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August 9, 2011 9:46 AM
The benchmark Sensex dropped 558 points in opening trade. The Sensex fell to as low as 16,432.00 points, its lowest level since June 1 last year, with a fall of 558.18 points from Monday's close. Another benchmark index, the Nifty, slipped below the 5,000-mark for the first time since June ...
August 8, 2011 10:16 PM
Global financial markets dropped sharply Monday in reaction to an unprecedented downgrade of the U.S. government's credit rating. U.S. stock markets dropped more than 3 percent in the first hours of trading. Major indexes across Asia closed between 2 percent and nearly 4 percent lower, and ...
August 8, 2011 10:11 PM
Global financial markets dropped sharply Monday in reaction to an unprecedented downgrade of the U.S. government's credit rating. U.S. stock markets dropped more than 3 percent in the first hours of trading. Major indexes across Asia closed between 2 percent and nearly 4 percent lower, and ...
August 8, 2011 8:38 PM
Asian markets slumped, again, today, after the historic downgrade of the US credit rating. So Japan's Nikkei 225 and Hong Kong's Hang Seng index slid 2.2%, each; China's Shanghai Composite index and South Korea's Kospi sank 3.8%, each; and Singapore's Str...
August 8, 2011 6:20 PM
Citing expected improvement in the macro-economic situation, global investment bank, Goldman Sachs today upgraded India's rating to 'market weight', from the earlier 'under-weight,' indicating bullishness in the short-term.Goldman Sachs also cited lower o...
August 8, 2011 5:58 PM
Engineering and construction major, Larsen & Toubro today reported a 12 per cent year-on-year rise in its first quarter net profit, to 746 crore rupees. Net sales of the company rose to 9,483 crore rupees during the quarter, up 21 per cent.
August 8, 2011 5:31 PM
Gold surged 460 rupees, to breach the crucial 25,000-rupee level for the first time ever, and set a new all-time record of 25,230 rupees per ten grams at Delhi's bullion market, today, in line with a rising global trend. Silver ready spurted 1,300 rupees, to 59,900 rupees per kilo. In the o...
August 8, 2011 5:15 PM
The 'Group of Seven' leading economic powers say they will take all necessary steps to ensure financial stability in the face of the current crisis over US and euro zone government debt level. The G-7 emergency statement is seen as an attempt to calm the financial markets after las...
August 8, 2011 5:09 PM
Gold surged 460 rupees, to breach the crucial 25,000-rupee level for the first time ever, and set a new all-time record of 25,230 rupees per ten grams at Delhi's bullion market, today, in line with a rising global trend. Silver ready spurted 1,300 rupees, to 59,900 rupees per kilo. In the o...
August 8, 2011 5:00 PM
Prime Minister's Economic Advisory Council Chairman C Rangarajan today said the downgrade of the US sovereign rating will negatively impact exports and moderate capital flows into the country. In a statement, Mr Rangarajan said more than the downgrade, the slow pace of recovery in the US wi...
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