Business

August 2, 2012 10:27 AM

Oil prices lower in Asian trade<br/>

Oil prices were lower in Asian trade today after the US central bank failed to announce any new economic stimulus measures at the end of a two-day meeting.New York&apos;s main contract, light sweet crude for deliveryin September, shed 12 cents to 88 dollars 79 cents a barrel and Brent North Sea ...

August 2, 2012 10:22 AM

Sensex falls over 57 pts in early trade

BSE benchmark Sensex fell over 57 points in early trade today .The 30-share barometer, which had gained nearly 620points in the last four sessions, lost 57.30 points, or 0.33per cent, to 17,200. . Stocks of auto, metal and capitalgoods sectors led the fall.Similarly, the wide-based National Stock Ex...

August 2, 2012 10:16 AM

Rupee down by 25 against dollar

The Rupee today lost 25 paise to55.72 against the US dollar in early trade. The American currency gainedstrength against other currencies overseas.The rupee had strengthened by 18 paise to close at 55.47against the US dollar yesterday on robust capital inflows inthe stock market and exporters sellin...

August 1, 2012 9:00 PM

Govt permits FDI from Pakistan

In a move to boost bilateral economic relations, India today decided to allow Foreign Direct Investment, FDI, from Pakistan. According to a release issued by the Ministry of Commerce and Industry, after reviewing the Foreign Direct Investment Policy, the government has decided to permit a citizen of...

August 1, 2012 8:59 PM

India's export growth declines 5.45 % cent in June

Hit by slowdown in the Western markets, India&apos;s export growth declined 5.45 per cent in June for the second month in a row, to 25 billion US Dollars. Besides, reflecting slowdown in the domestic economy, imports too dipped sharply by 13.46 per cent to USD 35.37 billion, from USD 40.8 billio...

August 1, 2012 8:07 PM

Oil Industry benefited from standards, safety audits: Jaipal Reddy

Petroleum and Natural Gas Minister, S Jaipal Reddy today said that Oil Industry has immensely benefited from the standards and safety audits carried out by Oil Industry Safety Directorate, OISD. Mr. Reddy was addressing Oil Industry Safety Awards function in New Delhi. He mentioned that Oil and Gas ...

August 1, 2012 7:33 PM

Govt permits FDI from Pakistan

Government today reviewed the Foreign Direct Investment policy permitting investments from Pakistan. It has been decided to permit a citizen of Pakistan or an entity incorporated in Pakistan to make investments in India, under the Government route, in sector or activities other than defence, space a...

August 1, 2012 6:10 PM

NSTFDC, SBI sign refinance agreement

The National Scheduled Tribes Finance Development Corporation (NSTFDC) and the State Bank of India (SBI) signed a refinance agreement in New Delhi today. Under the agreement, NSTFDC would provide refinance to SBI for the loans extended to Self Help Groups of Scheduled Tribe members. The beneficiarie...

August 1, 2012 5:30 PM

Sensex gains 21 points

Extending its gains for the fourth straight session, the Sensex at the Bombay Stock Exchange rose 21 points, or 0.1 percent, to 17,257, today. The Sensex had gained almost 600 points in the previous three trading sessions. The Nifty at the National Stock Exchange added 12 points, or 0.2 percent, to ...

August 1, 2012 1:40 PM

Rupee up 10 paise against dollar

At the inter-bank foreign exchange market, the rupee strengthened 10 paise, to 55.55 against the dollar, in early trade, today. The rupee rose after the Reserve Bank eased norms by allowing corporates and exporters to keep their entire forex earningsin the respective foreign currency for a limited p...

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