Indo-China Border Trade through Nathula ends today for 2009

In Sikkim, Indo-China Border Trade through Nathula is coming to an end on Monday for this year. The trade had commenced on the 5th of May this year.AIR Correspondent reports that while 29 commodities were sent to that side of the border, 15 commodities were imported from across the border.The trader...

Sensex rises 362 points on fresh buying by funds

The Sensex at the Bombay Stock Exchange surged 296 points, or 1.8 per cent, to 16,928, in opening trade, on Monday, on fresh buying by funds, after the government said the Dubai crisis should not have any major impact on the economy.Data showing that the Indian economy grew at a much stronger-than-e...

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 July...

Oil rises in Asia as fears over Dubai's debts ease

Oil prices perked up in Asian trade on Monday as investor worries over Dubai's debt crisis receded. New York's main contract, light sweet crude for January delivery, gained 49 cents to 76.52 dollars a barrel.Brent North Sea crude for January delivery rose 37 cents to 77.55 dollars.

Rupee up 25 paise at 46.39 a dlr in early trade

The rupee strengthened by 25 paise to 46.39 against the US dollar in early trade on hopes of fresh capital inflows into equity in line with firming trends on other Asian markets.Dollar's losses against other currencies too supported the Indian rupee.At the Interbank Foreign Exchange (Forex)...

Sensex up 295 points in opening trade

The Bombay Stock Exchange benchmark Sensex has recovered sharply by over 295 points in opening trade on fresh capital inflows by funds after the government said the Dubai crisis should not have any major impact.Firming trends on other Asian markets too buoyed the trading sentiments.The Sensex shot u...

WTO talks: India reiterates its opposition to protectionism

Ahead of the WTO Ministerial Meeting in Geneva next week, India has said that protectionism by some countries need to be opposed and delay in reaching a global trade-opening deal will harm developing countries. The Commerce and Industry Minister Mr.Anand Sharma said before leaving for the 6th WTO Mi...

UAE central bank sets up liquidity facility for banks

The central bank of the United Arab Emirates has said it is setting up a facility to provide banks with extra liquidity. The liquidity will be available to all UAE as well as foreign banks operating in the UAE. The announcement from the central bank came the day before markets in West Asia reopen af...

WTO talks: India reiterates its opposition to protectionism

Ahead of the WTO Ministerial Meeting in Geneva next week, India has said that protectionism by some countries need to be opposed and delay in reaching a global trade-opening deal will harm developing countries. The Commerce and Industry Minister Mr.Anand Sharma said before leaving for the 6th WTO Mi...

Protectionism is not good for the world economy: Anand Sharma

Ahead of the WTO Ministerial Meeting in Geneva next week, India has said that protectionism by some countries need to be opposed and delay in reaching a global trade-opening deal will harm developing countries. The Commerce and Industry Minister Anand Sharma said before leaving for the 6th WTO Minis...