Business

April 23, 2010 10:01 AM

Oil prices mixed in Asian trade

Oil prices were mixed in Asian trade on Friday. New York's main contract, light sweet crude fordelivery in June, was up five cents to UAD 83.75 a barrel. Brent North Sea crude for June fell two cents to USD 85.65.

April 23, 2010 9:57 AM

Microsoft profit up by 35% with Windows 7 sales

Microsoft saw its profits leap by 35 per cent in the first three months of 2010 as its Windows-7 operating system continued to prove popular. The software giant made a net profit of 4 billion dollars and said it had also seen strong growth from its Bing search engine business and XBox Live. Sales hi...

April 22, 2010 8:05 PM

Sensex gains 101 points, closes at 17,574

Rising for the third straight session, the Sensex at the Bombay Stock Exchange gained 101 points, or 0.6 percent, to 17,574. The Nifty at the National Stock Exchange advanced 24 points, or 0.5 percent, to 5,269.But stock markets in Japan, China, Hong Kong, and South Korea fell between 0.3 percent an...

April 22, 2010 2:16 PM

Sensex surges over 260 points

The Sensex at the Bombay Stock Exchange fell 60 points, or 0.3 percent, to 17,413, in early trade, today, on profit-booking by funds and retail investors. But the Sensex has since rebounded strongly, and stood 261 points, or 1.5 percent in the green, at 17,734, a short while ago. Stock markets in Ja...

April 22, 2010 1:34 PM

Food inflation rises to 17.65 per cent

Food inflation rose to 17.65 per cent for the week ended April 10 from 17.22 per cent in the previous week due to higher prices of fruits and vegetables. In the corresponding week last year, food inflation was at 8.16 per cent. Prices of fruits and vegetables rose by 3 per cent, sea fish became cost...

April 22, 2010 12:43 PM

Oil prices down in Asian trade

Oil prices fell in Asian trade on Thursday after a report showing weaker demand in the United States, the world's largest energy-consuming nation. New York's main contract, light sweet crude dropped 26 cents to 83.42 dollars a barrel. Brent North Sea crude was down 16 cents to 85.5...

April 22, 2010 11:50 AM

IMF lauds tightening of monetary policy by India

The International Monetary Fund has lauded the tightening of monetary policy by India as an appropriate step, as the country is faced with high inflation and needs to consolidate the fiscal measures initiated during the slowdown. Abdul Abaid, senior economist in the IMF, World Economic Studies Divis...

April 22, 2010 11:50 AM

Google reveals demands for censorship, user data

Google has released details, for the first time, about how often countries around the world ask it to hand over user data or to censor information. Brazil tops the list with 3,663 data requests while the US made 3,580 and the U.K came a distant third with 1,166. Last month, the internet giant pulled...

April 22, 2010 10:10 AM

Rupee falls by 3 paise against US dollar

The Indian rupee on Thursday depreciated by 3 paise to 44.52 a dollar as the US currency gained overseas.The rupee had closed 3 paise lower at 44.55 a dollar in the previous session. Marketmen said fresh capital outflows from equities by foreign funds also weighed on the rupee sentiment.

April 22, 2010 10:08 AM

Sensex down by 60 pts in opening trade

The Bombay Stock Exchange benchmark Sensex fell by almost 60 points in early trade on Thursday on profit booking by funds and retail investors.The 30-share index, which had gained 11.98 points in the previous choppy session, was down 59.50 points, or 0.34 per cent, to 17,413 points. The wide-based N...

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