Business

May 19, 2011 11:28 AM

Oil rises in Asian trade

Oil prices rose in Asian trade today. New York's main contract, light sweet crude for June delivery, advanced 13 cents to 100.23 USD a barrel. Brent North Sea crude for July delivery gained 13 cents to 112.43 USD.

May 19, 2011 10:02 AM

Rupee gains 10 paise against dollar

The rupee appreciated by 10 paise to 44 rupees 95 paise per dollar at the Interbank Foreign Exchange today. The Indian currency was supported by a higher opening in the stock market and dollar weakness against the euro and other Asian currencies. The rupee had strengthened by 10 paise to close at 45...

May 19, 2011 10:01 AM

Sensex recovers 112 points in opening trade

The Bombay Stock Exchange benchmark Sensex recovered by over 112 points in opening trade today. This follows fresh buying in metals, banking and oil and gas stocks, driven by a firming trend on other Asian bourses. The 30-share barometer, which has lost nearly 445 points in the previous three sessio...

May 18, 2011 7:26 PM

Sensex down by 51 pts

Falling for the third straight session, the Sensex at the Bombay Stock Exchange dropped 51 points, or 0.3 percent, to 18,086, on Wednesday, on sustained selling by funds, amid interest rate concerns and lower-than-expected corporate earnings. The Sensex had lost almost 400 points in the previous two...

May 18, 2011 7:07 PM

Amit Mitra resigns as FICCI Secretary General<br/>

Mr. Amit Mitra has resigned as Secretary General of Federation of Indian Chamber of Commerce and Industry, FICCI. He submitted his resignation on Tuesday. Mr. Mitra recently defeated CPI (M) veteran and West Bengal Finance Minister Asim Dasgupta by a big margin from the Khardah Assembly constituency...

May 18, 2011 7:07 PM

Gold rises to Rs 22350; silver up by Rs 550

Gold and silver climbed at Delhi&apos;s bullion market, on Wednesday, on brisk buying by stockists for the ongoing marriage season, amid firm global cues. Gold rose 80 rupees, to 22,350 rupees per ten grams. Silver gained 550 rupees, to 53,750 rupees per kilo.In the global markets, gold advanced...

May 18, 2011 7:04 PM

Sensex down by 51 pts

Falling for the third straight session, the Sensex at the Bombay Stock Exchange dropped 51 points, or 0.3 percent, to 18,086, on Wednesday. The Nifty at the National Stock Exchange shed 18 points, or 0.3 percent, to 5,421.

May 18, 2011 2:24 PM

Stable policy regime extremely important to enhance exports: MoS Commerce

The Minister of State for Commerce Mr. Jyotiraditya M. Scindia has said that Stable policy regime is extremely important to enhance exports. He was speaking to media persons in New Delhi today after presenting EPCES Export Awards. He said his ministry is in consultation with Finance Ministry regardi...

May 18, 2011 2:17 PM

BSE Sensex lose 48 points in afternoon trade

The Sensex at the Bombay Stock Exchange climbed 79 points, or 0.4 per cent, to 18,216 in opening trade, today, on emergence of selective buying by investors, amid a firm trend on the other Asian bourses. But the Sensex later gave up all its initial gains, and stood 48 points, or 0.3 percent in negat...

May 18, 2011 10:25 AM

Oil price higher in Asian trade today

Oil price was higher in Asian trade today. New York&apos;s main contract, light sweet crude for June delivery advanced 80 cents to 97.71 USD a barrel and Brent North Sea crude for July delivery gained 57 cents to 110.56 USD.

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