Business

June 1, 2012 2:35 PM

Slowdown in western markets leads to meagre growth in India's Apr '12 exports

India'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 ...

June 1, 2012 2:34 PM

Slowdown in western markets leads to meagre growth in India's Apr '12 exports

India's exports grew by a mere3.2 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 t...

June 1, 2012 1:54 PM

Sensex loses nearly 150 points in noon trade

The Sensex at the Bombay Stock Exchange fell 41 points, or 0.3 per cent, to 16,178 in opening trade, today, on sustained selling by foreign funds, amid weak Asian bourses.Later, the Sensex lost some more ground, and stood 145 points, or 0.9 percent in the red, at 16,073 in afternoon deals, a short w...

June 1, 2012 11:37 AM

Rupee up 16p; trading at 55.92 against US dollar

The rupee appreciated by 16 paise to 55 rupees 92 paise against the US dollar in early trade today, due to mild selling of the American currency by banks, as it weakened against other currencies in the overseas market. In yesterday's trade, the domestic currency had recovered 16 paise to cl...

June 1, 2012 10:40 AM

IRDA proposes health cover upto 65 years

Insurance Regulatory and Development Authority, IRDA has proposed to make it mandatory for health insurers to provide policy cover to people up to 65 years and settle all claims within a month.In its draft guidelines for health insurance companies, the IRDA said that insurers will have to provide ca...

June 1, 2012 10:14 AM

Rupee up 23p; trading at 55.85 agisnt US dollar

The rupee today strengthened by 23 paise against the US dollar to 55.85 in early trade on the Interbank Foreign Exchange market. The rupee had recovered 16 paise against the dollar to close at 56.08 in yesterday's trade.

June 1, 2012 10:14 AM

Sensex continues slide; trading down 41pts at 16,177

The BSE benchmark Sensex fell by 41 points in opening trade today on sustained selling by foreign funds. Continuing its slide for the third day in a row, the 30-share barometer, which has lost over 220 points in the previous two sessions, fell further by 41 points , or 0.25 per cent and is trading a...

June 1, 2012 10:12 AM

Oil slumps further

Oil prices have further declined because of weak data from the largest consumer United States and strengthening of dollar on worries of a possible Spanish bailout.Brent North Sea crude for July slumped to 101.27 US Dallars per barrel, which is the lowest level since October 5.New York's mai...

June 1, 2012 9:44 AM

B'desh PM Hasina keen to explore investment options in NE power sector

Bangladesh Prime Minister Sheikh Hasina has said that her government is keen to explore investment options in the power sector in the northeast India. The Bangladesh Prime Minister expressed her views during her discussions with a 16-member delegation led by Chief Minister of Meghalaya Mukul Sangma ...

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