Business

December 31, 2009 7:21 PM

Oil companies reduce ATF prices

The state-run oil companies on Thursday cut rates by 1.6 per cent, a move that will ease burden on cash-strapped airlines. An official of the nation's largest oil firm, Indian Oil Corporation said, Aviation Turbine Fuel (ATF) prices in Delhi was reduced by 636 rupees a kilolitre to 38,697 r...

December 31, 2009 5:37 PM

BSE Sensex gains 121 points

The Sensex at the Bombay Stock Exchange rallied 121 points, or 0.7 per cent, to close with the biggest annual gain in 18 years, at 17,465, on Thursday. The Nifty at the National Stock Exchange rose 32 points, or 0.6 per cent, to 5,201.Stock markets in China, Hong Kong and Singapore rose between 0.5 ...

December 31, 2009 2:38 PM

Food inflation rises to 19.83 per cent

Food inflation rose to 19.83 per cent for the week ended December 19 on the back of spurting prices of potato and pulses. In the second week of December, the food inflation was at 18.65 per cent. Potato prices more than doubled while pulses became costly by over 41 per cent over the last year. Onion...

December 31, 2009 2:33 PM

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Sensex rises by over 160 points

The Bombay Stock Exchange benchmark Sensex today rose by over 160 points, in early trade after on selective buying by funds and retail investors in power and metal stocks. The 30-share index gained 150 points at 17,494 points in the noon trade. The wide-based National Stock Exchange index Nifty also...

December 31, 2009 11:15 AM

Rupee gains 7 paise against dollar in early trade

The Indian rupee today gained 7 paise against the US currency in early trade on hopes of fresh capital inflows into stock markets in line with firming trends on other Asian markets. At the Forex market, the local unit appreciated by 7 paise to 46.67 a dollar. The rupee had ended 8 paise lower at 46....

December 30, 2009 5:39 PM

Immediate withdrawal of stimulus package not good for economy: FM

India has cautioned against immediate withdrawal of stimulus packages by governments across the globe as it may lead to collapse of the world economy again. Finance Minister Pranab Mukherjee said at a Corporation Bank function in New Delhi that immediate coming out of the stimulus package may not be...

December 30, 2009 5:34 PM

BSE Sensex down by 57 points

The markets ended their four-day rising trend on Wednesday due to lower global indices. The Bombay Stock Exchange Sensex ended at 17,343.82, weaker by 57 points. The National Stock Exchange Nifty closed at 5169.45, down by 18 points. The consumer durables were the leading sectoral gainer for the sec...

December 30, 2009 2:03 PM

Sensex falls by 8 points in early trade

The Sensex at the Bombay Stock Exchange dipped 8 points, to 17,393, in early trade, on Wednesday morning, amid profit- booking, and weak Asian markets. Remaining flat, the Sensex stood 11 points in the red, at 17,390, a short while ago.Stock markets in South Korea, China and Taiwan were up by betwee...

December 30, 2009 1:09 PM

Rupee falls by 10 paise against dollar

The rupee today depreciated by 10 paise to 46.77 a dollar in the opening trade largely in line with other Asian currencies which fell against the greenback. Dealers said dollar's gains against other currencies and fears of more capital outflows by foreign funds. The rupee has ended one pais...

December 29, 2009 7:09 PM

No lending rates hike likely in next six months: SBI

The country's largest lender, State Bank of India, has said that there will be no hike in lending rates in the next six months as there is surplus liquidity in the market. SBI Chairman O P Bhatt told reporters in Jamshedpur that there is a good amount of liquidity in the market and credit o...

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