Sensex gains 49 pts in opening trade

The BSE benchmark Sensex gained almost 49 points in opening trade today on the back of bargain buying of select stocks by funds and retail investors. The 30-share index of the Bombay Stock Exchange, which lostover249 points in yesterday's trade, recovered by point 26 per cent, to 18,384 wit...

Govt approves additional cash subsidy to state-owned oil companies

The government on Thursday approved over 20,000 crore rupees in additional cash subsidy to state-owned oil companies to compensate them for selling fuel below cost in 2010-11 fiscal. With this, the government has paid a total of 40,912 crore rupees in subsidy to oil companies in 2010-11 financial ye...

India, Australia launch negotiations to conclude CEC Agreement<br/>

India and Australia have launched negotiations to conclude the Comprehensive Economic Cooperation Agreement, CECA. Addressing a joint press conference with the Australian Trade Minister Craig Emerson,at Canberra, Commerce and Industry Minister Anand Sharma, termed the proposed CECA as a high-quality...

India&apos;s exports grew by an annualised 34.4 per cent to 23.9 billion dollars in April maintaining a tempo of the last financial year despite a decline as compared to 44 per cent growth in March.Imports, for the opening month of the fiscal 2011-12, were up 14.1 per cent to 32.8 billion dollar...

Price rise of kitchen items will decline further: Pranab

Encouraged by the moderation in food inflation, Finance Minister Pranab Mukherjee on Thursday said the rate of price rise of kitchen items will decline further in the coming weeks. He however said that prices of non-food items may continue to remain a matter of concern. He added that the recent mone...

Sensex dips 249 points to 18,336

The Sensex at the Bombay Stock Exchange dropped 249 points, or 1.3 percent, to close at 18,336 amid weak Asian and European markets on Thursday. The Nifty at the National Stock Exchange declined 79 points, or 1.4 percent, to 5,486.Stock markets in Japan, China, Hong Kong, South Korea and Singapore l...

Industrial output growth declines to 7.8 percent

Industrial output growth has slowed down to 7.8 per cent in 2010-11 from from 10.5 per cent in the previous fiscal.The fall in industrial out put growth is due to poor performance of the manufacturing and mining sectors.Factory output in March, as measured in terms of the Index of Industrial Product...

Sensex down by 140 points in afternoon trade

The Sensex at the Bombay Stock Exchange fell 126 points, or 0.7 per cent, to 18,459, in opening trade, today, on fresh selling by investors, amid weak Asian bourses. Later, the Sensex remained weak, and stood 140 points, or 0.8 percent in negative territory, at 18,445, in afternoon deals, a short wh...

Food inflation drops to 18-months low

Food inflation dropped to its the lowest level in 18 months, at 7.7 per cent, for the week ended April 30, due to a fall in the price of pulses and vegetables. The rate of price rise in food items, as calculated on the basis of the wholesale price index, had stood at 8.53 per cent in the previous we...

Sensex down by 57 points

The Bombay Stock Exchange benchmark Sensex was trading at 18,529 points, down by 57 points a short while ago. Earlier, the Sensex fell by 125.98 points, or 0.67 per cent, to 18,458.98 in opening trade. The wide-based National Stock Exchange Nifty index was also down by 17 points, trading at 5,548 po...