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May 18, 2012 8:32 PM
Facebook, the world's biggest social media website, will begin its eagerly awaited first day as a publicly traded company today. Stock in the California-based company will sell for 38 dollar a share when trading begins on the Nasdaq Stock Exchange. The initial public offering, the opening p...
May 18, 2012 6:54 PM
European markets suffered a jittery session today as concern continued over Greece and Spain. Spain's main index is trading higher after losing more than two per cent earlier. Some investors moved money into German bonds, which are seen as low-risk. The oil price also fell, reflecting worri...
May 18, 2012 5:46 PM
Recovering smartly from initial losses, the Sensex at the Bombay Stock exchange gained 82 points, or 0.5 percent, to 16,153, on value-buying in fundamentally strong stocks, today. The Nifty added 21 points, or 0.4 percent, to 4,891.But stock markets in Japan, China, Hong Kong, South Korea and Singap...
May 18, 2012 3:56 PM
The Minister of State for Finance Namo Narain Meena today saidthe main reasons for depreciation of rupee are due to supply-demand imbalance in the domestic foreign exchange market. In a written reply in the Lok Sabha, Mr. Meena said the imbalance is mainly due to widening of the Current Account Defi...
May 18, 2012 2:34 PM
Finance Minister Pranab Mukherjee today said that the government is taking a number of steps for fiscal consolidation to further strengthen and sustain economic growth. In a written reply in the Lok Sabha, Mr. Mukherjee said the measures for fiscal consolidation include efforts to restrict the expen...
May 18, 2012 2:28 PM
Finance Minister Pranab Mukherjee today said that the government is taking a number of steps for fiscal consolidation to further strengthen and sustain economic growth. In a written reply in the Lok Sabha, Mr. Mukherjee said the measures for fiscal consolidation include efforts to restrict the expen...
May 18, 2012 2:06 PM
Staging a smart recovery, the Sensex at the Bombay Stock Exchange stood just 27 points, or 0.2 per cent in negative territory, at 16,043 in afternoon trade, a short while ago. Earlier in the morning, however, the Sensex had lost as much as 232 points, or 1.4 per cent, to drop below the 16,000 level,...
May 18, 2012 2:06 PM
Finance Minister Pranab Mukherjee today said that the government is taking a number of steps for fiscal consolidation to further strengthen and sustain economic growth. In a written reply in the Lok Sabha, Mr. Mukherjee said the measures for fiscal consolidation include efforts to restrict the expen...
May 18, 2012 1:21 PM
The Rupee hit another all-time low of 54.85 rupees per dollar in the late morning trade today losing 38 paise on fresh demand for the American currency from banks and importers. Rupee tumbled by 35 paise to trade at 54.82 rupees against the dollar in early trade today. The Indian currency declined f...
May 18, 2012 1:00 PM
The Government today said that the global agency Standard and Poor's (S&P) has not downgraded India's credit rating in its latest research update on its sovereign credit rating. In a written reply in the Lok Sabha, Finance Minister Pranab Mukhejee said however S&P h...
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