Business

July 22, 2010 10:16 AM

Oil hovers around 76 US dollar in Asian trade

Oil prices were down in Asian trade on Thursday as a surge in US crude reserves and the dollar's strength against the euro curbed demand. New York's main contract, light sweet crude for delivery in September, shed 21 cents to 76.35 dollars a barrel, while London's Brent No...

July 22, 2010 10:11 AM

Rupee declines 15 paise against dollar in early trade

The rupee depreciated by 15 paise against the dollar in early trade on Thursday due to demand for the US currency from importers.At the Interbank Foreign Exchange market, the domestic unit was quoted 15 paise lower at 47.30 a dollar in early trade.The rupee had closed higher by 19 paise at 47.15/16 ...

July 22, 2010 10:09 AM

Sensex opens 60 pts lower in opening trade

The Bombay Stock Exchange benchmark Sensex on Thursday opened 60 points lower as investors sold stocks following weak Asian markets. The 30-share index moved down by 60.38 points, or 0.33 per cent, to 17,916.85 points.The wide-based National Stock Exchange index Nifty fell by 25.40 points, or 0.47 p...

July 21, 2010 9:15 PM

Items worth Rs 3.62cr. exchanged by traders of two parts of divided J&K

In Jammu and Kashmir cross LoC trade has again started picking up on Poonch-Rawalakote route after a slump of few weeks, with items worth 3.62 crore rupees exchanged on Tuesday by traders of two parts of divided J&K State through Chakan-Da- Bagh. Traders from Jammu region exported coconut an...

July 21, 2010 8:50 PM

FCI depots' officials suspended for causing foodgrain wastage

The Government today said that it has suspended the area manager, depot manager and manager of Food Corporation of India (FCI) depots at Hapur, Orai and Harduaganj in Uttar Pradesh for causing foodgrain wastage by storing it in the open space during the rainy season. According to an official release...

July 21, 2010 8:32 PM

FM proposes to have GST at Centre, State level from April next year

Finance Minister Pranab Mukherjee has proposed to have Goods and Services tax ,GST, at the central and state level from April next year. Addressing the empowered group of ministers in New Delhi today, Mr. Mukherjee also called for a three-tier structure for the implementation of GST. During the firs...

July 21, 2010 8:13 PM

TRAI plans to cap monthly cable charge at Rs 100 <br/>

Telecom Regulatory Authority of India, the broadcasting regulator of India plans to cap monthly cable charge at 100 rupees for a minimum of 30 free-to-air channels. The Authority said this in an affidavit in Supreme Court in Delhi. TRAI proposes to fix cable charge at 200 rupees per month for a basi...

July 21, 2010 7:24 PM

Pranab proposes GST at centre, state level from April next year

Finance Minister Pranab Mukherjee has proposed to have Goods and Services tax ,GST, at the central and state level from April next year. Addressing the empowered group of ministers in New Delhi today, Mr. Mukherjee also called for a three-tier structure for the implementation of GST. During the firs...

July 21, 2010 7:06 PM

PMEAC to brief PM on state of economy, growth outlook

The Prime Minister, Dr.Manmohan Singh will be briefed on the state of the economy and the growth outlook by his economic advisory council on Friday. Chairman of the Prime Minister&apos;s Economic Advisory Council, PMEAC, C Rangarajan told this to newsmen in New Delhi this evening.Mr. Rangrajan i...

July 21, 2010 6:31 PM

Gold glitters at Rs 18,600 per 10 gm<br/>

Snapping a five-day losing streak, gold rose 125 rupees, to 18,600 rupees per ten grams at Delhi&apos;s bullion market, today. Silver ready gained 80 rupees, to 28,980 rupees per kilo.In the global markets, gold climbed 8.10 dollars, to 1192.20 dollars an ounce.

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