Business

December 7, 2012 11:45 AM

Sensex gains 75pts in early trade; quoting at 19,562

The BSE benchmark Sensex gained 75points in early trade today. The 30-share barometer, which had gained nearly 182 pointsin the previous three session, added another by 75.07 points, or 0.38 per cent, to 19,561.87.All the sectoral indices, led by Auto, metal, consumer durable, capital goods, realty,...

December 7, 2012 10:17 AM

Oz court fines SA & Cathay Pacific for price fixing

In Australia, the Federal Court has ordered Cathay Pacific Airways and Singapore Airlines Cargo to pay 23 million dollars in fines for engaging in price fixing. The conduct included an attempt by Singapore Airlines Cargo to fix rates for meat exports going to US and Australian troops stationed in th...

December 7, 2012 9:43 AM

Cabinet defers decision on setting up Investment Board

The Cabinet has deferred its decision on setting up the National Investment Board. Official sources said this after the Cabinet meeting last evening. The high level body is proposed to be set up to expedite clearance of infrastructure projects involving investment in excess of 1,000 crore rupees by ...

December 7, 2012 9:40 AM

SEBI announces framework for Rajiv Gandhi Equity Savings Scheme

The Securities and Exchange Board of India, SEBI has announced the framework for Rajiv Gandhi Equity Savings Scheme, a government initiative aimed at attracting small investors into the capital market. In a circular, SEBI said, the objective of the scheme is to encourage flow of savings in the finan...

December 6, 2012 11:19 PM

UK committed to meet target of doubling trade with India by 2015

The United Kingdom is committed to meet the target of doubling trade with India by 2015. Delivering a speech in New Delhi, British High Commissioner to India, Sir James Bevan KCMG emphasized the need of modern development partnership between the two countries based on technical cooperation. He said ...

December 6, 2012 7:32 PM

ECBank holds benchmark eurozone interest rate at record low of 0.75%

The European Central Bank has held the benchmark eurozone interest rate at the record low of 0.75%, as had been expected. The rate has been at this level for five months, after July's cut from 1%.Earlier today, the Bank of England also kept its main interest rate unchanged, leaving it at 0....

December 6, 2012 6:11 PM

Sensex up 95 pts to close at 19,487

Extending its winning streak for the third straight day, the Sensex at the Bombay Stock Exchange rose 95 points, or 0.5 per cent, to close at 19,487, amid fag-end buying, today, after the BSP said it will support the government on the FDI issue in the Rajya Sabha. The Nifty at the National Stock Exc...

December 6, 2012 6:05 PM

Sensex up 95 pts to close at 19,487

Extending its winning streak for the third straight day, the Sensex at the Bombay Stock Exchange rose 95 points, or 0.5 per cent, to close at 19,487, amid fag-end buying, after encouraging reports on the FDI front, today. The Nifty at the National Stock Exchange gained 30 points, or 0.5 percent, to ...

December 6, 2012 1:36 PM

Sensex down 145 pts in noon trade

Giving up all its initial gains, the Sensex at the Bombay Stock Exchange stood 145 points, or 0.8 percent in negative territory, at 19,247 in afternoon deals, a short while ago. Earlier in the morning, however, the Sensex had opened with a good gain of 100 points, or 0.5 per cent, at 19,492, on rene...

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