Food inflation falls marginally to 8.96 pc

Food inflation went down marginally to 8.96 per cent for the week ended June 4. This follows cheaper pulses and vegetables. Food inflation, as measured by the Wholesale Price Index or WPI, stood at 9.01 per cent in the previous week, while it was over 21 per cent in the first week of June last year....

Rupee drops further by 13 paise against $

In line with the equity market, the Indian rupee dropped further by 13 paise to 44 rupees 90 paise against the US dollar today. This follows persistent dollar demand from banks and importers on the back of a higher dollar in overseas market. The rupee resumed lower at 44 rupees 87 per dollar at the ...

Food inflation falls marginally to 8.69 pc

Food inflation has fallen marginally to 8.69 per cent for the week ended June 4. The figure was 9.01 per cent in the previous week.

Sensex trading 100 points down

The BSE benchmark Sensex was trading 100 points down at 18,031 a short while ago. Earlier it fell by over 126 points in opening trade. This follows funds and retail investors selling ahead of the Reserve Bank of India's monetary policy review meeting later in the day. Similarly, the wide-ba...

Rupee depreciates by 7 paise against $

The rupee depreciated by 7 paise to 44 rupees 84 paise against the US dollar in early trade on the Interbank Foreign Exchange today. The rupee ended 4 paise lower at 44 rupees 77 paise against the US currency in yesterday's trade on fresh demand from banks and importers.

Oil up in Asian trade

Oil was up in Asian trade today as traders engaged in bargain-hunting after crude prices slid below 95 dollars per barrel in overnight trade. New York's main contract, West Texas Intermediate light sweet crude for July delivery, rose 48 cents to 95 dollars 29 cents barrel. Brent North Sea c...

Sensex down by over 126 points in opening trade

The BSE benchmark Sensex fell by over 126 points in opening trade today. This follows funds and retail investors selling ahead of the Reserve Bank of India's monetary policy review meeting later in the day. The 30-share Bombay Stock Exchange barometer, which lost 176 points in the previous ...

RIL sale of 30% stake in oil & gas blocks to BP cleared by MHA

Clearing the last hurdle, the Home Ministry has given unconditional approval for UK's BP to buy a 30 per cent stake in Reliance Industries' oil and gas blocks, including the showcase KG-D6 gas fields, for USD 7.2 billion.The Ministry of Home Affairs wrote a one-page letter to the P...

BSE Sensex ends 176 pts lower

India, OECD agree to strengthen coop. in cross border taxation issues

India and Organisation for Economic Cooperation and Development (OECD) have agreed to strengthen cooperation in cross border taxation issues, a Finance Ministry statement said today. The cooperation with OECD comes at a time when India is grappling with issues of tax evasion and blackmoney stashed i...