Business

January 14, 2011 6:24 PM

Sensex down by 322 pts in closing trade

The Sensex at the Bombay Stock Exchange plunged 322 points to close below the crucial 19,000 level for the first time in four months, at 18,860, today.Sensex closed in red as investors continued to fret that the Reserve Bank will hike key interest rates to tame inflation.The Nifty at the National St...

January 14, 2011 2:10 PM

Sensex gains 190 points in afternoon trade

After a weak opening, the Sensex at the Bombay Stock Exchange staged a smart recovery, on emergence of strong buying interest, to stand a good 190 points, or 1 percent in the green, at 19,373, in afternoon trade, a short while ago. However, earlier in the morning, the Sensex had opened 91 points in ...

January 14, 2011 1:47 PM

Inflation rises to 8.43 pc

Inflation rose by 0.95 percent to reach 8.43 per cent in December 2010. It was 7.48 per cent in the November. The rise in inflation is due to increase in prices of certain food and non-food items. After moderating somewhat in November, the overall inflation, measured on the basis of wholesale prices...

January 14, 2011 11:21 AM

Sensex slips 90 points in opening trade

The Bombay Stocks Exchange benchmark Sensex lost 90 points at 19,092 in the Friday morning trade today. Analysts said the loss in Sensex is due to mixed trend overseas and continued selling by funds and retail investors.In other markets in Asia, Japan's Nikkei lost 0.40 per cent while Hong ...

January 14, 2011 10:40 AM

Rupee down by 6 paise against dollar

The Indian rupee depreciated by 6 paise to 45.30 rupees a dollar in the morning trade on Friday. It had closed at 45.24 rupees a dollar in the previous session. Dealers said Dollar's gains against major currencies overseas and lower opening on the stock market weighed on the rupee sentiment...

January 14, 2011 10:39 AM

Sensex slips 90 points in opening trade

The Bombay Stocks Exchange benchmark Sensex lost 90 points in the opening trade today. It was trading at 19052, down by over 129 points. Analysts said the loss in sensex is due to mixed trend overseas and continued selling by funds and retail investors. In other markets in Asia, Japan's Nik...

January 13, 2011 9:23 PM

Centre unveils new policy for shipping sector

The government on Thursday unveiled a new policy for the Shipping sector that entails an investment of Five lakh crore rupees by 2020 to take the ports capacity to 3,200 Metric Tonnes.Shipping Minister G K Vasan said this in New Delhi while launching the New maritime policy. He said, out of the 5 la...

January 13, 2011 8:49 PM

Sensex slumps 351 points on disappointing results by Infosys

Stock markets fell sharply on Thursday, with the BSE benchmark Sensex plunging 351 points to 19,183. Markets fell onbelow-expectation quarterly results posted by software major Infosys and heavy selling in banking scrips on fears of interest rate hike. Erasing Wednesday's gain of 338 points...

January 13, 2011 6:52 PM

Shipping ministry preparing legislation to replace Indian Ports Act

Centre unveils new policy for shipping sector The government on Thursday unveiled a new policy for the Shipping sector that entails an investment of Five lakh crore rupees by 2020 to take the ports capacity to 3,200 Metric Tonnes.Shipping Minister G K Vasan said this in New Delhi while launching the...

January 13, 2011 6:34 PM

Company Law Board allows IL & FS to take over Maytas

The Company Law Board (CLB) on Thursday allowed infrastructure finance company, IL and FS to take over Maytas Properties, a company promoted by the family members of disgraced Satyam founder Ramalinga Raju. Briefing repoprters about the board decision the Corporate Affairs Minister Salman Khurshid s...

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