Business

March 10, 2010 2:28 PM

Sensex maintains marginal gain

The Sensex at the Bombay Stock Exchange rose 43 points, or 0.3 per cent, to 17,096, in opening trade on Wednesday. After easing somewhat, the Sensex stood 28 points, or 0.2 percent in the green, at 17,081, a short while ago.Stock markets in Japan, South Korea, Hong Kong, Indonesia, Taiwan and Singap...

March 10, 2010 1:39 PM

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 ...

March 10, 2010 1:38 PM

China's exports jumps by 46 per cent in Feb

China's exports jumped by 46 per cent in February compared with a year ago, raising hopes of a strong recovery in global trade.The increase was higher than analysts' expectations of a rise of between 35% and 40%. It is likely to increase pressure on the Chinese government to raise ...

March 10, 2010 1:32 PM

Sensex maintains marginal gain

The Bombay Stock Exchange benchmark Sensex on Wednesday gained over 44 points in the opening trade on fresh capital inflows from foreign funds. The Sensex was trading at 17,087, up by 36 points when reports last came in. Similarly, the wide-based National Stock Exchange index Nifty was trading 5 poi...

March 10, 2010 12:44 PM

Rupee rises by 19 paise against US dollar

The Indian rupee appreciated by 19 paise to 45.43/44 against the US dollar in the morning trade on Wednesday. The rupee closed lower by 10 paise at 45.62/63 on Tuesday. On Monday the rupee hit 45.38, its strongest since Jan. 12.

March 10, 2010 10:12 AM

Rupee down 12 paise against US dollar in early trade

The Indian rupee depreciated by 12 paise to 45.50 against the US dollar in early trade on Wednesday. The rupee closed lower by 10 paise at 45.62/63 on Tuesday. Forex dealers said the fall in rupee is due to strong demand for dollar overseas.

March 10, 2010 9:51 AM

Sensex gains 44 pts in early trade

The Bombay Stock Exchange benchmark Sensex has gained over 44 points in the opening trade on Wednesday on fresh capital inflows from foreign funds. The Sensex was trading at 17,123, up by 74 points when reports last came in. Similarly,the wide-based National Stock Exchange index Nifty was trading 17...

March 10, 2010 9:29 AM

SBI to open 25 new branches in Assam

In view of growing volume of business, the State Bank of India is planning to open 25 more branches during the current fiscal in Assam. The bank is also increasing its ATM strength. According to Mr O.P.Bhatt, the Chairman of State Bank of India, the bank has taken decision to this effect to meet the...

March 9, 2010 7:48 PM

Tea forum opened at Dubai

The 3rd Global Dubai Tea Forum opened in Dubai today. Over 360 delegates from more than 35 countries, including Tea Board of India are attending the two-day forum.Inaugurating the forum, the UAE Minister of Economy Sultan Bin Saeed Al Mansoori in his key note address expressed the confidence that it...

March 9, 2010 7:30 PM

South Korea introduces wireless electric vehicle

South Korea has introduced the world ' s first commercial wireless electric vehicle at a theme park in Seoul. The "On-line Electric Vehicle,"(OELV) which debuted at the Seoul Grand Park as one of its seven shuttles, charges its electricity from power strips built five cent...

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