Business

May 21, 2012 11:44 AM

Rupee falls against dollar

The rupee today dropped by 30 paise to 54.72 rupees against the dollar in morning trade due to on fresh demand for the American currency from banks and importers despite a weak global trend.The rupee had earlier resumed lower at 54.45 rupee a dollar as against the last weekend's level of 54...

May 21, 2012 11:22 AM

G8 backing triggers oil recovery

Oil prices recovered from multi-month lows in Asian trade today as concerns over Middle-East supply resurfaced. Oil was also supported by Group of Eight leaders, signaling they would look at promoting growth along with austerity measures as a way out of the eurozone's deep debt troubles.New...

May 21, 2012 10:26 AM

Rupee depreciates against dollar by 5 paise

The rupee depreciated by 5 paise to 54.47 rupees against the dollar in early trade on the Interbank Foreign Exchange due to increased demand for the American currency from importers.The rupee had ended higher by 5 paise at 54.42 rupees against the dollar in the previous session after touching 54.91 ...

May 21, 2012 10:06 AM

Sensex ups 76 points in early trade

The BSE benchmark Sensex today rose by over 76 points in early trade.The 30-share barometer, which had gained 82.27 points in Friday's trade, surged 76.53 points, or 0.47 per cent, to 16,229.28 led by banking, realty and consumer durables stocks.The wide-based National Stock Exchange index ...

May 21, 2012 8:25 AM

Falling rupee a concern: FM

Finance Minister Pranab Mukherjee has said, the steep fall in the rupee was a matter of great concern and the Centre was trying to resolve the situation. Addressing the media in Kolkata today, he said, this situation is due to the Eurozone crisis. Mr. Mukherjee said, there is also currency crisis in...

May 20, 2012 8:41 PM

Falling rupee a big concern; Centre trying to resolve situation: FM

Finance Minister Pranab Mukherjee has said, the steep fall in the rupee was a matter of great concern and the Centre was trying to resolve the situation. Addressing the media in Kolkata today, he said, this situation is due to the Eurozone crisis. Mr. Mukherjee said, there is also currency crisis in...

May 19, 2012 5:42 PM

Railways earnings up by 22%

Railways earnings have gone up by 22 percent in the first ten days of this month. It was over 3200 crore rupees against over 2600 crore rupees during the same period of last year. Goods earnings have also gone up by over 25 percent. It was around 2300 crore rupees in the same period of this year aga...

May 19, 2012 4:27 PM

Railways earnings up by 22%

Railways earnings have gone up by 22 percent in the first ten days of this month. It was over 3200 crore rupees against over 2600 crore rupees during the same period of last year. Goods earnings have also gone up by over 25 percent. It was around 23 thousand crore rupees in the same period of this y...

May 19, 2012 11:30 AM

American firm to supply to space station

An American firm is to become the first private company to send a supply craft to the international space station. An unmanned capsule made by SpaceX company will be launched from Cape Canaveral in Florida carrying half a tonne of food and equipment to the station. It will be the first time the priv...

May 18, 2012 8:53 PM

SBI posts net profit of 11 thousand 707 cr rupees for last financial yr

The Nationalised State Bank of India (SBI) has posted a net profit of 11 thousand 707 crore rupees for the last financial year. Declaring the financial results for 2011-12 the Chairman of the SBI Mr. Pratip Chaudhuri announced a dividend of 35 rupees per share for the last fiscal in Kolkata today. T...

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