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July 1, 2010 11:11 AM
The Indian rupee depreciated by 29 paise to 46.73 a dollar in early trade at the Interbank Foreign Exchange today. The rupee had ended 4 paise higher at 46.44 a dollar in the previous session. Forex dealers said the weakening of rupee is due to fresh capital outflows by foreign funds from equities.
July 1, 2010 10:51 AM
Several banks have fixed their minimum lending rate at 8.5 per cent. But leading private sector banks including HDFC and Citi Bank have pegged their rates below 7.5 per cent. The SBI and the ICICI have fixed their base rate at 7.5 per cent.The lowest rate of seven per cent comes from small private s...
July 1, 2010 9:57 AM
The Bombay Stock Exchange benchmark Sensex fell over 172 points in opening trade today. The Sensex was trading at 17513, down by over 187 points when reports last came in. Similarly, Nifty of National stocks exchange was down by over 60 points at 5252. Brokers said trading sentiment turned bearish o...
July 1, 2010 9:28 AM
State-run MTNL slashed ISD calling rates to six countries, including US, Canada and China, for its GSM and 3G subscribers to 1 rupee a minute. Brought about to mark MTNL's 25 years in service; the call rates will be applicable for a period of three months.MTNL CMD Kuldip Goyal told newspers...
June 30, 2010 9:43 PM
Oil firms in India will soon be free to choose the blocks for exploration without waiting for the government to put them on offer. This was disclosed by Petroleum Minister Murli Deora at the signing of the production sharing contract for blocks awarded in the eighth round of auction. Deora said that...
June 30, 2010 9:43 PM
Oil firms in India will soon be free to choose the blocks for exploration without waiting for the government to put them on offer. This was disclosed by Petroleum Minister Murli Deora at the signing of the production sharing contract for blocks awarded in the eighth round of auction. Deora said that...
June 30, 2010 9:34 PM
Air travellers will have to pay more from tomorrow. Domestic will rise by 103 rupees and international air fares by 515 rupees. Government had earlier proposed in the 2010-11 Budget that 10 per cent service tax be charged on air travel aiming at raising 600 crore from the domestic sector and 1,000 c...
June 30, 2010 6:15 PM
Rebounding from early lows, the Sensex at the Bombay Stock Exchange closed with a solid gain of 167 points, or 1 percent, at 17,701, today, on short-covering, and amid firm European markets. The Nifty at the National Stock Exchange rose 56 points, or 1.1 percent, to 5,313.But stock markets in Japan,...
June 30, 2010 1:49 PM
After Tuesday's 240 points fall, the Sensex at the Bombay Stock Exchange dropped another 160 points, or 0.9 per cent, to 17,374, in opening trade, today, on selling by funds and retail investors, amid slumping global markets. But the market soon rebounded smartly, and the Sensex stood 61 po...
June 30, 2010 1:02 PM
Oil firms in India will be soon free to choose the blocks for exploration without waiting for the government to put them on offer. This was revealed by the Petroleum Minister Murli Deora at the signing of the production sharing contract for blocks awarded in the eighth round of auction. Mr. Deora sa...
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