Business

October 20, 2009 5:23 PM

Atul Chaturvedi is new Steel Secretary

Mr. Atul Chaturvedi, will be the new steel secretary. He replaces Mr. P K Rastogi who retires on 31st of this month. Mr. S.Krishnan, presently Special Secretary, Ministry of Labour and Employment will be the new Fertilizers Secretary.

October 20, 2009 11:13 AM

Oil surges higher on weak dollar

Oil continued to push higher in Asian trade today with investor sentiment bolstered by Wall Street's strong showing and a weak dollar. New York's main contract light, sweet crude for November delivery rose nine cents to 79.70 dollars a barrel. Brent North Sea crude for December del...

October 20, 2009 11:11 AM

Rupee appreciates 28 paise against dollar?

The rupee strengthened by 28 paise against the US currency in early trade today following dollar's weakness against other currencies. At the Interbank Foreign Exchange (forex) market, the local unit appreciated by 28 paise to 46.01 a dollar. Dealers said the dollar's weakness again...

October 20, 2009 11:09 AM

Sensex surges 131 pts in opening trade

The Bombay Stock Exchange benchmark Sensex today rose by over 131 points in opening trade on buying by foreign funds driven by firming global trends. The 30-share index spurted by 131.19 points to 17,457 points with stocks of IT, realty and metal sectors leading the rally. The wide-based National St...

October 19, 2009 4:09 PM

Air Asia to start Kolkata-Kuala Lumpur service

Air Asia, one of the leading low cost career in Asia will start it direct flight to Calcutta from Kuala Lumpur beginning next month. The launch of the new flight will be the Air Line's second operation to India after it successful first flight to Trichy launched last year. A spokesman of th...

October 19, 2009 10:28 AM

Oil prices eases in Asian trade

Oil prices eased in Asian trade on Monday as the US dollar recovered against the major currencies. New York's main contract, light sweet crude for Novemberdelivery, fell 12 cents to 78.41 dollars a barrel after closing at 78.53 dollars Friday, the highest level since October 2008. Brent Nor...

October 18, 2009 6:48 PM

Monthly release of Wholesale Price Index data

The government is likely to clear tomorrow a proposal for release of data on monthly basis instead of weekly basis for bulk of the items tracked by the Wholesale Price Index, WPI. Sources in the Commerce and Industry Ministry said, if the proposal is approved by the Cabinet Committee on Economic Aff...

October 18, 2009 10:54 AM

Banking sector continues to be shaky in US

In the United States, inching towards the century-mark a staggering 99 banks have collapsed up so far this year, indicating that the banking sector continues to be shaky. This year's toll is about four-fold that of 25 failures in 2008, with an average of nearly 10 banks collapsing every mon...

October 18, 2009 3:24 AM

Air Asia to start Kolkata-KualaLumpurb service

Air Asia, one of the leading low cost career in Asia will start it direct flight to Calcutta from Kuala Lumpur beginning next month. The launch of the new flight will be the Air Line's second operation to India after it successful first flight to Trichy launched last year. A spokesman of th...

October 18, 2009 12:13 AM

Govt not to hike oil prices despite surge in global rates

The government is not considering revising petrol and diesel prices despite a sharp rise in oil rates in international markets, as the devaluation of dollar against rupee has helped neutralise the global impact. "The situation is not worrisome now," Petroleum Minister Murli Deora s...

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