Business

March 12, 2010 6:45 PM

Sensex ends with a marginal loss

The Sensex at the Bombay Stock Exchange closed with a marginal loss of one point, at 17,167, despite impressive industrial growth numbers, today. But the Nifty at the National Stock Exchange managed to gain 4 points, to 5,137.Stock markets in Japan, China, Singapore, Hong Kong and South Korea ended ...

March 12, 2010 6:45 PM

Gold down for eighth trading session today

Gold fell for the eighth trading session today, declining a marginal 10 rupees to 16,780 rupees per ten grams in the bullion market in Delhi. Silver ready, however, rose 250 rupees to 26,950 rupees per kilo.

March 12, 2010 6:15 PM

SEBI to announce guidelines for listing SMEs soon

Capital market regulator, the Securities and Exchange Board of India (SEBI), will soon announce guidelines for listing Small and Medium Enterprises (SMEs). The move is expected to provide a separate exchange or a platform for SMEs. SEBI Chairman C B Bhave said this in Mumbai today. More than four mo...

March 12, 2010 5:30 PM

Air India, Indian Airlines merger causes wastage of public money: Deo

A parliamentary panel has called for fixing the responsibility for the improper merger of the Air India and Indian Airlines. The panel says this adversely affected impact on financial viability of the public carrier.Briefing reporters, Chairman of the Public Undertakings committee Mr. V Kishore Chan...

March 12, 2010 1:03 PM

Industrial production up by 16.7 per cent in January

Industrial production grew by a robust 16.7 per cent in January compared to just one per cent in the same month a year ago. Manufacturing, which has around 80 per cent weight in the Index of Industrial Production, a measure of factory output in the country rose by 17.9 per cent during the month agai...

March 12, 2010 10:09 AM

Rupee raises 17 paise against US dollar in early trade

The Indian rupee appreciated by 17 paise to 45.44 dollar in the early trade on Friday in line with other firming Asian currencies. At the Forex market, the domestic currency had closed 23 paise lower at 45.62 in the previous session. Forex dealers said the rupee strengthened against the US currency ...

March 12, 2010 9:51 AM

Sensex gains 77 points in opening trade

The Sensex gained 77 points in the opening trade on continued capital inflows by foreign funds. Expectations of positive Industrial output data for the month of January also supported the upside in stock prices. The 30-share index, which gained over 115 points in the past two sessions, rose by 77 po...

March 11, 2010 8:36 PM

High inflation, primarily driven by food prices: RBI

The Reserve Bank today said high inflation, primarily driven by food prices, has started spreading to the broader economy now but it is likely to ease with the arrival of fresh crops. RBI deputy governor Subir Gokarn told reporters in Mumbai today that Inflation is spreading to specially manufacturi...

March 11, 2010 6:59 PM

Sensex up 70 points

The Sensex at the Bombay Stock Exchange gained 70 points, or 0.4 percent, to 17,168, today. The Nifty at the National Stock Exchange rose 17 points, or 0.3 percent, to 5,133. Stock markets in Japan, China, Singapore, and Hong Kong posted modest gains.

March 11, 2010 3:20 PM

Oil prices falls below 82 dollars in Asian trade

Oil prices fell below 82 dollars a barrel in Asian trade on Thursday. New York's light sweet crude eased 49 cents to 81.60 dollars a barrel while London's Brent North Sea crude was down 40 cents to 80.80 dollars a barrel.Analysts said the market was digesting gains made on Wednesda...

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