Sensex down 150 points

The Sensex, which opened 72 points up in the opening trade was down by nearly 150 points at 18,052 points at 1100 hours with initial gains erased by the emergence of heavy profit-booking in capital goods and realty stocks. Similarly, the broad-based National Stock Exchange Nifty index was down by 46...

America oil giant Chevron fined $ 8.6 billion in Ecuador

A court in Ecuador has fined the America oil giant Chevron 8.6 billion dollars for polluting a large part of the country's Amazon region. The Texaco oil company which merged with Chevron in 2001 was accused of dumping billions of gallons of toxic materials into unlined pits and Amazon river...

Sensex gains 72 points in opening trade

The Sensex gained 72 points in opening trade today on continued buying by foreign funds and retail investors. The 30-share index of the Bombay Stock Exchange, which rallied by nearly 740 points in the previous two sessions, rose by another 72 points to 18,274 points in the first few minutes of trade...

Rupee depreciates 9 paise against dollar

The Indian rupee fell by 9 paise to 45.40 rupees against the US dollar in early trade. Forex dealers said dollar gains against the euro and other currencies mainly put pressure on the Indian rupee, but a higher opening in the stock market restricted the losses.

Environment Ministry clears Jindal steel plant in Orissa

Environment Ministry has cleared the Jindal Steel and Power Ltd's integrated steel plant in Orissa. Laying down the conditions, the Ministry directed the company to earmark two per cent of its net profit for Corporate Social Responsibilities. It also asked the company to take continuous mon...

After being given a lifeline, Lavasa today applied afresh for environmental clearance to the first phase of its 3000-crore rupees hill city project near Pune, which is being considered by a high-level committee. Environment Minister Jairam Ramesh said today that Lavasa has applied for phase-I cleara...

Dhaka Stock exchange falls for second consecutive day

Sensex zooms over 473 points

The Sensex today zoomed over 473 points, biggest single day gain in four months to 18,202 points, as investors bought sound stocks at lower levels despite capital outflows. A slew of positives like easing inflation, market regulator Sebi's decision to probe the recent downslide in stock mar...

Inflation down marginally to 8.23 % from 8.43 %

Inflation declined marginally to 8.23 per cent in January from 8.43 per cent in the previous month, as prices of certain commodities like wheat, pulses and sugar eased, although essential items like onion and other vegetables continue to remain dearer. However, vegetable and fruits continued to rema...

Coal India to set up 20 new washeries

Coal Minister Sriprakash Jaiswal today said Coal India will set up 20 new washeries with a combined capacity of 111 million tonnes to help realise a better price for its produce. Addressing a coal gas summit in New Delhi, Jaiswal said the remaining are non-coking coal washeries, with a total capacit...