Business

May 13, 2010 5:06 PM

Sensex rises for the second straight session gaining 70 points

Rising for the second straight session, the Sensex at the Bombay Stock Exchange gained 70 points, or 0.4 per cent, to 17,266, amid positive global cues, today. The Nifty at the National Stock Exchange added 22 points, or 0.4 percent, to 5,179. Stock markets in Japan, China, Hong Kong, and South Kore...

May 13, 2010 2:44 PM

Food inflation rises to 16.44 per cent

Food Inflation rose to 16.44 per cent for the week ended May 1, mainly due to high prices of fruits and vegetables.Inflation rose by 0.40 per cent from 16.04 per cent in the previous week. On a weekly basis, potato turned expensive by 5.95 per cent, tea by 5 per cent, fruits and vegetables by 2 per ...

May 13, 2010 2:14 PM

CII to launch ten new skill development centres across the country

The Confederation of Indian Industries, CII, findings say that agriculture and private sectors are the largest sources of employment in the country. Talking to newsmen at the annual press conference in New Delhi today, CII's new President Hari S. Bhartia said that the government and the pri...

May 13, 2010 1:30 PM

RBI not changing its approach because of Greek debt crisis

Reserve Bank today said the Greek debt crisis would not change its roadmap to exit from the accommodative stance, as the Central Bank has already factored in the impact of global uncertainties in its exit-policy. RBI Deputy Governor, Subir Gokarn told reporters in Mumbai that there is no reason to c...

May 13, 2010 1:19 PM

RBI not changing its approach because of Greek debt crisis

Reserve Bank today said the Greek debt crisis would not change its roadmap to exit from the accommodative stance, as the Central Bank has already factored in the impact of global uncertainties in its exit-policy. RBI Deputy Governor, Subir Gokarn told reporters in Mumbai, we do not believe that ther...

May 13, 2010 12:40 PM

Food Inflation rises to 16.44 per cent

Food Inflation rose to 16.44 per cent for the week ended May 1, mainly due to high prices of fruits and vegetables.Inflation rose by 0.40 per cent from 16.04 per cent in the previous week. On a weekly basis, potato turned expensive by 5.95 per cent, tea by 5 per cent, fruits and vegetables by 2 per ...

May 13, 2010 10:28 AM

Govt. allows to export 4 lakh tonnes of wheat to Bangladesh

The government has allowed the export of 4 lakh tonnes of wheat to Bangladesh from the central pool. In a notification, the Directorate General of Foreign Trade (DGFT) said the prohibition shall not be applicable to the export of 4 lakh tonnes of wheat to Bangladesh.There has been a ban on export of...

May 13, 2010 10:27 AM

Rupee gains 11 paise against US dollar

The Indian rupee appreciated by 11 paise to 45 a dollar in early trade today helped by increased capital inflows by foreign funds into equities. The domestic currency had closed 19 paise higher at 45.12 in the previous session. Forex dealers said the rupee strengthened against the US currency largel...

May 13, 2010 9:57 AM

BSE Sensex gains over 191 points

The Bombay Stock Exchange benchmark Sensex gained over 191 points in opening trade today. The 30-share index, which gained 54 Points in the previous session, gathered another 191.23 points, or 1.11 per cent at 17,387 points. The wide-based National Stock Exchange index Nifty also rose by 44.00 point...

May 13, 2010 8:42 AM

Retail price inflation would come down rapidly: Pranab

Finance Minister Pranab Mukherjee has said that the retail price inflation would come down rapidly in the coming months as the price of the food items is now declining. Addressing a meeting of the Confederation of Indian Industry, he said, the government has taken a host of initiatives to deal with ...

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