Business

May 18, 2012 12:51 PM

Sensex trading down 143pts at 15,928

The BSE benchmark Sensex was trading 143 points down at 15,928 points a shortwhile ago. Sensex dipped below the 16,000 points level in early trade today by losing 232 points on heavy selling by funds and retail investors, tracking weak global markets. The 30-share barometer had closed higher by 40 p...

May 18, 2012 12:51 PM

Govt constantly reviewing Banking sector laws: Pranab

The Government has set up the Financial Sector Legislation Reforms Committee (FSLRC) to review the financial sector laws including the banking sector laws.Finance Minister Pranab Mukherjee in a written reply informed the Lok Sabha today that the government is constantly reviewing and amending bankin...

May 18, 2012 12:01 PM

Sensex trading at 15,869; down 202pts

The BSE benchmark Sensex was trading 202 points down at 15,869 points a shortwhile ago. Sensex dipped below the 16,000 points level in early trade today by losing 232 points on heavy selling by funds and retail investors, tracking weak global markets. The 30-share barometer had closed higher by 40 p...

May 18, 2012 11:45 AM

Oil extends losses in Asian trade

Oil extended losses in Asian trade today. New York's main contract, West Texas Intermediate crude for delivery in June, was down eight cents to 92.48 dollars per barrel while Brent North Sea crude for July shed 53 cents to 106.96 dollars in morning trade.

May 18, 2012 11:44 AM

Facebook prices initial offer at $38 per share

The Social networking company, Facebook has priced its initial share offer at 38 dollars per share. At this price the firm will be worth 104 billion dollars. But some analysts are questioning the company's valuation saying it will have to achieve remarkable things to justify it. Facebook is...

May 18, 2012 11:41 AM

Rupee tumbles 35p to hit all time low of 54.82 against US$

The rupee today tumbled by 35 paise to trade at a new all-time time low of 54.82 rupees against the US dollar in early trade. The Indian currency declined further on increased capital outflows and strong demand from importers for the American currency.Yesterday, rupee had touched an intra-day record...

May 18, 2012 10:50 AM

EU delegation in Arunachal to assess trade potential

An 8 member European Union ambassadorial delegation headed by Joao Cravinho visited Arunachal Pradesh yesterday and sought to know the trade potential and challenges confronting the state. Interacting with the members of Arunachal Chamber of Commerce & Industries, Mr Cravinho said the busine...

May 18, 2012 10:16 AM

Moody's downgrades 16 Spanish banks

The Ratings agency Moody's has down graded 16 Spanish banks as concern grows over the Euro zone financial crisis, a further blow to a country that is struggling to deal with the bad debts of its banking sector. It also cut the debt rating on Santander UK, a subsidiary of the Spanish banking...

May 18, 2012 10:08 AM

Facebook prices initial offer at $38 per share

The Social networking company, Facebook has priced its initial share offer at 38 dollars per share. At this price the firm will be worth 104 billion dollars. But some analysts are questioning the company's valuation saying it will have to achieve remarkable things to justify it. Facebook is...

May 18, 2012 10:05 AM

Sensex tumbles in early trade

The BSE benchmark Sensex dipped below the 16,000 points level in early trade today by losing 232 points on heavy selling by funds and retail investors, tracking weak global markets. The 30-share barometer, which had closed higher by 40 points in yesterday's session, tumbled by 232 points to...

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