Business

July 4, 2011 5:46 PM

Sensex closes 52 points higher

The Sensex at the Bombay Stock Exchange gained 52 points, or 0.3 percent, to close at 18,814, today, amid rising Asian markets. The Nifty at the National Stock Exchange added 23 points, or 0.4 percent, to 5,651. Stock markets in Japan, China, Hong Kong, South Korea, and Singapore rose between 0.5 pe...

July 4, 2011 2:29 PM

Sensex loses early gains, up by 48 points in afternoon trade

The Sensex at the Bombay Stock Exchange rose 173 points, or 0.9 per cent, to 18,936 in opening trade Monday morning, on renewed buying by investors, amid firm Asian bourses. Later, after climbing as much as 180 points at one stage, the Sensex surrendered most of its early gains, and stood a modest 4...

July 4, 2011 11:59 AM

Rupee up by 12 paise against US dollar in early trade

The Indian rupee advanced by another 12 paise to 44.45 against the US dollar in the early trade on persistent selling of dollars by banks and exporters in view of sustained capital inflows from foreign funds.

July 4, 2011 11:31 AM

Sensex gains 173 points in opening trade

The Bombay Stock Exchange benchmark Sensex rose by nearly 173 points in the opening trade on Monday on the back of buying by funds and retail investors amid a firming trend on other Asian bourses.The 30-share barometer, which lost 83 points in the previous session, recovered sharply by nearly 173 po...

July 2, 2011 1:31 PM

Auto, home and corporate loans to cost more

Three major banks, including the ICICI Bank, have increased lending rates by 0.25 per cent making auto, home and corporate loans more expensive for borrowers. Besides the ICICI Bank, state-owned Indian Overseas Bank and Dena Bank have also announced increase in their lending rates by 0.25 per cent.T...

July 2, 2011 11:56 AM

Record production to bring down inflation: Thomas

The Government has said food inflation will come down in view of record production of foodgrains. In an exclusive interview to All India Radio Minster of State for Consumer Affairs, Food and Pubic Distribution Prof. K V Thomas said inflation was governed by several reasons, including international m...

July 2, 2011 9:35 AM

Vodafone pays $400 mn more to buy Essar's 33% stake

Ending year-long battle, UK-based Vodafone has agreed to pay USD 400 million more to its Indian partner Essar for buying its 33 percent stake in the joint venture Vodafone-Essar.With this, Essar closed the deal to sell its 33 percent stake at USD 5.46 billion as against USD 5 billion decided earlier...

July 2, 2011 9:35 AM

India's exports jump by 56.9 pc to $25.9 bn in May

India's exports grew by an impressive 56.9 per cent year-on-year to 25.9 billion USD in May due to a rise in demand from Western markets like the US and Europe. According to official data released by the Commerce Ministry today, imports also surged by 54.08 per cent to 40.9 billion USD, lea...

July 2, 2011 9:35 AM

Vodafone pays over $400 mn more to buy Essar's 33% stake

Ending year-long battle, UK-based Vodafone has agreed to pay USD 400 million more to its Indian partner Essar for buying its 33 percent stake in the joint venture Vodafone-Essar.With this, Essar closed the deal to sell its 33 percent stake at USD 5.46 billion as against USD 5 billion decided earlier...

July 2, 2011 9:04 AM

Vodafone pays over USD 400 mn more to buy Essar's 33% stake

Ending year-long battle, UK-based Vodafone has agreed to pay USD 400 million more to its Indian partner Essar for buying its 33 percent stake in the joint venture Vodafone-Essar.With this, Essar closed the deal to sell its 33 percent stake at USD 5.46 billion as against USD 5 billion decided earlier...

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