Oil prices down in Asian trade today

Oil was down in Asian trade today on fears of faltering energy demand after US crude reserves increased and the euro zone debt crisis showed no signs of abating. New York's main contract fell 41 cents to 97.02 dollar a barrel in morning trade. Brent North Sea crude shed 43 cents to 117.32 d...

Rupee appreciates by 11 paise against US dollar

The Indian rupee appreciated by 11 paise to 44 rupees 59 paise per US dollar in early trade on the Interbank Foreign Exchange today.The Indian currency was supported by weakness of the American currency against other Asian rivals overseas and a higher opening in the stock market.The rupee had deprec...

Sensex gains 142 pts in opening trade

The Bombay Stock Exchange benchmark Sensex gained nearly 142 points in opening trade today. The 30-share index of the Bombay Stock Exchange, which has lost over 665 points in the previous three sessions, recovered by 141.86 points, or 0.77 per cent, to 18,553.48.Echoing the sentiment, the wide-based...

Draft of Company Affairs bill is ready says Moily

The new Union Minister for Corporate Affairs Virappa Moily said that a draft bill on Company Affairs is ready and will be his endeavor to push through the state of the Art Bill in Parliament. Taking over the charge of his Ministry this morning he said this is the Ministry of the future as lot of bus...

Centre approves 6 road projects under PPP model

The finance ministry has approved six road projects involving expenditure of 9,774 crore rupees under the public-private partnership mode. A finance ministry official said in New Delhi today, that the approval has been granted by the Public Private Partnership Approval Committee, chaired by Economic...

Poor performance of the manufacturing and mining sectors dragged the country's industrial growth down to 5.6 per cent in May, this year, from 8.5 per cent in the same month last year. Industrial growth during April and May, this year, averaged 5.7 per cent, compared to 10.8 per cent in the ...

Poor performance of the manufacturing and mining sectors dragged the country's industrial growth down to 5.6 per cent in May, this year, from 8.5 per cent in the same month last year. Industrial growth during April and May, this year, averaged 5.7 per cent, compared to 10.8 per cent in the ...

Amidst European debt crisis Euro falls further

The Euro has fallen further as financial markets remain concerned about the lack of decisive action to address the European debt crisis. Shares in Europe and Asia have fallen in response to fears that the Euro zone debt crisis could spread to Italy and Spain. The interest rate on Italian and Spanish...

Sensex down by 310 pts in closing trade

Extending its losses for the third straight session, the Sensex at the Bombay Stock Exchange slumped 310 points, or 1.7 percent, to a three-week low of 18,412, today. The Sensex fell on heavy selling by investors, after disappointing first quarter results from IT major, Infosys, poor industrial outp...

Poor performance of the manufacturing and mining sectors dragged the country's industrial growth down to 5.6 per cent in May, this year, from 8.5 per cent in the same month last year. Industrial growth in April-May this year averaged 5.7 per cent, compared to 10.8 per cent in the same perio...