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July 16, 2012 1:35 PM
Inflation declined to 7.25 per cent in June as prices of manufactured items eased a little, although vegetables, wheat and pulses became costlier.Inflation, as measured by the Wholesale Price Index, was 7.55 per cent in May. Overall food inflation rose to 10.81 per cent in June, from 10.74 per cent ...
July 16, 2012 1:31 PM
The Sensex at the Bombay Stock Exchange was trading 38 points in positive territory at 17,251 in afternoon trade, a short while ago. Earlier, the 30-share index, which had recovered by 69 points in early trade today, fell by 16 points in late morning deals.The Nifty at the National Stock Exchange wa...
July 16, 2012 12:58 PM
The Sensex at the Bombay Stock Exchange fell by 16 points to 17,197 a short while ago. Earlier the BSE benchmark Sensex recovered by 69 points to 17,282 in early trade today after three sessions of weakness on emergence of buying by funds and retailers ahead of inflation data. The 30-share barometer...
July 16, 2012 12:58 PM
The rupee gave up early gains against the dollar today but was still up 14 paise at 55.01 rupees a dollar as banks and exporters sold the American currency amid inflows from foreign funds into the equity market.The rupee had resumed stronger at 54.78 against the US dollar in early trade today agains...
July 16, 2012 10:14 AM
The BSE benchmark Sensex recovered by 69 points in early trade today after three sessions of weakness on emergence of buying by funds and retailers ahead of inflation data. The 30-share barometer, which lost nearly 405 points in the last three sessions, rose by 69 points to 17,282 with realty, banki...
July 15, 2012 8:28 PM
United Arab Emirates shipped its first oil cargo from its Fujirah oil export terminal on Sunday bye passing the strait of Hormuz to Pakistan. The export terminal has the capacity to pump up to 1.8 million barrels per day. Exports from the new facility would start at a few hundred thousand barrels a ...
July 15, 2012 8:26 PM
India has initiated a probe into alleged dumping of a chemical, mainly used in photography and medical applications, by China following complaints by domestic players. The Commerce Ministry's designated authority, the Directorate General of Anti-Dumping and Allied Duties, DGDA has started a...
July 15, 2012 5:01 PM
Reacting to US President Barack Obama's assertion that the government must carry out "difficult" economic reforms, India Inc said India remains a strong investment destination with strong long-term growth prospects. Acknowledging that the nation lagged in reforms in sector...
July 14, 2012 9:35 AM
The Reserve Bank of India has rationalized charges that banks can levy on customers for transfer of funds through National Electronic Funds Transfer - NEFT. In a notification issued in Mumbai, the RBI said as per the new rate system, banks can levy not more than 2 rupees 50 paise for funds transfer ...
July 13, 2012 9:11 PM
The World Trade Organisation WTO today said that India will gain access to 1.7 trillion dollar procurement market if it joins WTO's global procurement agreement (GPA). Speaking at an Assocham function in New Delhi WTO Secretariat Deputy Director Harsha V Singh said WTO's GPA provid...
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