Business

July 20, 2012 10:19 AM

Sensex down 72pts; trading at 17,251 in morning deals

The BSE benchmark Sensex declined by over 27 points in early trade today .The 30-share barometer declined by 27.52 points, or 0.16 per cent, to 17,251.33, as stocks of auto, realty and refinerysectors fell on profit-booking after recent strong gains.The Sensex rose by almost 176 points in the previo...

July 20, 2012 9:20 AM

Microsoft announces Qly loss for first time

The Computer Software company Microsoft has announced a quarterly loss of almost five hundred million dollars, the first in its 26 years as a public company. The loss came after the company wrote off most of the value over investment in online advertising. Five years ago Microsoft spent six billion ...

July 20, 2012 8:54 AM

Govt has binding commitment to economic reforms : Commerce Min Sharma

The government has binding commitment to economic reforms and is working towards investor friendly policies. Talking to reporters in Chandigarh yesterday, Commerce and Industry Minister Anand Sharma said that the government is taking steps to bring the economy on the right track. Regarding consensus...

July 19, 2012 9:17 PM

Crude oil rises to 7 week high in New York

Crude oil rose to a seven-week high in New York, today, after U.S. gasoline supplies unexpectedly shrank, and housing starts climbed, signaling that fuel demand may increase. Futures advanced for a seventh day, the longest run of gains since February. So West Texas Intermediate crude for August deli...

July 19, 2012 4:37 PM

Sensex gains 94 pts to close at 17,279

Rising for the third straight session, the Sensex at the Bombay Stock Exchange gained 94 points, or 0.6 percent, to 17,279, today. The Nifty at the National Stock Exchange rose 26 points, or 0.5 percent, to 5,243.

July 19, 2012 1:58 PM

Sensex gains over 100 pts in noon trade

The Sensex at the Bombay Stock Exchange rose 129 points to 17,314 in opening trade, this morning, on sustained buying by funds and retail investors, in line with positive Asian bourses. Later, the Sensex remained firm, and stood 108 points, in positive territory, at 17,293 in afternoon deals, a shor...

July 19, 2012 1:47 PM

DK Mittal calls upon exporters to desist from devaluing domestic currency

Secretary Banking and Financial Services, DK Mittal has called upon exporters to desist from devaluing domestic currency by trading in foreign currency. Mr Mittal said in New Delhi that the practice creates problems for the government. Talking to newspersons on the sidelines of a function in New Del...

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