Business

March 11, 2011 10:34 AM

Rupee falls by 7 paise against US dollar

The rupee depreciated by 7 paise to 45.25 per US dollar in early trade at the Interbank Foreign Exchange today, weighed down by dollar gains against other Asian currencies and a weak start in the stock market. Forex traders said that dollar gains against other Asian currencies and a weak opening in ...

March 11, 2011 10:33 AM

Sensex down by 127 points in opening trade

The Bombay Stock Exchange benchmark Sensex fell by over 127 points in opening trade today on continued selling by foreign funds amid a subdued trend in global markets over weak US economic data and unrest in Saudi Arabia. The 30-share barometer, which lost 141.97 points in the previous session, lost...

March 10, 2011 8:48 PM

SBI to come out with Rs 20,000 crore rights issue

The country's largest bank State Bank of India (SBI) today said it is likely come out with Rs 20,000 crore rights issue in the first quarter of the next fiscal. Rights issue is likely to be out in the April-June quarter of 2011-12, SBI Chairman O P Bhatt said after inaugurating the 1000th b...

March 10, 2011 6:38 PM

Sensex drops 142 points

Snapping two-days of gains, the Sensex at the Bombay Stock Exchange dropped 142 points, or 0.8 percent, to 18,328, today, on profit-booking by investors, amid rising crude oil prices, and falling Asian and European markets. The Nifty at the National Stock Exchange shed 37 points, or 0.7 percent, to ...

March 10, 2011 2:27 PM

Net direct tax collections up by 20.75 per cent in April-Feb, 2010-11

The net direct tax collections rose by 20.75 per cent and stood at over 3.36 crore rupees during the current financial period form April to February. According to an official release, during the same period in the last fiscal, direct tax collections was about 2.78 crore rupees. The Corporate income ...

March 10, 2011 2:13 PM

Sensex recovers in afternoon trade on easing food inflation

The Sensex at the Bombay Stock Exchange, which had opened 153 points lower Thursday morning, later declined more than 200 points in late morning deals. But a fall in the latest food inflation numbers to a single digit helped the Sensex stage a partial recovery, and stand 130 points, or 0.7 percent i...

March 10, 2011 1:59 PM

Food inflation falls to 9.52 per cent

After a gap of nearly three months, food inflation fell to a single digit at 9.52 per cent for the week ended February 26 on account of a decline in prices of potatoes, pulses and wheat. Food inflation had stood at 10.39 per cent in the previous week. The rate of price rise of food items has fallen ...

March 10, 2011 1:53 PM

Sensex down by 130 points

The Sensex at the Bombay Stock Exchange, which had opened 153 points lower Thursday morning, later declined more than 200 points in late morning deals. But a fall in the latest food inflation numbers to a single digit helped the Sensex stage a partial recovery, and stand 130 points, or 0.7 percent i...

March 10, 2011 1:05 PM

India's exports up by 49.8 per cent in February

India's exports went up by 49.8 per cent year-on-year to 23.6 billion US Dollars in February on the back of increased demand from markets like North America, Asia and Africa. During April-February, 2011, the country's merchandise shipments grew by 31.4 per cent to 208.2 billion US ...

March 10, 2011 12:27 PM

Food inflation falls to 9.52 per cent

After a gap of nearly three months, food inflation fell to a single digit at 9.52 per cent for the week ended February 26 on account of a decline in prices of potatoes, pulses and wheat. Food inflation had stood at 10.39 per cent in the previous week. The rate of price rise of food items has fallen ...

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