Business

May 11, 2011 3:29 PM

Rupee up by 7 paise

The Indian Rupee appreciated by 7 paise to Rs 44.67 per dollar today. The rupee had depreciated by 2 paise to close at 44.74 against the US currency in yesterday's trade.

May 11, 2011 2:05 PM

Sensex up by 53 points in afternoon trade

The Sensex at the Bombay Stock Exchange opened 62 points, or 0.3 per cent higher, at 18,575, this morning, on selective buying by investors, amid a firm trend on the other Asian bourses. Later, holding on to its gains, the 30-share index stood 53 points, or 0.3 percent in the positive zone, at 18,56...

May 11, 2011 2:04 PM

Govt hopeful of rolling out Infrastructure Debt Fund by June end <br/>

Government is hopeful of rolling out the Infrastructure Debt Fund by the end of next month. The fund is expected to raise billions of dollars to boost infrastructure sector in the country. This was revealed by Secretary, Department of Economics Affairs, R Gopalan while addressing a seminar on Public...

May 11, 2011 1:23 PM

Sensex up 36 points

The BSE benchmark Sensex which opened over 62 points in opening trade, was trading at 18,549 points, up by 36 points a short while ago. The wide-based National Stock Exchange Nifty index was also up by 11 points at 5,552 points. Japan&apos;s Nikkei index was trading 0.65 per cent higher, while H...

May 11, 2011 10:05 AM

Rupee firms up by 7 paise

The Indian Rupee appreciated by 7 paise to Rs 44.67 per dollar today. The rupee had depreciated by 2 paise to close at Rs 44.74 against the US currency in yesterday&apos;s trade.

May 11, 2011 9:57 AM

Sensex opens over 62 points higher

The BSE benchmark Sensex opened over 62 points or 0.33 per cent higher, to trade at 18,575 in the first few minutes of trade today. The wide-based National Stock Exchange Nifty index also moved up by 15 points, or 0.28 per cent, to 5,556.Japan&apos;s Nikkei index was trading 0.65 per cent higher...

May 11, 2011 8:50 AM

SBI hikes lending rates by 75 basis points

Country&apos;s largest lender State Bank of India, SBI announced a hike in lending rates by 75 basis points. With this hike in lending rates housing, auto and other loans will become dearer for both new and existing borrowers. State-owned SBI has increased the base rate, or the minimum lending r...

May 10, 2011 6:00 PM

Sensex closes 16 points lower

Snapping two days of gains, the Sensex at the Bombay Stock Exchange closed with a small loss of 16 points, or 0.1 percent, at 18,513, after volatile trade, today. The Nifty at the National Stock Exchange fell 10 points, or 0.2 percent, to 5,541. Stock markets in Japan, China, and Singapore posted mo...

May 10, 2011 4:59 PM

Asked Finance Ministry to give time to auto companies on new CKD duty: Patel

Heavy Industries and Public Enterprises Minister Praful Patel today said his ministry has asked the Finance Ministry to give two years&apos; time to the auto industry to comply with the new import duty norms for completely knocked down (CKD) units. Talking to newspersons on the sidelines of a fu...

May 10, 2011 4:50 PM

Sensex closes 16 points lower

Snapping two days of gains, the Sensex at the Bombay Stock Exchange closed with a small loss of 16 points, or 0.1 percent, at 18,513, today. The Nifty at the National Stock Exchange fell 10 points, or 0.2 percent, to 5,541.

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