Business

August 15, 2012 12:01 PM

World oil prices ease in Asian trade

World oil prices eased in Asian trade today as data showing weaker US energy demand prompted traders to sell. New York's main contract, West Texas Intermediate light sweet crude for delivery in September, fell 25 cents to 93.18 dollar, and Brent North Sea crude also for September dropped 34...

August 14, 2012 7:30 PM

Exports dip 14.8% to 22.4 billion USD in July

India's exports declined by 14.8 per cent year-on-year to 22.4 billion US dollars in July this year due to the global demand slowdown. In July 2011, the country's shipment stood at 26.3 billion dollars. Talking to reporters in New Delhi, Director General of Foreign Trade Anup Pujar...

August 14, 2012 7:26 PM

Inflation in July moderates to 6.87% , lowest since Nov 2009<br/>

Inflation in July moderated to 6.87 per cent --the lowest since November 2009-- helped by a decline in vegetable prices. But food inflation stayed in double digits, and manufactured items remained under price pressure. Inflation, as measured by the Wholesale Price Index, had stood at 7.25 percent in...

August 14, 2012 6:43 PM

Sensex surges 95 pts to close at 17,728

The Sensex at the Bombay Stock Exchange rose 95 points, or 0.5 percent, to a five-month closing high of 17,728, today, after lower-than-expected July inflation numbers fuelled hopes of a rate cut by the Reserve Bank. The Nifty at the National Stock Exchange gained 32 points, or 0.6 percent, to 5,380...

August 14, 2012 4:55 PM

Sensex surges 95 pts to close at 17,728

Lifted by easing inflation numbers, the Sensex at the Bombay Stock Exchange rose 95 points, or 0.5 percent, to close at 17,728, today. Rising Asian and European markets also improved sentiment. The Nifty at the National Stock Exchange gained 32 points, or 0.6 percent, to 5,380.

August 14, 2012 4:43 PM

Inflation falls to 32 month low;lifts Sensex;Rupee down against $.

The rate of inflation declined to 6.87 per cent in July this year, its lowest level since January, 2010, as the rate of price rise in the food articles category eased. But price pressure remained on potatoes, pulses and rice, and manufactured items. Inflation, as measured by the Wholesale Price Inde...

August 14, 2012 2:50 PM

Govt approves Financial Restructuring Plan of Air India

The government has approved the Financial Restructuring Plan, FRP and Turn Around Plan, TAP of Air India. In a written reply in the Rajya Sabha today, Civil Aviation Minister Ajit Singh said that as per approval, upfront equity of 6,750 crore rupees has been inducted and 1,200 crore rupees provided ...

August 14, 2012 2:49 PM

German economy growth rate just above zero: Official data

Official figures released in Germany show that the country&apos;s economy has a growth rate of just above zero. The 0.3 per cent rise is slightly better than many economists had predicted, a down from the point five per cent registered in the first quarter. The figures show that German economy i...

August 14, 2012 1:00 PM

Sensex up 75pts at 17,708 in noon trade

The BSE benchmark Sensex was trading 75 points up at 17,708 points in the noon trade a shortwhile ago. The 30-share barometer which gained 76 points yesterday, declined by nearly 21 points in early trade ahead of July inflation data amid profit-booking by speculators.The wide-based National Stock Ex...

August 14, 2012 12:20 PM

Sensex down 35pts; trading at 17,598

The BSE benchmark Sensex was trading 35 points down at 17,598 points, a shortwhile ago. It declined by nearly 21 points in early trade ahead of July inflation data amid profit-booking by speculators. The 30-share barometer, which gained 76 points yesterday, fell by nearly 21 points in early trade wi...

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