Business

June 4, 2012 9:43 AM

Sensex falls by nearly 162 pts in early trade

The BSE benchmark Sensex continued its slide for the fourth straight session and fell further by nearly 162 points in early trade today.It declined further to 15,804 points in opening trade due to sustained selling by foreign funds amid a weakening trend on other Asian bourses.The 30-share barometer...

June 3, 2012 4:45 PM

Centre sets up high-level board to boost manufacturing sector

The government set up a high-level board to boost the manufacturing sector. The panel will be headed by Commerce and Industry Minister Anand Sharma. The decision to set up the board comes within days of Prime Minister Dr. Manmohan Singh set up the Investment Tracking System to give a push to mega pr...

June 2, 2012 7:11 PM

Gold price touches all-time highs<br/>

Domestic gold prices zoomed to touch all-time highs, today, on on the back of surging global gold prices and a weak rupee. The maximum jump in prices was seen in Chennai, where gold soared 1,095 rupees, to an all-time high of 30,380 rupees per ten grams. In Delhi, gold spurted 960 rupees, to a recor...

June 2, 2012 8:52 AM

Can do little to arrest rupee fall: RBI

The Reserve Bank of India (RBI) has said that it could do little to arrest the fall of rupee if the decline was caused by fundamental weakness of the economy or due to global factors.Speaking to reporters in Mumbai on Friday, RBI Deputy Governor KC Chakrabarty said in such a case, RBI could only tak...

June 1, 2012 7:24 PM

Rupee gains 54 paise against dollar

Moving up for the second straight day, the rupee today gained a whopping 54 paise to end at 55.54 against the dollar on persistent dollar-selling by exporters. In volatile trade, the rupee resumed lower at 56.25, as against yesterday&apos;s close of 56.08 at the Interbank Foreign Exchange (Forex...

June 1, 2012 7:24 PM

Gold declines by Rs 130 to 29,340 on sluggish demand

Gold fell 130 rupees, to 29,340 rupees per ten grams at Delhi&apos;s bullion market, today, on slack demand at prevailing higher levels, amid a weak global trend. Silver held steady at 53,900 rupees per kilo, on restricted buying by industrial units and coin makers. In Singapore, gold declined 0...

June 1, 2012 4:50 PM

Sensex falls 253 points to close at 15,965

Falling for the third straight session, the Sensex at the Bombay Stock Exchange slumped 253 points, or 1.6 percent, to close below the 16,000 level after a week, at 15,965, today, as the global markets declined amid a deepening euro zone debt crisis. The Sensex had lost 220 points in the previous tw...

June 1, 2012 4:17 PM

West slowdown leads to meagre growth in India's Apr '12 exports

India&apos;s exports grew by a mere 3.2 per cent year-on-year to 24.4 billion US dollar in April 2012 mainly due to demand slowdown in western markets like Europe. Exports stood at 23.6 billion US dollars in April last year . Imports during the first month of the current fiscal grew 3.8 per cent...

June 1, 2012 2:36 PM

West slowdown leads to meagre growth in India's Apr '12 exports

India&apos;s exports grew by a mere 3.2 per cent year-on-year to 24.4 billion US dollar in April 2012 mainly due to demand slowdown in western markets like Europe.Exports stood at 23.6 billion US dollar in April last year, according to data released by the Commerce Ministry today.Imports during ...

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