Business

December 29, 2011 9:27 PM

Air India to issue Rs 7500 cr worth of shares to its bankers<br/>

National carrier Air India has approved a proposal to issue preferential shares worth 7,500 crore rupees to its lenders following significant rise in its yields and passenger revenue.According to official sources, the Board, at its meeting in New Delhi approved the rearrangement of authorized share ...

December 29, 2011 8:58 PM

Sensex loses 184 points to reach 15,544

Falling for the third straight session, the Sensex at the Bombay Stock Exchange lost 184 points, or 1.2 percent, to 15,544, on Thursday. The Nifty at the National Stock Exchange slipped 60 points, or 1.3 percent, to 4,646.Stock markets in Japan, Hong Kong and China, ended mixed on Thursday.

December 29, 2011 5:54 PM

Asian stock markets end mixed

Asian markets ended mixed on Thursday. Japan&apos;s Nikkei shed 0.3 per cent and Hong Kong&apos;s Hang Seng fell 0.6 per cent . But China&apos;s Shanghai Composite index edged up 0.2 per cent and South Korea&apos;s Kospi and Singapore&apos;s Strait Times index ended with marginal...

December 29, 2011 5:54 PM

Gold lost Rs 540 to Rs 27340 per ten grams

Gold lost 540 rupees to 27,340 rupees per ten grams in Delhi&apos;s bullion market, on Thursday, on weak global cues. Silver plummeted 3,100 rupees to close below 50,000 rupee-mark at 49,100 rupees per kilo on poor industrial demand.In New York, gold fell for the sixth day, dropping 1.1 per cent...

December 29, 2011 4:42 PM

Sensex sheds 184 points

Falling for the third straight session, the Sensex at the Bombay Stock Exchange lost 184 points, or 1.2 percent, to 15,544, on Thursday. The Nifty at the National Stock Exchange slipped 60 points, or 1.3 percent, to 4,646.Stock markets in Japan, Hong Kong and China, ended mixed on Thursday.

December 29, 2011 2:40 PM

Food Inflation plunges to six-year low

Food Inflation fell sharply to a six-year low of 0.42 per cent in theweek ended December 17th.As measured by the Wholesale Price Index, Food inflation stood at 1.81per cent in the previous week. It was recorded at 15.48 per cent inthe corresponding week of 2010. According to official data released t...

December 29, 2011 2:16 PM

Rupee tanks 48 paise to 53.45 against US $

The Indian rupee plummeted by 48 paise to 53 rupees 45 paise againstthe US dollar in early trade today.The fall was due to sustained month-end demand for the Americancurrency from importers and some banks, amid weakness in the domesticstock market.The domestic currency had closed 5 paise higher at 5...

December 29, 2011 2:16 PM

Sensex 56 pts low at 15,671 in afternoon trade

Maintaining the downward trend, the Sensex at the Bombay StockExchange was trading over 50 points in the negative territory inafternoon trade today.It was trading 56 points in the red at 15,671 when reports last camein. After losing more than 240 points in the past two tradingsessions, the 30-share ...

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