Business

October 24, 2012 9:49 AM

RBI allows domestic companies to make payments in SEZ in foreign currency

The Reserve Bank of India has allowed domestic companies to make payments to units in special economic zones in foreign currency for the services delivered by them. Earlier, this facility was allowed only for payments made for goods. The move assumes significance as the tax-free zones are losing she...

October 23, 2012 7:14 PM

Gold prices drop by Rs 100 at Rs 31400 per 10 gram

Falling for the third straight day, gold dropped 100 rupees, to 31,400 rupees per ten grams at Delhi's bullion market, on Tuesday, on subdued demand at prevailing high levels, amid a weak global trend. Silver shed 10 rupees, to 59,540 rupees per kilo.

October 23, 2012 4:52 PM

Sensex down by 83 points

The Sensex at the Bombay Stock Exchange declined 83 points, or 0.4 percent, to 18,710, on Tuesday, with sentiment hit by weak Asian and European markets. The Nifty at the National Stock Exchange lost 26 points, or 0.5 percent, to 5,691.

October 23, 2012 1:29 PM

Sensex down 77 points in afternoon trade

Giving up all its initial gains, the Sensex at the Bombay Stock Exchange stood 77 points, or 0.4 per cent in the negative zone, at 18,716 in afternoon deals, a short while ago. Earlier in the morning, however, the Sensex had opened a marginal 10 points in the green, at 18,804, on selective buying by...

October 23, 2012 12:45 PM

Sensex down by 47 points in afternoon trade

The BSE benchmark Sensex is down by 47 points to 18,746 in afternoon trade.Earlier Sensex rose marginally by 10 points in the opening trade in on selective buying by funds and retailers.The 30-share barometer, which had gained 111.13 points in the previous session, rose by 10.41 points, or 0.05 per ...

October 23, 2012 12:45 PM

Rupee depreciates by 5 paise

The rupee failed to maintain its early gains and slipped by five paise to trade at 53.52 against the US currency on fresh dollar demand from banks and importers amidst weak local equity markets.The rupee resumed higher at 53.40 per dollar against the last closing level of 53.47 per dollar and improv...

October 23, 2012 11:43 AM

Oil rebounds in Asia

Crude rebounded in Asia today as traders returned to the market after prices plunged on oil demand fears. New York's main contract, light sweet crude for delivery in December, added 29 cents to 88.94 dollar and Brent North Sea crude for December delivery gained 29 cents to 109.73 dollar.

October 23, 2012 11:43 AM

Sensex down 32 points in afternoon trade

The BSE benchmark Sensex down by 32 points to 18,761 in afternoon trade. Earlier Sensex rose marginally by 10 points in the opening trade in on selective buying by funds and retailers.The 30-share barometer, which had gained 111.13 points in the previous session, rose by 10.41 points, or 0.05 per ce...

October 23, 2012 10:47 AM

Rupee appreciates by 11 paise

The rupee rose by 11 paise to 53 rupees 36 paise against the US dollar in early trade on continued selling of the American currency by exporters and banks. The rupee had gained 37 paise to close at 53 rupees 47 paise in yesterday's trade on fresh selling of dollars from banks and exporters ...

October 23, 2012 9:41 AM

Rupee appreciates by 11 paise

The rupee rose by 11 paise to 53 rupees 36 paise against the US dollar in early trade on continued selling of the American currencyby exporters and banks. The rupee had gained 37 paise to close at 53 rupees 47 paise in yesterday's trade on fresh selling of dollars from banks and exporters a...

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