Business

January 31, 2012 6:19 PM

Basu hopes inflation will come under 7 per cent

The Chief Economic Advisor, Kaushik Basu today expressed hope that inflation rate will come down soon to below 7 per cent. Presenting the outlook for the economy in 2012-13, he expected that this will help in accelerating the growth rate faster than the current year.Briefing media persons in New Del...

January 31, 2012 5:12 PM

Sensex surges 330 pts, closes at 17,194

The Sensex at the Bombay Stock Exchange rallied 330 points, or 2 percent, to again cross the 17,000 mark, and close at 17,194, on fresh buying by investors, amid rising Asian and European markets, today. The Nifty at the National Stock Exchange rose 112 points, or 2.2 percent, to 5,199. Stock market...

January 31, 2012 2:34 PM

Economic growth revised down to 8.4 pc

The Government on Tuesday revised the economic growth rate for 2010-11 financial year, slightly down to 8.4 per cent from the earlier estimate of 8.5 per cent.According to the Quick Estimates of economic growth, released by the Ministry of Statistics and Programme Implementation, the Gross Domestic ...

January 31, 2012 2:31 PM

Sensex gains 216 points in afternoon trade

The Sensex at the Bombay stock Exchange rose 184 points, to again cross the 17,000 mark, at 17,047 on Tuesday morning, on fresh by funds and retail investors.Later, in afternoon trade, the Sensex gained further ground, and stood 216 points, or 1.3 percent in positive territory, at 17,080 a short whi...

January 31, 2012 1:44 PM

Economic growth revised down to 8.4 pc

January 31, 2012 1:38 PM

Sensex gains 185 points in afternoon trade

The Sensex at the Bombay stock Exchange rose 184 points, to again cross the 17,000 mark, at 17,047 Tuesday morning, on fresh by funds and retail investors.Later, the Sensex remained steady, and stood 185 points, or 1.1 percent in positive territory, at 17,048 in afternoon deals, a short while ago.Ot...

January 31, 2012 12:53 PM

Sensex gains 181 points in the afternoon trade

Maintaining the upward trend, the Sensex at the Bombay Stock Exchange was trading 214 points in the positive territory at 17,077 in afternoon trade, when reports last came in. After losing more than 370 points in the previous session, the 30-share index had recovered by 184 points to 17,047, in the ...

January 31, 2012 12:29 PM

Sensex gains 181 points in the afternoon trade

The BSE benchmark Sensex, which recovered by 184 points in early trade on Tuesday, stood at 181 points in the positive territory at 17,044 in late morning deals, when reports last came in.After losing more than 370 points in the previous session, the 30-share index recovered by 184 points to 17,047,...

January 31, 2012 12:03 PM

Japan 's Industrial Output rebounds 4 percent<br/>

Japanese industrial production made a bigger than expected rebound in December, as manufacturers compensated for major floods in Thailand by boosting production in Japan .Government figures released on Tuesday showed that factory output rose by four per cent from November, when production took a hit...

January 31, 2012 11:20 AM

SBI opens two more branches in Saudi Arabia & Qatar

The State Bank of India, SBI, the country's largest and oldest bank, is set to further expand its operations in the West Asia region. The bank has opened its two new branches in Saudi Arabia and in Qatar. Mr. Hemant Contractor, the Managing director of SBI said, the Indian banking sector pl...

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