Sensex trades 53 pts up

The BSE benchmark Sensex, shedding its initial gains, is trading 53 points up at 17,867. Though, Sensex shot up by over 227 points in the early trade today on a sustained buying by funds and retail investors amid positive cues from global markets.The wide-based National Stock Exchange index Nifty mo...

Over 30% increase in housing facility across country

There is over 30 percent increase in the housing facility across the country.In 2001 there were 25 crore houses which has risen to 33 crores in 2011.According to the socio-economic census released by the Home Secretary R.K.Singh in New Delhi on Tuesday number of houses have increased from 25 crores ...

Oil prices slip in Asia today

Oil prices slipped in Asian trade today as investors took profits from recent gains, although upbeat economic data and Middle East tensions provided some support. New York's main contract, light sweet crude for delivery in April was down one cent at 106.70 dollars per barrel and Brent North...

Rupee up by 8 paise against dollar

The rupee strengthened by 8 paise to 49.85 rupees per dollar in the opening trade on the Interbank Foreign Exchange today on increased foreign capital inflows.Dealers said higher opening in local equities amid sustained foreign fund inflows supported the rupee.on Tuesday, the rupee had ended margina...

Sensex surges 227 pts in early trade

The BSE benchmark Sensex shot up by over 227 points in early trade today on a sustained buying by funds and retail investors amid positive cues from global markets.The wide-based National Stock Exchange index Nifty moved up by 69.90 points to 5,499.40.Meanwhile, in Asia, Hong Kong's Hang Se...

US, EU, Japan files WTO case against China over "rare earth"<br/>

The U.S., Japan and the 27-nation EU today filed a complaint against China with the World Trade Organization in Geneva over unfairly limiting its exports of so-called &quot;rare earth&quot; minerals. They alleged that China, which controls 95 percent of the world&apos;s supply of rare ea...

BRICS economies will play dominant role in global trade, say experts

Experts say the economies of BRICS group of countries-Brazil, Russia, India, China and South Africa will play an increasingly dominant role in global trade. Fabiano Mielniczuk, research coordinator at the BRICS Policy Center said in Abu Dhabi that BRIC nations will be major drivers of the global eco...

The Finance Ministry today said that non-performing assets (NPAs) in the banking sector, do not indicate any systemic vulnerability. In a written reply to the Rajya Sabha, Minister of State for Finance, Namo Narain Meena said, overall trends in NPAs presently do not indicate any systemic vulnerabili...

Sensex gains 226 pts

Rising for the third straight session, the Sensex at the Bombay Stock Exchange gained a good 226 points, or 1.3 percent, to 17,814, today, as indications of higher advance tax payout by corporates, and firm global markets boosted investor sentiment. The 30-share Sensex had climbed more than 440 poin...

SBI has no plan to provide fresh loan to kingfisher airlines: FM

The Finance Minister Pranab Mukherjee today said that State Bank of India has no plan to provide fresh loan to the cash-strapped Kingfisher Airlines. In a written reply to the Rajya Sabha, Mr Mukherjee said, SBI has informed that currently there is no such plan to provide additional loan to Kingfish...