Business

November 16, 2012 1:10 PM

BP receives biggest criminal fine in US history for 2010 oil spill

BP has received the biggest criminal fine in US history as part of a 4.5 billion dollar settlement related to the fatal 2010 Deepwater Horizon disaster. Two BP workers have been indicted on manslaughter charges and an ex-manager charged with misleading Congress. The Department of Justice, DoJ said B...

November 16, 2012 12:04 PM

Sensex trading 24pts up at 18,495 in late morning trade

The BSE benchmark Sensex was trading 24 points up at 18,495 in late morning trade. It recovered by over 45 points in early trade today on fresh buying by funds and retailers after five sessions of losses due to profit-booking. The 30-share barometer lost over 431 points in the past five trading days...

November 16, 2012 11:57 AM

Rupee down 31p at 55.01 against dollar

The rupee dropped by 31 paise to 55.01 against the dollar in late morning trade today on fresh demand of the American currency from banks and importers. The rupee resumed lower at 54.85 per dollar as against the last closing level of 54.70 at the Interbank Foreign Exchange (Forex). It moved in a ran...

November 16, 2012 11:23 AM

IKEA to publish report on alleged use of forced labour by East German prisoners

The Swedish furniture chain IKEA is to publish a report today into allegations that it used forced labour by East German political prisoners. Former prisoners say they were forced to work on furniture after IKEA gave contract to the Communist government. A report from Berlin says in the sixties and ...

November 16, 2012 11:19 AM

Rupee declines by 26p against dollar in early trade

The rupee declined by 26 paise to 54.96 against the dollar in early trade today at the Interbank Foreign Exchange due to increased demand for the Americancurrency from importers. The rupee had gained 18 paise to end at 54.70 against the dollar in yesterday's trade on fag-end dollar sales by...

November 16, 2012 11:15 AM

Sensex recovers by over 45pts in early trade

The BSE benchmark Sensex recovered by over 45 points to 18,516.50 in early trade today on fresh buying by funds and retailers after five sessions of losses due to profit-booking. The 30-share barometer lost over 431 points in the past five trading days.Similarly, the wide-based National Stock Exchan...

November 16, 2012 9:32 AM

Petrol price down by 95paise per litre

The price of Petrol has been reduced by 95 paise per litre on account of a fall in international oil prices. This is the second reduction in rates since October. The cut came into effect from midnight last night.Petrol in Delhi will cost 67.24 rupees a litre, down by 95 paise from 68.19 rupees a lit...

November 15, 2012 6:16 PM

Petrol price cut by 95 paise per litre

Petrol price was today cut by 95 paise per litreon account of fall in international oil prices. It is the second reduction in rates since October.The cut will come into effect from midnight tonight.Petrol in Delhi would cost 67.24 rupees a litre , down 95 paise from 68.19 rupees a litre. Petrol pric...

November 15, 2012 6:05 PM

Sensex down 148 pts to close at 18,471

Falling for the fifth straight session, the Sensex at the Bombay Stock Exchange declined 148 points, or 0.8 percent, to close at an over two-week low of 18,471, today, as weak global stock markets weighed on sentiment. The Sensex had lost over 280 points in the previous four trading sessions. The Ni...

November 15, 2012 1:48 PM

Sensex down 191 pts in noon trade

The Sensex at the Bombay Stock Exchange declined 168 points, or 0.9 per cent, to 18,451 in opening trade, this morning, on sustained selling by funds and retail investors, amid falling global markets. Later, the Sensex remained weak, and stood 191 points, or 1 percent in negative territory, at 18,42...

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