Business

June 24, 2011 11:16 AM

Sensex gains 185 points in opening trade

The Bombay Stock Exchange benchmark Sensex rose by nearly 185 points in opening trade today. The 30-share index of the Bombay Stock Exchange, which gained 176.86 points in yesterday's trade, moved up further by 184.83 points to 17,912.32 in opening trade, with PSU, IT, banking, metals and a...

June 24, 2011 11:11 AM

Oil rebounds in Asian trade

Oil rebounded in Asian trade today from heavy losses overnight after the International Energy Agency's decision to tap emergency reserves. New York's main contract rose 92 cents to 91.94 dollar a barrel in morning trade after plummeting 4.39 dollar, or 4.6 percent yesterday in New ...

June 23, 2011 8:43 PM

Approval given to open up Tara, Parsa East and Kante Basan coal-blocks

Environment Ministry on Thursday gave its approval to open up Tara, Parsa East and Kante Basan coal-blocks in the Hasdeo-Arand forest region of Chhattisgarh. Rejecting the recommendations of the Forest Advisory Committee, Environment Minister Jairam Ramesh in an order said that final stage-II approv...

June 23, 2011 8:13 PM

India's gems and jewellery exports register 33.5 pc growth

India's gems and jewellery exports registered a growth of 33.5 per cent year-on-year to 3.7 billion US dollar in May, Gems and Jewellery Export Promotion Council (GJEPC) data said. The rise in exports is due to rising demand from markets like the United Arab Emirates (UAE) and the United St...

June 23, 2011 5:10 PM

Value buying pushes up Sensex by 177 points

The Sensex at the Bombay Stock Exchange closed with a good gain of 177 points, or 1 percent, at 17,727, on value buying in blue-chips on Thursday. The Nifty at the National Stock Exchange rose 42 points, or 0.8 percent, to 5,320. Stock markets in Japan, China, Hong Kong, South Korea and Singapore en...

June 23, 2011 5:00 PM

Govt to evolve market friendly stamp duty structure

The government is working on a uniform stamp duty structure for transactions in the capital on commodity markets. Finance ministry sources said in New Delhi that Department of Economic Affairs and Department of Revenue are in consultation to evolve a market friendly stamp duty structure. The Centre ...

June 23, 2011 4:38 PM

Oil prices drop in Asian trade

Oil prices dropped in Asian trade today as investors took profits from an overnight rally powered by strengthening US energy demand. New York's main contract, sweet crude was down 1.19 dollar to 94.22 dollar a barrel while Brent North Sea crude tumbled 1.00 dollar to 113.21 dollar.

June 23, 2011 2:07 PM

Sensex gains over 130 pts in afternoon trade

Recovering from early losses, the Sensex at the Bombay Stock Exchange gained a good 133 points, or 0.8 percent, to 17,684, in afternoon trade, a short while ago. Earlier in the morning, however, the Sensex had fallen 41 points, to 17,509, on continued selling by investors, on the back of weak global...

June 23, 2011 2:04 PM

Food inflation rises to 9.13 pc for week ended June 11

Food inflation rose to 9.13 per cent for week ended June 11 from 8.96 per cent in the previous week, According to official data released today, the rise in inflation is mainly due to increase in the prices of milk and protein based-item such as egg, meat and fish. The fuel price index, however, rema...

June 23, 2011 12:46 PM

Food inflation rises to 9.13 pc

Food inflation rose to 9.13 per cent for week ended June 11 from 8.96 per cent in the previous week, According to official data released today, the rise in inflation is mainly due to increase in the prices of milk and protein based-item such as egg, meat and fish. The fuel price index, however, rema...

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