The country's apparel exports grew by about 13 per cent, to 1 billion dollars in April 2011, compared to the same month last year, due to strong demand from the US and European markets. According to data provided by the Apparel Export Promotion Council, garments exports had grown 4.4 per ce...

Gold loses sheen; Dips 45 rupees

Gold declined 45 rupees, to 22,820 rupees per ten grams at Delhi's bullion market on Monday due to sluggish local demand, and a weak global trend. Silver shed 350 rupees, to 57,250 rupees per kilo. In the global markets, gold slipped 1.40 dollars, to 1,535 dollars an ounce. Silver shed 0.2 ...

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

The Sensex at the Bombay Stock Exchange closed with a modest loss of 34 points, or 0.2 percent, at 18,232 on Monday.The Nifty at the National Stock Exchange dropped 3 points, 0.1 percent, to 5,473.

Centre to set up 2 semiconductor manufacturing facilities for electronic hardware development

The government will set up two semiconductor manufacturing facilities to develop electronic hardware in the country. Briefing to media in New Delhi on Monday, Advisor to the Prime Minister on Public Information, Infrastructure and Innovations Sam Pitroda said India is a largest exporter of Software ...

Sensex erases early gains; down by 5 points in afternoon

The Sensex at the Bombay Stock Exchange gained 104 points, to 18,370 in opening trade, Monday morning, on continued buying by investors. But the Sensex later surrendered all its initial gains, to stand 5 points in negative territory, at 18,261 in afternoon deals, amid volatile trade, a short while a...

Tata Motors launches Nano in Sri Lanka

The world's cheapest car NANO has been launched in Sri Lanka. The first batch of 500 Nanos will be thrown open for booking today in the country. Our Colombo correspondent says that despite the 110 percent duty imposed, Nano will be one of the cheapest cars available in Sri Lanka.

Sensex erases early gains; up by 13 points in afternoon session

The BSE benchmark Sensex which opened 104 points higher in opening trade, lost much of its ground as it was trading at 18,279 points, up by 13 points, when reports last came in. Meanwhile, the broad-based National Stock Exchange Nifty index was trading up by 4 points at 5,480 points. Meanwhile, The ...

Sensex gains 104 points in opening trade

The BSE benchmark Sensex which had gained over 418 points in the previous two sessions, moved up further by 104 points to 18,370 in the opening trade. In a similar fashion, the broad-based National Stock Exchange Nifty index rose by 33 points to 5,509. Meanwhile, The US Dow Jones Industrial average ...

Oil price down in Asian trade today

Oil was lower in Asian trade on Monday. New York's main contract, light sweet crude for July delivery, lost eight cents to 100.51 USD a barrel and Brent North Sea crude for July delivery was down 32 cents at 114.71 USD.

PM hopeful of 8.5% growth in current fiscal

Prime Minister Manmohan Singh has expressed confidence that his government will be able to achieve 8.5 per cent growth during the current fiscal despite concerns over high oil prices. Speaking to reporters on board special flight on his way back home from Ethiopia and Tanzania , Dr Singh said the Re...