Business

May 31, 2011 6:44 PM

Gold glitters at 22,870 rupees on global cues

Gold rose 50 rupees, to 22,870 rupees per ten grams on Tuesday at Delhi's bullion market on emergence of buying by stockists and speculators, amid a firm global trend. Silver gained 1,050 rupees, to 58,300 rupees per kilo. In the global markets, gold climbed 2.08 dollars, to 1,539 dollars a...

May 31, 2011 1:40 PM

Sensex up by 254 points in afternoon trade

The Sensex at the Bombay Stock Exchange gained 105 points, or 0.6 per cent, to 18.337 in opening trade on Tuesday, on emergence of selective buying by investors, amid firm regional bourses. Later, after the release of the GDP data, the Sensex jumped as much as 254 points, or 1.4 percent, to 18,486 i...

May 31, 2011 12:22 PM

Rupee gains 13 paise against US dollar in early trade

The Indian rupee appreciated by 13 paise to Rs 44.95 per US dollar in early trade on Tuesday. At the Interbank Foreign Exchange, the domestic unit hovered in a range between Rs 44.95 and Rs 45.05 per dollar in morning deals.

May 31, 2011 12:21 PM

RBI allows other banks, lenders besides designated ones to operate in villages

RBI has allowed other banks and lenders besides the designated ones to operate in villages with a population of over 2,000. Under its ambitious financial inclusion programme, the central bank has designated various banks to provide basic banking facilities in the villages. Speaking to AIR correspond...

May 31, 2011 10:09 AM

Rupee gains 10 paise against US dollar in opening trade

The Indian rupee appreciated by 10 paise to Rs 44.98 per dollar in opening trade. The rupee had strengthened by 8 paise to close at Rs 45.09 against the US currency in Monday's trade amid sustained dollar selling and renewed capital inflows.

May 31, 2011 10:08 AM

Sensex opens up by 104 points

The Bombay Stock Exchange benchmark Sensex which lost 34 points in on Monday's session, recovered by 104 points, or 0.57 per cent, to 18.336 in opening trade. The wide-based National Stock Exchange index Nifty also moved up by 34 points, or 0.63 per cent, to 5,507. Meanwhile, Hong Kong&...

May 30, 2011 7:55 PM

Spices exports touch all time high at 5,25,750 tonnes

The country exported 5,25,750 tonnes of spices and spice products worth 6840 crore rupees during last fiscal as against 5,02,750 tonnes valued at 5560 crores during 2009-2010, registering an all time high both in quantity and value terms. Addressing a press conference in Kochi on Monday, the Spices ...

May 30, 2011 7:55 PM

IOC clocks 328,744 crore rupees turnover in 2010-11

State-owned Indian Oil Corp (IOC) has surpassed the 3 lakh crore rupees barrier by clocking 328,744 crore rupees turnover in 2010-11 fiscal. Speaking to reporters in New Delhi, IOC Chairman R S Butola said the company posted 29.7 per cent drop in net profit for the fourth quarter ended March 31st. H...

May 30, 2011 5:51 PM

IOC posts 29.7 per cent Y-o-Y drop in quarterly net profit

State-owned, Indian Oil Corporation on Monday posted a 29.7 per cent year-on-year drop in its quarterly net profit, at 3,905 crore rupees, because of rise in losses arising from selling fuel at government controlled rates. The IOC had to absorb 4,845 crore rupees of loss on fuel sales during the 201...

May 30, 2011 5:51 PM

Sensex closes with marginal loss of 34 points at 18,232

Snapping two days of gains, the Sensex at the Bombay Stock Exchange closed with a modest loss of 34 points, or 0.2 percent, at 18,232, on profit-booking on Monday. The Sensex had gained more than 400 points in the last two trading sessions. The Nifty at the National Stock Exchange dropped 3 points, ...

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