Business

October 25, 2012 6:30 PM

Kingfisher employees end strike, resumes work<br/>

The deadlock between employees and management of Kingfisher Airlines was resolved on Thursday with the management agreeing to pay four months salary dues by December end to the striking employees who have agreed to resume work immediately.Kingfisher airline CEO Sanjay Aggarwal told this to reporters...

October 25, 2012 6:11 PM

Sensex gains 49 points

The Sensex at the Bombay Stock Exchange gained 49 points, or 0.3 percent, to 18,759, on Thursday, supported by some quarterly corporate earnings and firm Asian and European markets, amid the monthly settlement of the derivatives contracts.The Nifty at the National Stock Exchange rose 14 points, to 5...

October 25, 2012 6:10 PM

Govt to raise Rs 12,000-13,000 crore from stake sale in PSUs

The Finance Ministry is hopeful of raising Rs 12,000-13,000 crore from stake sale in the public sector undertakings (PSUs) by December-end which could help the government to rein in fiscal deficit to around 5.3 per cent of the GDP in 2012-13.Talking to reporters in New Delhi on Thursday, Department ...

October 25, 2012 1:44 PM

Sensex gains 59 points in afternoon deals

The Sensex at the Bombay Stock Exchange gained 32 points, or 0.2 per cent, to 18,742 in early trade, today, on the back of covering-up of short positions by participants, amid the monthly expiry in the derivatives segment. Later, the Sensex remained firm, and stood 59 points, or 0.3 percent in the g...

October 25, 2012 1:44 PM

Rupee lower by 10 paise at 53.82 against dollar

Erasing marginal gains it made this morning, the rupee was trading lower by 10 paise at 53.82 against the dollar in view of the high month-end demand for the American currency from banks and importers despite firm local equity market.The rupee resumed lower at 53.80 a dollar as against Tuesday&a...

October 25, 2012 1:43 PM

RBI fixes reference rate of rupee for US dollar at 53.6300

The Reserve Bank today fixed the reference rate of the rupee for the US dollar at 53.6300 and the euro at 69.7455 as against 53.5895 a dollar and 69.9070 a euro as on Tuesday. In a press release issued by RBI, the exchange rates for the pound and yen against the rupee were quoted at 86.1780 a pound ...

October 25, 2012 1:01 PM

Mukesh Ambani richest Indian: Forbes

Mukesh Ambani has retained his position as the world&apos;s richest Indian for the fifth year in a row, although his networth declined by 1.6 billion to 21 billionUS Dollars but remained well above that of the second-ranked Lakshmi Mittal. He is retaining this position for 5th year ina row. Stee...

October 25, 2012 1:01 PM

Sensex gains 49 points in afternoon trade

The benchmark Sensex at the Bombay Stock Exchange gained 49 points to 18,752 in afternoon trade. Sensex went up 31 points in opening trade today on the back of covering-up of short positions by participants following monthly expiry in the derivatives segment.Similarly, the wide-based National Stock ...

October 25, 2012 9:53 AM

Rupee up by 4 paise to 53.68 against dollar

The rupee rose marginally by 4 paise to 53 rupees 68 paise against the dollar in early trade today as the American currency weakened against euro overseas amid a higher opening in the domestic equity market. The rupee had ended lower by 25 paise at 53 rupees 72 paise against the US dollar in the pre...

October 25, 2012 9:50 AM

Sensex gains 31 points in early trade

The benchmark Sensex at the Bombay Stock Exchange gained 31 points in early trade today on the back of covering-up of short positions by participants following monthly expiry in the derivatives segment. The 30-share index, which had shed 83 points in the previous session on Tuesday, moved up by 31.5...

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