Business

June 24, 2010 10:12 AM

Oil remains lower in Asian trade

Oil prices continued to fall in Asian trade today. New York's light sweet crude tumbled 19 cents to 76.16 dollars a barrel while Brent North Sea crude eased 20 cents to 76.07 dollars a barrel. Analysts said a rise in energy stockpiles of US has caused a weak demand which resulted in fall in...

June 24, 2010 10:11 AM

Sensex rises 68 points in early trade

The Bombay Stock Exchange benchmark Sensex today rose by over 68 points in early trade on buying in blue chips. The Sensex was trading at 17818, up by over 61 points when reports last came in. The wide-based National Stock Exchange index Nifty also moved up by 16 points to 5,339 points.Brokers attri...

June 23, 2010 6:46 PM

Sensex ends flat; gains just 6.25 pts

The Indian stock markets today ended flat. The benchmark index at the Bombay Stock Exchange closed at 17,755 gaining just 6.25 points.Backed by negative global cues the markets opened on a lower note but managed to recover towards the end.Buying was seen in the shares of telecom, healthcare, realty,...

June 23, 2010 2:06 PM

Sensex flat in afternoon trade

The Sensex at the Bombay Stock Exchange benchmark opened 121 points, or 0.7 per cent lower, at 17,629, on Wednesday, as investors sold stocks amid weak global bourses. After recovering from its lows, the Sensex stood 18 points, or 0.1 percent in the red, at 17,732 a short while ago. Other Asian mark...

June 23, 2010 1:49 PM

India to set up committee under Montek Singh to expand Indo-US eco ties

India will set up a committee under Planning Commission Deputy Chairman Montek Singh Ahluwalia to identify areas for expanding Indo-US economic ties. Finance Minister Pranab Mukherjee said. The committee will coordinate with various ministries and prepare a roadmap before US President Barack Obama&a...

June 23, 2010 1:07 PM

Sensex down 3 points in afternoon trade

The Sensex at the Bombay Stock Exchange was down 3 points, at 17,747 in afternoon trade on Wednesday, amid a weak global trend. But the Nifty at the National Stock Exchange was up 3 points, at 5,319.

June 23, 2010 12:55 PM

Pranab optimistic of achieving 8.5 per cent growth during 2010-11

India will grow at a rate of more than 8.5 per cent during the current financial year, 2010-2011. This was stated by Finance Minister Pranab Mukherjee at a gathering of senior executives from financial services firms in Washington. Mr Mukherjee said that despite continuing global economic crisis, th...

June 23, 2010 12:42 PM

Too many measures to control inflation detrimental to growth: Pranab sen

The country's chief statistician Pronab Sen cautioned RBI against taking a hawkish monetary policy stance, saying too many measures to control inflation can be detrimental to growth. Core inflation entered provisionally double digits in May, fueled by over 16 per cent food inflation. Her sa...

June 23, 2010 11:16 AM

Rupee strengthened marginally against US dollar in early trade

The rupee on Wednesday strengthened marginally to 46 rupees 21 paise against the US dollar in early trade. This follows a steady American currency in overseas markets. At the Interbank Foreign Exchange market, the rupee gained 3 paise after closing 49 paise lower at 46 rupees 25 paise a dollar in th...

June 23, 2010 10:04 AM

EGoM meets to consider freeing petrol prices on Friday

An empowered Group of Ministers will meet in New Delhi on Friday to consider freeing of petrol prices from government control. If aligned with the international rates, petrol price in the country will go up by 3.73 Rupees a litre. Petroleum Minister Murli Deora has already asked states to lower sale...

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