Freezing Temp. in Europe push oil prices

Freezing temperatures in Europe helped push oil prices above 89 dollars in Asian trade today, with sharp US crude inventory falls providing further cheer to the markets. New York's main contract, light sweet crude was up 79 cents to 89.07 dollars a barrel. Brent North Sea crude climbed 72 c...

Power Finance Corp., to disinvest 20% fresh equity

The Power Ministry today said all efforts are being made to bring the 20 per cent follow-on-public (FPO) offer of state-run Power Finance Corporation, PFC, in the current financial year. Power Secretary P Uma Shankar told this to reporters on the side lines of a function in New Delhi. The FPO compri...

Sensex nosedives losing 145 pts to trade at 19551

Erasing its' early gains, the Bombay Stock Exchange benchmark Sensex nosedived by 145 points at the midsession today, on emergence of profit-booking on reports of a rise in food inflation. The food inflation for the week ended November 27, rose to 8.69 per cent from 8.60 per cent in the pre...

Sensex opens in Green with 75 pts up

The Bombay Stock Exchange benchmark Sensex today opened 75 points up on the back of selective buying by funds and retail investors amid better global cues. The 30-share index, which had lost nearly 285 points in the past two sessions, rose to 19,771 points, with oil and gas, metal and IT sector stoc...

Bank interests up on short-term funds from corporates & others

Banks have increased interest rates up to 9.5 per cent on Certificates of Deposit (CDs), an instrument through which they mop up short-term funds from corporates and other investors.Official sources said that Banks are offering 9.2 per cent to 9.5 per cent on CDs to raise additional funds from compa...

India's exports up by 26.8%

India's exports have gone up by 26.8 percent. It touched 18.9 billion Dollars in November with a huge turnaround in exports of engineering products and carpets.Disclosing this in New Delhi today Commerce Secretary Rahul Khullar said the trade data for the month is provisional and the export...

India's exports up by 26.8 %

India's exports have gone up by 26.8 percent. It touched 18.9 billion Dollars in November with a huge turnaround in exports of engineering products and carpets.Disclosing this in New Delhi today Commerce Secretary Rahul Khullar said the trade data for the month is provisional and the export...

Sensex down 238 points

Sensex in Red; loses 273 pts trading at 19,661

The Sensex at the Bombay Stock Exchange, which had lost 155 points in opening trade, today, later slumped as much as 273 points, or 1.4 percent, to stand at 19,661, a short while ago, as selling pressure accelerated. Concerns about a possible domestic fuel price hike after global crude oil prices so...

Exports registered 26.8% growth in November

The exports registered a robust growth of 26.8 percent last month. The growth figure may go up as some data is yet to come. This was announced by the Commerce Secretary, Mr. Rahul Khullar while talking to reporters in New Delhi today. He said the cumulative growth of exports from April to November r...