Sensex up 116 points in early trade

The Bombay stocks exchange benchmark Sensex was trading in green in the morning trade today. Sensex was at 17,311 up by over 116 points when reports last came in. Similarly, Nifty of National Stocks exchange was up by over 29 points to quote at 5,138. Marketmen said investors were cautious in creati...

Gold sale down 50 % due to high prices

Gold prices have jumped 34 per cent to 16,080 rupees per ten gram since the last Dhanteras, a day considered auspicious for buying the precious metal. The prices of gold last year on the Dhanteras day ruled at 12,070 rupees per ten gram. Delhi Bullion Market President Surender Jain said, silver has ...

Government encouraging PSUs to raise resources: PM

The Prime Minister said, the government is encouraging Public Sector Units to raise resources by listing on the stock exchanges. Speaking after presentation of the excellence awards to PSUs in New Delhi this evening, Dr Manmohan Singh said, the move will unlock the true value of a company, besides i...

Government committed to autonomy for Public sector: PM

EU threatens action against India

The European Union has warned that it will drag India to the World Trade Organisation if New Delhi fails to slash taxes on wines and spirits imported from Europe. Spokesperson for the EU Agriculture and Rural Development Michael Mann told Indian journalists visiting the EU headquarters in Brussels t...

Stock markets close slightly lower

Inflation rises despite fall in prices of food items

Inflation rose to 0.92 per cent for the week ended 3rd October from 0.70 per cent a week ago, although the prices of staple food items fell, including vegetables by 13.19 per cent, for the 2nd straight week. Prices of food articles, in all, declined by 1.7 per cent, but when seen on year-on-year bas...

Govt. to review functioning of FCI and Central Warehousing Corp.

The Minister of State for Consumer Affairs, Food and Public Distribution Prof K V Thomas has said that the functioning of Food Corporation of India and Central Warehousing Corporation is being reviewed to strengthen it further. Addressing a press conference at Thiruvananthapuram he said that complai...

Sensex slides to 75 pts from 119 on opening

The Sensex at the Bombay Stock Exchange rose 119 points, to a 17-month high of 17,350 in opening trade, this morning, on sustained buying by funds, following strong global cues. But the Sensex later surrendered all those gains, and stood 75 points, or 0.4 percent in the red, at 17,156, a short while...

NTC strike in Chennai continues; talks with trade unions failed

In Tamil Nadu ,the strike by the workers of the National Textile Corporation (NTC) in the State is continuing. The talk with unions held in Chennai yesterday to resolve the bonus issue in the presence of Joint Commissioner of Labour could not find any solution. Around 2500 permanent workers and 1500...