Business

January 23, 2012 9:54 AM

Sensex down 80 pts to 16,659 in early trade

The BSE benchmark Sensex declined by nearly 80 points in early trade today.The 30-share BSE index, which had gained over 287 points in the previous two sessions, declined by 79.69 points, or 0.47 per cent, to 16,659.32.In a similar fashion, the wide-based National Stock Exchange Nifty index shed 27p...

January 22, 2012 1:04 PM

PAC asks Air India to submit merger & fleet acquisition documents

Parliament's Public Accounts Committee, PAC has asked Air India to submit all documents related to its merger and fleet acquisition within a week.Top officials of Air India and erstwhile Indian Airlines faced some tough questioning by the Parliamentary panel which also slammed them over com...

January 21, 2012 2:02 PM

Nation celebrates Oil conservation fortnight<br/>

Oil conservation fortnight is in progress across the country. It aims to create awareness among the masses about the urgency of conserving of petroleum products.During this fortnight, the entire oil industry undertakes various kinds of activities to emphasise the need of the conservation of petroleu...

January 21, 2012 2:01 PM

Small savings interest rates will remain fixed: RBI

The Reserve Bank of India (RBI) has clarified that interest rates on small savings schemes, except the PPF, will remain fixed throughout the term of schemes. In a circular, RBI said interest rate for small savings will be declared on April 1 every year and will remain valid till the maturity of the ...

January 20, 2012 5:32 PM

Sensex rises 95 pts, closes at 16,739

The Sensex at the Bombay Stock Exchange gained 95 points, or 0.6 percent, to 16,739, today, on sustained FII buying, after some better than expected third quarter corporate results, and firm Asian markets. The Nifty at the National Stock Exchange rose 30 points, or 0.6 percent, to 5,049. Stock marke...

January 20, 2012 4:36 PM

'Mere filing of IEM is not a clearance of approval'

The Government today clarified that the onus for compliance of legal provisions lies on entrepreneurs, even in industries which are exempted from licensing.A press release issued in New Delhi by the Ministry of Commerce and Industry said, mere filing of Industrial Entrepreneurs Memorandum (IEM) even...

January 20, 2012 2:05 PM

Sensex gains 78 points in afternoon trade

The Sensex at the Bombay Stock Exchange climbed 116 points, or 0.6 per cent, to 16,760 in early trade, today, on sustained buying by funds and retail investors, supported by falling inflation, and encouraging quarterly results by corporate. Afterwards, the Sensex pared some of it initial gains, to s...

January 20, 2012 12:45 PM

Mixed oil prices witnessed in Asian trade

Oil prices were mixed in Asian trade today as traders weighed news of weakening demand for petrol in the United States and a delay in an Iranian oil embargo by the European Union. New York&apos;s main contract crude for delivery in February, gained five cents to 100.44 dollar a barrel in morning...

January 20, 2012 10:12 AM

Rupee rises by 5 paise in early trade

The rupee rose marginally by 5 paise in early trade today, to trade at a fresh over two-month high of 50 rupees 20 paise against the dollar. In the previous session yesterday, the domestic currency had surged by 13 paise to close at 50 rupees 25 paise against the dollar.

January 20, 2012 10:11 AM

Early trade sees Sensex surging by 116 pts

The BSE benchmark Sensex surged by 116 points in early trade today, on sustained buying by funds and retail investors, supported by encouraging quarterly earnings by corporates. The 30-share BSE index, which had gained over 192 points in the previous session, rose by another 116 points, or 0.56 per ...

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