Rupee appreciates 20 paise against dollar

The Indian rupee today appreciated by 20 paise to touch a week-high of 46.80 against the US dollar in early trade. The Indian rupee ended three paise higher at 47.02/03 in Thursday's volatile session. Dealers said dollar selling by exporters mainly supported the Indian rupee.

Sensex bounces back gaining 152 pts crossing 16K level

Reversing early losses, the Sensex at the Bombay Stock Exchange rallied 152 points, or 1 percent, to again close above the 16,000 level, at 16,064, today. The Nifty at the National Stock Exchange jumped 55 points, or 1.2 per cent, to 4,766. But other Asian markets in Japan, Hong Kong, Singapore, and...

Senses bounces back gaining 152 pts crossing 16K level

Reversing early losses, the Sensex at the Bombay Stock Exchange rallied 152 points, or 1 percent, to again close above the 16,000 level, at 16,064, today. The Nifty at the National Stock Exchange jumped 55 points, or 1.2 per cent, to 4,766. But other Asian markets in Japan, Hong Kong, Singapore, and...

General Motors plans to cut 10,000 jobs

General Motors (GM) has confirmed that it plans to cut 10,000 jobs across its European car unit Opel, which includes the Vauxhall brand in the UK. The announcement comes a day after GM said it was cancelling its deal to sell Opel to Canadian car parts firm Magna. Meanwhile, the trade unions in Germa...

Direct tax collections rise by 3.92 % in first seven months

Direct tax collections grew by 3.92 per cent to Rs. 1,73,447 crore for the first seven months of current fiscal. This is around 2 lakh crore rupees short of the target for the mop-up this financial year. The Central Board of Direct Taxes said in a statement that the net direct tax collections for th...

Sensex recovers in late trade, regains 16K

Sensex recovers after early loses in volatile trade

After losing 184 points in the opening trade this morning, the Sensex at the Bombay Stock Exchange recovered partially in afternoon trade and stood 38 points, or 0.2 per cent in the red at 15,874 a short while ago. Other Asian markets in Japan, Hong Kong, South Korea, Signapore and Taiwan were down ...

Inflation for primary articles including foodgrains and vegetables decline 0.11 per cent

The Government today introduced a new mechanism for monitoring wholesale price movement. Based on the new guidelines, the inflation rate for primary articles, including food grain, pulses and vegetables, declined 0.11 per cent during the week ending October 24. The inflation rate for fuel, power, li...

Oil prices lower in Asia

Oil prices were lower in Asia on Thursday. New York's main contract, light sweet crude for December delivery, shed 34 cents to 80.06 dollars a barrel.Brent North Sea crude for December delivery slipped 53 cents to 78.36 dollars. Prices eased after breaking through the 80-dollar mark in New ...

LoC trade in J & K

In Jammu and Kashmir, traders of Poonch and Pak Occupied Kashmir exchanged tradable goods worth 6 crore rupees during the two-day weekly trade through Chakan-da- Bagh in Poonch district of Jammu division. On Wednesday, forty trucks exchanged sides and goods worth 2.63 crore rupees were exchanged bet...