Business

March 27, 2012 11:06 AM

Sensex up in early morning trade

The BSE benchmark index Sensex todayrebounded by over 177 points in early trade today. The 30-share BSE index, which had lost almost 309 points yesterday, rallied by 177.56 points, or 1.01 per cent, to 17,230.34.The wide-based National Stock Exchange index Nifty moved up by 48.80 points, or 0.94 per...

March 27, 2012 10:41 AM

Oil prices mixed in Asian trade

Oil prices were mixed in Asian trade today after the US central bank chief signalled that its easy monetary policy will be kept in place despite recent strong jobs data. Concerns over dampening Chinese demand as well as global supply inventories also weighed on the market. New York's main c...

March 27, 2012 10:11 AM

Rupee trading at 51.13 against US dollar

The rupee today gained 14 paise to51.13 against the US dollar on the Interbank Foreign Exchange market in early trade.The rupee had lost 10 paise to close at nearly 10-week low of 51 rupees 28 paise against the dollar yesterday, following weak stock markets and sustained demand for the Greenback fro...

March 27, 2012 10:09 AM

Sensex up in early morniong trade

The BSE benchmark index Sensex todayrebounded by over 177 points in early trade today. The 30-share BSE index, which had lost almost 309 points yesterday, rallied by 177.56 points, or 1.01 per cent, to 17,230.34.The wide-based National Stock Exchange index Nifty moved up by 48.80 points, or 0.94 per...

March 26, 2012 8:40 PM

2G license cancellation: No impact on public sector banks, says Govt

The government says cancellation of 2G licences by the Supreme Court last month did not have any material impact on public sector banks. Minister of State for Finance Namo Narain Meena said in a written reply to the Lok Sabha today that the cancelled licences represent certain circle or areas only. ...

March 26, 2012 7:34 PM

Centre raises interest rates on postal MIS, PPF scheme<br/>

The government on Monday raised interest rates on post office-operated small savings like Monthly Income Scheme (MIS) and Public Provident Fund (PPF) by up to 0.5 per cent. The objective is to make them more attractive to investors. An official release said interest rates on time deposits of one and...

March 26, 2012 6:43 PM

Indian Forest Amendment Bill, 2012 introduced in RS

Forest and Environment Minister Jayanti Natrajan introduced the Indian Forest Amendment Bill, 2012 in the Rajya Sabha today.The Bill proposes to insert a new sub-section in section 68 of the Indian Forest Act, 1927 to make it mandatory for the Forest officer to obtain and record the news of Gram Sab...

March 26, 2012 6:04 PM

Funds selling pull Sensex down by 309 points

The Sensex at the Bombay Stock Exchange on Monday plunged 309 points, or 1.8 percent, to a two-month low of 17,053 on heavy selling by funds. The Nifty at the National Stock Exchange slid 94 points, or 1.8 percent, to 5,184.

March 26, 2012 2:15 PM

Eurozone must hold together: Angela Merkel

The German Chancellor Angela Merkel has said that the Eurozone must hold together. Speaking to BBC, the German leader said it would be a huge political mistake if debt-stricken Greece was allowed to leave the Eurozone. She said Germany will do everything it could to keep the eurozone together. She a...

March 26, 2012 1:57 PM

Sensex loses 218 pts

The Sensex at the Bombay Stock Exchange lost 218 points, or 1.3 per cent to 17,143 in intra-day trade today. The Nifty of the National Stock Exchange slipped 68 points, or 1.3 percent to 5,211.

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