Oil prices tumble in Asian trade

Oil prices tumbled in Asian trade today as traders cashed in gains from a recent rally. New York's main contract light sweet crude for delivery in September, was down 37 cents to 95.23 dollar a barrel and Brent North Sea crude for October delivery sank 67 cents to 114.60 dollar

TRAI extends date for submission of comments on consultation papers

The Telecom Regulatory Authority of India, TRAI has extended the last date for submission of comments on six consultation papers to the 3 rd of next month.These consultation papers include review of regulation to curb pesky calls and SMS, processing fee on talk time top-up vouchers and charges for p...

Sensex up 122pts; at 17,701 in morning trade

The Sensex at the Bombay Stock Exchange gained 122 points in morning trade today after yesterday''s losses on emergence of buying by funds and retailers, tracking a firming trend in Asian markets. Shares of auto, IT, oil & gas, technology, healthcare,banking and consumer du...

WGC projects dip in demand for gold in India<br/>

The demand of Gold in India can drop byaround 33 percent at about 700 tonne this year due to weak consumer sentiments. World Gold Council, WGC said that record high local prices and rising inflation following concerns over weak monsoon are reasons behind the projected decline. The WGC, however, said...

Sensex falls 71 pts to close at 17,657

Snapping two days of gains, the Sensex at the Bombay Stock Exchange fell 71 points, or 0.4 percent, to 17,657, on profit-booking by investors,on Thursday. The Sensex had gained 171 points in the last two trading sessions. The Nifty at the National Stock Exchange lost 17 points, or 0.3 percent, to 5,...

Rupee drops 35 paise against dollar

The rupee dropped 35 paise to 56 per US dollar after a gap of two weeks on persistent demand for the American currency from banks and importers.The dollar also gained strength against other currencies in the overseas markets.The rupee resumed lower on Thursday at 55.88 a dollar from Tuesday&apos...

Sensex falls 71 pts to close at 17,657

Snapping two days of gains, the Sensex at the Bombay Stock Exchange fell 71 points, or 0.4 percent, to 17,657, on profit-booking by investors,on Thusday. The Sensex had gained 171 points in the last two trading sessions. The Nifty at the National Stock Exchange lost 17 points, or 0.3 percent, to 5,3...

WGC projects dip in demand for gold in India<br/>

The demand of Gold in India can drop byaround 33 percent at about 700 tonne this year due to weak consumer sentiments. World Gold Council, WGC said that record high local prices and rising inflation following concerns over weak monsoon are reasons behind the projected decline. The WGC, however, said...

SEBI to soon introduce electronic bidding for Initial Public Offer

RBI: Decision on reducing interest rate to depend on inflation situtaion

RBI Deputy Governor, K. C. Chakrabarty today said the apex bank will assess if the declining trend in inflation is sustainable, and accordingly take a decision on reducing interest rate. He said 5 per cent inflation is the comfort zone. The Reserve Bank is scheduled to review its monetary policy on ...