Business

April 10, 2012 10:20 AM

Rupee trading at 51.10 against US $

The rupee rose marginally by 4 paise to 51 rupees and 10 paisa against the US dollar in early trade today on the Interbank Foreign Exchange market as the American currency weakened against the euro and some other currencies.The rupee had ended lower by 3 paise at 51 rupees 14 paisa against the dolla...

April 10, 2012 10:20 AM

Sensex up 48 pts; trading at 17,270

The BSE benchmark Sensex recovered by 48 points in early trade today, after two sessions of losses, on selective buying by funds and retailers at prevailing levels.The 30-share barometer, which has lost over 375 points in the past two sessions, rose by 48 points to 17,270, with IT, consumer durables...

April 10, 2012 9:00 AM

Multiple entry non-reporting visa soon to boost Indo-Pak trade

To boost bilateral trade, India and Pakistan will finalise a new visa agreement which will make it easier for certified businessmen from both sides to get a one-year multiple-entry non-reporting visa. Pakistani High Commissioner Shahid Malik said, this decision was taken at the meeting between India...

April 10, 2012 9:00 AM

Fin Min team to study common code for service & excise tax

The government has constituted a study team to examine the possibility of a common tax code for service tax and central excise, which could be adopted to harmonize the two legislations. The team, to be headed by a retired Indian Revenue Service officer MK Gupta, was constituted by the Finance Minist...

April 9, 2012 5:43 PM

Sensex plunges 264 points

Falling for the second straight session, the Sensex at the Bombay Stock Exchange lost 264 points - its biggest single-day loss in two weeks - to 17,222, on continued selling by funds, amid declining Asian markets, today. The Nifty at the National Stock Exchange dropped 89 points, or 1.7 per cent, to...

April 9, 2012 1:31 PM

Sensex stays down over 200 pts

The BSE benchmark Sensex maintaining its initial losses, stood in red by over 200 points in the afternoon trade due to sustained selling pressure from investors on profit booking amid weak cues from Asian equity markets.The 30 share index which had declined by 233 points to 17,252 in its previous se...

April 9, 2012 12:06 PM

China CPI growth rebounds to 3.6% in March

China's inflation rebounded to 3.6 per cent in March after logging a lower growth in February,triggering concerns over the country's ability to contain the rate of price rise. The National Bureau of Statistics (NBS) said today, the main gauge of inflation, China's consumer...

April 9, 2012 11:23 AM

Oil prices slide on weak US employment data

Oil prices slid in Asian trade today. New York's main contract, West Texas Intermediate crude for delivery in May, shed 1.21 dollars to 102.10 dollars per barrel. Brent North Sea crude for May settlement was down 1.08 dollars at 122.35 dollars in morning trade.

April 9, 2012 10:08 AM

Rupee opens down on global economic worries

The rupee declined by 26 paise to 51 rupees 37 paise against the dollar in early trade today on increased demand from importers for the American currency.In the previous session on Friday, the domestic currency had lost 39 paise to close below the 51-level at 51 rupees 11 paise against the dollar.

April 9, 2012 10:06 AM

Sensex loses 162 points in early trade

The BSE benchmark Sensex lost 162 points in opening trade today on continued selling by foreign funds amid weak trend on Asian bourses. The 30-share index, which lost 111 points in the previous session on Wednesday, moved down further by 162 points to 17,324 in the first five minutes of trading.The ...

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