Sensex ends 561 points up

Sensex Snapping a five-session losing streak, the Sensex at the Bombay Stock Exchange gained a massive 561 points--its biggest single day gain in ten months--to close at 17,331, today. The Nifty at the National Stock Exchange zoomed 176 points, or 3.5 percent, to 5,194. The domestic bourses climbed ...

India immune to debt crisis in Greece: Chawla

Finance Secretary Ashok Chawla today said that India is immune to the debt crisis in Greece, and it may actually help the country bag the safer haven for global capital tag. Mr. Chawla told reporters on the sidelines of a Assocham function in New Delhi that though the Greece crisis could cause some ...

Sensex ends 561 points up

Sensex surges over 470 points in afternoon trade

Snapping a week-long losing streak, the Sensex at the Bombay Stock Exchange jumped 260 points, or 1.6 percent, to 17,029 points, in opening trade, today, on buying by foreign funds, amid a firm trend in the Asian markets. Gaining further ground, the Sensex stood a massive 474 points, or 2.8 percent ...

Rupee rises by 40 paise against dollar

The Indian rupee appreciated sharply by 40 paise against the dollar in early trade today largely on the back of fresh capital inflows by foreign funds into equities. At the Forex market, the rupee strengthened by 40 paise to 45.08 a dollar. Dealers said the rupee strengthened against the US currency...

Sensex recovers by 260 points in opening trade

The Sensex recovered by over 260 points in opening trade today, snapping its week-long losing streak on emergence of buying by foreign funds. The 30-share index, which had lost over 788 points in the previous five sessions, bounced back by 260 points or 1.55 per cent to 17,029 points. Likewise, the ...

Iran to award major gas contracts to Chinese, Malaysian & Indian firms

Iran has announced that it is awarding major gas contracts to Chinese, Malaysian and Indian firms for its extensive South Pars natural gas field rather than selling them to the Western companies originally expected to win concessions. Iran's Oil Minister, Masud Mir-Kazemi indicated on Satur...

National permit system for trucks becomes operational

National permit system for operating trucks across the country has become operational. According to government sources, the system could not be operational from 1st of this month due to some procedural delays. The national permit will be granted only after verification of documents by the authoritie...

Gold extends rally on higher global cues, silver also surges

Gold prices firmed up further at the bullion market in Mumbai on Saturday due to persistent buying by stockists and jewellers amid a firm trend in global markets.Catching up with the general trend, silver also surged on sustained demand from industrial users fuelled by strong overseas sentiment.Stan...

Nokia lodges another complaint against Apple

Finnish cell phone maker Nokia Corp has said that it has extended its patent-infringement claims against Apple Inc to include the new iPad.The latest complaint, filed in US District Court in Madison, Wisconsin, follows other lawsuits by Nokia claiming that a broad swath of Apple products violate Nok...