Sensex flat in afternoon trade

Surrendering almost all of its initial gains, the Sensex at the Bombay Stock Exchange stood just 7 points in the green, at 19,431 in afternoon deals, a short while ago. Earlier in the morning, the Sensex had opened with a moderate gain of 45 points, or 0.2 per cent, at 19,469 on mild buying interest...

Oil prices gains in Asia today

Oil prices gained in Asia today as traders welcomed data indicating a continued economic pick-up in China, the world's largest energy consumer. New York's main contract, light sweet crude for delivery in January climbed 29 cents to 86.22 dollars a barrel and Brent North Sea crude f...

Sensex slips 32 points in noon trade

The BSE benchmark Sensex slipped further in noon trade, losing 32 points and stood at 19,392.Similarly the broad based Nifty was also in the red, down 9 points and was quoting at 5,899 when reports last came in.Earlier, the BSE benchmark Sensex recovered 45 points in the opening trade on fresh buyin...

RBI: headline inflation well above its target of 5%

RBI deputy governor, Subir Gokaran said in Mumbai on Sunday that headline inflation still remains well above the RBI's target of 5%. Although in order to curb inflation, the RBI has announced 13 consecutive rate hikes since March 2010, inflation still remains well above the RBI's c...

Rupee up by 20 paise to 54.27 against dollar

The rupee today rose by 20 paise to 54.27 against the US dollar in early trade at the Interbank Foreign Exchange, Forex market on selling of the American currency by exporters and banks. Forex dealers said, besides dollar selling by exporters, a higher opening in the domestic equity market also supp...

Sensex up by 45 points in opening trade

The BSE benchmark Sensex recovered 45 points in the opening trade on fresh buying by funds and retailers driven by a firming trend in the Asian markets.The 30-share barometer, which had shed 63 points in the previous session on Friday, rose by 45 points to 19,469 led by gains in stocks of consumer d...

Union Bank of India opens its 180th branch in New Delhi

Seed industry expected to grow by 53 per cent by 2015

The country's seed industry is expected to grow by 53 per cent to 10,700 crore rupees by 2015 on increased demand for high-yielding varieties to ensure food security. According to industry body Assocham, awareness about high-yielding varieties among farmers and public private partnership wi...

ADB report: Lagging Asian economies should pick up steam in coming yr

A new report from the Asian Development Bank says lagging Asian economies should pick up steam in the coming year. The latest Asian Development Outlook Supplement predicts that developing Asia will post a growth of 6 percent in 2012 and 6.6 percent in 2013, about a tenth of a percentage point lower ...

Union Bank of India opens its 180th branch