Oil prices ease in Asian trade

Oil prices eased in Asian trade today. New York's main contract, West Texas Intermediate crude for delivery in July was down 25 cents to 90.41 dollars per barrel while Brent North Sea crude for July shed 27 cents to 106.28 dollars in morning trade.

Govt seeks increased industry participation in solar energy projects

Rupee trading down at 55.92 against dollar

The rupee depreciated by 27 paise to 55 rupees 92 paise against the dollar in early trade today on stronger dollar against euro and Asian currencies. In yesterday's trade, the domestic currency had ended higher by 35 paise at 55 rupees 65 paise against the dollar.

Sensex down 70pts in early trade

The BSE benchmark index Sensex today declined by 70 points in early trade as funds and retail investors booked profits after yesterday's gains. The 30-share index, which had gained 274 points yesterday, fell by 70 points to 16,153 with stocks of metals, oil and gas banking sectors succumbin...

Rupee decline: RBI monitoring situation

Amid steep decline in the value of rupee, the Reserve Bank said that it is monitoring the situation and will do whatever is necessary to check the currency's fall.RBI Governor D Subbarao said this while addressing a press conference after a meeting of the central bank board in Mussoorie yes...

Petrol price hike: No immediate roll back, say oil companies

The Oil companies have ruled out any immediate roll back in the prices of petrol. Briefing the media in New Delhi, IOC chairman Shri R.S. Butola said that the decision to hike the prices by 6.28 Rupees was taken after all the existing options were exhausted and it was done as a last measure in a col...

RBI monitoring rupee fall, says RBI Guv

RBI Governor Mr. D Subbarao has said the Reserve Bank of India is monitoring the situation and will do whatever is necessary to check the currency's fall. Mr. Subbarao said in a press conference in Mussoorie on Thursday said that the rupee has been depreciating over the last three to four m...

IT authorities complete survey operations at IPL offices

Income Tax authorities on Thursday completed their survey operations at the offices of Indian Premier League franchises Pune Warriors and Royal Challengers Bangalore in the southern city as part of their probe into alleged tax evasion. I-T officials who were sent to collect documents and details of ...

Rupee ups 35 paise to US $ 55.65

At the Interbank Foreign Exchange market, the rupee appreciated a good 35 paise, to close at 55.65 against the dollar on Thursday. The rupee rose after Reserve Bank intervention saw increased dollar selling by banks, and as investors regained appetite for domestic stocks.Earlier during the session, ...

Rupee ups 35 paise to US 55.65

At the Interbank Foreign Exchange market, the rupee appreciated a good 35 paise, to close at 55.65 against the dollar on Thursday. The rupee rose after Reserve Bank intervention saw increased dollar selling by banks, and as investors regained appetite for domestic stocks. Earlier during the session,...