency in the late morning trade. The fall was led by mild dollar demand from banks despite weakness of dollar in overseas market. The rupee resumed lower at 54 rupees 29 paise per dollar as again...

Sensex gains 31 pts in noon trade

The Sensex at the Bombay Stock Exchange gained 92 points, or 0.5 per cent, to 19,479 in opening trade, this morning, on fresh buying by funds and retail investors, ahead of industrial output data, and amid firm regional bourses. Later, after trimming some of its initial gains, the Sensex stood 31 po...

Rupee up 54 rupees 26 paise against dollar

Rupee today surrendered its initial gains and ruled steady at 54 rupees 26 paise against the American currency in the late morning trade. The fall was led by mild dollar demand from banks despite weakness of dollar in overseas market. The rupee resumed lower at 54 rupees 29 paise per dollar as again...

Inflation surges 9.90% in Nov

Rising for the second consecutive month, retail inflation has surged 9.90 per cent in November. This has been driven mainly by rising prices of food items such as sugar, vegetables, edible oil and clothing.The retail inflation was 9.75 per cent in October and 9.73 per cent in September.The highest p...

Sensex down 19 pts in noon trade

The volatile Sensex at the Bombay stock Exchange was trading 19 points in red in late morning trade. Earlier, the 30-share index, which gained 92 points in early trade, was down by 19 points at 19368 when reports last came in.Similarly, the wide-based National Stock Exchange index Nifty moved down b...

Industrial production growth rate bounces back to 16-month high of 8.2% in Oct

Industrial production growth rate bounced back to a 16-month high of 8.2 per cent in October on good performance of the manufacturing, power sector and higher output of capital as well as consumer goods, indicating sudden recovery in the economy.The factory output, as measured by the Index of Indust...

Rupee up 4 paise against dollar

Rupee marginally up by 4 paise to 54.22 against the US dollar in early trade at the Interbank Foreign Exchange on increased capital inflows, amid weakening of the American currency against the euro overseas.Forex dealers said besides dollar weakening against the euro in overseas markets, higher open...