Business

August 31, 2012 11:03 AM

SC directs Sahara Group to refund investor money

Supreme Court today directed Sahara Group to refund 17,400 crore rupees which it had collected from its investors. The apex court has granted three months time to Sahara India Real Estate Corporation and Sahara Housing Investment Corporation to refund the amount.It has also directed SEBI to conduct ...

August 31, 2012 9:56 AM

Rupee declines 9p; quoted at 55.72 against dollar

Rupee declined by 9 paise to 55.72 against the dollar in early trade today at the Interbank Foreign Exchange on increased demand from oil importers for the American currency.Forex dealers said besides increased dollar demand, a weak opening in the domestic equity market ahead of first quarter GDP da...

August 31, 2012 9:52 AM

Sensex down 71pts at 17,471 in early trade

The BSE benchmark Sensex fell by over 71 points in early trade today The 30-share barometer, which had gained 50.83 points in yesterday's volatile session, fell by 71 points, or 0.41 per cent, to 17,471 Similarly, the wide-based National Stock Exchange index Nifty shed 29.15 points, or 0.55...

August 31, 2012 9:52 AM

Sensex down 71pts at 17,471 in early trade

The BSE benchmark Sensex fell by over 71 points in early trade todayThe 30-share barometer, which had gained 50.83 points in yesterday's volatile session, fell by 71 points, or 0.41 per cent, to 17,471 Similarly, the wide-based National Stock Exchange index Nifty shed 29.15 points, or 0.55 ...

August 30, 2012 8:10 PM

Subbarao: Little sacrifice in growth inevitable to bring down prices<br/>

Reserve Bank of India governor D. Subbarao has said a little sacrifice in growth is inevitable, amid efforts to bring down prices to acceptable levels. But he also said that the sacrifice of growth is only in the short term. In the medium term, a low and stable inflation is a necessary precondition ...

August 30, 2012 5:00 PM

Sensex gains 51 pts to close at 17,542

Snapping four days of losses, the Sensex at the Bombay Stock Exchange gained 51 points, or 0.3 percent, to close at 17,542, on fag-end buying, amid the expiry of the month&apos;s derivatives contracts, today. The Sensex had lost 360 points in the last four trading sessions. The Nifty at the Nati...

August 30, 2012 1:42 PM

Rupee declines 5 paise against dollar

At the interbank foreign exchange market, the rupee erased some of its initial losses of this morning, but was still trading down 5 paise, at 55.67 against the US dollar, in late morning deals. The rupee feel amid a stronger dollar in the overseas forex markets.

August 30, 2012 1:42 PM

Sensex down 23 pts in noon trade

The Sensex at the Bombay Stock Exchange fell 79 points, or 0.5 per cent, to 17,411 in opening trade, this morning, as funds and retail investors offloaded positions ahead of the monthly settlement in the derivatives segment, amid weak Asian Bourses.Later, the Sensex recovered some lost ground, to st...

August 30, 2012 1:20 PM

Oil prices fall in Asian trade

Crude oil prices fell in Asian trade today as supply concerns eased after Hurricane Isaac left production facilities in the US Gulf of Mexico relatively unscathed. New York&apos;s main contract, light sweet crude for delivery in October, shed 42 cents to 95.07 dollar a barrel and Brent North Sea...

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