Business

April 10, 2011 5:27 PM

Icelandic voters reject "Icesave" again

Britain and the Netherlands has maintained, that they are disappointed with voters in Iceland rejecting for a second time, a deal to compensate British and Dutch investors over the collapse of one of the Icelandic banks. The Dutch Finance Minister said the outcome was not good for any body. A Britis...

April 9, 2011 6:32 PM

Gold, Silver prices touch new peak

Gold and silver toched new peak at the bullion market in Mumbai on strong global cues. Standard gold shot up by 135 rupees per 10 grams to finish at 21,225 rupees. Silver ready jumped by hefty 1,880 rupees per kilogramme to 62,005. Speculative buying spree also triggered the hike.

April 8, 2011 7:14 PM

Sensex closes below 20K

Falling for the fourth straight session, the Sensex at the Bombay Stock Exchange lost 140 points, or 0.7 percent, to close at 19,451 today. The Nifty at the National Stock Exchange dropped 44 points, or 0.7 percent, to 5,842.Stock markets in Japan, China, Hong Kong, South Korea and Singapore gained ...

April 8, 2011 2:10 PM

Sensex slips 75 points in afternoon trade

Giving up all its initial gains, the Sensex at the Bombay Stock Exchange slipped 75 points or 0.4 percent into the red, at 19,516 in afternoon deals, a short while ago, amid sustained profit-booking by investors, in volatile trading. In the morning, however, the Sensex had gained 83 points, to 19,67...

April 8, 2011 2:01 PM

Govt sets aside Rs 617 crore tax demand on Satyam Computer

The government today informed the Supreme Court that it will set aside its order directing the scam-hit, IT firm Satyam Computer to pay 617 crore rupees as income tax. Attorney General Goolam E Vahanvati, appearing for the Central Board of Direct Taxes (CBDT), told the apex court that it would recal...

April 8, 2011 1:07 PM

Gold surges to record high, silver hits 31-year peak

Gold struck another record high in the global markets, today, as the dollar weakened against the euro, while silver hit a fresh 31-year high, after ETF holdings jumped to an all time high, on inflation worries driven by a surge in crude oil prices. Spot gold rose to a new all-time record of 1,466 do...

April 8, 2011 12:34 PM

Oil prices hold on to multi-year highs

World oil prices today stayed above multi-year highs. New York's benchmark West Texas Intermediate light sweet crude for May delivery rose 55 cents to 110.85 dollars per barrel after touching its highest level in two-and-a-half years in US trade Thursday. Brent North Sea crude for May deliv...

April 8, 2011 10:17 AM

Rupee gains 19 paise against US dollar in early trade

The Indian rupee appreciated by 19 paise to 44.01 per dollar at the Interbank Foreign Exchange today, supported by steady capital inflows and a higher opening in the stock market. The rupee had depreciated by 3 paise to close at 44.20 against the US currency in yesterday's trade.

April 8, 2011 10:16 AM

Sensex recovers by 83 points in opening trade

Snapping a three-session losing streak, the Bombay Stock Exchange benchmark Sensex recovered by almost 83 points in opening trade today on the back of selective buying by funds as well as retail investors amid a firming trend on other Asian bourses. The 30-share barometer, which has lost over 111 po...

April 7, 2011 7:51 PM

Food inflation falls

Food inflation fell to 9.18 per cent for the week ended March 26, the lowest level in almost four months. Food inflation stood at 9.50 per cent in the preceding week. The last time food inflation was lower than this level was during the week ended November 27 last year, when it was registered at 8.6...

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