Business

May 27, 2010 7:02 PM

Sensex rises, gains 279 points

Rising in tandem with global markets, the Sensex at the Bombay Stock Exchange gained 279 points, or 1.7 percent, to 16,666, today. The Nifty at the National Stock Exchange rose 86 points, or 1.7 percent, to 5,003.The global markets also rallied, after China said it remains a long-term investor in Eu...

May 27, 2010 2:33 PM

Sensex recovers early loss, stood 154 points up

The sensex at the Bombay Stock Exchange fell 57 points or 0.3 per cent, to 16,331, in opening trade, amid profit-booking on Thursday. But the sensex later rebounded and stood 154 points or 0.9 per cent in the green at 16,541 a shortwhile ago. Other Asian markets in Hong Kong, China, Indonesia, Japan...

May 27, 2010 1:32 PM

Oil prices fall in Asian trade

Oil prices slid in Asian trade on Thursday as caution returned to the markets on persistent concerns over the euro zone's finances. New York's main contract, light sweet crude slid 15 cents to 71.36 dollars a barrel while London's Brent North Sea crude shed nine cents to 7...

May 27, 2010 1:03 PM

Cross LoC trade suspended on 2nd day over ban on import of ajwain

The bi-weekly Cross LoC trade via Poonch-Rawalakote road in Poonch district of Jammu division was suspended on the 2nd day the trade following protests by traders of Poonch. The traders were protesting ban imposed on import of ajwain by the Trade Facilitation Authorities on Wednesday. However, trade...

May 27, 2010 10:34 AM

Sensex 56 points down in opening trade

The Bombay Stock Exchange benchmark Sensex fell by over 56 points in opening trade on Thursday as funds and retail investors booked profits amid weak global markets. The 30-share index dipped by 56.74 points, or 0.34 per cent, to 16,331.10 in opening trade after surging 365.36 points in Wednesday&am...

May 27, 2010 10:23 AM

CBI arrests Chairman of SECL M P Dikshit on bribery charge

Central Bureau of Investigation (CBI) arrested Chairman-cum-Managing Director of South Eastern Coalfields Limited (SECL) in Bilaspur, M P Dikshit for allegedly taking a bribe of Rs.1.30 crore from two private firms. The directors of the two firms have also been apprehended. CBI has also seized Rs.1....

May 27, 2010 10:23 AM

RBI allows banks to draw additional funds from it by opening 2nd window

The Reserve Bank allowed banks to draw additional funds from it by opening a second window, to meet the expected cash crunch in the system on account of Rs 1 lakh-crore demand of corporate to meet their 3G fee and advance tax payment requirement . At present, the Reserve Bank offers only one window-...

May 27, 2010 10:22 AM

Raja briefs PM on implementation of Pitroda report to revive BSNL

Telecom minister A Raja met Prime Minister Manmohan Singh and is believed to have discussed the progress on the implementation of the Sam Pitroda panel report to revive the state-run Telco BSNL. Quoting official sources, PTI reports that the telecom commission, the highest decision-making wing of th...

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