Business

January 28, 2011 12:30 PM

Oil prices dip in Asian trade

Crude prices fell in Asian trade today as investors braced for further interest hikes in China, the world's largest energy consumer. New York's main contract, light sweet crude was down 49 cents at 85.15 dollar per barrel. Brent North Sea crude dipped two cents at 97.37 dollar.Repo...

January 28, 2011 11:51 AM

Sensex down 138 points

The Bombay Stock Exchange benchmark Sensex recovered by over 36 points in the opening trade today. However, later it lost it initial gains and was trading at 18545, down by 138 points a short while ago . On global front, the US Dow Jones Industrial Average ended marginally higher by 0.04 per cent in...

January 28, 2011 11:51 AM

SAIL to sell its 5% stake through public offer

Steel Authority of India SAIL, proposes to sell its five percent stake through a public offer in the current fiscal. SAIL Chairman C S Verma told reporters this in New Delhi last evening. He added that Attorney General of India G E Vahanvati has given the legal opinion on the issue. Our corresponden...

January 28, 2011 11:29 AM

SAIL proposes to bring follow-on public offer

Steel Authority of India SAIL, proposes to bring follow-on public offer of the company in the current fiscal. SAIL Chairman C S Verma told reporters this in New Delhi last evening. He added that Attorney General of India G E Vahanvati has given the legal opinion on the issue. AIR correspondent repor...

January 28, 2011 10:28 AM

Rupee depreciates by 13 paise

The Indian rupee depreciated by 13 paise to 45.70 rupees against a dollar today. It had closed at 45.57 rupees against the greenback in the previous session.Dealers said dollar's gains against other currencies overseas and month-end demand for the American currency weighed on the rupee sent...

January 28, 2011 9:54 AM

Sensex down 75 points

The Bombay Stock Exchange benchmark Sensex recovered by over 36 points in the opening trade today. However, later it lost it initial gains and was trading at 18608, 75 points down. On global front, the US Dow Jones Industrial Average ended marginally higher by 0.04 per cent in yesterday's t...

January 27, 2011 8:31 PM

Sensex loses 285 points to settle at 18,684

The Sensex today fell over 285 points to 18,684 points amid rising food inflation and fears of further hike in interest rates. The Sensex had lost 182 points in the previous session, after the Reserve Bank of India had increased key rates for the seventh time since last March. Besides, investors and...

January 27, 2011 6:22 PM

BIS releases National Lighting Code

Bureau of Indian Standards on Thursday released the National Lighting Code aimed to conserve energy and minimize light pollution. Releasing the Code, Consumer Affairs Secretary Rajiv Aggarwal said that efforts should be made to encourage affordable and efficient lighting techniques to provide maximu...

January 27, 2011 4:55 PM

Sensex falls over 285 points amid rising food inflation

The Sensex today fell over 285 points to 18,684 points amid rising food inflation and fears of further hike in interest rates. The Sensex had lost 182 points in the previous session, after the Reserve Bank of India had increased key rates for the seventh time since last March. Besides, investors and...

January 27, 2011 1:39 PM

Sensex trading below 19K

The Sensex at the Bombay Stock Exchange climbed 117 points in opening trade, this morning, on bargain-hunting by investors, after better-than-expected third quarter earnings by some corporates. But the Sensex later surrendered all its initial gains, on broad-based selling, to stand 161 points, or 0....

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