Business

May 4, 2012 2:20 PM

India reviewing tax treaty with Mauritius

The government is considering a review of India's tax treaty with Mauritius to raise inflows of Foreign Direct Investment through that country. In reply to a question in the Lok Sabha today, Minister of State for Finance S.S. Palanimanickam said a substantial percent of foreign investment i...

May 4, 2012 1:59 PM

Sensex drops more than 300pts to slip below 17,000 in noon trade

The Sensex at the Bombay Stock Exchange declined 84 points, to 17,067 in early trade, today, on sustained selling by funds and retail investors, triggered by some disappointing corporate earnings, and weak regional bourses.Later, selling pressure intensified, and the Sensex lost considerably more gr...

May 4, 2012 1:49 PM

Sensex in negative territory; trading 303pts down

The Sensex at the Bombay Stock Exchange declined 84 points, to 17,067 in early trade, today, on sustained selling by funds and retail investors, triggered by some disappointing corporate earnings, and weak regional bourses.Later, selling pressure intensified, and the Sensex lost considerably more gr...

May 4, 2012 1:15 PM

Sensex down by more than 200pts; trading at 16,922pts<br/>

The BSE benchmark Sensex was trading 229 points down at 16,922 points a shortwhile ago. Senex declined by over 84 points in early trade today. The 30-share barometer lost almost 168 points in the last two trading days.Similarly, the broad-based National Stock Exchange Nifty index was also trading 74...

May 4, 2012 12:01 PM

Oil bounces back in Asian trade

Oil prices bounced back in Asian trade today from the previous day&apos;s sharp losses.New York&apos;s main contract crude for delivery in June, was up 13 cents to 102.67 dollar per barrel. Brent North Sea crude also for June gained 17 cents to 116.25 dollar in morning trade.

May 4, 2012 12:01 PM

Sensex down; trading at 17,028

The BSE benchmark Sensex was trading 123 points down at 17,028 points a shortwhile ago. Senex declined by over 84 points in early trade today. The 30-share barometer lost almost 168 points in the last two trading days.Similarly, the broad-based National Stock Exchange Nifty index was also trading 39...

May 4, 2012 11:32 AM

Rupee hits low of 53.72 against dollar

The rupee depreciated by 31 paise to trade at a more than four month low of 53.72 rupees against the dollar in early trade on the Interbank Foreign Exchange market today due to increased demand for the American currency from importers.The rupee had lost a hefty 45 paise to close at a four-and-a-half...

May 4, 2012 9:51 AM

Sensex down 84pts in early trade

The BSE benchmark Sensex declined by over 84 points in early trade today .The 30-share barometer, which has lost almost 168 points in the last two trading days, moved down further by 84.35 points, or 0.49 per cent, to 17,066.84.Similarly, the broad-based National Stock Exchange Nifty index declined ...

May 3, 2012 8:36 PM

India aims at doubling its global trade share by 2014<br/>

India has taken several initiatives to ensure the growth of its global trade despite the economic slowdown around the world. Replying to the debate on the Demands of Grants of his Ministry, Commerce and Industry Minister Anand Sharma said in the Lok Sabha today that India has set a target of doublin...

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