Nigeria says there are enough opportunities for Indian companies to invest in gas sector. Addressing the 5th India-Nigeria Joint Commission meeting in New Delhi, the Foreign Minister of Nigeria H. Odein Ajumogobia said that a gas master plan is being prepared by his government to exploit enormous ga...

Sensex dips 200 points on weak Asian cues

The Bombay Stock Exchange index Sensex shed over 200 points on Thursday due to profit-booking in IT, FMCG and Auto sector stocks amid weak Asian cues. The 30-share sensitive index, Sensex of the Bombay Stock Exchange closed at 18149.87, down by 208.82 points. The 30-share index touched a low of 18,1...

BSE Sensex falls by over 200 points

The Sensex, which fell by nearly 150 points in opening trade today is still trading in the red zone. The 30-share index of the BSE that gained 191 points in the previous session fell by over 200 points to 18,140 points a short while ago. Banking, auto, realty and IT stocks leading the fall. In a sim...

RBI hikes key policy rates by 25 basis points

Home and auto loans may cost more as the RBI raised its short-term lending and borrowing rates by 25 basis points each yet again today with a view to check spiralling prices of essential commodities. This is the eighth time since March 2010 the RBI has resorted to policy rate hike to tackle inflatio...

RBI hikes key policy rates by 25 basis points

Amidst high food inflation, falling industry output and uncertain crude oil prices, the Reserve Bank of India hiked key policy rates by 25 basis points in its mid-quarterly review today. With this, the repo rate now stands at 6.75 per cent from 6.5 per cent, while the reverse repo rate is at 5.75 pe...

Food inflation falls to a three and-a-half-month low

Food inflation fell to a three and-a-half-month low of 9.42 per cent for the week ended March 5 as prices of potato and pulses declined. The drop in inflation, which is still not in comfort zone, is viewed as a breather for the government grappling with high price rise of essential commodities. Food...

Japanese yen hits its highest level against US dollar

The Japanese yen has hit its highest level against the US dollar since the end of the Second World War. The yen climbed as high as 76.25 against the dollar in US trading on Wednesday. Today, in Asia, it was closer to 79.42. The Nikkei 225 index shed 2.7 per cent to 8,845 on concerns about the impact...

Rupee falls by 14 paise against US dollar

The Indian Rupee fell by 14 paise to 45.25 rupees a dollar in early trade weighed down by a lower opening on the stock market and weakness in other Asian currencies overseas. Forex dealers said a lower opening in the stock market and fall in other Asian currencies put pressure on rupee.

BSE Sensex falls by nearly 150 points in opening trade today

The Sensex fell by nearly 150 points in opening trade today on selling by funds ahead of the RBI monetary policy amid weak trend on Asian bourses. The 30-share index of the BSE that gained 191 points in the previous session fell by 150 points to 18,209 points with banking, auto, realty and IT stocks...

India-Nigeria bilateral trade to touch US $12 bn

The bilateral trade between India and Nigeria is expected to touch 12 billion US Dollars in the current fiscal. In a bilateral meeting with Nigerian Foreign Minister Henry Odein Ajumogobia in New Delhi on Wednesday, the Commerce and Industry Minister Mr. Anand Sharma said, the bilateral trade betwee...