Rupee depreciates by 2 paise against US dollar

The Indian rupee depreciated by 2 paise to 44.47 rupees against the US dollar in early trade on the Interbank Foreign Exchange today. It closed at 44.45 rupees a dollar in the previous session on Wednesday.Forex dealers said the lower opening in the stock market this morning mainly put pressure on t...

PPL to expand its Sulphuric Acid, Phosphoric Acid and Fertiliser plant

Paradeep Phosphates Limited (PPL), Asia's largest DAP fertiliser plant, has lined up an expansion plan of Rs 600 crore for the next three years in setting up an all-new Sulphuric Acid plant with 2000 tonnes per day capacity, enhancing capacity and efficiency of its existing Sulphuric Acid, ...

BSE Sensex gains 40 points

The BSE benchmark Sensex fell by over 55 points in early trade today. Later, it recovered its initial losses and was trading at 18,545, up by 40 points a short while ago. In the Asian region, Hong Kong's Hang Seng index was trading 0.20 per cent lower and Japan's Nikkei lost 0.12 p...

Eurozone leaders to meet today for a financial crunch summit

Eurozone leaders will meet today for a financial crunch summit in Berlin to try to resolve the Greek debt crisis and prevent any further contagion to other so-called peripheral economies. Policymakers will discuss a range of measures, including a new loan package to Greece and the role of private in...

Government on Wednesday lowered India's economic growth projection for 2011-12 to 8.6 per cent from the earlier estimate of about 9 per cent and said inflation will remain high till December. The Finance Ministry said in a note that there is a perceptible slowdown in the last two quarters&a...

Sensex dips 151 points to 18,502

The Sensex at the Bombay Stock Exchange declined 151 points, or 0.8 percent, to 18,502 on Wednesday on fears of an interest rate hike by the Reserve Bank, and after poor quarterly results from IT major, Wipro. The Nifty lost 47 points, or 0.8 percent, to 5,567.But stock markets in Japan, Hong Kong, ...

Govt allows export of one million tonnes of non-basmati rice

The government has allowed export of one million tonnes of non-basmati rice through private trade. The Directorate General of Foreign Trade, DGFT has issued a formal notification in this regard. It said that the export will be subject to the minimum export price of 400 dollars per tonne.The Empowere...

Sensex dips 151 points to 18,502

The Sensex at the Bombay Stock Exchange declined 151 points, or 0.8 percent, to 18,502 on Wednesday. The Nifty lost 47 points, or 0.8 percent, to 5,567.But stock markets in Japan, Hong Kong, South Korea, and Singapore gained between 0.5 percent and 1.2 percent.

Gold slips to 23,260 rupees per ten grams

Falling from a record high, gold dropped 210 rupees, to 23,260 rupees per ten grams at Delhi's bullion market on Wednesday on reduced offtake at existing high levels. Silver slipped 1,500 rupees, to 58,000 rupees per kilo. Silver coins nose-dived 2,500 rupees to 62,500 rupees for buying 100...

BSE Sensex trading in red

The Sensex at the Bombay Stock Exchange gained 112 points, or 0.6 percent, to 18,766 in early trade, today, on continued buying by investors, amid firm Asian markets. But disappointing quarterly results by IT major, Wipro pushed the Sensex into negative territory in mid-morning deals. So after falli...