APN News

  • Thursday, April, 2024| Today's Market | Current Time: 11:53:13

    • Commodity

    Oil down in Asia on weak US production data

    Oil was down in Asian trade on Thursday as caution returned to the market following weak US production data, analysts said. New York’s main contract, light sweet crude for delivery in June, dropped 33 cents to USD 93.97 a barrel and Brent North Sea crude for June delivery shed 16 cents to USD 103.52. “Disappointing […]

    Stock & Share Telecom

    Sensex recovers from early loss; up 54pts in late morning deals

    Paring early losses, the BSE benchmark Sensex on Thursday rose by 54 points in the late morning trade on fresh buying mainly in the healthcare, banking, capital goods, refinery and realty sectors on the back of firm global cues. Persistent capital inflows from foreign funds also boosted the market sentiment. Foreign institutional investors (FIIs) bought […]

    Business

    India-EU FTA talks stuck; insurance could be game spoiler

    Talks between India-EU chief negotiators on FTA got stuck with the European bloc making clear that the pact cannot proceed unless the insurance sector was further opened up by New Delhi, which expressed its inability to do so without Parliament approval. “The first day of talks got stuck on the issue of FDI in the […]

    Business

    Indirect tax collection up 3.3% in April

    Indirect tax collection in April, the first month of the 2013-14 fiscal, grew by a meagre 3.3 percent to Rs 33,684 crore with excise duty collection declining 14.7 percent year-on-year. Customs duty collection grew by 12.8 percent to Rs 13,083, while service tax collection grew 13.6 percent to Rs 10,712 in April, a senior Finance […]

    Business

    Direct transfer of cash sops on LPG in 20 districts from June

    The govt will from 1st June roll out direct transfer of cash subsidy on cooking gas (LPG) in 20 districts as it looks to cut its subsidy outgo by up to Rs 10,000 crore annually by eliminating diversions. Oil Minister M Veerappa Moily on Wednesday said 76 lakh consumers in 20 districts like Mysore, North […]

    Business

    AI to focus on making Dreamliners its workhorse

    Air India is set to replace all its eight Boeing B-777 (LR) aircraft with the help of the US aircraft manufacturer and make the B-787 Dreamliners its workhorse over the next few years. The announcement by Air India CMD Rohit Nandan came on a day when two of the airline’s six Dreamliners resumed commercial operations […]

    Business

    Gold demand may come down with decline in inflation:Rangarajan

    Gold demand is likely to fall as easing of general inflation rate will make investment in financial products more attractive than the yellow metal, PMEAC Chairman C Rangarajan said. Also, the steps being taken to curb gold demand are expected to bring down the current account deficit (CAD) by 0.4-0.5 per cent of GDP in […]

    Business

    Chandilya appointed Air Asia India CEO

    Air Asia India will have India-born management consultant Mittu Chandilya as its CEO, with the AirAsia Group Board formally approving his appointment. “I am pleased to announce the Board of Air Asia India has appointed Mittu Chandilya as CEO AirAsia India,” AirAsia group Chief Executive Officer Tony Fernandes tweeted on Wednesday. The Civil Aviation Ministry […]

    Business

    RBI inflation bonds for attracting household savings on 4th June

    The Reserve Bank has announced it will launch inflation-linked bonds every month, starting 4th June, to attract household savings of up to Rs 15,000 crore this fiscal so as to discourage investments in gold. “RBI, in consultation with Government of India, has decided to launch Inflation Indexed Bonds (IIBs),” the central bank said in statement […]

    Stock & Share

    Sensex hits 27-month high, climbs 491 points on rate cut hope

    The BSE benchmark Sensex on Wednesday rose by a massive 491 points to close at 27-month high at 20,213 on buying mainly in banking and interest-senstive stocks, after RBI said low inflation numbers will be taken into account in its next monetary policy on 17th June. With a steepest single-day gain of 490.67 after 29th […]

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