Business

June 29, 2012 5:09 PM

Centre decides to release 45 lakh tonnes of non-levy sugar

The Centre has decided to release 45 lakh tonnes of non-levy sugar for the 2nd quarter of July to September this year. An official release says, the sugar factories have to deliver the entire quantity of the sweetener within the validity period of the release with the condition that they sell not le...

June 29, 2012 5:09 PM

Sensex surges 439 points

The Sensex at the Bombay Stock Exchange surged 439 points, or 2.6 percent, to 17,430, today. The Nifty at the National Stock Exchange shot up 130 points, or 2.5 percent, to 5,279.

June 29, 2012 1:56 PM

Sensex surges over 350 pts in noon trade

The Sensex at the Bombay Stock Exchange rose a hefty 269 points, or 1.6 per cent, to 17,260 in opening trade, today, on sustained buying by funds and retail investors, on hopes that the government will announce economic reforms to boost the economy, and amid rising regional markets. Later, the Sense...

June 29, 2012 1:12 PM

Petrol to cost less

Petrol prices were reduced again for a second time this month. In Delhi, the price of petrol came down by 2 rupees 46 paise per litre at 67 rupees 78 paise with effect from midnight last night. While in Mumbai it came down by 3 rupees 10 paise per litre at 73 rupees 35 paise. In Kolkata, it came dow...

June 29, 2012 12:01 PM

Rupee up by 33 paise against dollar

Moving in line with higher equity market and fund inflows, the rupee advanced further by 33 paise to 56 rupees 47 paise against the Dollar on sustained selling of the American currency by banks and exporters.Earlier the rupee had appreciated by 25 paise to 56 rupees 55 paise against the US dollar in...

June 29, 2012 11:39 AM

Sensex surges 354 pts to 8 week high in noon trade

The Sensex at the Bombay Stock Exchange, surged 354 points to hit an eight week high at 17,345, when reports last came in.The rise came amid the sustained buying by funds and retailers on hopes that the government will announce economic reforms to revive the economy. The 30-share barometer, had gain...

June 29, 2012 11:11 AM

Rupee up by 25 paise against US dollar

The rupee appreciated by 25 paise to 56 rupees 55 paise against the US dollar in early trade today at the Interbank Foreign Exchange. The Rupee surged on hopes that the government will take steps to check the currency's slide.The rupee closed at 56 rupees 80 in yesterday's trade, a...

June 29, 2012 10:24 AM

Sensex surges 269 pts in early trade

The Sensex at the Bombay Stock Exchange, extended gains for the fourth day in a row and rose by hefty 269 points in early trade today . The rise came amid the sustained buying by funds and retailers on hopes that the government will announce economic reforms to revive the economy.The 30-share barome...

June 28, 2012 8:30 PM

Asian markets end mixed

Asian markets ended mixed today. Japan's Nikkei rose 1.7%; South Korea's Kospi index edged up 0.1% and Singapore's Straits Times index gained 0.2%. But Hong Kong's Hang Seng index fell 0.8% and China's Shanghai Composite index lost 1%. In economic news, J...

June 28, 2012 8:29 PM

RBI deputy governor: Need to educate public about nature of gold investments

Reserve Bank deputy governor KC Chakrabarty today said that educating the common man about the speculative nature of gold investments is the key to bring down the high import of gold which is straining current account and pulling down the rupee. He told reporters on the sidelines of a CII-organized ...

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