Business

March 1, 2011 1:25 PM

TN reduces sales tax on petrol

The Tamil Nadu State Government has reduced the sales tax on petrol from 30 to 27 percent in view of rising prices of crude oil in the international market. In a press release today, the State Government has said that due to this reduction the State Government will incur aloss of 210 crores rupees a...

March 1, 2011 12:45 PM

Sensex up 416 points in afternoon trade

Sensex at the Bombay stock exchange climbed 416 points at 18,239 in afternoon trade a short while ago. It rose 208 points in opening trade as investors embarked on a buying spree. Similarly the wide-based National Stock Exchange Nifty index moved up by 133 points, to 5466 points.

March 1, 2011 12:41 PM

Oil mixed in Asian trade

Crude prices were mixed in Asian trade today as Saudi Arabia's pledge to ensure sufficient supplies partially eased investor worries. New York's contract for April delivery fell five cents to 96.92 dollar and Brent North Sea crude for April delivery was up 21 cents to 112.01 dollar...

March 1, 2011 11:59 AM

Sensex up 333 points<br/>

Sensex at the Bombay stock exchange climbed 333 points at 18,156 in noon trade. It rose 208 points in opening trade as investors embarked on a buying spree. Similarly the wide-based National Stock Exchange Nifty index moved up by 102 points, to 5435 points.

March 1, 2011 10:13 AM

Sensex opens 208 points higher<br/>

The Sensex at the Bombay Stock Exchange rose 208 points in opening trade today as investors embarked on a buying spree. Market sentiments were cheered up by proposals in the 2011-12 Budget for raising FII investment limits and slashing surcharge on corporate tax. The Sensex, which gained nearly 200 ...

March 1, 2011 10:12 AM

Rupee appreciates by 15 paise against dollar<br/>

The Indian rupee gained 15 paise to Rs 45.12 per dollar at the Interbank Foreign Exchange today on the back of dollar weakness against other currency rivals. Forex dealers said, continued weakness of the dollar against other currencies and shifting of funds from the forex market to firming equities ...

February 28, 2011 9:42 PM

State-owned oil firms raise jet fuel price by 3.4%<br/>

The state-owned oil firms today raised jet fuel price by 3.4 per cent in line with spike in crude oil prices.Aviation turbine fuel or ATF rates in Delhi have been hiked by 1,870 rupees per kilolitre to 54,933 rupees per kiloletre with effect from midnight tonight. This was announced by an official o...

February 28, 2011 6:50 PM

Gold up marginally

Gold inched up 10 rupees, to 21,180 rupees per ten grams at Delhi&apos;s bullion market, today, on buying for the ongoing marriage season, amid a firm global trend. Silver rose 300 rupees, to another record high of 50,550 rupees per kilo. In the global markets, gold climbed 0.3 per cent, to 1,41...

February 28, 2011 6:17 PM

Sensex closes 122 points higher

After erasing most of its intra-day gains, the Sensex at the Bombay Stock Exchange closed 122 points, or 0.7 percent higher, at 17,823, following the presentation of the Union Budget, today. Earlier in the day, hecting buying had lifted the Sensex nearly 600 points, as investors cheered the budget p...

February 28, 2011 5:19 PM

Sensex closes 122 points higher

After erasing most of its initial gains, the Sensex at the Bombay Stock Exchange closed 122 points higher, at 17,823, following the presentation of the Union Budget for 2011-12, today. The Nifty rose 30 points, to 5,333.

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