Business

December 12, 2012 10:10 AM

Sensex gains nearly 92 pts in early trade

The BSE benchmark Sensex today gained by nearly 92 points in early trade on fresh buying by funds and retailers ahead of industrial output data amid a firming trend in other Asian bourses.The 30-share barometer rose by 91.65 points, to 19,478.79. It had lost nearly 100 points in the past three sessi...

December 11, 2012 7:39 PM

HSBC to pay $1.9 bn to settle money-laundering case with U.S

The British banking giant HSBC has agreed to pay 1.9 billion dollars to settle a money-laundering case with U.S. authorities. The probe on the case focused on the transfer of billions of dollars through the U.S. financial system on behalf of Mexican drug traffickers and rogue states such as Iran. HS...

December 11, 2012 7:35 PM

Reforms improves India's growth prospects in 2013: Moody

A flurry of reforms have improved India's growth prospects in 2013, global rating agency, Moody's said today. Moody's said in a report, that growth prospects have improved with a new finance minister, and a flurry of pro-business reforms designed to lift the economy. It sa...

December 11, 2012 5:02 PM

Sensex down 23 pts to close at 19,387

Extending its losses for the third straight day, the Sensex at the Bombay Stock Exchange declined a modest 23 points, or 0.1 per cent, to close at 19,387, on mild profit-booking, today. The Nifty at the National Stock Exchange fell 10 points, or 0.2 percent, to 5,899.Stock markets in Japan, China, H...

December 11, 2012 5:00 PM

India's exports decline due to slowdown in demand in western markets

India's exports declined by 4.17 per cent to 22.2 billion US Dollars in November, due to slowdown in demand in the US and European markets.Exports in November, 2011 stood at 23.2 billionUS Dollars.However imports grew by 6.35 per cent to 41.5 billion US Dollars in November, leaving a trade ...

December 11, 2012 2:05 PM

India exports decline due to slowdown in demand in western markets

India's exports declined by 4.17 per cent to 22.2 billion US Dollars in November, due to slowdown in demand in the US and European markets.Exports in November, 2011 stood at 23.2 billionUS Dollars.However imports grew by 6.35 per cent to 41.5 billion US Dollars in November, leaving a trade ...

December 11, 2012 2:03 PM

Sensex gains 49 points in afternoon trade

Paring its intial gains, the Sensex at the Bombay Stock Exchange stood 49 points, or 0.3 percent in the green, at 19,459 in afternoon deals, a short while ago. Earlier in the morning, however, the Sensex had opened with a much more robust gain of 194 points, or 1 per cent, at 19,604, on fresh buying...

December 11, 2012 1:47 PM

Direct Tax collections register 7% increase

Gross direct tax collections have registered over seven percent increase during the first eight months of this financial year. The collections stood at 3,25,696 crore rupees as against 3,04,002 crore rupees in the same period last year. An official release said, net direct tax collections was also u...

December 11, 2012 1:46 PM

India exports decline due to slowdown in demand from US & European markets

India's exports declined by 4.17 per cent to 22.2 billion US Dollars in November, due to slowdown in demand in the US and European markets.Exports in November, 2011 stood at 23.2 billionUS Dollars.However imports grew by 6.35 per cent to 41.5 billion US Dollars in November, leaving a trade ...

December 11, 2012 1:02 PM

Sensex gains 77pts; stands at 19,749 in noon trade

The BSE benchmark Sensex gained 77 points to 19,749 in afternoon trade. Earlier Sensex had recovered by over 194 points to 19,604 in opening trade on fresh buying by funds and retailers on expectations of a rate cut by the Reserve Bank in its monetary policy review next week.Similarly, the wide-base...

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