Refinery work completed in Punjab

In Punjab, about 44 per cent construction work of Guru Gobind Singh refinery at Bathinda has been completed. The 19,000 crore rupee refinery is the joint venture of Hindustan Petroleum (HPCL) and Mittal Energy Limited (HMEL). A spokesman of the company expressed confidence that the nine million metr...

Economic stimulus to continue for time being: PM

Prime Minister Dr Manmohan Singh said that the economic stimulus packages announced in the wake last year's downturn will continue for the time being. Talking to reporters in Hyderabad, he said, the country is not operating at full capacity of the economy and until those capacity limitation...

Sensex nosedives, closes at 16,642

The benchmark Sensex nosedived over 200 points on hectic selling across IT, auto, bankex, power and consumer goods counters.The 30-share Sensex closed the day down by 200 points at 16,642. The National Stock Exchange index, Nifty, also lost 57 points at 4,945.

Rupee falls marginally by five paisa against $

The Indian rupee came under pressure on Friday after a five-day strong rally and fell marginally by five paisa to 46.39 against the greenback on dollar buying by importers. The rupee had surged by 3.66 per cent to 46.34 in the last five days. The local unit resumed steady at 46.35 a dollar against i...

Sensex down by 85 pts

The Bombay Stock Exchange benchmark index was trading at 16762, down by 85 points in the noon trade when reports last came in. Sensex had risen by 120 points to 16,963 in opening trade. The wide-based National Stock Exchange index Nifty was also down by 22 points at 4979 when last report came in. It...

Sensex gains nearly 120 pts in opening trade

Rupee rises marginally by 2 paise against $

Indian rupee rose marginally by 2 paise to 46.32 in opening trade on Friday, extending its rally for the sixth session, on hopes of more capital inflows by funds. At the Forex market, the local unit has appreciated the highest since September 2008. The Indian rupee had on Thursday closed 32 paise hi...

Oil prices fall near to $71

Oil prices fell near to 71 US Dollars a barrel today in Asia. The Benchmark crude for November delivery was down 49 cents at 71.20 US Dollars by midday Singapore time in the New York Mercantile Exchange. The contract had yesterday added 2.12 US Dollars to settle at 71.69 US Dollars.

Montek urges Govt. to disinvest its state in PSUs

Planning Commission Deputy Chairman Montek Singh Ahluwalia said the government should disinvest its stake in public sector units as aggressively as possible to moblise funds for development in critical areas such as health, education and infrastructure.Talking to newsmen in New Delhi, he said, as lo...

TRAI evaluating option of per-second billing by operators

Telecom regulator TRAI on Thursday said it is evaluating the possibilities of making it mandatory for telecom operators to offer a per-second billing plan as an option along with their other schemes to the subscribers. "It is a proposal. We are not deciding anything today. Per-second billin...