Business

August 5, 2011 9:58 AM

Measures fail to prevent spread of Eurozone debt crisis: EU Prez

The President of the European Commission, Jose Manuel Borroso, has admitted that measures agreed by the EU only two weeks ago have failed to prevent a spread of the Eurozone debt crisis. The statement by Mr. Borroso comes amid continuing speculation in the financial markets that Italy and Spain will...

August 4, 2011 10:23 PM

Measures fail to prevent spread of Eurozone debt crisis: EU Prez

The President of the European Commission, Jose Manuel Borroso, has admitted that measures agreed by the EU only two weeks ago have failed to prevent a spread of the Eurozone debt crisis. The statement by Mr. Borroso comes amid continuing speculation in the financial markets that Italy and Spain will...

August 4, 2011 6:03 PM

Sensex dips 247 points to 17,693

Falling for the third straight session, the Sensex at the Bombay Stock Exchange declined 247 points, or 1.4 percent, to a more than six-week low of 17,693, amid a rise in food inflation, and weak global cues on Thursday. The Nifty at the National Stock Exchange lost 73 points, or 1.4 percent, to 5,3...

August 4, 2011 6:03 PM

Gold loses sheen at 24,280 rupees per 10 grams

Falling from a record high, gold lost 50 rupees, to 24,280 rupees per ten grams at Delhi's bullion market on Thursday following reduced offtake at existing high levels. But silver rallied 1,600 rupees, to 61,700 rupees per kilo, on fresh buying, amid firm global cues. In the overseas market...

August 4, 2011 6:03 PM

Asian markets end mixed amid worries of global economy slowdown

Asian markets on Thursday ended mixed on worries about a slowdown in the global economy. Many of the regional markets reversed the gains they made earlier after a positive finish on Wall Street Wednesday. So, Japan's Nikkei-225 index rose 0.2%, as Japan intervened in the foreign-exchange ma...

August 4, 2011 5:04 PM

Sensex dips 247 points to 17,693

The Sensex at the Bombay Stock Exchange declined 247 points, to 17,693 on Thursday. The Nifty at the National Stock Exchange lost 73 points, to 5,332.

August 4, 2011 2:10 PM

Sensex gains marginal 2 pts in noon trade

The Sensex at the Bombay Stock Exchange rose 63 points, or 0.4 per cent, to regain the psychological 18,000 point mark, at 18,003 in early trade, today, on selective buying by investors at attractive low levels. But later, after swinging between negative and positive territory, in volatile trade, th...

August 4, 2011 1:38 PM

Food inflation inches up to 8.04 per cent for week ending July

After dropping to a 20-month low in mid-July, food inflation inched up to 8.04 per cent for the week ended July 23rd, on expensive onion, fruits and milk. The rate of price rise of food items was 16.27 per cent in the corresponding week of July 2010. Food inflation, measured by the Wholesale Price I...

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