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October 4, 2010 10:19 AM
The Indian rupee gained 20 paise to a five-month high of 44.27 rupee against the US dollar in opening trade on Monday. The rupee had ended 47 paise higher at 44.47 rupees against the American currency in the previous session.Forex traders said fresh capital inflows into equities by foreign funds kep...
October 4, 2010 10:19 AM
The BSE benchmark Sensex shot up by over 187 points in the opening trade on Monday to 20,632. This is the highest point in nearly 33 months.The sensex was trading at 20,668 up by 223 points a short while ago. Anlaysts said the rise in the sensex is due to strong FII inflows and firm Asian markets.Si...
October 3, 2010 5:02 PM
India will seek German support on outsourcing. A high level FICCI business delegation to Germany will seek support from a key member of the European Union over the campaign against outsourcing, particularly in the US. FICCI President Rajan Bharti Mittal said this in New Delhi. The delegation compris...
October 1, 2010 8:50 PM
Japan today imposed the biggest tax hike on cigarettes in its history with some prices up nearly 40 per cent in a bid to encourage more people to quit smoking. The government has authorised Japan Tobacco which dominates the country's cigarette market to raise the prices of cigarettes by aro...
October 1, 2010 8:26 PM
The Sensex at the Bombay Stock Exchange zoomed 376 points, or 1.9 percent, to an over 32 -month high of 20,445, amid sustained foreign funds inflows, and firm global markets, today. The Nifty at the National Stock Exchange shot up 113 points, or 1.9 percent, to 6,143.Stock markets in Japan, South Ko...
October 1, 2010 8:18 PM
BMW has announced that it will recall about 3,50,000 luxury cars worldwide because of a problem with brakes. The German firm said the recall was due to a fault with the power-braking system but the cars were not unsafe. The recall affects V8 and V12-powered BMW 5 Series, 6 Series, 7 Series, and Roll...
October 1, 2010 7:12 PM
India's exports grew by 22.5 per cent in August to 16 billion US Dollars. Improved global demand for Indian merchandise has boosted the exports. Imports also jumped by a higher rate of 32.2 per cent to 29 billion US Dollars in the month. This has resulted in a trade deficit of 13 billion US...
October 1, 2010 2:25 PM
Extending its gains for the second straight session, the Sensex at the Bombay Stock Exchange jumped 116 points, to 20,185, in opening trade, this morning, on sustained buying by foreign funds, amid a firm Asian trend. Surging even higher, the Sensex stood 279 points, or 1.4 percent in the green, at ...
October 1, 2010 2:25 PM
Two major public sector lenders, State Bank of India, and Punjab National Bank hiked their fixed deposit rates by up to 75 basis points. PNB also increased its base rate -- below which banks can't lend to 8.5 per cent. SBI, however, left its base rate unchanged, at 7.5 per cent. The new rat...
October 1, 2010 10:04 AM
The Sensex surged by over 115 points in opening trade today, extending its gains for the second straight session due to sustained buying by funds on robust capital inflow amid a firm Asian trend. The 30-share index, which had gained 113 points in the previous sessions, rose further by 115 points to ...
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