Business

May 8, 2012 11:10 AM

Ethiopia to host WEF meet on Africa tomorrow

The three-day meeting of the World Economic Forum on Africa is to be held from tomorrow in the Ethiopian capital, Addis Ababa. Some 700 leaders from over 70 countries are schedule to attend the conference. Under the theme "Shaping Africa's Transformation", the meeting is e...

May 8, 2012 11:04 AM

Implementation of GAAR deferred till April next year: Finance Minister

Finance Minister Pranab Mukherjee has announced deferment of implementation of the budget proposal of the General Anti-Avoidance Rules or GAAR till April 2013. He said this during his opening remarks on the discussion of Finance Bill 2012 in the Lok Sabha yesterday. Mr. Mukherjee also clarified that...

May 8, 2012 10:34 AM

Sensex down 59pts in early trade

The BSE benchmark index Sensex fell by 59 points in early trade today as investors booked profits after yesterday's gains. The 30-share index, which had gained 82 points in the yesterday's highly volatile session, moved down by 59 to 16,854 points in early trade.Similarly, the wide...

May 8, 2012 10:02 AM

Oil extends losses in Asian trade

Oil prices extended losses in Asian trade on Monday, as French and Greek election results stoked investor concerns over the eurozone debt crisis, while disappointing US economic data also weighed. New York's main contract, West Texas Intermediate crude for delivery in June stayed below the ...

May 8, 2012 9:55 AM

Europe polls give world markets jitters

Uncertainty is gripping world financial markets after elections in Greece and France raised concerns about the future of austerity measures to help rescue Europe's debt-ridden governments and its ailing economies. Key Asian markets fell sharply yesterday with Japan's Nikkei index c...

May 7, 2012 4:57 PM

Sensex gains 82 pts to close at 16,913

Recovering smartly from early lows, the Sensex at the Bombay Stock Exchange closed 82 points, or 0.5 percent higher, at 16,913, after the government deferred implementation of the General Anti-Avoidance Rules by one year. The 30-share Sensex had lost almost 490 points in the previous three trading s...

May 7, 2012 4:53 PM

Gold, silver tumbles on global cues, sluggish demand<br/>

Both the precious metals, gold and silver tumbled in Delhi today on heavy sell-off by stockists in tandem with a weakening global trend. While gold dropped by 120 rupees to 29,620 rupees per 10 gm, silver lost 550 rupees to 55,700 rupees per kilogram on reduced off take by retailers and industrial u...

May 7, 2012 4:53 PM

Gold, silver tumbles on global cues, sluggish demand<br/>

Both the precious metals, gold and silver tumbled in Delhi today on heavy sell-off by stockists in tandem with a weakening global trend. While gold dropped by 120 rupees to 29,620 rupees per 10 gm, silver lost 550 rupees to 55,700 rupees per kilogram on reduced off take by retailers and industrial u...

May 7, 2012 1:45 PM

Sensex losses 490 points in last three trading sessions

The Sensex at the Bombay Stock Exchange plunged 290 points to 16,541 in early trade, today, on sustained selling by foreign funds, amid weak Asian bourses. Later, the Sensex trimmed its losses, to stand 195 points in the red, at 16,636 in afternoon deals, a short while ago. The 30-share Sensex had l...

May 7, 2012 11:13 AM

Rupee depreciates by 13 paise to 53.60 rs per dollar

The rupee depreciated by 13 paise to 53.60 rupees per dollar on the Interbank Foreign Exchange in early trade.The rupee had lost six paise to close at 53.48 rupees against the dollar in the previous session on Friday.

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