RBI to release first mid-quarterly review on Thursday

The Reserve Bank of India, RBI will release its first mid-quarterly review of the credit policy for current financial year tomorrow. The Central Bank has already expressed its concern over the inflation level. The RBI has hiked key policy rates nine times since March, 2010, and is likely to continue...

Strike at Maruti's Manesar plant enters twelfth day

Sensex loses 124 points in afternoon trade

The Sensex at the Bombay Stock Exchange fell 36 points, to 18,273, in opening trade, on Thursday morning, as investors sold stocks ahead of tomorrow's credit policy review by the Reserve Bank. Later, the Sensex lost some more ground, and stood as much as 124 points, or 0.7 percent in negati...

Oil prices mixed in Asian trade

Oil prices were mixed in Asian trade today as a pick-up in Chinese industrial output and forecasts of a sharper-than-expected decline in US stockpiles buoyed crude markets. New York's main contract, light sweet crude lost 25 cents to 99.12 dollar a barrel, while Brent North Sea crude rose 4...

Sensex falls 35 pts in opening trade

The BSE benchmark Sensex fell by over 35 points in opening trade today as foreign funds and retail investors offloaded positions ahead of tomorrow's RBI credit policy review amid high inflation. The 30-share barometer, which gained over 42 points in yesterday's volatile session, fe...

Inflation rises marginally to 9.06 %

Inflation has gone up to 9.06 per cent in May following pressure from manufactured items and petrol prices. Inflation, as measured by the Wholesale Price Index (WPI), stood at 8.66 per cent in April. It had stood at 10.48 per cent in May, 2010. Meanwhile, as per data released by the government today...

BSE Sensex ends with modest gains

Snapping four days of losses, the Sensex at the Bombay Stock Exchange closed a modest 43 points, or 0.2 percent higher, at 18,309, amid positive European markets, today. The Sensex had lost over 220 points in the last four trading sessions. The Nifty at the National Stock Exchange rose 18 points, or...

Gold 22,540 rupees per ten grams at Delhi market

Falling for the third straight session, gold lost 105 rupees, to 22,540 rupees per ten grams at Delhi's bullion market, today. Silver slipped 950 rupees, to 53,100 rupees per kilo. In the international market, gold plunged 16.80 dollars, to 1,515 dollars an ounce. Silver shed 4 per cent, to...

BSE sensex up 43 points

Snapping four days of losses, the Sensex at the Bombay Stock Exchange closed a modest 43 points, or 0.2 percent higher, at 18,309, today. The Nifty at the National Stock Exchange gained 18 points, or 0.3 percent, to 5,501.

Coal India assures govt to increase coal availability by 28 mn tones

As India grapples with shortage of coal, the Public Sector Maharatna company, Coal India Ltd has assured the government of its efforts to increase coal availability to the users by 28 million tonnes. According to official sources, Coal India will try to lift 28 million tonnes of coal from pithead. C...