Business

November 10, 2009 6:23 PM

Discussion paper on GST released

Various central taxes including excise, VAT, and services tax are proposed to be merged in the goods and services tax, GST. This will make it easier for business and industry. A discussion paper on Goods and Services Tax was released in New Delhi by the Chairman of the Empowered Committee of State F...

November 10, 2009 5:58 PM

Discussion paper on GST released

A discussion paper on Goods and Services Tax, GST, was released in New Delhi today in a bid to take all stakeholders on board before taking a final decision on its implementation. The draft paper was released by the Chairman of the Empowered Committee of State Finance Ministers and Finance Minister ...

November 10, 2009 5:20 PM

Sensex snaps 4- session rally

Snapping a four-session rally, the Sensex at the Bombay Stock Exchange closed 58 points, or 0.4 percent lower, at 16,441, on profit-booking, today. The Nifty at the National Stock Exchange fell 17 points, or 0.3 percent, to 4,882.Stock markets in Japan, China, South Korea, Hong Kong and Singapore po...

November 10, 2009 2:48 PM

Sensex turns into red at mid session

The Bombay Stock Exchange benchmark Sensex turned weak at mid session today after gaining 179 points in the opening trade. It was trading at 16447, down by 51 points at 1:30 hrs. Similarly, the wide-based National Stock Exchange index Nifty fell 25.75 points to 4,872.65 at the same time. Heavy-weigh...

November 10, 2009 2:00 PM

Sensex rises 179 points in opening trade

The BSE benchmark Sensex rose nearly 179 points in opening trade today. Later it shed some of its gains and was trading at 16587, up by 88 points when reports last came in. The wide-based National Stock Exchange index Nifty climbed 25 points to 4,923 points.Brokers said sentiments on the domestic bo...

November 10, 2009 10:45 AM

Sensex up over 50 points in morning trade

The Bombay Exchange benchmark Sensex today opened over 50 points up in the morning trade. Sensex was trading at 16630, up by over 131 points when reports last came in. Similarly, Nifty of National Stocks exchange was trading at 4935, up by 37 points.

November 10, 2009 10:33 AM

Rupee 3-week high, rises 6 paise at $ 46.39

The rupee appreciated by 6 paise to hit a three-week high at 46.39 against the US dollar in early trade today. This is for the 5th consecutive day the rupee has appreciated. Yesterday, the Indian rupee ended 35 paise higher at 46.45/46. Forex dealers said expectations of more capital inflows by fore...

November 9, 2009 9:35 PM

Rupee strengthens by 20 paise

Extending its gains for the fourth straight day, the rupee strengthened by 20 paise in early trade today at 46.60 against the US dollar on expectations of more capital inflows into domestic equities. Dollar's weakness against other currencies also supported the rupee. The Indian rupee ended...

November 9, 2009 9:01 PM

Gold touches new heights

Gold prices in London, New York, Shanghai and Mumbai surged to record highs, today, on the back of a weak dollar. In Singapore, gold for immediate delivery shot up 10.01 dollars, to an all-time high of 1,105.11 dollars an ounce, as expectations for record low borrowing costs in the US drove down the...

November 9, 2009 9:00 PM

Gold touches new heights.

Gold ruled steady at 16,900 rupees per ten grams at Delhi's bullion market, today.But in the global market, gold surged to a new record high of 1,109.90 dollars an ounce, as a weakening dollar raised its appeal as an alternative investment.

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