Business

October 5, 2012 11:43 AM

Sensex trading down 219pts at 18,339;Nifty also trading down

The Sensex at the Bombay Stock Exchange was trading 219 points down at 18,339, a shortwhile ago. It rose by 28 points in the early trade today. Sensex gained over 488 points in the past four sessions.The wide-based National Stock Exchange index Nifty was also trading 76 points down at 5,711, a short...

October 5, 2012 11:27 AM

Crude down in Asia ahead of release of US jobs numbers

Crude was down in Asia today as traders took profit from an overnight rally ahead of the release of closely-watched US jobs numbers. New York's main contract, West Texas Intermediate light sweet crude for November delivery shed 24 cents to 91.47 dollars a barrel and Brent North Sea crude fo...

October 5, 2012 11:23 AM

Pak faces challenging economic outlook : IMF report

The International Monetary Fund has said that Pakistan's economic situation was worsening and faces a return to double-digit inflation as the government prints money to finance its deficit. In a mission report, the IMF said yesterday, Islamabad urgently needed to address deep problems in it...

October 5, 2012 10:49 AM

Rupee gains 33p to 51.41 against dollar

The rupee today gained 33 paise to nearly six-month high of 51.41 against the dollar in early trade on strong capital inflows and a firming trend in the equity market after the government unleashed second wave of reforms yesterday. Forex dealers said, persistent dollar selling by exporters and banks...

October 5, 2012 10:05 AM

Crude down in Asian trade

Crude was down in Asian trade on Thursday as worries over Spain and a slowing Chinese economy highlighted a weak global economic outlook. New York's main contract, light sweet crude for delivery in November, shed 20 cents to 87.94 dollars a barrel and Brent North Sea crude slipped three cen...

October 5, 2012 10:05 AM

Sensex touches 15mth high after govt clears second wave of reforms

The Sensex at the Bombay Stock Exchange touched fresh 15-month high after the government unleashed a second wave of reforms yesterday. The benchmark index, rose by 28 points to 19,086 after gaining over 488 points in the past four sessions.The wide-based National Stock Exchange index Nifty, edged up...

October 4, 2012 7:54 PM

RBI to do everything possible to reign in inflation, spur growth: Governor

The RBI Governor Dr. D.Subbha Rao has said that RBI will do everything possible to reign in inflation and spur growth. He was speaking to reporters after Board meeting in Puducherry this evening, Welcoming the government's decision to allow FDI in retail, Dr subba Rao said the step will ens...

October 4, 2012 6:08 PM

RBI to do everything possible to reign in inflation, spur growth: Governor

The RBI Governor Dr. V.Subbha Rao has said that RBI will do everything possible to reign in inflation and spur growth. He was speaking to reporters after Board meeting in Puducherry this evening, Welcoming the government's decision to allow FDI in retail, Dr subba Rao said the step will ens...

October 4, 2012 4:55 PM

Sensex surges 188 pts to close at 19,058

Rising for the fourth straight session, the Sensex at the Bombay Stock Exchange jumped 188 points, or 1 percent, to cross the 19,000 level for the first time in 15 months, and close at 19,058, today, on hopes of further economic reforms by the government. The Nifty climbed 56 points, or 1 percent, t...

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