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May 14, 2010 8:26 PM
State Bank of India's net profit for the January-March quarter has fallen by 32 per cent. SBI Chairman O P Bhatt said the Bank ended with a profit of 1,867 crores. He said the decline in profit is due to a host of reasons including higher provisioning for non-performing assets.
May 14, 2010 8:22 PM
Sensex plunged by 271 points today on weak global cues. The index dropped to 16994 points , when the trade came to close.The National Stock - Nifty - also lost 1.65 per cent to finish at 5,093 points. The state Bank of India dropped 4 points to end at 2,222 rupees.On global front, all the major Asia...
May 14, 2010 6:29 PM
Inflation eased marginally to 9.59 per cent in April, but cost of some vegetables and metals remained high. The wholesale price-based inflation cooled from 9.90 per cent in March mainly on account of decline in prices of fruits, onions, wheat and cereals. Meanwhile Chief economic advisor to the fina...
May 14, 2010 12:28 PM
Inflation eased marginally to 9.59 per cent in April, but cost of some vegetables and metals remained high.The wholesale price-based inflation cooled from 9.90 per cent in March mainly on account of decline in prices of fruits, onions, wheat and cereals. According to the monthly inflation data, pota...
May 14, 2010 10:25 AM
The Indian rupee eased by 3 paise to 45.11 a dollar in early trade today on capital outflows by foreign funds from equities and the US currency's gain overseas. The domestic currency had closed higher by 3 paise at 45.09 a dollar in the previous session.
May 14, 2010 10:25 AM
The Bombay Stock Exchange benchmark Sensex fell by nearly 62 points today, as funds and retail investors booked profits amid weak global markets. The 30-share index, edged lower by 61.54 points, or 0.35 per cent to 17,204 points. The National Stock Exchange's Nifty fell 18.45 points, or 0.3...
May 14, 2010 10:08 AM
The oil company BP has revealed that the cost of tackling the oil spill from a broken well in the Gulf of Mexico has risen dramatically. It now stands at four hundred and fifty million dollars and it still rising fast .The oil giant has said the effort to contain the oil spill is now costing around ...
May 13, 2010 8:09 PM
Top officials of the Chinese Telecom firm ZTE, today met the Home Secretary Mr. G.K.Pillai with regard to the security clearance of the company's products. According to an official spokesman the Home Secretary sought some clarifications and additional information. He said once this is recei...
May 13, 2010 7:46 PM
The government has decided to set up a commission for Indian medicine which will help in increasing the country's share in the global herbal drug market. The Cabinet gave the approval for the setting up the Pharmacopoeia Commission for Indian Medicine which will set standards on Auyrveda, S...
May 13, 2010 5:19 PM
Crude oil prices fell to near 75 dollars a barrel in Asia, today, as traders mulled signs of tepid US crude demand against growing consumption in developing economies. Benchmark crude for June delivery fell 27 cents, to 75.38 dollars a barrel on the New York Mercantile Exchange. US Crude inventories...
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