Business

November 8, 2010 5:31 PM

Sensex slips 153 pts to close below 21K<br/>

The Sensex at the Bombay Stock Exchange fell 153 points, or 0.7 percent, to close below the 21,000 mark, at 20,852, on profit-booking, today. The Nifty shed 39 points, or 0.6 percent, to 6,273.But stock markets in Japan, China, Hong Kong, South Korea and Singapore rose between 0.2 percent and 2 perc...

November 8, 2010 12:58 PM

Sensex down by 132 pts in afternoon trade

Surrendering all its early gains, the Sensex at the Bombay Stock Exchange fell 132 points, or 0.6 percent, to drop below the 21,000 mark, at 20,873, in afternoon trade, a short while ago. Earlier, the Sensex had gained 71 points in opening trade, on Monday morning.

November 8, 2010 12:51 PM

Govt fixes price band at Rs 85-90 of Power Grid FPO

The govt fixed price band at Rs 85-90 per share for about Rs 7,600 crore follow-on public offer of state-run transmission company Power Grid Corporation of India.&quot;The price band for PowerGrid has been fixed between Rs 85-90,&quot; Power Minister Sushilkumar Shinde said after meeting of ...

November 8, 2010 11:27 AM

Rupee declines by 11 paise against dollar in early trade

The Indian rupee declined by 11 paise to 44.32 rupees against the US dollar in early trade at the forex market today, with the American currency overcoming recent weakness to post gains against other major currencies. The rupee had ended 14 paise higher at 44.22 rupees per dollar in the previous ses...

November 8, 2010 10:32 AM

Sensex up 71 pts in opening trade

The Bombay Stock Exchange benchmark Sensex was up nearly 71 points in opening trade today as foreign funds continued to target select Indian blue-chips in anticipation of healthy quarterly earnings.The 30-share index jumped by 71 points to 21,076 points, with healthcare, auto and metal stocks being ...

November 7, 2010 2:26 PM

Indo-US firms seal deals worth $10 billion in aviation, power and other sectors

American President Barack Obama, while addressing the US India Business Council meet, announced deals worth 10 Billion US dollars in aviation, power and other sectors that will create 50 thousand jobs in the US. He indicated easing of restrictions on hi-tech trade, removal of trade barriers and part...

November 7, 2010 9:38 AM

US Commerce Secretary to lead trade mission to India in Feb, 2011

US Commerce Secretary Gary Locke will lead a trade mission to India in February next year that will be aimed at promoting American exports of high-technology products. An official statement said, Locke, who is scheduled to visit India from February 6-11, will make a stop at Mumbai and Bangalore, apa...

November 6, 2010 6:51 PM

America seeks to assuage Indian IT industry

The United States has sought to assuage Indian IT industry saying that India has not been singled out on the issue of rise in visa fee. US Commerce Secretary Gary Locke told a private news channel that countries like South Korea and Taiwan will also pay more for US Visa.The US government had decided...

November 6, 2010 12:41 PM

India, US should aim at achieving bilateral trade target of $ 220 billion

An industry body has said that India and the US should aim at achieving the bilateral trade target of 220 billion US Dollars in the next 10 years, to strengthen the economic ties between the two nations. Assocham President Swati Piramal said in a statement that India accounts for a merely 1.3 per ce...

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