Business

February 22, 2011 2:25 PM

Crude oil prices cross $100 per barrel

U.S. crude futures hit a two and half year high, today, on concern that violence in Libya could cut more of the OPEC-member's output, and that a similar story could play out in other top oil producers in North Africa and West Asia. As deadly clashes wracked Libya's biggest cities, ...

February 22, 2011 1:45 PM

Sensex trading 96 points down

The Sensex at the Bombay Stock Exchange fell 155 points, or 0.8 per cent, to 18,283 in opening trade, today, on profit-booking by investors, and a negative trend on the other key Asian bourses. After paring its losses, somewhat, the Sensex still stood 96 points, or 0.5 percent in the red, at 18,342,...

February 22, 2011 12:26 PM

Sensex trading 86 points down

The Bombay Stock Exchange benchmark Sensex which fell by over 155 points in opening trade today recovered slightly and was trading 86 points down at 18,351 points a shortwhile ago. National Stock Exchange Nifty was also trading 30 points down at 5,489. It opened 52 points down at 5,467 points. Hong ...

February 22, 2011 10:23 AM

Rupee sheds 20 paise

The Indian rupee shed 20 paise from a seven-week high to 45 rupees 18 paise per US dollar in early trade. The Indian rupee rose by 21 paise to a 7-week high of 44 rupees 98 paise against the US currency yesterday amid a rally in the domestic equity market accompanied by increased foreign capital inf...

February 22, 2011 9:58 AM

Sensex falls by 155 points in opening trade

The Bombay Stock Exchange benchmark Sensex fell by over 155 points in opening trade today. This follows investors locking in gains in yesterday's session amid a weak trend on other Asian bourses. However, an early rally in stocks of Reliance Industries, the most valuable scrip in the 30-sha...

February 22, 2011 8:45 AM

Reliance sells 30% stake in 23 blocks to BP for $ 7.2 billion

In one of the country's biggest energy deals, Reliance Industries has announced sale of 30 per cent stake in its 23 blocks including the giant KG-D6 gas fields to UK's BP Plc for 7.2 billion US Dollars. The two companies said in identical statements that besides the stake transfer,...

February 22, 2011 8:37 AM

BSNL reduces post-paid broadband tariffs by up to 75 %

Initiating a price war in the broadband segment, state-run BSNL has announced a reduction in post-paid broadband tariffs by up to 75 per cent. BSNL offers tariff in two categories -- home users and general users. Under both categories, tariffs are available in limited and unlimited downloads. Offici...

February 22, 2011 8:35 AM

Reliance sells 30% stake in 23 blocks to BP $ for 7.2 billion

In one of the country's biggest energy deals, Reliance Industries has announced sale of 30 per cent stake in its 23 blocks including the giant KG-D6 gas fields to UK's BP Plc for 7.2 billion US Dollars. The two companies said in identical statements that besides the stake transfer,...

February 21, 2011 8:13 PM

Sensex surges 227 points to close at 18,438

The Sensex at the Bombay Stock Exchange surged 227 points, or 1.3 percent on fag-end buying interest, to close at 18,438, on Monday. The Nifty, at the National Stock Exchange added 60 points, or 1.1 percent, to 5,519.Asian markets ended mixed on Monday. Japan's Nikkei gained 0.1 percent and...

February 21, 2011 7:59 PM

Sensex surges 227 points to close at 18,438

The Sensex at the Bombay Stock Exchange surged 227 points, or 1.3 percent on fag-end buying interest, to close at 18,438, on Monday. The Nifty, at the National Stock Exchange added 60 points, or 1.1 percent, to 5,519.Asian markets ended mixed on Monday. Japan's Nikkei gained 0.1 percent and...

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