Business

March 9, 2012 1:17 PM

Sensex trading up at 17,446 pts

The BSE benchmark Sensex was trading 300 points up at 17,446 points a shortwhile ago. It gained nearly 311 points in early trade today on emergence of buying by funds and retail investors at lower levels amid a firm trend in global markets. The wide-based National Stock Exchange index Nifty was also...

March 9, 2012 12:50 PM

Sensex in positive Zone at 17,476 pts

The Sensex at the Bombay Stock Exchange jumped 311 points, or 1.8 per cent, to 17,456 in early trade, today, on fresh buying by funds and retail investors at lower levels, amid firm global markets. Later, the Sensex remained firm, and stood 331 points, or 1.9 per cent in the positive zone, at 17,476...

March 9, 2012 12:34 PM

China says inflationary pressure on economy easing

China today said the inflationary pressure on its economy is easing as consumer price index, the main gauge of the rate of price rise, has dropped to 3.2 per cent in February, the lowest in 21 months. China's National Bureau of Statistics (NBS) announced in Beijing that the country&apos...

March 9, 2012 12:28 PM

Greek Pvt creditors to join multi-billion Euro Bond swap to reduce debt

Greece has announced that the vast majority of its private creditors have agreed to join a multi-billion Euro bond swap which will dramatically reduce the country's debt. The deal will see more than a hundred billion Euros of debt written-off but bond holders take losses of well over fifty ...

March 9, 2012 12:10 PM

Sensex trading up at 17,446pts

The BSE benchmark Sensex was trading 300 points up at 17,446 points a shortwhile ago. It gained nearly 311 points in early trade today on emergence of buying by funds and retail investors at lower levels amid a firm trend in global markets. The wide-based National Stock Exchange index Nifty was also...

March 9, 2012 12:09 PM

Oil prices up in Asian trade

Oil prices rose in Asian trade today on news that commitments to back a Greek debt swap had passed a key threshold. New York's main contract, West Texas Intermediate crude for delivery in April, gained 20 cents to 106.78 dollars per barrel while Brent North Sea crude also for April was up 1...

March 9, 2012 10:15 AM

Rupee trading at 49.34 against dollar

The rupee gained 34 paise to 49.94 rupees against the American currency on the Interbank Foreign Exchange market in early trade today on increased foreign fund inflows amid firm equity markets. The rupee had close at 50.29 against the dollar in the previous session on Wednesday amid reports of Reser...

March 9, 2012 10:14 AM

Sensex up 311pts in early trade

The BSE benchmark Sensex gained nearly 311 points in early trade today on emergence of buying by funds and retail investors at lower levels amid a firm trend in global markets. The wide-based National Stock Exchange index Nifty also moved up by 78.65 points to 5,299.10. In Asia, Hong Kong's...

March 9, 2012 10:10 AM

Greece to announce debt swap deal to avoid default today

The Greek government has indicated that it has secured sufficient backing for a debt swap deal that will enable it to avoid defaulting on its debts. A Greek official has said that more than 80 per cent of bondholders had agreed to the plan, above the threshold required for Athens to be able to push ...

March 8, 2012 2:29 PM

HPCL resumes oil supplies to Kingfisher Airlines

State-owned Hindustan Petroleum Corporation Ltd (HPCL) today resumed oil supplies to Kingfisher Airlines after the beleaguered airline agreed to pay for daily fuel off-take. HPCL, which is Kingfisher's biggest aviation fuel supplier, had stopped refuelling Vijay Mallaya-run airline at aroun...

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