Business

September 30, 2009 10:33 AM

Oil rebounds in Asian trade

Oil rebounded in Asian trade on Wednesday after overnight falls in reaction to weaker US consumer confidence. New York's main contract, light sweet crude for November delivery, rose 26 cents to 66.97 dollars a barrel.Brent North Sea crude for November delivery gained 29 cents to 65.78 dolla...

September 29, 2009 5:53 PM

Business NeNo proposal to increase borrowing: Finance Secretary

The government on Tuesday said it does not intend to increase borrowing target for the current fiscal 2009-10, which has been pegged at Rs. 4.51 lakh crore. Finance Secretary Ashok Chawla told this to reporters in New Delhi ahead of the meeting to decide the borrowing schedule for the second-half of...

September 29, 2009 3:41 PM

Wockhardt hospitals to get re-branded as Fortis group

Fortis Healthcare on Monday said Wockhardt's 10 healthcare facilities it has acquired would be rebranded as Fortis Hospitals. "Eventually, all the hospitals acquired by the Fortis group (from Wockhardt), including those under construction, would be rebranded as Fortis Healthcare Ho...

September 29, 2009 3:40 PM

Oil slightly higher in Asian trade

Oil was slightly firmer in Asian trade on Tuesday, lifted in part by Wall Street's overnight gains, analysts said. Prices were also boosted by geopolitical tensions in the Middle East after major crude producer Iran test fired missiles capable of reaching targets in Israel on Monday, analys...

September 29, 2009 3:40 PM

Sensex surges 202 pts, Nifty regains 5,000-mark in early trade

Bombay Stock Exchange benchmark index Sensex shot up by 202 points in early trade on Tuesday, after recording losses in the previous session, as foreign funds pumped in fresh money, driven by firming trends in other Asian bourses and an overnight rally in the US market. The 30-share BSE Sensex rose ...

September 29, 2009 11:19 AM

Rupee falls 10 paise against dollar

The rupee on Tuesday weakened by another 10 paise to 48.07 against the greenback in early trade on Tuesday on fresh month-end dollar demand amid strong equity markets.The domestic currency resumed weak against its last close of 47.97 a dollar and later fell to 48.07 before being quoted at 48.01 a do...

September 29, 2009 9:27 AM

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September 29, 2009 12:52 AM

Govt. asked AI management for a comprehensive talk with all employees

The Ministry also appealed to the Executive pilots to immediately end their strike which entered the third-day on Monday disrupting another 40 flights. The pilots of the cash-strapped airline are protesting against the cut in the Productivity Linked Incentives (PLI). Striking a conciliatory note, Ci...

September 28, 2009 3:26 PM

India-Aus talk on Free Trade Agreement likely soon

India and Australia are expected to launch negotiations soon on Free Trade Agreement to enhance bilateral commerce. A Joint Study Group, set up to conduct feasibility study for such an agreement, has prepared a report favouring such a pact. The report will now be studied by the respective government...

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