Business

February 16, 2011 1:04 PM

Oil price up in Asian trade

Oil prices were up in Asian trade today, lifted by continued protests in West Asia. New York's main contract, light sweet crude was up 38 cents to 84.70 dollar per barrel. Brent North Sea crude advanced 21 cents to 101.85 dollar. Analysts said oil prices in general are still expected to be ...

February 16, 2011 1:00 PM

Sensex down by nearly 35 pts

The Sensex, which opened 72 points up in the opening trade was down by nearly 35 points at 18239 points a short while ago. Similarly, the broad-based National Stock Exchange Nifty index was also down by nearly 12 points at 5469 points after a gain of 10 points in the morning trade.

February 16, 2011 11:24 AM

Sensex rises by over 72 pts

The BSE benchmark Sensex rose by over 72 points to 18,346 points in opening trade today on sustained buying by funds. The Sensex gained nearly 812 points in the previous three sessions. Similarly, the wide-based National Stock Exchange Nifty index gained over 10 points to 5,491 in opening trade toda...

February 15, 2011 9:07 PM

RBI warns public not to fall prey to fictitious offers

The Reserve Bank has warned the public not to fall a prey to fictitious offers of large prize money through e-mails, letters and other electronic modes of communications on payment of service charges. The Apex court said in a release that such offers are fraudulent and the public should immediately ...

February 15, 2011 8:40 PM

Inflation to come down to 7% by March end: Planning Commission

Planning Commission says that inflation will come down to seven percent by end of next month. Talking to reporters on the sidelines of a function in New Delhi today, Deputy Chairman of Planning Commission Montek Singh Ahluwalia said that the prices of vegetables will also come down significantly in ...

February 15, 2011 7:17 PM

State-run oil firms raise jet fuel price by 4%

State-run oil firms today raised jet fuel price by 4 per cent. In the ninth straight increase in rates since October, Aviation Turbine Fuel - ATF - rates in Delhi have been hiked by 2,104 rupees per kilolitre to 53,538 rupees with effect from midnight tonight. Indian Oil Corp, the nation's ...

February 15, 2011 6:35 PM

Switzerland relaxes norms for sharing information on secret bank accounts

Switzerland has relaxed norms for sharing information on secret bank accounts of overseas tax offenders by allowing varied modes of identification. At present, only name and addresses are accepted as valid identity modes. The move could help India in its black money trail. But the European nation wi...

February 15, 2011 5:59 PM

Sensex closes 72 points higher

Rallying for the third straight session, the Sensex at the Bombay Stock Exchange gained 72 points, or 0.4 percent, to close at 18,274, today, on continued value-buying by investors. The Nifty at the National Stock Exchange

February 15, 2011 12:54 PM

Inflation to come down to 7% by March end: Planning Commission

Planning Commission says that inflation will come down to seven percent by end of next month. Talking to reporters on the sidelines of a function in New Delhi today, Deputy Chairman of Planning Commission Montek Singh Ahluwalia said that the prices of vegetables will also come down significantly in ...

February 15, 2011 12:05 PM

Rupee appreciates 11 paise against dollar

The Indian rupee was up by 11 paise at 45.38 rupees against the US dollar in early trade today on sustained selling of the American currency by banks and corporates amid dollar weakness overseas. It moved in a range between 45.38 and 45.50 per dollar in morning deals.

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