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Currency

Rupee 49.28 against dollar

The rupee appreciated by 8 paise to trade at 49 rupees 28 paise against the dollar in early trade today, amid firm stock markets. In the previous session yesterday, the domestic currency had lost 17 paise to close at 49 rupees 36 paise against the dollar.

Stock & Share

Sensex regains 18K level, up 209 pts in early trade

The BSE benchmark index Sensex regained 18,000 points level on by rising nearly 209 points in early trade on Wednesday on sustained buying by funds and retailers on better-than-expected quarterly earnings by corporates. The 30-share index, which had gained almost 100 points in last two trading sessions, shot up by 208.76 points, or 1.17 percent, […]

Business

RBI hikes bank rate to 9.5 per cent

Mumbai: The Reserve Bank of India has decided to increase the bank rate to 9.5 per cent with immediate effect. RBI said in a notification that this increase should be viewed and understood as one-time technical adjustment to align the Bank Rate with the marginal standing facility (MSF) rate rather than a change in the […]

Stock & Share

Sensex gains 76 pts as inflation eases

Mumbai: The BSE benchmark index Sensex on Tuesday closed higher by 76 points on funds buying in bluechips as eased inflation bolstered hopes of policy rate cuts by RBI. The barometer, which had gained 24 points in the previous session, added another 75.73 points, or 0.43 per cent to 17,848.57 points. The investor confidence bolstered […]

Business

2G case: Essar, Loop withdraw pleas from Delhi HC

New Delhi: Essar Teleholdings and Loop Telecom, chargesheeted along with the promoters in the 2G scam, on Tuesday withdrew their pleas from the Delhi High Court, saying they have already moved the Supreme Court against the criminal proceedings before the special CBI court in the case. “The petitions are dismissed as withdrawn,” a bench of […]

Business

Indian defence tech attract global attention in Singapore

Singapore: State-of-the-art Indian defence technology, including unmanned aerial vehicle “Rustom” and pilot-less target aircraft “Lakhsya”, have attracted strong interests from several countries, including Brazil, Canada and Israel, a top DRDO official said in Singapore on Tuesday. “We have delegates visiting the Indian pavilion and expressing keen interest in our core technologies,” Parimal Kumar, additional director […]

Business

Prez to inaugurate CMs workshop on agri policy tomorrow

New Delhi :President Pratibha Patil will address a workshop in New Delhi on Wednesday to discuss various measures for rainfed and dryland farming in the country. The one-day workshop on policy initiatives for promoting partnership between stakeholders in agriculture “with particular reference to rainfed and dry land farming” will be attended by Prime Minister Manmohan […]

Business

GoM to decide on stake sale of ONGC, BHEL tomorrow

New Delhi: A panel of Ministers headed by Finance Minister Pranab Mukherjee will decide on stake sale of bluechip companies ONGC and BHEL on Wednesday which may fetch the government about Rs 14,500 crore in the current fiscal. “The GoM (Group of Ministers) is to meet tomorrow to consider proposals relating to disinvestment in Oil […]

Stock & Share

Sensex down 23 points in early trade

The BSE benchmark index Sensex fell by nearly 23 points in early trade today largely in tandem with weak trend on other Asian bourses. The 30-share barometer, which had gained 24.15 points in the previous choppy session, moved down by 22.97 points, or 0.13 per cent, to 17,749.87 points in early trade. The wide-based Nifty […]

Business

Japan GDP shrinks by 2.3 per cent

Japan’s economy contracted more than expected in the last three months of 2011 as a rising yen and floods in Thailand hurt businesses. Gross domestic product shrunk by 2.3 per cent during the period from a year earlier, much worse than 1.4 per cent contraction that analysts had forecast. Compared with the previous three months, […]