Business

June 7, 2012 10:06 AM

Rupee up by 18 paise against dollar

The rupee today appreciated by 18 paise to 55.18 rupee against the US dollar in early trade following a rising trend in the equity market and selling of the American currency by exporters and banks. Yesterday, the domestic currency had gained 28 paise toclose at a one-week high of 55.36 rupee agains...

June 7, 2012 10:05 AM

Sensex surges over 165 pts in early trade

The BSE benchmark Sensex today shot up by over 165 points in early trade, extending gains for the fourth straight session, on continued buying by funds and retailers. The rise was driven by the government's bid to fast track the infrastructure projects and hopes of a rate cut by RBI. The 30...

June 6, 2012 8:23 PM

Sensex posts its biggest single-day gain of 434 pts this year

Rallying for the third straight session, the Sensex at the Bombay Stock Exchange spurted a massive 434 points--its biggest single-day gain this year--to 16,454, today, as the government moved to push investment and reforms, and on rate cut hopes, and in line with rising global stock markets. The Nif...

June 6, 2012 5:53 PM

Sensex gains 434 points in closing trade

Rallying for the third straight session, the Sensex at the Bombay Stock Exchange spurted a massive 434 points--its biggest single-day gain this year--to 16,454, today, as the government moved to push investment and reforms, and on rate cut hopes, and in line with rising global stock markets. The Nif...

June 6, 2012 5:51 PM

EC proposes new rules to deal with failing banks

The European Commission is proposing new rules, on how governments must deal with failing banks. It recommends closer coordination between countries and giving regulators powers to force shareholders to accept responsibility for losses.

June 6, 2012 5:38 PM

Sensex up by 434 points in closing trade

Rising for the third straight session, the Sensex at the Bombay Stock Exchange spurted 434 points, or 2.7 percent, to 16,454, amid rate cut hopes, a stabilizing rupee, and rising global markets, today. The Nifty at the National Stock Exchange jumped 134 points, or 2.8 percent, to 4,997. Stock market...

June 6, 2012 5:31 PM

Gold on a new height of Rs 30,400 per ten grams<br/>

Gold rose 200 rupees, to a fresh all-time high of 30,400 rupees per ten grams at Delhi&apos;s bullion market, on Wednesday, on brisk buying by stockists, triggered by a firm global trend. Silver climbed 1,200 rupees, to 55,500 rupees per kilo, on increased offtake by industrial units and coin ma...

June 6, 2012 1:39 PM

Moody's downgrade credit ratings of 6 German Banks

The credit ratings agency Moody&apos;s has downgraded the credit ratings of six German Banks. In a statement, Moody&apos;s said it was doing so because the Banks faced risk, should the Euro crisis deepen.

June 6, 2012 1:36 PM

Sensex gains 366 pts in noon trade

Extending early gains, the Sensex at the Bombay Stock Exchange spurted a hefty 366 points, or 2.3 percent, to 16,386 in afternoon deals, a short while ago. In the morning, the Sensex had opened a good 169 points higher, at 16,190, on strong buying by funds, driven by hopes of a rate cut by the Reser...

June 6, 2012 12:01 PM

Sensex gains over 285 pts in noon trade

The BSE benchmark Sensex surged over 285 points during the noon trade today. The 30-share barometer, which was up by 169 points in early trade today, further rose to reach 285 points, to 16,306 during noon. Similarly, the wide-based National Stock Exchange index Nifty up by 87 points, to 4,952.

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