Business

September 30, 2010 5:58 PM

Sensex recovers from early losses; Closes 113 points up

Fag-end buying helped the Sensex at the Bombay Stock Exchange recover from early losses and close 113 points, or 0.6 percent higher, at 20,069, on the last day of monthly expiry in the derivatives segment, today.The Sensex had gained 158 points at the day's high, and lost 92 points at the d...

September 30, 2010 5:20 PM

SBI, PNB hike fixed deposit rates by up to 75 basis points<br/>

Two major public sector lenders - State bank of India and Punjab National Bank - today hiked fixed deposit rates by up to 75 basis points. PNB also increased its base rate -- below which banks can&apos;t lend to 8.5 per cent. SBI, however, left its base rate unchanged at 7.50 per cent.

September 30, 2010 2:33 PM

Sensex down by 22 pts in afternoon trade

Extending its losses for the third straight session, the Sensex at the Bombay Stock Exchange fell 39 points, to 19,917, in opening trade, today, on sustained selling pressure, amid weak global cues. Remaining weak, the Sensex was down 22 points, or 0.1 percent, at 19,935, a short while ago. Other As...

September 30, 2010 2:03 PM

SBI raises deposit rates by 25 basis points

The country&apos;s largest lender, State Bank of India today said it will raise deposit rates by 25 to 75 basis points from tomorrow. But SBI has kept the minimum rate of interest on loans unchanged, at 7.5 per cent. Last month, SBI had raised its benchmark lending rate by 50 basis points, and d...

September 30, 2010 2:02 PM

Sensex down by 39 pts

Extending its losses for the third straight session, the Sensex at the Bombay Stock Exchange fell 39 points, to 19,917, in opening trade, today, on sustained selling pressure, amid weak global cues. Remaining weak, the Sensex was down 22 points, or 0.1 percent, at 19,935, a short while ago. Other As...

September 30, 2010 12:42 PM

Food inflation surges

Supply disruptions due to heavy rains and floods drove food inflation up to 16.44 per cent in the week ended September 18. The cost of cereals, fruits, select vegetables and milk rose on account of supply disruptions.Week-on-week, food inflation climbed 0.98 percentage points from 15.46 per cent in ...

September 30, 2010 12:34 PM

Food inflation surges

Supply disruptions due to heavy rains and floods drove food inflation up to 16.44 per cent in the week ended September 18. The cost of cereals, fruits, select vegetables and milk rose on account of supply disruptions.Week-on-week, food inflation climbed 0.98 percentage points from 15.46 per cent in ...

September 30, 2010 12:17 PM

Sensex down by 90 pts in noon trade

The Bombay Stock Exchange benchmark Sensex which slumped by about 39 points in opening trade is now trading down by 90 points at 19867 in the noon trade. The extension of the losses for the second straight session is due to sustained selling pressure amid weak global cues.The wide-based National Sto...

September 30, 2010 12:02 PM

Food inflation surges

Food inflation has surged to 16.44 per cent for the week ended September 18. It was 15.46 per cent in the previous week.

September 30, 2010 10:07 AM

Asian trade sees mixed oil prices

Oil prices were mixed in Asian trade today. This follows a drawback in US crude inventories and strong data from the Chinese manufacturing sector.New York&apos;s main contract, light sweet crude for November delivery, slipped 10 cents to 77.76 dollars a barrel.Brent North Sea crude for delivery ...

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