Business

February 11, 2010 10:08 AM

Rupee appreciates versus dollar

The rupee today appreciated by another four paise to 46.44 a dollar in early trade. The rupee had ended 17 paise higher at 46.48/49 in the previous session. Forex dealers said dollar's losses against other Asian currencies mainly supported the Indian unit.

February 11, 2010 10:05 AM

Markets open positive; sensex surges 221 pts trading at 16,143

The Bombay Stock Exchange benchmark Sensex today rose over 174 points in opening trade on fresh capital inflows by foreign funds. The sensex was trading at 16143, up by 221 points when reports last came in. Similarly, the wide-based National Stock Exchange index Nifty regained 4,800 points level to ...

February 11, 2010 9:45 AM

Sensex snaps gain, closes 120 points down

Snapping three-days of gains, the Sensex at the Bombay Stock Exchange closed 120 points or 0.8 per cent lower, at 15,922, after another very volatile day's trading, today. The Nifty at the National Stock Exchange fell 35 points or 0.7 per cent to 4,757. Stock markets in Japan, China, and Ho...

February 11, 2010 9:42 AM

FDI surges by 13.2% to $1.54bn

The foreign direct investment into the country jumped 13.2 per cent to 1.54 billion US Dollars in December against 1.36 billion US Dollars in December 2008.According to the latest RBI bulletin , this is the third consecutive month that FDI inflows have posted a healthy year-on-year jump. In October,...

February 11, 2010 9:41 AM

RBI directs banks to pass on lower tax benefits to customers

Reserve Bank of India asks banks to pass on lower interest rate to the customers. In a move to make credit market more transparent, bank proposes to replace existing benchmark prime lending rate (BPLR) with a new base rate system.RBI in a draft guidlines to all commercial banks have said that the ba...

February 10, 2010 9:22 PM

FDI in December surges by over 13 per cent to 1.54 bn

The foreign direct investment into the country jumped 13.2 per cent to 1.54 billion US Dollars inDecember against 1.36 billion US Dollars in December 2008.According to the latest RBI bulletin , this is the third consecutive month that FDI inflows haveposted a healthy year-on-year jump. In October, F...

February 10, 2010 8:35 PM

OPEC forecast modest growth in global oil demand

The Organisation of Petroleum Exporting Countries or OPEC held its forecast for modest growth in world oil demand this year today, but warned the slow pace of economic recovery was clouding the outlook. The oil producers' cartel said, the slow pace of the recovery in the world economy in 20...

February 10, 2010 5:32 PM

Sensex snaps gain, closes 120 points down

Snapping three-days of gains, the Sensex at the Bombay Stock Exchange closed 120 points or 0.8 per cent lower, at 15,922, after another very volatile day's trading, today. The Nifty at the National Stock Exchange fell 35 points or 0.7 per cent to 4,757. Stock markets in Japan, China, and Ho...

February 10, 2010 2:08 PM

Sensex posts modest gain in afternoon trade

The Sensex at the Bombay Stock Exchange rose 99 points, or 0.6 percent, to 16,141 in opening deals, on Wednesday, on firm global cues. Amid choppy trade, the Sensex stood 64 points, or 0.4 percent in the green, at 16,106, a short while ago. Stock markets in China, Japan, Hong Kong and Taiwan rose be...

February 10, 2010 1:20 PM

Sensex up by 62 pts in afternoon trade

The Bombay Stock Exchange benchmark Sensex was trading at 16104, up by 62 points in the afternoon trade when reports last came in. Similarly the wide-based National Stock Exchange index Nifty initially gained 22 points to quote at 4815 points. The US Dow Jones Industrial Average ended 1.52 per cent ...

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