Food inflation falls to 9.5 per cent

Food inflation fell by 0.5 per cent to 9.5 per cent for the week ended March 19. It was 10.05 per cent for the preceding week. The fall in food inflation rate is mainly due to easing pulses prices, even though fruits and protein-based items remained costly. Data released today indicates that during ...

Sensex gains over 183 points in midsession

The Bombay Stock Exchange benchmark Sensex gained over 137 points in opening trade on the last day of the 2010-11 financial year. It was trading at 19473, up by over 183 points a short while ago. Brokers said overnight gains in the US market and a firm trend on Asian bourses buoyed the trading senti...

US Treasury Secretary opens G20 meeting in China

US Treasury Secretary Timothy Geithner has kicked off the G20 meeting in Nanjing, China with a call for more consistency in international currency exchange rates. Mr Geithner said tight control of currency pricing by some countries was hurting global economy. The United States and other developed na...

Oil prices up in Asian trade

Oil prices were up in Asian trade on Thursday. New York's main contract, light sweet crude gained over 28 cents to 104.55 dollars per barrel. Brent North Sea crude gained 20 cents to 115.33 dollars per barrel. Analysts said crude markets were being supported by a rally in the US equities ma...

Rupee gains 5 paise against US dollar in early trade

The Indian rupee appreciated by 5 paise to 44.69 rupees per dollar on Thursday. It had closed at 44.74 against the dollar in the previous session on Wednesday. Forex dealers said the rupee strengthened against the dollar due to higher opening in the domestic stock market and dollar weakness against ...

Sensex gains over 137 points in opening trade

The Bombay Stock Exchange benchmark Sensex gained over 137 points in opening trade on the last day of the 2010-11 financial year. It was trading at 19421, up by over 131 points a short while ago. Brokers said overnight gains in the US market and a firm trend on Asian bourses buoyed the trading senti...

EPFO entrusts SBI to manage entire retirement fund for interim period

Turning down the proposal of the private players for providing retirement funds, Employees Provident Fund Organisation (EPFO) on Wednesday entrusted the State bank of India (SBI) to manage its corpus of over three lakh crore for three months ending this June. After heading the meeting of Central Boa...

Mozambique invites Indian SMEs to collaborate with its companies

Mozambique has invited Indian small and medium units to collaborate with its companies aimed to promote the sector's growth. Mozambique Minister of Industry and Commerce Armando Inroga called on Micro, Small and Medium Enterprises, MSME, Minister Virbhadra Singh in New Delhi on Wednesday. M...

Sensex gains over 169 points on positive global cues

Rallying for the seventh day in a row, the Sensex at the Bombay Stock Exchange gained 169 points, or 0.9 per cent, to close at 19,290 on Wednesday. The market rose on sustained strong buying by foreign funds, rising global bourses, and easing of global crude oil prices from a recent two-and-a-half-y...

Money laundering case: ED gets nod to question Hasan Ali