Business

September 9, 2010 12:38 PM

Food Inflation rises to 11.47%

Food inflation went up to 11.47 per cent for the week ended August 28. This follows increase in prices of cereals, fruits and milk.This is the second consecutive week when food inflation has shown an upward trend, after a brief period of moderation in July and first half of August. Food inflation wa...

September 9, 2010 12:04 PM

SC upholds CCI's authority to investigate trade practices

The Supreme Court today held that the Competition Commission of India, CCI has authority to direct investigation pertaining to fair trade practices and itsdirections cannot be challenged before the Competition Appellate Tribunal or COMPAT.However, the apex court said that such powers have to be exer...

September 9, 2010 12:02 PM

Sensex trading at 84 pts up at 1200 hrs

The Sensex is trading 84 points up at 18751 in the noon trade. Continuing its winning streak for the fourth day the Sensex shot up by 101 points in the opening trade. This follows bullish domestic sentiment and a renewed confidence in the European market recovery after Portugal's successful...

September 9, 2010 11:11 AM

Rupee strengthens against dollar

The rupee today strengthened by 12 paise to trade at 46.51 a dollar at the Interbank Foreign Exchange on continued capital inflows by foreign funds.Dealers said continued capital inflow by foreign funds and weakness in dollar at overseas markets mainly provided support to the rupee.The rupee had end...

September 9, 2010 10:44 AM

Oil quoted higher in Asian trade

New York's main contract, light sweet crude for October delivery, rose 47 cents to 75.14 dollars a barrel.Brent North Sea crude for October delivery put on 28 cents to 78.45 dollars a barrel.Despite fears that the US economic recovery is losing steam the American Petroleum Institute said th...

September 9, 2010 10:43 AM

Sensex opens in green with 100 pts up

Continuing its winning streak for the fourth day today, the Sensex shot up by 100.39 points in the opening trade. This follows bullish domestic sentiment and a renewed confidence in the European market recovery after Portugal's successful debt bond auction.The 30-share index gained 0.54 per...

September 8, 2010 9:06 PM

RBI Deputy Gov Thorat urges bankers to work out special concessional package for crisis-ridden aviation sector<br/>

RBI Deputy Governor, Usha Thorat today urged bankers to work out a special concessional package for the crisis-ridden aviation sector. Speaking to reporters in Mumbai, Mrs. Thorat said that banks should frame a policy regarding debt restructuring of airlines. The Indian airline industry is facing mo...

September 8, 2010 8:42 PM

Gold prices touch an all time high in Delhi to 19,470 rupees

Gold prices in Delhi has touched an all time high in Delhi. The prices jumped by 145 rupees to scale 19,470 rupees per ten grams at Delhi's bullion market today.Festive and marriage season demand, and a firm global trend are said to be the reason for this. Silver ready rose 200 rupees to 31...

September 8, 2010 6:00 PM

Gold touches an all time high at Rs 19,470 per 10 gm

September 8, 2010 5:53 PM

Sensex surges to two and half year high at 18,667

Sensex has touched 18,667 points, the highest in the two and half year. Bombay Stock Exchange gained a modest 22 points today and Nifty at the National Stock Exchange also rose by just 4 points, to 5,608. But stock markets in Japan, China, Hong Kong, South Korea and Singapore lost between 0.1 percen...

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