Business

May 25, 2011 2:49 PM

BRICS opposes Europeans over IMF leadership issue

Brazil, Russia, India, China and South Africa have opposed the notions to select next Managing Director of the International Monetary Fund (IMF) from Europe. Executive Directors representing Brazil, Russia, India, China and South Africa, (BRICS) in the IMF in a joint statement argued that such a sel...

May 25, 2011 1:53 PM

Sensex down by 192 points in afternoon trade

The Sensex at the Bombay Stock Exchange lost 88 points, to again fall below the 18,000 level, at 17,924 in opening trade on Wednesday, on fresh selling by investors, amid weakness in the other regional bourses. Later, the Sensex lost further ground, and stood 192 points, or 1.1 percent in the negati...

May 25, 2011 1:16 PM

Sensex down by 151 points in afternoon trade

The BSE benchmark Sensex which lost over 88 points in opening trade, lost further ground as it was trading at 17,861 points, down by 151, a short while ago. The 30-share barometer fell to 17,889 points in the first few minutes of trade as realty, IT and oil and gas company stocks retreated. The wide...

May 25, 2011 12:25 PM

Rupee falls by 19 paise against US dollar

The rupee fell by 19 paise to 45 rupees 40 paise per US dollar on Wednesday. This follows renewed demand for the American currency from banks and importers amid strengthening of the dollar in overseas markets and weakness in the domestic equity market. At the Interbank Forex Exchange, the rupee resu...

May 25, 2011 12:24 PM

Sensex down by over 123 points in afternoon trade

The BSE benchmark Sensex which lost over 88 points in opening trade, lost further ground as it was trading at 17,893 points, down by 123 a short while ago. The 30-share barometer fell to 17,889 points in the first few minutes of trade as realty, IT and oil and gas company stocks retreated. The wide-...

May 25, 2011 11:15 AM

Oil down in Asian trade

Oil was down in Asian trade on Wednesday due to weaker US energy demand and as traders locked in profits from the previous day's gains. New York's main contract, light sweet crude for July delivery, lost 57 cents to 99 dollars and 2 cents a barrel, while Brent North Sea crude for t...

May 25, 2011 10:07 AM

Rupee falls by 10 paise against US dollar in early trade

The Indian rupee lost 10 paise to 45.31 rupees per US dollar in early trade on the Interbank Foreign Exchange on Wednesday. Forex dealers said strengthening of the dollar against the euro and Asian currencies and a lower opening in the stock market mainly put pressure on the rupee.

May 25, 2011 10:06 AM

Sensex opens down by over 88 points in early trade

The BSE benchmark Sensex lost over 88 points to trade below 18,000 mark in opening trade Wednesday on fresh selling by funds and retail investors. The 30-share barometer fell to 17,924 points in the first few minutes of trade as realty, IT and oil and gas company stocks retreated. The wide-based Nat...

May 24, 2011 9:14 PM

India, WB sign credit for Rajasthan rural project

India and the World Bank on Tuesday signed International Development Association, IDA, credit of 162.7 million US dollars for Rajasthan Rural Livelihoods Project. This will finance livelihood opportunities for some 400,000 village households in 17 districts of Rajasthan. According to an official rel...

May 24, 2011 9:12 PM

IMF chief appointment: India in consultation with emerging economies

India is in constant consultations with the developed and emerging economies on the appointment of a new IMF chief. Talking to reporters on the sidelines of a conference in New Delhi , Finance Minister Pranab Mukherjee on Tuesday said the government is keeping a close watch on the developments. The ...

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