Business

September 6, 2012 3:54 PM

Gold surges Rs. 320

Gold surged 320 rupees, to cross the 32,000-rupee mark for the first time ever, and hit a fresh record high of 32,300 rupees per ten grams at Delhi's bullion market, today. Gold rose on increased buying by stockists ahead of the marriage season, amid rising gold prices, globally. The precio...

September 6, 2012 1:44 PM

Sensex gains 81 pts in noon trade

The Sensex at the Bombay Stock Exchange gained 81 points, or 0.5 percent, to 17,394, in the afternoon trade, a short while age. The Nifty, at the National Stock Exchange rose 27 points, or 0.5 percent, to 5,253. Overseas, in other Asian markets, key indices in Japan, Hong Kong, China and South Korea...

September 6, 2012 1:37 PM

India announces contribution of 10 billion US dollars to IMF

India has announced a contribution of ten billion US dollars to International Monitory Fund, IMF. It is in line with commitments made by other G 20 member countries towards enhancement of IMF resources for crisis prevention and resolution. This was informed by the Minister of State for Finance, Namo...

September 6, 2012 11:50 AM

Sensex up by 3 pts in noon trade

The Sensex at the Bombay Stock Exchange, which recovered by 19 points in early trade today, was trading 3 points in the positive territory at 17,316 in late morning deals, when reports last came in. After losing 127 points yesterday, the 30-share barometer recovered by 0.11 per cent, on selective bu...

September 6, 2012 11:40 AM

Rupee falls 11 paise against dollar

The rupee erased early gains today and fell 11 paise to 56.02 a dollar on fresh demand for the American currency from banks and importers amid capital outflows from foreign funds. The rupee was down despite the weakening of dollar against other currencies in the overseas forex markets. It resumed hi...

September 6, 2012 10:05 AM

Rupee appreciates six paise against dollar<br/>

The rupee today rose marginally by six paise to 55.85 against the US dollar in early trade on the Interbank Foreign Exchange as the American unit weakened against euro overseas. Forex dealers said, euro&apos;s gains against the US dollar ahead of a European Central Bank meeting supported the rup...

September 6, 2012 9:49 AM

Sensex up by over 19 pts in early trade

The BSE benchmark Sensex today recovered marginally by over 19 points in early trade on selective buying by funds and retailers, tracking a better trend in Asian markets. The 30-share barometer, which had lost over 127 points yesterday, recovered by 0.11 per cent, to17,332. with stocks of IT, realty...

September 6, 2012 9:40 AM

Oil higher in Asian trade today

Oil was higher in Asian trade today with investors hopeful that a European Central Bank meeting will yield fresh measures to resolve the eurozone&apos;s stubborn financial woes. New York&apos;s main contract, light sweet crude for October delivery, rose 68 cents to 96.04 dollars a barrel and...

September 5, 2012 9:06 PM

Rupee looses 25 paise against USD

Falling for the third straight day, the rupee lost 25 paise, to a nearly 6-week closing low of 55.91 against the dollar.

September 5, 2012 8:19 PM

SBI cuts fixed deposit rates by 0.5-1 per cent <br/>

Country&apos;s largest bank SBI on Wednesday announced reduction in interest rate on fixed deposits by 0.5 per cent for most of the maturity periods. However, for deposits between 241 days and one year, the downward revision is 1 per cent. The new rate for them would be 6.5 per cent as against 7...

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