Business

January 18, 2012 6:10 PM

Income Tax will launch special drive<br/>

The Income Tax Department will launch a special drive from Friday to verify high value transactions to catch tax evaders. During the drive taxes officials may visit the premises of assesses and enquire about their sources of income. According to an official press release issued in New Delhi today, t...

January 18, 2012 6:08 PM

Asian Markets ends mixed

Asian markets ended mixed, today, ahead of a key meeting between Greece and its creditors later in the day. Japan&apos;s Nikkei-225 rose 1%; and Hong Kong&apos;s Hang Seng index added 0.3%. But China&apos;s Shanghai Composite index lost 1.4%; Singapore&apos;s Straits Times Index shed...

January 18, 2012 6:07 PM

Gold rises by 35 rs

Gold rose for the third straight day, gaining 35 rupees, to 27,960 rupees per ten grams at Delhi&apos;s bullion market, today, on sustained buying by stockiest, in line with a firm global trend. Silver strengthened 475 rupees, to 53,200 rupees per kilo. In the global markets, gold advanced 1.5 p...

January 18, 2012 6:00 PM

Sensex closes with marginal loss of 15 points

Snapping three days of gains, the Sensex at the Bombay Stock Exchange closed with a marginal loss of 15 points, or 0.1 percent, at 16,451, on mild profit-booking, today. The Sensex had gained 428 points in the previous three trading sessions. The Nifty at the National Stock Exchange dropped 12 point...

January 18, 2012 2:22 PM

Rupee gains 16 paise to 50.57 against dollar

The rupee strengthened by 16 paise to a fresh two-month high of Rs 50.57 per US dollar in early trade today on increased foreign capital inflows. The rupee had surged by 64 paise to close at a two-monthhigh of Rs 50.74 against the American currency yesterday.

January 18, 2012 2:08 PM

Sensex flat in volatile afternoon trade

The Sensex at the Bombay Stock Exchange rose a modest 44 points, or 0.3 per cent, to 16,510 in early trade, today, on sustained buying by funds and retail investors. But later, the market turned volatile, and after moving in and out of the positive zone, the Sensex stood 11 points in negative territ...

January 18, 2012 12:54 PM

Sensex down in afternoon trade

The Sensex at the Bombay Stock Exchange, which rose by nearly 44 points in early trade today, stood 34 points in the negative territory at 16,431 a short while ago.Similarly, the wide-based National Stock Exchange Nifty index fell by 23 points to 4,944.In Asia, Hong Kong&apos;s Hang Seng Index r...

January 18, 2012 10:37 AM

Oil rises in Asian trade

Oil prices rose in Asian trade today. New York&apos;s main contract, West Texas Intermediate crude for delivery in February, gained 43 cents to USD 101.14 in Wednesday trade. Brent North Sea crude for March delivery was up 26 cents to USD 111.79.

January 18, 2012 10:31 AM

Rupee rises on foreign fund inflows

The rupee strengthened by 16 paise to a fresh two-month high of Rs 50.57 per US dollar in early trade today on increased foreign capital inflows. The rupee had surged by 64 paise to close at a two-monthhigh of Rs 50.74 against the American currency yesterday.

January 18, 2012 10:31 AM

Sensex gains 44 points in early trade

The BSE benchmark Sensex rose by nearly 44 points in early trade today on sustained buying by funds and retail investors. The 30-share index, which has gained over 428 points in the past three sessions, rose further by 43 points, or 0.26 per cent, to 16,509 points.The wide-based National Stock Excha...

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