Business

February 17, 2011 7:29 PM

Govt. to lift ban on export of onions<br/>

Government today decided to lift ban on export of onions after its prices almost crashed in the domestic market, which triggered farmers&apos; protest. The decision to this effect was taken by an Empowered Group of Ministers (EGoM) on Food headed by Finance minister Pranab Mukherjee. The governm...

February 17, 2011 2:16 PM

Satyam to pay USD 125 mn to settle US fraud litigation

Mahindra Satyam, formerly known as Satyam Computer Services, on Thursday said it has agreed to pay USD 125 million to settle a clutch of class action suits filed against the company in a United States District Court.According to Mahindra Satyam Chairman Vineet Nayyer, the amount will be delivered to...

February 17, 2011 1:48 PM

Rupee up in early trade amid sustained dollar-selling

The Indian rupee was up by 16 paise at 45 rupees 36 paise per US dollar in early trade amid sustained dollar-selling by banks and corporate and greenback weakness overseas.At the Interbank Foreign Exchange, the domestic unit opened higher at 45 rupees 45 paise per dollar against Tuesday&apos;s c...

February 17, 2011 1:28 PM

Food inflation falls for 2nd straight week

Food inflation fell for the second straight week to a nine-week low of 11.05 per cent for the week ended February 5. This follows decline in pulses, wheat and potato prices. Food inflation fell by 2.02 percentage points during the week ended February 5 from 13.07 per cent in the week ended January 2...

February 17, 2011 1:28 PM

Sensex rises by 171 pts in afternoon trade

Sensex opens 31 pts down in opening trade rose by 171 points in the afternoon trade The Sensex ,which opened 31 points down in opening trade rose by 171 points in the afternoon trade. Similarly, the broad-based National Stock Exchange Nifty index is also up by nearly 56 points at 5538 points.

February 17, 2011 11:56 AM

Sensex climbs 51 points in afternoon trade

The Sensex in the Bombay Stocks exchange climbed 51 points in the afternoon trade at 18362 points a short while ago. Sensex fell by over 31 points in opening the trade. Similarly, the broad-based National Stock Exchange Nifty index is also up by nearly 19 points at 5503.80 points.

February 17, 2011 10:15 AM

Sensex opens 31 pts lower

Sensex fell by over 31 points in opening trade today as investors locked in gains registered during the previous four sessions. The 30-share barometer, which rallied by nearly 840 points the previous four sessions, slid to 18,271 points in the first few minutes of trade as realty, oil and gas and ca...

February 16, 2011 6:14 PM

Sensex ends with marginal gains; up by 27 pts

Maintaining its gaining spree for fourth consecutive sessions, the market on Wednesday gained marginally to end in the green. The benchmark index at the Bombay Stock Exchange which opened 72 points up in the early trade saw a downfall later to finally end 27 points higher at 18300. Nifty remained al...

February 16, 2011 2:09 PM

Govt expects steel demand likely to grow

Buoyed by strong economic growth, the Government is expecting that steel demand is likely to grow at a higher annual average growth of over 10 per cent in the next five years as compared to 8 per cent of growth in the last fiscal. Chairng the meeting of consultative committee of Ministry of Steel in...

February 16, 2011 2:09 PM

Sensex up by nearly 29 pts

The Sensex, which opened 72 points up in the opening trade was up by nearly 29 points at 18303 points a short while ago. Similarly, the broad-based National Stock Exchange Nifty index was also up by nearly 6 points at 5487 points after a gain of 10 points in the morning trade.

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