Sensex declines 100 points on profit-booking

Snapping a four-day rally, the Sensex at the Bombay Stock Exchange declined 100 points, or 0.6 percent, to 17,705, on profit-booking by investors, amid falling Asian and European markets, today. The Sensex had gained over 1,000 points in the past four trading sessions. The Nifty at the National Stoc...

Key infrastructure industries growth slows down to 2.3 % in September

Growth of key infrastructure industries has slowed down to 2.3 per cent in September this year from 3.3 per cent a year ago. According to the data released by the Finance Ministry today, the cumulative growth rate from April to September this fiscal stood at 4.9 percent as against 5.6 percent during...

The outgoing European central Bank, ECB, president, Jean-Claude Trichet, has said that it is absolutely normal for the European rescue fund to try to find more money. The president of the European Central Bank has denied that eurozone countries are going cap in hand to China. On the eve of his depar...

Govt may hike 51% FDI cap in single brand retail<br/>

Government is seriously considering extending the Foreign Direct Investment, FDI in Single Brand Retail beyond 51 per cent. This was revealed by Commerce Minister Anand Sharma while addressing a function in New Delhi today. He said that India is a favourable destination of foreign investment and wil...

Crude prices higher in Asian trade

Crude prices were higher in Asian trade today as the market continued to be cheered by Europe &apos;s debt rescue promise. New York &apos;s main contract, light sweet crude for delivery in December, gained 14 cents to 93.46 dollars per barrel. Brent North Sea crude for December delivery rose...

Rupee depreciates by 12 paise

The Indian rupee lost 12 paise to 48.88 rupees per US dollar in early trade on the Interbank Foreign Exchange today amid appreciation of the US currency against other major rivals overseas and a lower opening in the domestic equity market.The rupee posted its biggest jump in the last 17 months by ga...

Sensex shoots up by 619 points

The BSE benchmark Sensex shot up by over 619 points in the opening trade today on brisk buying by foreign funds, triggered by easing euro-zone debt crisis and indications by the RBI that it may pause rate hikes. The 30-share index, which had gained over 500 points in the last three sessions, skyrock...

Sensex shoots up by 619 points

The BSE benchmark Sensex shot up by over 619 points in the opening trade today on brisk buying by foreign funds, triggered by easing euro-zone debt crisis and indications by the RBI that it may pause rate hikes. The 30-share index, which had gained over 500 points in the last three sessions, skyrock...

SAIL holds talks with Railways to set up Metro Rail coach factory in WB

Public sector Steel Authority of India Ltd, SAIL is holding talks with Railways to set up a Metro Rail coach factory in West Bengal. This was disclosed by the SAIL Chairman C S Verma in a statement. The West Bengal government has suggested Singur as a site for the same. Chief Minister Mamata Banerje...

New Delhi says it will support multilateral efforts to tackle Eurozone debt crisis

Deputy Chairman of the Planing commission Montek Singh Ahluwalia says, India will be supportive of any reasonable multilateral efforts to further tackle the sovereign debt crisis in Eurozone. Welcoming the recent Eurozone plan to stabilize debt ridden Greece, he said the Eurozone crisis is a global ...