Oil extends losses in Asian trade

Oil prices extended losses in Asian trade today, 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 psyc...

Sensex plunges 290 points in early trade

The BSE benchmark Sensex plunged nearly 290 points in early trade today, extending losing streak for the fourth straight session, on sustained selling by funds amid a weak trend on other Asian bourses.The 30-share barometer, which had lost over 488 points in the last three sessions, plunged further ...

ADB to provide $ 6.25 billion assistance to India

The Asian Development Bank, ADB, will provide an assistance of 6.25 billion US Dollars to India over the next three years for various projects, including those in the energy and education sectors. The other key areas are transport, energy urban development, agriculture, natural resource management a...

Pranab takes over as Chairperson of ADB Board of Governors at Manila

Pranab takes over Chair of Board of Governors of ADB

Pranab takes over Chair of Board of Governors of ADB

US-based ICAC: Global cotton trade expected to jump 13% this yr

The US-based International Cotton Advisory Committee (ICAC) said in a statement that global cotton trade is expected to jump 13 per cent to 8.6 million tonne this year due to record Chinese imports. The statement said China will account for 52 per cent of global imports this season . It further said...

Sensex falls 320 pts

Falling for the third straight session, the Sensex at the Bombay Stock Exchange plunged 320 points, or 1.9 percent, to close below the 17,000 level, at 16,831--its lowest level since January 30. The Sensex fell on heavy selling by foreign funds, amid a weak rupee, and subdued regional bourses. The N...

FinMin: Volatility in global commodity prices reponsible for rupee depreciation

Gold rises to record high of <img src="rs.png" border="0" height="10"> 29750

Gold prices rose by 55 rupees to touch fresh all-time high of 29,750 rupees per 10 grams in the bullion market in Delhi today. The rise in on the back of sustained buying from stockists and investors even though the metal declined in global markets. Silver, on the other hand, remained under selling ...