Business

July 10, 2012 9:43 AM

Norway govt uses emergency powers to end oil & gas workers strike

Norway's government has used emergency powers to step in and force offshore oil and gas workers back to work ending a 16-day strike. Production was due to be shut down from today with companies set to lock out workers in a dispute over pensions. The Labour Minister Hanne Bjurstroem told new...

July 10, 2012 9:43 AM

US Prez Obama calls for extension of Bush-era tax cuts

The U.S President Barack Obama yesterday called on Congress to approve a one year extension of Bush-era tax cuts for people making less than 250,000 dollars per year, a proposal that has been rejected by congressional Republicans and likely Republican Party Presidential nominee Mitt omney.Obama&...

July 10, 2012 9:42 AM

IOC, RIL among Fortune's top 100 largest Cos

Eight Indian companies have made the cut in the list of world's 500 largest companies compiled by Fortune magazine, with Indian Oil finding a place in the top 100.Out of the eight, five are state-run entities. With an annual revenue of 86000 million dollars Indian Oil has cornered the 83rd ...

July 10, 2012 9:28 AM

Rupee down by 59 paise<br/>

The rupee breached the 56-mark, depreciated by 59 paise to 56 rupees, 1 paisa against the US dollar on the Interbank Foreign Exchange on high demand for the American currency from banks and importers.In opening trade the rupee had declined by 48 paise to 55 rupees, 90 paise against the dollar in ear...

July 10, 2012 9:28 AM

Crude markets up in Asian trade

Crude markets inched up in Asian trade on Monday as traders bought up cheap crude following a price plunge late last week caused by disappointing US jobs figures. New York&apos;s main contract light sweet crude for delivery in August, gained 18 cents to 84.63 dollar a barrel and Brent North Sea ...

July 10, 2012 9:27 AM

Sensex drops 129 pts to close at 17,392

The Sensex at the Bombay Stock Exchange dropped 129 points, or 0.7 percent, to close at 17,392, amid a falling rupee, and weakness in global stock markets, on Monday. The Nifty at the National Stock Exchange lost 42 points, or 0.8 percent, to 5,275. Stock markets in Japan, China, Hong Kong, South Ko...

July 9, 2012 5:13 PM

Sensex drops 129 pts to close at 17,392

The Sensex at the Bombay Stock Exchange dropped 129 points, or 0.7 percent, to close at 17,392, amid a falling rupee, and weakness in global stock markets, today. The Nifty at the National Stock Exchange lost 42 points, or 0.8 percent, to 5,275. Stock markets in Japan, China, Hong Kong, South Korea ...

July 9, 2012 5:11 PM

Crude markets up in Asian trade

Crude markets inched up in Asian trade today as traders bought up cheap crude following a price plunge late last week caused by disappointing US jobs figures. New York&apos;s main contract light sweet crude for delivery in August, gained 18 cents to 84.63 dollar a barrel and Brent North Sea crud...

July 9, 2012 2:27 PM

Sensex falls by 108 pts.

The Sensex at the Bombay Stock Exchange fell 108 points, or 0.6 per cent, to 17,413, in early trade, today, as funds and retail investors booked profits, amid weakness in the other regional bourses. Later, the Sensex remained subdued, and stood 128 points, or 0.7 per cent in negative territory, at 1...

July 9, 2012 12:58 PM

Sensex falls by 150 pts.

The Sensex at the Bombay Stock Exchange continuing its downward trend, plunged by 150 points to 17,370 a short while ago. The 30-share barometer had earlier shed 123 points to 17,398 in late morning deals. In the opening trade the BSE benchmark index fell by almost 108 points to 17,413 as funds and ...

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