Europe must find own solution to sovereign solvency problem :Pranab

Finance Minister Pranab Mukherjee on Monday said European nations will have to find their own solution to the problem of sovereign solvency and make a credible assessment of liquidity needs. Speaking at an Asian Development Bank (ADB) seminar in New Delhi he said that convergence of views from the G...

Inflation to come down to 7% by March-end: Gopalan

The Finance Ministry has said that the inflation would come down to seven per cent by end of March next year. Talking to reporters in New Delhi today, the Economic Affairs Secretary R. Gopalan said the current inflation is too high from comfort level.Our correspondent reports that overall inflation ...

Sensex closes lower

The Sensex at the Bombay Stock Exchange fell 58 points, or 0.3 percent, to 17,025, on profit-booking in blue-chips, today. The Nifty at the National Stock Exchange lost 14 points, or 0.3 percent, to 5,118. But stock markets in Japan, China, Hong Kong, Singapore, and South Korea rose between 0.5 perc...

Sensex closes lower

The Sensex at the Bombay Stock Exchange fell 58 points, or 0.3 percent, to 17,025, on profit-booking in blue-chips, today. The Nifty at the National Stock Exchange lost 14 points, or 0.3 percent, to 5,118. But stock markets in Japan, China, Hong Kong, Singapore, and South Korea rose between 0.5 perc...

Sensex trading in red by 33 pts

Surrendering all its initial gains, the Sensex at the Bombay Stock Exchange stood 33 points, or 0.2 percent in negative territory, at 17,050 in afternoon deals, a short while ago.Earlier in the morning, however, the Sensex had opened 81 points, or 0.5 per cent higher, at 17,164, on continued buying ...

Oil rises in early Asian Trade

Crude futures rose in early Asian trade today, extending the sharp gains made in the previous session on hopes policymakers' would reach an agreement to tackle the Euro zone's debt crisis and stem any slide in oil consumption. Brent crude rose 64 cents to 112.87 dollar a barrel whi...

Rupee rises by 16 paise

The rupee was up by 16 paise at Rs 48.85 per US dollar in early trade today on persistent selling of the American currency by banks and exporters in view of dollar weakness in overseas markets. The rupee had closed 11 paise higher at Rs 49.01 against the US currency in Friday's trade.

Rupee gains 12 paise

The Indian rupee rose by 12 paise to Rs. 48.89 per US dollar in early trade today, supported by euro gains against the American currency and a rise in the domestic equity market. The rupee had closed 11 paise higher at Rs 49.01against the US currency in Friday's trade.

Sensex rises by 81 pts in opening trade

The BSE benchmark Sensex gained 198 points in the previous session, rose further by 81 points, or 0.47 per cent, to 17,163 in the first five minutes of trade today, with stocks of auto, banking, realty and metal companies leading the rally.Likewise, the wide-based National Stock Exchange Nifty Index...

India's trade of eleven billion dollars with South Africa is a gate way to the African continent for trade and investment. Talking to AIR, the High Commissioner to Pretoria Mr. Virendra Gupta said that trade with South Africa is robust, with Coal imports itself accounting for 1.5 billion do...