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July 8, 2011 8:36 AM
Crude was up in Asia today on signs that oil demand is picking up in the United States, the world's largest consumer of the commodity. New York's main contract rose 66 cents to 97.31 dollar a barrel and Brent North Sea crude gained 57 cents to 114.19 dollar.
July 7, 2011 8:57 PM
State Bank of India today raised its base rates by 0.25 per cent to 9.5 per cent. SBI's move to raise rates comes on the back of ICICI Bank raising rates by the same percentage last week. SBI is India's largest bank while ICICI Bank is the second largest. SBI has also hiked the sav...
July 7, 2011 8:17 PM
Cheaper pulses and vegetables have brought down food inflation to a seven-week low of 7.61 per cent for the week ended June 25th. Food inflation, as measured by the Wholesale Price Index, stood at 7.78 per cent during the previous week. However, Finance Minister Pranab Mukherjee has said that inflat...
July 7, 2011 8:14 PM
The Sensex at the Bombay Stock Exchange shot up a hefty 351 points, or 1.9 percent, to close above the key 19,000 mark after more than two months, at 19,078, today, amid easing food inflation. The Nifty at the National Stock Exchange spurted 104 points, or 1.9 percent, to 5,729.Stock markets in Japa...
July 7, 2011 2:14 PM
Snapping its two-session losing streak, the Bombay Stock Exchange benchmark Sensex rose by nearly 76 points in opening trade today on selective buying by funds and retail investors amid firm cues from Asian markets. The 30-share barometer, which lost 87 points in the previous two sessions, recovered...
July 7, 2011 1:40 PM
Country's food inflation marginally eased to 7.61 percent from 7.78 percent in the previous week backed by cheaper pulses and vegetable prices. Prices of other food items, milk, eggs, meat and fruits, however, remained high during the week. Government data showed today that fuel inflation t...
July 7, 2011 1:30 PM
The new head of the International Monetary Fund, Christine Lagarde has promised to make the organisation more open to developing countries. In her first comments since taking up her new role, the former French Finance Minister said, the IMF must better reflect the shifting balance of power in the gl...
July 7, 2011 12:17 PM
Crude was up in Asia today on signs that oil demand is picking up in the United States, the world's largest consumer of the commodity. New York's main contract rose 66 cents to 97.31 dollar a barrel and Brent North Sea crude gained 57 cents to 114.19 dollar
July 7, 2011 12:12 PM
The Bombay Stock Exchange benchmark Sensex, which rose by nearly 76 points in opening trade, made a big leap of 215 points upwards and was trading at 18,942 points when reports last came in.The broad-based National Stock Exchange Nifty index was also trading 63 points up at 5,689 points.In the Asian...
July 7, 2011 12:12 PM
The Indian rupee was up by 14 paise at Rs 44.34 per US dollar in early trade today. At the Interbank Foreign Exchange, the domestic unit opened higher at 44.42 per dollar as against Wednesday's close at Rs 44.48 per dollar.
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