Oil prices down in Asian trade

Oil prices were down in Asian trade today as markets awaited the outcome of a eurozone finance ministers' meeting aimed at unlocking the next trance of aid to debt-strapped Greece.Investors were also concerned about looming tax increases and huge spending cuts in the United States, with ana...

Rupee up 8 paise against dollar

The rupee recovered by 8 paise to 55.43 against the American currency in early trade today, snapping a four-session losing streak, at the Interbank Foreign Exchange on dollar selling by exporters and some banks. The rupee had tumbled by 30 paise to close at two-and- a-half-month low of 55.51 against...

Sensex gains over 76 pts in opening trade

The BSE benchmark Sensex recovered by over 76 points to 18,583 in the opening trade today on fresh buying by funds and retailers after previous session's losses on investor concerns over economic reforms as Parliament was adjourned. The 30-share barometer had shed 10.77 points in the previo...

Gokarna expresses concern over rising gold imports

Deputy Governor of RBI Subir Gokarna has expressed concern over the growing import of gold in the Country. He was addressing the conference of Indian Bank association- BANKCON 2012 in Pune today.A working group to suggest measures for reducing the import of gold and to bring the domestic gold in eco...

RIL agrees for official scrutiny into its KG-D6 gas block expenses

Reliance Industries Limited (RIL) agrees to a scrutiny of its expenses in the flagging KG-D6 gas block by the official auditor even after expiry of the contractual period. RIL President B. Ganguly however said, contractually there was no scope for CAG doing a performance audit and the scrutiny shoul...

Dubai announces ambitious mega projects for tourism and retail sector development

NMDC disinvestment likely to take place in first half of Dec

Encouraged by the response to its stake sale in Hindustan Copper, the government has said that disinvestment of its 10 per cent shares in National Mineral Development Corporation (NMDC) is likely to take place in first half of the next month.Disinvestment Secretary M Haleem Khan told reporters in Ne...

The government's 4 per cent stake sale in state-run, Hindustan Copper was over-subscribed, today. Bids were received for a total of 3.89 crore shares, worth over 603 crore rupees by the close of trading, according to data available from the stock exchanges. Actual bids may be even higher, a...

Sensex loses 11 points

Erasing initial gains, the Sensex at the Bombay Stock Exchange closed with a marginal loss of 11 points, or 0.1 percent, at 18,507, today. The Nifty at the National Stock Exchange fell just 1 point, to 5,627.Stock markets in China, Hong Kong, South Korea and Singapore rose between 0.1 percent and 0....

Fiscal deficit in 2012-13 projected to be about 5.3% of GDP

Fiscal deficit in 2012-13 is projected to be about 5.3 percent of the GDP. The government has unveiled a roadmap to consolidate fiscal deficit. This was stated by Minister of State for Finance Namo Narain Meena in a written reply in the Lok Sabha today. He said the government is committed to continu...