Business

October 15, 2010 1:59 PM

Sensex erases its early gains; 187 pts down in afternoon trade

The Sensex at the Bombay Stock Exchange, which had opened 81 points higher, on Friday morning, later erased all its early gains, and stood 187 points, or 0.9 percent in the red, at 20,311, a short while ago. The Sensex fell on profit-booking by investors, and subdued Asian markets.Stock markets in J...

October 15, 2010 1:43 PM

Govt to offer 34 areas for exploration under NELP-IX

Government on Friday launched bidding for ninth round of oil and gas exploration to meet the growing energy demand in the country. 34 blocks are being offered in this round. The ninth round under the new exploration and licensing policy covers an area of about 89 thousand square kilometers.Launching...

October 15, 2010 12:58 PM

Food inflation rises marginally to 16.37 pc

Food inflation rose marginally to 16.37 per cent for the week ended October 2, on the back of higher prices of cereals, fruits, select vegetables and milk. It was 16.24 per cent for the week ended September 25.As per the latest figures, food inflation was driven mainly by higher prices of pulses, ri...

October 15, 2010 12:27 PM

Food inflation rises marginally to 16.37 pc<br/><br/>

Food inflation marginally rose to 16.37 per cent for the week ended October 2. It was from 16.24 per cent in the previous week. Meanwhile, the inflation for the month of September also rose to 8.62 per cent, from 8.51 per cent in August.

October 15, 2010 10:39 AM

Rupee down by 5 paise against US dollar in early trade

The Indian rupee weakened by 5 paise to 44.15 rupees a dollar in the early trade on Friday, weighed down by dollar&apos;s gain against other Asian currencies.In the previous season, the domestic unit at the Interbank Foreign Exchange market had risen by 41 paise to close at more than two years&a...

October 15, 2010 9:58 AM

Sensex opens 81 points up in morning trade<br/>

Cutting on Thursday&apos;s losses, the Sensex opened 81 points higher in the morning trade on Friday. The 30-share index rose by 81 points on the back of recovery in IT, metal and hi-tech sector stocks.The wide-based National Stock Exchange index Nifty regained 6,200 points level when it jumped ...

October 14, 2010 6:50 PM

Pranab says, Managing inflation has been his biggest challenge<br/>

The government has expressed serious concern over the rising prices. In an interview to &quot;India Today&quot; magazine, Finance Minister Pranab Mukherjee said, managing inflation has been his biggest challenge as increasing cost of essential goods hit poor the most. He, however, maintained...

October 14, 2010 6:47 PM

BSE sensex tumbles 190 pts to 20,498<br/>

Erasing all its early gains, the Sensex at the Bombay Stock Exchange declined 190 points to 20,498 on profit-booking today. The Nifty at the National Stock Exchange slid 57 points to 6,177.But stock markets in Japan, China, Hong Kong, and South Korea rose between 0.6 percent and 2 percent.

October 14, 2010 1:45 PM

BSE Sensex stands only 3 points in green a short while ago

Erasing almost all its early gains, the Sensex at the Bombay Stock Exchange stood just 3 points in the green, at 20,691, a short while ago. Earlier, in the morning, broad-based buying had lifted the Sensex 100 points, or 0.5 per cent, to a fresh 33 month high of 20,808, amid rising global markets. O...

October 14, 2010 10:32 AM

Rupee gains 26 paise against US dollar

Moving in line with the stock market, the Indian rupee gained by another 26 paise to 44.25 against the American currency in the early trade on persistent selling of dollars by banks and exporters due to weakness of dollar in overseas market. The US dollar declined further against the Euro, British P...

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