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June 23, 2011 10:52 AM
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 10:36 AM
The rupee depreciated by 4 paise to Rs 44.93 against the US dollar in early trade. Dealers said dollar strength against the euro and Asian currencies overseas and a lower opening in the stock market mainly put pressure on the rupee.
June 23, 2011 10:35 AM
The BSE benchmark Sensex which lost 9 points in yesterday's see-saw session, moved down further by 41 points, or 0.23 per cent, to 17,509 in opening trade today. Similarly, the wide-based National Stock Exchange Nifty index shed 16 points, or 0.30 per cent, to 5,262. In the Asian region, Ho...
June 22, 2011 8:37 PM
The Agromet and Fishery Advisory Service has reaped in economic benefit to the farmers and fishermen in the country. According to an Earth Science ministry official release in Delhi, the information provided to the farming community has earned them an economic benefit of 50,000 crore rupees per year...
June 22, 2011 7:47 PM
The memorandum of understanding (MoU) between Odisha Government and South Korean steel major Posco for setting up of a 12 million tonnes per annum plant near Paradip of Jagatsinghpur district of Odisha will be renewed by the end of month. Odisha Industries, Steel and Mines Minister, Raghunath Mohant...
June 22, 2011 7:32 PM
The Agromet and Fishery Advisory Service has reaped in economic benefit to the farmers and fishermen in the country. According to an Earth Science ministry official release in Delhi, the information provided to the farming community has earned them an economic benefit of 50,000 crore rupees per year...
June 22, 2011 7:32 PM
The Commerce Ministry will start its fourth review of the export sector from next month. A senior ministry official said in New Delhi today that the review exercise will be completed within a month. Following the review, the Ministry is likely to extend fiscal incentives to labour intensive sectors ...
June 22, 2011 6:26 PM
The Government has authorised the Income Tax Department to initiate legal action in tax evasion cases where Indian investments are located in foreign countries. Official sources said in New Delhi that the Central Board of Direct Taxes has issued an order that the Income Tax department does not need ...
June 22, 2011 5:29 PM
Erasing all its early gains, the Sensex at the Bombay Stock Exchange closed with a slim loss of 10 points, or 0.1 percent, at 17,551 on Wednesday, pulled down by a sell-off in consumer durables stocks. But the Nifty at the National Stock Exchange managed to rise a marginal 2 points, at 5,278. But st...
June 22, 2011 5:27 PM
Indian Railways posted a 4.79 per cent increase in its freight earnings as it carried 157.23 million tonnes of cargo during April-May 2011. According to an official release, the railways have earned over 11,147 crore rupees from freight traffic during April-May 2011 as compared to 10, 044 crore rupe...
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