Exports fall 6.6 % in October

Exports fell by 6.6 per cent for the 13th month in a row in October, though the decline was not as steep as witnessed in earlier months following the global financial crisis.According to the data released by the government, the exports stood at 13.19 billion dollars in October against 14.13 billion ...

Sensex crosses 17k mark

The Sensex at the Bombay Stock Exchange gained 139 points, to cross the 17,000 mark, at 17,066, on robust domestic economic growth in the second quarter, and amid rising global markets, today. Remaining firm, the Sensex stood 171 points, or 1 percent in the green, at 17,098, a short while ago. The N...

Dubai plans $ 26 billion debt restructuring

Sensex gains 139 points

The Sensex at the Bombay Stock Exchange gained 139 points, to cross the 17,000 mark, at 17,066, on robust economic growth for the second quarter, and amid firm global markets, today. Remaining firm, the Sensex stood 150 points, or 0.9 percent in the green, at 17,077, a short while ago. The Nifty at ...

Arab stock markets fall sharply

Stock markets in the United Arab Emirates have fallen sharply for the second day because of continuing concern over a possible default in its debt by the investment company, Dubai World. In early trading, the markets in Dubai and Abu Dhabi were down by about six per cent. Yesterday, the Dubai World ...

Indian economy grows 7.9 % in second quarter

Belying predictions, the Indian economy grew by a significant 7.9 per cent in the second quarter of this fiscal, up from 6.1 per cent in the previous quarter, essentially due to a good showing by the industry and the services sector. The growth compares favourably to 7.7 per cent recorded in the Jul...

Rupee up 11 paise

Extending yesterday's gains, the rupee today rose by 11 paise to 46.40 against the dollar in early trade on hopes of more capital inflows by foreign funds and strong Asian cues. Dollar's losses against other currencies also supported the local unit.At the Interbank Foreign Exchange...

The Dubai government has said it will not guarantee the debt of Dubai World which caused global panic because it cannot pay back creditors immediately. The statement came after stock markets in Dubai and Abu Dhabi saw sharp falls. The Finance Minister Abdulrahman al-Saleh has said that the creditors...

Dubai World crisis

The decision of the UAE authorities to step in to tackle the huge financial crisis confronted by Dubai World and reassuring statements of different central ministers from Kerala has created a sense of relief in the state having lakhs of people working in UAE, especially Dubai. However, unconfirmed r...

Dubai's Stock Market falls 7.3 per cent