Food inflation down by 0.06 per cent

Food inflation dropped by 0.06 to 17.81 per cent towards the end of February from 17.87 per cent in the previous week. However, the fuel inflation shot up due to a hike in excise and customs duty in the Budget.On year-on-year pulses were dearer by 33.38 per cent, slightly lower than over 35 per cent...

Sensex up by 27 points

The Sensex at the Bombay Stock Exchange fell 38 points, or 0.2 per cent, to 17,060, in early trade, on Thursday, on profit-booking by investors.But the Sensex later recovered, to stand 27 points, or 0.2 percent in the green, at 17,125, a short while ago. Stock markets in Japan, South Korea, Hong Kon...

Food inflation slips to 17.81 per cent

Food inflation dropped by 0.06 to 17.81 per cent towards the end of February from 17.87 per cent in the previous week. However, the fuel inflation shot up due to a hike in excise and customs duty in the Budget.On year-on-year pulses were dearer by 33.38 per cent, slightly lower than over 35 per cent...

According to the latest list of world's top billionaires published by the Forbes magazine, Mexican billionaire Carlos Slim is the richest person in the world with 53.5 billion dollars assets, while Indian industrialist Mukesh Ambani ranks fourth with 29 billion dollars. Slim is followed by ...

Rupee falls by 7 paise against US dollar in early trade

The Indian rupee depreciated by 7 paise to 45.45 against the dollar in early trade on Thursday. The rupee had closed higher by 24 paise at 45.38/39 a dollar in the previous session.Forex dealers said besides capital outflows from equities by foreign funds, dollar's marginal gains against ot...

Sensex down by 38 pts in early trade

The Bombay Stock Exchange benchmark Sensex shed over 38 points in early trade on Thursday. Sensex was trading at 17090, down by over 7 points when reports last came in. Similarly, the wide-based National Stock Exchange index Nifty dipped by over 5 points to 5,112 points. Brokers said emergence of pr...

SBI proposes to bring rights issue to raise funds for business growth

State Bank of India, the country's largest lender, would prefer a rights issue to raise funds for business growth rather than diluting Government holding. O P Bhatt, Chairman of SBI said this to reporters in Mumbai today.He said the bank wants the Government to continue to be the major stak...

Sensex surges 46 points; closes at 17,098

The stock market today moved higher with a modest 46-point rise in the benchmark Sensex as the impact of a smart rally in Reliance Industries was minimised by selling pressure in other front line shares such as Bharti, Infosys and ICICI Bank.The BSE's 30-share key index ended the day at 17,...

Govt rules out selling equity in IOC, ONGC

The government has ruled out selling equity in Indian Oil Corp and Oil and Natural Gas Corporation. Petroleum Secretary S Sundareshan said on Wednesday in New Delhi that there is no serious consideration of this proposal at this juncture.Both IOC and ONGC are not in favour of raising money through e...

Lok Sabha adjourned for the day over Women's Reservation Bill

The Women's reservation issue rocked the Lok Sabha on the third day on Wednesday. After repeated adjournments on the passage of the bill in the Rajya Sabha and demand for revocation of suspension of seven members from the house, the house was adjourned for the day. As the house met in the m...