Business

November 4, 2009 2:39 PM

BSE Sensex rises by 400 points in afternoon trade

The Bombay Stock Exchange benchmark Sensex rose by 400 points in afternoon trade on Wednesday on buying by funds and retail investors after Finance Minister Pranab Mukherjee ruled out withdrawal of stimulus packages. The 30-share index rose by 218 points to 15,623 with all the sectoral indices gaini...

November 4, 2009 1:08 PM

Justice Raveendran withdraws from Bench hearing Ambani brothers' case

In a dramatic turn in the Ambani brothers' gas dispute case, Justice R V Raveendran, a senior Supreme Court judge, on Wednesday, withdrew from the Bench hearing the case, saying his daughter is associated with a solicitors firm advising Mukesh Ambani group on other global projects. A new Be...

November 4, 2009 11:38 AM

Over 18,200 MW electricity added in current Five-Year Plan: Power Minister

Over 18 thousand two hundred megawatt of electricity has been added to the pool in the current five-year plan so far. Union Power Minister Mr. Sushil Kumar Shinde told economic editors conference in the capital on Wednesday morning that a capacity addition of over 62 thousand megawatts will be achie...

November 4, 2009 11:15 AM

BSE Sensex rises by 218 points

The Bombay Stock Exchange benchmark Sensex rose by 218 points in opening trade on Wednesday on buying by funds and retail investors after Finance Minister Pranab Mukherjee ruled out withdrawal of stimulus packages. The 30-share index rose by 218 points to 15,623 with all the sectoral indices gaining...

November 4, 2009 11:10 AM

Rupee appreciates by 22 paise against dollar

The Indian rupee appreciated by 22 paise in early trade on Wednesday on expectations of fresh capital inflows by capital funds. At the Interbank Foreign Exchange market, the local unit strengthened by 22 paise to 47.18 a dollar. Dealers said, firming trends in Asian market, mainly supported the rupe...

November 3, 2009 8:10 PM

Gold prices touch Rs 16,470/10 gm

Gold prices shot up 280 rupees, to touch a new peak of 16,470 rupees per ten grams at Delhi's bullion market, today, on increased buying for the ongoing marriage season, and a firm global trend. Silver ready rose 200 rupees, to 26,550 rupees per kilo. In the overseas markets, gold had spurt...

November 3, 2009 5:30 PM

India global trade rises 54% in last five years

India's global trade in services and goods has risen phenomenally in the last five years to constitute over 54 per cent of its gross domestic product. According to the official data released in New Delhi today, in 2003-04, the country's exports and imports in both services and merc...

November 3, 2009 4:59 PM

Sensex nosedives 491 pts to close at 15405

The Indian stock markets recorded huge slump in today's session with both benchmark indices ending in negative. The Sensex at the Bombay stock exchange tumbled over 491 points to close at 15405. All the sectoral indices on the BSE were lower with the realty index down over 9 per cent. The m...

November 3, 2009 4:33 PM

India's gold reserves shot up by 55%

The Reserve Bank of India's gold stock has shot up by more than 55 per cent with the purchase of 200 tonnes of IMF gold at an estimated cost of 6.7 billion US Dollars. RBI, had tp pledge gold during 1991 crisis with the Bank of England to raise resources to meet external obligations. Financ...

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