Business

December 14, 2009 2:40 PM

Inflation rises to 4.78 per cent in November

Inflation jumped to 4.78 per cent in November, driven by rising prices of essential food items like pulses, fruits and vegetables. The monthly inflation data released in New Delhi on Monday showed inflation in the month rose from 1.34 per cent in October. During the month urad became dearer by 24 pe...

December 14, 2009 2:35 PM

China's efforts on energy supplies take a step forward

China's attempts to secure energy supplies take a significant step forward on Monday with the inauguration of a new pipeline delivering gas from Turkemenistan. Analysts say the new connection marks the beginning of a major diversification of Central Asia's huge energy reserves towa...

December 14, 2009 2:32 PM

Govt. of Abu Dhabi and UAE Central Bank agree to support Dubai

Dubai government has announced that Government of Abu Dhabi and the UAE Central Bank have agreed to provide important financial support. In a statement, the Chairman of the Dubai Supreme Fiscal Committee, Sheikh Ahmad bin Saeed Al Maktoum has said that the Government of Abu Dhabi has agreed to fund ...

December 14, 2009 2:01 PM

BSE Sensex gains over 104 points

The Bombay Stock Exchange benchmark Sensex on Monday gained over 104 points to quote at 17224 in the afternoon trade. The wide-based National Stock Exchange index Nifty also moved up 22 points to 5,139.Brokers said recovery in some of the Asian stock market after a poor start helped the trading sent...

December 14, 2009 1:05 PM

BSE Sensex gains 131 points

The Bombay Stock Exchange benchmark Sensex on Monday gained over 131 points to quote at 17250 in the afternoon trade.The wide-based National Stock Exchange index Nifty also moved up 31 points to 5,148.Brokers said recovery in some of the Asian stock markets after a poor start helped the trading sent...

December 14, 2009 1:02 PM

Inflation jumps to 4.78 per cent in November

Inflation jumped to 4.78 per cent in November, driven by rising prices of essential food items like pulses, fruits and vegetables. The monthly inflation data released in New Delhi on Monday showed inflation in the month rose from 1.34 per cent in October. During the month urad became dearer by 24 pe...

December 14, 2009 12:53 PM

BSE Sensex rises

In volatile trade, the Bombay Stock Exchange benchmark Sensex on Monday rose nearly 105 points in morning trade on emergence of buying by funds and investors. The Sensex was trading at 17,259up by 139 points when reports last came in. The wide-based National Stock Exchange index Nifty also moved up ...

December 14, 2009 12:52 PM

Oil prices fall

Oil prices fell in Asian trade on Monday as prices came under continued pressure from a strong dollar and US demand concerns. New York's main contract, light sweet crude was down 70 cents to 69.17 dollars a barrel. Brent North Sea crude eased 52Cents to 71.36 dollars a barrel.

December 14, 2009 12:33 PM

Dubai gets US dollar 10 billion from Abu Dhabi

Dubai's government has announced it has been given a US dollar10 billion dollar handout from Abu Dhabi to help it pay off its debts. It will use 4.1 billion dollar of the money to bail out the government-owned investment company Dubai World. The company's property development opera...

December 14, 2009 11:13 AM

Rupee depreciates 20 paise against US dollar

The rupee on Monday depreciated by 20 paise to 46.73 against the US dollar in opening trade. The rupee had ended 11 paise higher at 46.53/54 against the dollar in the previous session on Friday. Forex dealers said the expectations of fresh capital outflows by foreign funds mainly weighed on the rupe...

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