Business

October 27, 2011 9:45 PM

Rice procurement crosses mark of 341 lakh metric tonnes

The Procurement of rice has crossed the mark of 341 lakh metric tonnes in the Kharif Marketing season 2010-11. According to an official release, various government agencies have procured 341.84 lakh metric tonnes of rice till Thursday. The procurement is about 23 lakh metric tonnes more than last ye...

October 27, 2011 9:45 PM

Govt signs loan agreement with World Bank for eastern freight corridor

The government on Thursday signed a 975 million US dollar loan agreement with the World Bank for execution of the plan in the eastern corridor. This will give a boost to Railway's ambitious Dedicated Freight Corridor (DFC) project.The financing for the project will cover 1,130 km of the 183...

October 27, 2011 7:25 PM

Asian markets rise as Europe announces debt plan

Asian markets rose on Thursday as European leaders announced a deal to tackle the region's crippling sovereign debt woes. Japan's Nikkei jumped 2%; South Korea's 1.5%; Hong Kong's Hong Seng rallied 3.3%; China's Shanghai Composite index gained 0.3% and Si...

October 27, 2011 1:51 PM

Food Inflation shoots up to 11.43%

Food inflation shot up to 11.43 per cent for the week ended October 15 on the back of costlier vegetables, fruits, milk and protein-based items.Food inflation, as measured by Wholesale Price Index (WPI), stood at 10.60 per cent in the previous week. As per data released by the government today, vege...

October 27, 2011 11:26 AM

Oil gains in Asian trade

Crude prices were up in Asian trade today as global markets were lifted by progress in debt talks at a key European summit.New York's main contract, light sweet crude for delivery in December, gained 1.11 dollar to 91.31 dollar per barrel. Brent North Sea crude for December delivery added 7...

October 26, 2011 8:06 PM

Sensex gains 34 points in special Diwali trading session

In the special Diwali Muhurat trading session held today, from 4.30 p.m. to 6 p.m., the Sensex at the Bombay Stock Exchange gained 34 points, or 0.2 percent to close at 17,289, amid positive Asian and European markets. The Nifty at the National Stock Exchange rose 10 points, or 0.2 percent, to 5,202...

October 26, 2011 7:22 PM

Gold jumps 730 rupees

Gold jumped 730 rupees, to 27,890 rupees per ten grams at Delhi's bullion market, today, on fresh buying by retail customers on Diwali, amid a firm global trend, today. Silver spurted 2,300 rupes, to 56,000 rupees per kilo.

October 26, 2011 6:00 PM

Wheat MSP hiked by <img src="rs.png" border="0" height="9" /> 115/qtl

The government announced a hike of 115 rupees per quintal in Minimum Support Price, MSP, of wheat to farmers at 1,285 rupees per quintal for the ongoing Rabi season. This is to offset the impact of higher input cost. The decision to raise MSP of wheat and other Rabi crops was taken at the meeting of...

October 25, 2011 6:50 PM

Sensex up by 316 pts closes above 17k

The Sensex at the Bombay Stock Exchange surged 316 points, or 1.9 percent, to close above the 17,000 mark, at 17,255, today, after the Reserve Bank hinted at a pause in monetary tightening.The Nifty at the National Stock Exchange jumped 93 points, or 1.8 percent, to 5,192.Stock markets in Japan, Chi...

October 25, 2011 5:17 PM

Sensex up by 316 pts closes above 17k

The Sensex at the Bombay Stock Exchange surged 316 points, or 1.9 percent, to close above the 17,000 mark, at 17,255, today. The Nifty at the National Stock Exchange jumped 93 points, or 1.8 percent, to 5,192.

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