Business

March 30, 2012 5:04 PM

Sensex surges 346 pts<br/>

The Sensex at the Bombay Stock Exchange surged 346 points, or 2 percent, to 17,404, today, after the government issued a clarification on Participatory Notes, and as European markets rose. The Nifty at the National Stock Exchange climbed 117 points, or 2.3 percent, to 5,296. Stock markets in Japan, ...

March 30, 2012 2:27 PM

P-Notes holders not liable to pay tax in India: Pranab

Finance Minister Pranab Mukherjee today said that persons investing in stock markets through participatory notes, P-Notes, will not have to pay taxes in India. The assurance pushed up the stock market today. He told reporters in New Delhi that the Minister said, the income tax department would exami...

March 30, 2012 2:26 PM

Air India employees call off strike threat

Air India&apos;s employees today called off the strike threat from Monday with the ailing national carrier promising to clear all their salary and other dues by June. Talking to reporters after a meeting with union representatives in New Delhi, Air India CMD Rohit Nandan said that they have give...

March 30, 2012 1:43 PM

Sensex up 298 pts in afternoon deals

The Sensex at the Bombay Stock Exchange rose 157 points, or 0.9 per cent, to 17,216 in early trade, today, on fresh buying by funds and retail investors, at attractive lower levels. Later, the Sensex gathered considerably more steam, to stand a solid 298 points, or 1.8 per cent in positive territory...

March 30, 2012 1:40 PM

Sensex trades up 278 points

The BSE benchmark Sensex was trading 278 points up at 17,337 points a shortwhile ago. It recovered by over 157 points in early trade today on fresh buying by funds and retailers. The 30-share barometer had lost almost 200 points in the past two sessions. The wide-based National Stock Exchange index ...

March 30, 2012 1:32 PM

SBI extends its business hours for tomorrow

State Bank of India has extended its business hours for tomorrow. All the branches of the Bank will remain open up to 5 pm for business transactions. SBI has requested the customers to complete their banking transactions well in time.Extra time has been granted as all branches of bank will remain cl...

March 30, 2012 1:00 PM

Rupee up by 23 paise against dollar in early trade

The rupee appreciated by 23 paise to 51.17 against the US dollar in early trade today on the Interbank Foreign Exchange market as the American currency fell against the euro and other currencies overseas. Dealers said that besides gains in euro and other currencies against the US dollar, a higher op...

March 30, 2012 12:52 PM

Core industries grow by 6.8 pc in Feb

The eight core industries expanded by 6.8 per cent in February, against 6.4 per cent in the same period last year, on healthy growth in coal, electricity and cement production.The infrastructure industries had grown by just 0.5 per cent in the previous month.According to the provisional data release...

March 30, 2012 12:47 PM

SBI extend its business hours for tomorrow by one hour

State Bank of India has extended its business hours for tomorrow by one hour. All the branches of the Bank will remain open till 5 pm for business transactions. SBI has requested the customers to complete their banking transactions well in time. Extra time has been granted as all branches of bank wi...

March 30, 2012 12:30 PM

Sensex trades up 195 points

The BSE benchmark Sensex was trading 195 points up at 17,253 points a shortwhile ago. It recovered by over 157 points in early trade today on fresh buying by funds and retailers.The 30-share barometer had lost almost 200 points in the past two sessions. The wide-based National Stock Exchange index N...

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