Current economic woes in US would not lead to protectionism: Ranjan Mathai

India on Tuesday expressed the hope that the current economic woes in the US would not lead to protectionism and said that concerns of the Indian IT industry over anti-outsourcing measures announced by President Barack Obama recently, will be addressed quickly. Foreign Secretary Ranjan Mathai, on hi...

EGoM decides to allow export of one million tonnes of sugar

The Empowered Group of Ministers, EGoM has decided to allow further export of one million tonnes of sugar in view of surplus production and reduce export price of basmati rice to 700 US dollar a tonne from 900 US dollar. The decision to this effect was taken at an EGoM meeting held in New Delhi this...

Sensex sheds 85 pts, closes at 17,622

Snapping a five-day rally, the Sensex at the Bombay Stock Exchange lost 85 points, or 0.5 percent, to 17,622, today, on profit-booking by investors, after a low economic growth forecast for this fiscal, and subdued global markets. The Nifty at the National Stock Exchange fell 27 points, or 0.5 perce...

Sensex loses early gains; up by 78 points

The Sensex at the Bombay Stock Exchange rose 121 points, or 0.7 per cent, to 17,829 in early trade, this morning, on continued buying by funds and retail investors, amid a mixed trend in the other Asian markets. But the Sensex later trimmed its initial gains, to stand a more modest 78 points, or 0.4...

Rupee up by 11 paise against dollar

At the inter-bank foreign exchange market, the rupee strengthened by 11 paise, to 48.94 against the dollar, in early trade, today, on continued capital inflows and the dollar's fall against major world currencies, overseas.Dealers said increased foreign funds inflows and euro's gai...

Sensex loses early gains; up by 25 points

The BSE benchmark Sensex which rose by 121 points in opening trade lost its early gain and was trading up by 25 points at 17,733, a short while ago.The 30-share index had gained nearly 844 points in the last five sessions. The wide-based Nifty of the National Stock Exchange was trading up 10 points ...

Growth projection lowered to 6.9% for 2011-12

The economic growth is likely to be around 6.9 per cent in 2011-12. It was 8.4 per cent in the last fiscal. Government data says this is mainly due to sharp slowdown in manufacturing, agriculture and mining sectors. The Central Statistical organization's, CSO, growth projection is a tad low...

Growth projection lowered to 6.9% for 2011-12

Sensex loses early gains; up by 44 points

The BSE benchmark Sensex which rose by 121 points in early trade lost its early gain and was trading up by 44 points at 17,752, a short while ago.The 30-share index had gained nearly 844 points in the last five sessions. The wide-based Nifty of the National Stock Exchange was trading up 12 points at...

Oil prices up in Asian trade today

Oil prices up in Asian trade today. With a lingering cold snap in Europe spurring Brent prices while bargain hunters snapped up cheaper US crude. New York's main contract, West Texas Intermediate light sweet crude for delivery in March, gained 35 cents to 97.26 dollars a barrel and Brent No...