Sensex marginally rises by 24 pts

The Sensex at the Bombay stock exchange on Monday day ended the day with modest gains. It marginally rose by 24 points to close at 19,889. Most of the benchmark stock indices ended the day nearly flat even as some of the Small-Cap stocks kept the market sentiments positive. IT shares continued their...

Sensex recovers early losses in mid-session led by auto, IT

The Sensex recovered early losses in mid-session break led by auto and IT sector. The 30 share barometer which fell by almost 100 points in opening trade today is now trading 135 points up. Similarly, the wide-based National Stock Exchange Nifty index also declined by 34 points to 5,914 points is no...

Inflation to stabilise at 5.5% by March, says PM

With the rate of price rise moderating in recent months, Prime Minister Manmohan Singh today exuded confidence that inflation will stabilise at around 5.5 per cent by March next year. Pointing out that the government had taken several steps to check rising prices, he said, government will continue t...

Rupee down by 28 paise against dollar in early trade

The Indian rupee fell by 28 paise to 45.62 Rupees against the US dollar in early trade. Forex dealers said in addition to the gains made by the dollar against other Asian currencies, a lower opening in the stock market also put pressure on the Indian rupee.

Sensex down by 100 points in opening trade

The Sensex fell by almost 100 points in opening trade today on profit-booking by funds amid a weak trend in the Asian region. The 30-share barometer, which had gained 217 points in the previous session on Thursday, fell by 100 points to 19,765 in the first five minutes of trade. Similarly, the wide-...

Iran scraps subsidies

In Iran, prices of some items of energy changed from today due to scrapping of subsidies from energy products. According to Iranian news agency IRNA, President Mahmoud Ahmadinejad announced this in a live TV interview. He said, Iran has huge reservoirs of petroleum and natural gas but the consumptio...

Indirect taxes collections go up by 42 per cent

Revenue collection from indirect taxes has gone up by 42 percent. An official release says, the collection during April to November period was 2 lakh and 7 crore rupees, against 1.45 lakh crore made during the same period last year. With this almost 66 percent of the overall target of 3.13 lakh cror...

SBI NRI facilitation centre to offer matrimonial assistance

Centre to invest more in infrastructure development

Government on Thursday emphasized on the need to increase the investment in infrastructure development, education and health sectors. While talking to reporters in New Delhi Finance minister Mr. Pranab Mukherjee said that the investment will make the growth process more inclusive and sustainable. He...

Food inflation up by 0.86 per cent

Food inflation rose by 0.86 percent point to 9.46 per cent for the week ended December 4 on account of higher prices of rice, vegetables, milk and fruits. It stood at 8.60 per cent in the previous week. This is the second consecutive week in which food inflation has increased. While prices of rice r...