Business

January 16, 2012 1:52 PM

Exports sectors robust continues growth

Exports and imports have registered increase narrowing the trade deficit. Talking to newsmen in New Delhi today, Commerce Secretary Rahul Khullar said that exports grew by 6.7 per cent year-on-year to $25 billion while imports have increased by 19.8 per cent to $37.8 billion in the month.This has le...

January 16, 2012 1:42 PM

Sensex recuperates in day trade

The Sensex at the Bombay Stock Exchange declined 65 points, or 0.4 per cent, to 16,090 in early trade today on moderate selling pressure, triggered by weakness in the other Asian bourses. Later, the Sensex trimmed its losses slightly to stand 37 points or 0.2 per cent in the red at 16,118 in afterno...

January 16, 2012 1:22 PM

Inflation will come down further: Pranab

The Government has expressed confidence that moderation in inflation will continue in the coming months. Finance Minister Mr. Pranab Mukherjee today said that the headline inflation would be between six and seven per cent by the end of March. Reacting to the decline in monthly inflation to 7.47 per ...

January 16, 2012 1:22 PM

Exports sectors robust continues growth

Exports and imports are on constant increase indicating good health of Indian economy. Talking to newsmen in New Delhi today Commerce Secretary Rahul Khullar said that exports grew by 6.7 per cent year-on-year to 25 billion US dollars while imports had increased by 19.8 per cent to 37.8 billion US d...

January 16, 2012 1:09 PM

Inflation calms down to 2-year low

Headline inflation fell to a two-year low of 7.47 per cent in December 2011, as against 9.11 per cent in November. It was 9.45 per cent in the same month in 2010, as measured by the Wholesale Price Index, WPI.According to official data released today, vegetables were cheaper by 34.18 per cent and wh...

January 16, 2012 11:55 AM

EU worries push Sensex 59 point down

The Sensex at the Bombay Stock Exchange, which fell by nearly 65 points in early trade today, stood at 59 points in the negative territory at 16,096 in late morning deals, when reports last came in. After gaining 117 points in the previous session on Friday, the 30-share BSE index declined by 65 poi...

January 16, 2012 11:34 AM

Rupee again weakens against dollar

The rupee declined by 22 paise to 51.74 rupees against the dollar in early trade today. The fall was due to the appreciation of the US currency against the euro and other currencies overseas.In the previous session on Friday, the local currency had gained 9 paise to close at a fresh 6-week high of 5...

January 16, 2012 10:00 AM

Oil rises over Nigerian concerns

Oil prices rose in Asian trade today as worries over supply disruptions in Nigeria outweighed concerns over the mass debt downgrade of eurozone nations.New York's main contract West Texas Intermediate crude for delivery in February, gained three cents to 98.73 dollars in morning trade. Bren...

January 16, 2012 9:59 AM

Sensex down 65 points in early trade

The BSE benchmark Sensex fell by nearly 65 points in early trade today on funds' selling triggered by a weakening trend on other Asian bourses after Standard and Poor's cut the rating of nine European nations.The 30-share BSE index, which gained 117.11 points in the previous sessio...

January 14, 2012 7:58 PM

EU officials criticise downgrade of Credit ratings

The top economic official of the European Union has criticised a decision by Standard and Poor's to downgrade the credit ratings of nine euro zone countries.Economic Affairs Commissioner Olli Rehn said the move was inconsistent as the euro zone was taking decisive action to end the debt cri...

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