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February 8, 2011 6:21 PM
China has raised interest rates for the second time in just over a month as it steps up its fight against inflation. From tomorrow, the main lending and deposit rates will go up by another quarter of a percentage point. The Central Bank announced the hike in interest rates today. Inflation is regard...
February 8, 2011 5:25 PM
In another dismal day at the stock markets, the Sensex at the Bombay Stock Exchange dropped 261 points, or 1.5 percent, to close below the crucial 18,000 mark, at 17,776, today. The Sensex fell on continued concerns that inflation will trigger further interest rate hikes and trim corporate earnings....
February 8, 2011 1:46 PM
Giving up all its early gains, the Sensex at the Bombay Stock Exchange stood 154 points, or 0.9 percent in the negative zone, and slip below the key 18,000 mark, at 17,883, in afternoon trade, a short while ago. The Sensex fell as investors offloaded especially interest-rate sensitive stocks, on fea...
February 8, 2011 11:22 AM
The Indian rupee advanced by another 16 paise to 45 rupees 32 paise against the American currency in early trade. This follows persistent selling of dollars by banks and exporters in view of weak dollar overseas.The domestic unit resumed higher at 45 rupees 37 paise per dollar at the Interbank Forei...
February 8, 2011 10:49 AM
The rupee appreciated by 13 paise to 45 rupees 35 paise a dollar, continuing its rising streak for the sixth--straight session. The Indian currency was supported by higher opening on the stock market and dollar's weakness against other Asian units.Forex dealers said dollar's losses...
February 8, 2011 10:40 AM
The Sensex gained over 104 points in the opening trade on Tuesday amid a firming trend in overseas markets.The 30-share index of the BSE, which closed 29 points higher in the previous session, rose further by 0.58 per cent, to 18,141.51 points in the first few minutes of trade today.In a similar fas...
February 7, 2011 6:05 PM
The government has collected 3,17,501 crore rupees from direct taxes during the period from April to January of the current fiscal registering a growth of 20.37 per cent as compared to the same period in the last fiscal. The direct tax collection in the last fiscal during the period was 2,63,765 cro...
February 7, 2011 5:23 PM
Gold fell 65 rupees, to 20,340 rupees per ten grams at Delhi's bullion market, today, in line with a weak global trend. But silver ready strengthened 100 rupees, to 44,900 rupees per kilo, on increased buying by industrial units.In the global market, gold shed 0.2 per cent, to 1,346 dollars...
February 7, 2011 5:22 PM
Lifted by an encouraging GDP growth forecast for this fiscal, the Sensex at the Bombay Stock Exchange closed with a modest gain of 29 points, or 0.2 percent, at 18,037, today, on selective buying by investors, after fag-end profit-booking eroded initial gains. The Nifty at the National Stock Exchang...
February 7, 2011 2:32 PM
The petroleum Ministry says it is in favour of faster clearance to Vedanta Resources' 9.6 billion US dollar acquisition of Cairn India. However, the ministry wants state-owned ONGC's concerns addressed before that. Our correspondent quoting highly placed sources reports, the precon...
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