Business

March 7, 2011 8:39 PM

Gold hits record high, touches Rs 21 k mark

Gold surpassed all its record highs and breached the 21,000 rupees per ten grams mark on Monday in Mumbai on hectic trading by stockists and investment-driven buying triggered by bullish trend at the global level. Relentless rally on the back of speculative demand and strong industrial support pushe...

March 7, 2011 2:25 PM

Sensex down by over 332 pts during noon trading

The Bombay Stock Exchange benchmark Sensex fell by over 262 points in the early trade today. It was trading at 18157, down by over 332 points a short while ago. Analysts said the fall in Sensex is due to fresh spell of sell-off by funds, triggered by political worries and a weak trend on other Asian...

March 7, 2011 12:57 PM

Crude oil prices rises to two-and-a-half year high

Crude oil prices rose to a two-and-a-half year high amid concerns that the unrest in Libya could turn into a full-blown civil war. US crude rose by 1.81 dollar to 106.23 dollar per barrel, the highest price since September 2008. Brent crude gained 1.17 dollar to 117.14 dollar per barrel. There are c...

March 7, 2011 12:34 PM

STC floats bids to import 6000 tn of palmolein oil

State-owned trading firm State Trading Corporation, STC, has invited bids to import 6,000 tonnes of Palmolein oil for sale in the domestic market. The bids will close on Thursday and a decision on awarding the contract would be taken on the same day. STC said on its website, the consignment is to be...

March 7, 2011 12:33 PM

Sensex opens 262 points down on political worries

The Bombay Stock Exchange benchmark Sensex fell by over 262 points in the early trade today. It was trading at 18157, down by over 332 points a short while ago. Analysts said the fall in Sensex is due to fresh spell of sell-off by funds, triggered by political worries and a weak trend on other Asian...

March 7, 2011 12:04 PM

Rupee falls by 15 paise against US dollar

The rupee depreciated by 15 paise to 45.13 rupees per US dollar in early trade today. It had closed at 44.98 against the greenback in the previous session on Friday. Forex traders said that dollar gains against other Asian currencies and a weak opening on the stock market mainly put pressure on the ...

March 7, 2011 12:03 PM

Sensex opens 262 points down on political worries

The Bombay Stock Exchange benchmark Sensex fell by over 262 points in the early trade today. It was trading at 18174, down by over 311 points a short while ago. Analysts said the fall in Sensex is due to fresh spell of sell-off by funds, triggered by political worries and a weak trend on other Asian...

March 5, 2011 11:50 AM

24% hike in education budget

There is an increase of 24 per cent in the outlay for the education sector in the Budget for 2011-12. The budget proposes an allocation of over Rs 52 thousand crore for this sector. The increased allocation is important in the wake of number of measures taken by the government to strengthen national...

March 4, 2011 5:40 PM

Sensex closes with marginal loss

Snapping a four-day rally, the Sensex at the Bombay Stock Exchange ended with a marginal loss of 3 points, at 18,486, today, on profit-booking by investors. The Sensex had rallied more than 865 points in the past four trading sessions. But the Nifty at the National Stock Exchange managed to gain 3 p...

March 4, 2011 2:24 PM

Sensex gains 63 points in afternoon trade

The Sensex at the Bombay Stock Exchange surged 247 points to 18,737, in opening trade, this morning, on continued buying by funds, amid firm global bourses. But the benchmark index later surrendered most of its initial gains, to stand a much more modest 63 points in the positive zone, at 18,553, in ...

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