Oil prices dip in Asia<br/>

Oil prices dipped in Asian trade today over concerns that a possible spike in US crude inventories signaled declining demand in the world&apos;s biggest economy. New York&apos;s main contract, West Texas Intermediate crude for delivery in May, shed 45 cents to 106.88 dollars per barrel while...

Rupee declines by 27 paise against dollar

The rupee today declined by 27 paise to 50.96 against the US dollar on the Interbank Foreign Exchange market in early trade, due to increased demand for the American currency from importers.Traders said, apart from the dollar&apos;s gains against other currencies overseas, a weak opening in the ...

Sensex declines by over 106 pts in early trade

The BSE benchmark index Sensex today declined by over 106 points in early trade, as funds and retail investors booked profits after on Tuesday&apos;s gains amid a weakening trend on other Asian bourses. The 30-share index, which had gained over 204 points on Tuesday, fell by 0.62 per cent, to 17...

SBI hikes fixed deposit rates by upto 1%

Country&apos;s largest lender SBI today raised fixed deposit rates on select maturities by up to 1 per cent, amid tight liquidity situation. Fixed deposits with maturity period of 7 to 90 days will earn eight per cent interest against existing seven per cent. The SBI said in a statement that the...

US sees huge business potential in emerging Indian cities

The US today said, it has asked its companies to explore business and partnership opportunities in emerging Indian cities, which hold huge economic potential. US Commerce Secretary John Bryson, who is in the country on a five-day official visit, said in the next 20 years, 68 cities in India would ha...

SBI hikes fixed deposit rates by upto 1%

Country&apos;s largest lender SBI today raised fixed deposit rates on select maturities by up to 1 per cent, amid tight liquidity situation. Fixed deposits with maturity period of 7 to 90 days will earn eight per cent interest against existing seven per cent. The SBI said in a statement that the...

Sesnex rises 205 pts

The Sensex at the Bombay Stock Exchange rose 205 points, or 1.2 percent, to 17,257, on fresh buying by investors, amid market reports of some clarifications on taxing foreign investors, and rising global markets, today. The Nifty at the National Stock Exchange gained 59 points, or 1.1 percent, to 5,...

Itanagar to have RBI Branch soon

US seeks role in India's infrastructure devpt: Commerce Secy Bryson

The US has sought an enhanced partnership with India in infrastructure development in the country. Addressing Indo-American Chamber of Commerce in New Delhi today, the visiting US Commerce Secretary John Bryson said that American businessmen want to play a role in India&apos;s trillion dollar co...

Multi-pronged strategy for crude exploration & production

The government has adopted a multi-pronged strategy to provide momentum to exploration and production of crude oil in the country. The Minister of State for Petroleum and Natural Gas, Mr R P N Singh said in a written reply in the Rajya Sabha that the government is also setting up of the underground ...