The BSE benchmark index Sensex recovered by almost 52 points in early trade on Monday on buying by funds and retail investors which took cues from firming trends on the other Asian bourses. Also encouraging quarterly earnings by some corporates also influenced the sentiments. The Sensex, which had lost 82.06 points in the previous session, […]
India and Pakistan have the potential to boost bilateral trade to $15 billion a year. This was stated by Indian High Commissioner Sharat Sabharwal in Lahore at the inauguration of the largest ever India-specific trade exhibition in Pakistan today. Sabharwal said India is a growing economy and other countries of the region too should benefit […]
The International Energy Agency (IEA) says the oil embargo on Iran will not affect the global oil supplies much since the supply is sufficient. In its latest report on the forecast for global oil demand, the agency said there was sufficient flexibility in oil supplies in the international market to withstand any impact of sanctions […]
Further tightening security norms, the Telecom Ministry has asked service providers to maintain a record of software changes made in their networks for a period of 10 years. “All the licencees should maintain the record, of what software changes/updation were made and why were these necessitated besides who made the changes and when changes were […]
The govt on Friday approved 20 foreign direct investment proposals, including that of Fluke South East Asia Pte, APF II India Investments Mauritius and Edict Pharmaceuticals, that envisage a total investment of Rs 1,034.37 crore. The proposals were cleared following recommendations of the Foreign Investment Promotion Board (FIPB). The government cleared Singapore-based Fluke South East […]
Gold gained 25 rupees, to 28,515 rupees per ten grams at Delhi’s bullion market today. Silver rose 200 rupees, to 56,700 ruopes per kilo on rising demand from industrial units. But in London, gold fell 0.7 per cent, to 1,717 dollars an ounce.
Most Asian markets fell, today, after Greece approved a long-awaited austerity agreement, but international backers called for ratification of the reforms before more bailout funds would be released. So, Japan’s Nikkei-225 slipped 0.6%; Hong Kong’s Hang Seng lost 1.1%; South Korea’s Kospi dropped 1% and Singapore’s Strait Times index shed 0.7%. But, China’s Shanghai Composite […]
Snapping a two-session rally, the BSE benchmark index Sensex on Friday fell by 82 points to close at 17,748.69, on disappointing industrial output growth. The Sensex, which had gained over 208 points in the last two trading sessions, fell by 82.06 points, or 0.46 per cent, to 17,748.69, after dismal industrial production hit the investor […]
State owned company National Thermal Power Corporation (NTPC) has paid an interim dividend of around Rs 2,886 crore for the current fiscal. According to an official release, CMD of the NTPC Arup Roy presented the dividend cheque to the Power Minister Mr. Sushilkumar Shinde in New Delhi. It is the highest ever interim dividend paid […]
Industrial production grew by just 1.8 per cent year-on-year in December 2011 due to contraction in mining and capital goods sectors and a lower manufacturing sector growth. Factory output growth, as measured by the Index of Industrial Production (IIP), was at 8.1 per cent in December 2010. Output of the manufacturing sector, which constitutes over […]
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