Oil prices fall in Asian trade

Oil prices eased in Asian trade on Thursday. New York's light sweet crude lost 55 cents to 77.12 dollars a barrel while London's Brent North Sea was off 22 cents at 77.92 dollars a barrel.Analysts said the fall in prices is due to weakening of markets and profit booking by investor...

Sensex gains 44 points in early trade

The Bombay Stock Exchange benchmark Sensex opened higher by 44 points in the opening trade. The sensex was trading at 17440, down by over 22 points. Similarly National Stock Exchange index Nifty lost over 11 points to quote at 5222.Hong Kong's Hang Seng Index opened 0.67 per cent higher, wh...

CNG costs Rs.5.60 more a kg in Delhi, NCR

The public sector company supplying CNG in Delhi, Gazhiabad and Noida has decided to increase the price of gas in the National Capital Region from Thursday. The rise is at 5.60 rupees per kilogram. The Indraprastha Gas limited had earlier this year also hiked the prices of CNG. AIR correspondent rep...

Indian economy likely to grow by 8.5 %: Pranab

Finance Minister Pranab Mukherjee said if the country gets a normal monsoon, the economy can grow at 8.5 per cent this fiscal. Talking to newsmen after a meeting with Gujarat Chief Minister Narendra Modi and senior state government officials in Ahmedabad on Wednesday, Mr. Mukherjee said the first qu...

Anand Sharma to hold meetings with Putin in St. Petersburg

Sensex ends 50 pts up

Extending its gains for the sixth straight session, the Sensex at the Bombay Stock Exchange closed 50 points, or 0.3 percent higher, at 17,463, on Wednesday. The Sensex rose on reports of higher quarterly tax payments by domestic companies, and firm Asian bourses. The Nifty at the National Stock Exc...

India has sufficient stock of food and fuel, says Montek

Deputy Chairman of National Planning Commission Dr. Montek Singh Ahluwalia said that India has sufficient stock of food and fuel. However, he denied to comment on fuel prices saying GOM is working on the issue and he would not like to speculate any thing before the report tabled. Talking to reporter...

Sensex loses early gains

The Bombay Stock Exchange benchmark Sensex rose further over 111 points in early trade on Wednesday.The Sensex was trading at 17,463, up by over 50 points when reports last came in. Similarly, National Stock Exchange index nifty was trading 10 points up at 5232.Analysts said the market remained firm...

Asia emerges as a global economic powerhouse: IMF

IMF says that the recent recession has underlined the emergence of Asia as a global economic powerhouse and India and China are leading the way.According to IMF Director, Asia and Pacific Department, Anoop Singh, based on expected trends, within five years Asia's economy will be about 50 pe...

Oil prices up in Asian trade?

Oil prices rose in Asian trade on Wednesday, drawing support from investors' positive outlook on the global economy. New York's light sweet crude for rose 16 cents to 77.10 dollars a barrel. Brent North Sea crude was 35 cents higher at 77.45 dollars a barrel.