India to receive record $70 billion remittances in 2012, says World Bank

The World Bank has said, India will receive record 70 billion US dollar remittances in 2012, topping the list of developing countries which are expected to receive a total of 406 billion US dollar this year.After India, China will stand second with 66 billion US dollar, followed by Mexico and the Ph...

Govt dismisses media reports about KGD-6 gas price revision

Petroleum Ministry on Wednesday dismissed media reports regarding withdrawal of the Note for EGoM about KGD-6 gas price revision at the behest of the present petroleum minister as completely baseless.In a press note issued in New Delhi, the Ministry said that certain baseless and frivolous allegatio...

Thousands of people throng to IITF 2012 in Delhi

Sensex ends up by 131 points

The Sensex held on to intraday gains and was firmly placed above the 18,400 level on Wednesday, led by gains in realty, banks and technology sectors, even as the European markets opened on a subdued note.The 30-share index Sensex closed at 18460.38 , up 131.06 points. It touched a high of 18,478.50 ...

Sensex gains 66 pts in noon trade

The Sensex at the Bombay Stock Exchange gained 66 points, or 0.4 per cent, to 18,395 in early trade, today, on select buying by investors. Later, the Sensex remained firm, and stood 64 points, or 0.4 per cent in the green, at 18,393 in afternoon deals, a short while ago.Other Asian markets in China,...

Rupee down 15 paise against dollar

The rupee pared some of its early losses but still quoted 15 paise down at 55.25 against the American currency in the late morning trade.The rupee resumed lower at 55.13 per dollar as against the last closing level of 55.10 per dollar at the InterbankForeign Exchange Market and declined further to 5...

Sensex gains 101 pts in noon trade

The BSE benchmark Sensex rose 101 points to 18, 430 in late morning trade today. The 30-share barometer had earlier recovered by 65 points in opening trade. Similarly, the wide-based National Stock Exchange index Nifty moved up by 27 points to 5599.

Oil price falls today

Oil prices slumped today on fresh economic strains in Europe and amid expectations of a cease-fire between Israel and Gaza. New York's main contract, WTI light sweet crude for delivery in January, slid 2.53 dollars from Monday to 86.75 dollars a barrel. Brent North Sea crude for January she...

Rupee down 24 paise against dollar

The rupee declined by a hefty 24 paise to 55.34 in early trade today at the Interbank Foreign Exchange market on strengthening of the American currency overseas and increased dollar demand.Forex dealers said besides dollar's gains against euro and other currencies in the overseas markets, i...

Sensex surges over 65 pts in early trade

The BSE benchmark Sensex gained over 65 points in early trade today. The 30-share barometer, which had lost 9.68 points in yesterday's volatile trade, recovered by 65.74 points, or 0.35 per cent, to 18,395.Similarly, the wide-based National Stock Exchange index Nifty moved up by 2.45 points...