Business

May 15, 2012 2:00 PM

Business News Heading

Finance Minister Pranab Mukherjee today said Direct Tax Code, DTC Bill will be introduced in the Monsoon session of Parliament. He stated this while introducing the Appropriation No-3 Bill 2012 along with the Finance Bill 2012 in the Rajya Sabha. The Finanance Minister announced the roll back of the...

May 15, 2012 1:53 PM

Sensex gains over 130 points in afternoon trade<br/>

Recovering smartly from early losses, the Sensex at the Bombay Stock Exchange stood 136 points, or 0.8 percent in positive territory, at 16,352 in afternoon deals, a short while ago. Earlier in the morning, however, the Sensex had opened 93 points, or 0.6 per cent in the negative zone, at 16,123, on...

May 15, 2012 1:43 PM

DTC Bill in Monsoon Session of Parl: Pranab

Finance Minister Pranab Mukherjee today said Direct Tax Code, DTC Bill will be introduced in the Monsoon session of Parliament. He stated this while introducing the Appropriation No-3 Bill 2012 along with the Finance Bill 2012 in the Rajya Sabha. The Finance Minister announced the roll back of the e...

May 15, 2012 11:57 AM

Sensex snaps losing streak; gains 118pts in noon trade

Snapping a six session losing streak, the BSE benchmark Sensex gained 118 points, a short while ago. Earlier, the 30-share barometer in its opening trade had lost 93 points, hitting 17-week lows in view of buying in capital goods, IT and banking counters despite selling in auto and realty counters. ...

May 15, 2012 11:28 AM

Rupee trading up 19p at 53.77 against US Dollar<br/>

The rupee today recovered by 19 paise to 53.77 against the US dollar in early trade after dipping to 54.13 rupees at the outset , largely on the back of selling of the American currency by some banks and exporters. The rupee had lost 33 paise to close at all-time low of 53.96 rupees against the doll...

May 15, 2012 10:02 AM

Sensex continues slide; trading down 93 pts at at 16,123

Continuing its slide for the sixth straight session, the BSE benchmark Sensex fell further by 93 points in opening trade today on continued selling by foreign funds amid concerns over rising inflation. The 30-share barometer, which has lost nearly 700 points in the previous five sessions, moved down...

May 15, 2012 9:30 AM

Sensex falls 77 pts to close at 16,216

Falling for the fifth-straight day today, the Sensex at the Bombay Stock exchange fell 77 points, or 0.5 percent, to 16,216. The Nifty at the National Stock Exchange slipped 21 points, or 0.4 percent, to 4,908.

May 15, 2012 9:23 AM

TRAI recommends financial support to BSNL

The Telecom Regulatory Authority of India, TRAI has recommended a financial support of 2,750 crore rupees to BSNL to sustain its rural wireline connections, installed before April, 2002. TRAI said in New Delhi yesterday that the amount of support may be 1,500 crore rupees for the first year and 1,25...

May 15, 2012 9:06 AM

TRAI limits ad duration on TV channels to 12 min/hr

The Telecom Regulatory Authority of India, TRAI has limited the duration of advertisements on Television channels to 12 minutes per hour. In a statement yesterday, the TRAI said that as per the Standards of Quality of Service Regulation 2012, any shortfall of advertisement duration in any clock hour...

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