Business

April 18, 2011 2:01 PM

Oil prices down in Asian trade on profit-taking

Oil dipped in Asian trade on Monday as traders locked in profits after gains last week, analysts said.New York's main contract, light sweet crude for delivery in May fell 70 cents to USD 108.96 a barrel.Brent North Sea crude for June eased 42 cents to USD 123.03."After three days o...

April 18, 2011 12:58 PM

Sensex down by 171 points

The Sensex, which rallied by 219 points in the early trade is now down by 171 points at 19215 level. The 30-share barometer which zoomed over 200 points on renewed buying, mainly, in Auto, Consumer Durable, Oil and Gas, Capital Goods and Banking counters plunged in the afternoon trade. Similarly, th...

April 18, 2011 12:12 PM

Sensex rallies by 219 points in early trade

The Sensex rallied by 219 points in the early trade on renewed buying, mainly, in Auto, Consumer Durable, Oil and Gas, Capital Goods and Banking counters amid firm Asian cues. The 30-share barometer, which last Friday slipped 310 points on inflation worries and disappointing quarterly results by IT ...

April 18, 2011 10:20 AM

Rupee up by 6 paise against US dollar

The Rupee strengthened by 6 paise to 44.27 rupees against the US dollar in early trade on the Interbank Foreign Exchange today, aided by capital inflows and a firming trend in the stock market. However, dollar's rise against euro and other major currencies overseas, limited its gains.

April 18, 2011 10:19 AM

Sensex gains 55 points in opening trade

The Sensex today opened almost 55 points higher than its previous close on emergence of select buying by funds and retail investors amid a firming trend on other Asian bourses. The 30-share barometer, which last Friday slipped 310 points on inflation worries and disappointing quarterly results by IT...

April 17, 2011 8:41 PM

Surging oil prices could jeopardize recovery of global economy, warns India

India has warned that surging oil prices could jeopardise recovery of the global economy.Addressing the Spring Meeting of the IMF in Washington RBI Governor Duvvuri Subbarao said apart from the inflationary pressures confronting particularly the emerging and developing countries, there is the danger...

April 17, 2011 5:20 PM

China assures India of steps to reduce trade imbalance

China has assured India of steps to reduce trade imbalance with New Delhi. Talking to reporters on board the special aircraft after his five day visit to China and Kazakhstan, Prime Minister Dr Manmohan Singh said that the Chinese President Hu Jintao conceded that it is the responsibility of Beijing...

April 17, 2011 5:18 PM

Chinese central bank raises CRR fourth time this year

China's central bank has raised the cash reserve ratio by banks for the fourth time this year. The latest move, raising the required reserve ratio from 20% to a record 20.5%, is expected to lock up about 350 billion yuan or $54 billion that banks would otherwise be able to lend. By insistin...

April 17, 2011 2:36 PM

Tax collection exceeds revised target for 2010-11

The actual direct and indirect tax collection has reached to 7 lakh 92 thousand crore rupees during the fiscal year 2010-11 exceeding even the revised estimate, on the back of strong economic growth. The collection is 12 thousand crore rupees more than the revised estimates of 7 lakh 80 thousand cro...

April 17, 2011 2:20 PM

China assures India of steps to reduce trade imbalance with New Delhi

China has assured India of steps to reduce trade imbalance with New Delhi. Talking to reporters on board the special aircraft after his five day visit to China and Kazakhstan, Prime Minister Dr Manmohan Singh said that the Chinese President Hu Jintao conceded that it is the responsibility of Beijing...

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