Recovery mode, Sensex rises 92 points

Recovering from early losses, the Sensex at the Bombay Stock Exchange rose 92 points, or 0.6 per cent, to 15,963 in afternoon trade, a short while ago.Earlier in the morning, however, the Sensex had lost 61 points, or 0.4 per cent, to 15,809 in the first few minutes of trade, on domestic growth conc...

Economy will come back on growth track: Pranab

Finance Minister Pranab Mukherjee today said that Indian Economy has the resilience to bounce back to higher growth rate. Talking to reporters outside Parliament, Mr. Mukherjee said environment of political instability was responsible for the slow down in the economy. He added that the Government wa...

Oil prices in Asia see mixed trends

Crude oil prices were mixed in Asia today. New York's main contract, light sweet crude for delivery in January, was up eight cents to 97.85 dollar a barrel. Brent North Sea crude also for January delivery shed six cents to 107.20 dollar.

Sensex 24 points down in afternoon trade

Rupee touches historic low against dollar

The Indian rupee dropped 56 paise to a historic low of Rs 53.40 per US dollar in early trade today. The rupee resumed lower at Rs 53.11 per dollar on the Interbank Foreign Exchange, as against its previous close of Rs 52.85 per dollar, and dropped further to an all-time low of Rs 53.40 per dollar be...

Lok Sabha nod to tougher law on oil misuse

The Lok Sabha has passed the amendments to the Petroleum and Minerals Pipelines (Acquisition of Right of User in Land) Act, 1962. The amended legislation provides for deterrent punishment to the culprits.Replying to the discussion, the Minister of State for Petroleum and Natural Gas Mr. R.P.N. Singh...

Rupee an all-time low against dollar

The Indian Rupee tumbled by 35 paise to an all-time low of Rs 53.29 per US dollar in early trade. The domestic currency had tumbled by 81 paise to close at a record low of Rs 52.85 per dollar in the previous session on strong demand for the American currency and strengthening of the dollar against i...

Sensex sheds 61 points

LS nod to tougher law on oil misuse

The Lok Sabha has passed the amendments to the Petroleum and Minerals Pipelines (Acquisition of Right of User in Land) Act, 1962. The amended legislation provides for deterrent punishment to the culprits.Replying to the discussion, the Minister of State for Petroleum and Natural Gas Mr. R.P.N. Singh...

S&Ps reviews ratings for 50 West Asia Banks

The International credit rating agency, Standard & Poor's (S&P's), is reviewing the ratings of 50 banks in the West Asia on the basis of a new set of rating criteria.In S&P's recently revised Banking Industry Country Risk Assessments (Bicras), Bahra...