APN News

  • Sunday, February, 2023| Today's Market | Current Time: 07:01:15
  • Essar Oil completes Rs.8300 crore refinery expansion project

    Mumbai : Essar Oil has announced the completion of its 8,300-crore rupee expansion of its Vadinar oil refinery in Gujarat that will boost company’s turnover by 30 to 35 per cent, besides improving margins. Vadinar Refinery is now India’s second largest single-location refinery, with an annual capacity of 18 million tons, up from 14 million […]

    Oil down after stockpiles surged in U.S

    Mumbai : Oil fell to trade near the lowest in almost a week in New York on Thursday, after stockpiles surged in the U.S., the world’s largest crude consumer, and Western countries discussed tapping emergency reserves. Crude for May delivery on the NYMEX fell 57 cents, to 104.84 dollars a barrel. Prices are 6.1 percent […]

    Rupee falls by 62 paise against US dollar

    Mumbai : The rupee tumbled by 62 paise to close at almost 11-week low of 51 rupees 40 paise against dollar. This follows sustained demand for the US currency from importers and some banks amid weakness in local stocks. At the Interbank Foreign Exchange or Forex market, the domestic unit opened sharply lower at 51 […]

    Sensex down 63 pts; fag-end buying helps contain losses

    Mumbai : Fag-end value buying contained intra-day losses on Thursday and the BSE benchmark Sensex on Thursday closed lower by just 63 points amid this month’s settlement in the derivatives segment and a weak trend in global markets. Sensex, which had dipped below the 17k mark intra-day, recovered somewhat and closed at 17,058.61, down 63.01 points or 0.37 […]

    BRICS nations sign pacts to promote trade in local currency

    New Delhi : In an initiative to promote trade in local currencies, the BRICS nations on Thursday signed two agreements to provide line of credit to business community and decided to examine the possibility of setting up a development bank on lines of multilateral lending agencies. The agreements were signed by officials of five countries […]

    Bullion strike enters 13th day

    Mumbai : The strike by bullion traders and jewellers to protest the proposed increase in import duty on gold and imposition of excise duty on unbranded jewellery entered the 13th day on Thursday. Most jewellery houses remained closed ever since the Finance Minister Pranab Mukherjee in his budget proposals on 16thMarch announced 1 per cent […]

    Core industries grow by 6.8 pc in Feb

    Mumbai : The eight core industries expanded by 6.8 per cent in February, against 6.4 per cent in the same period last year, on healthy growth in coal, electricity and cement production. The infrastructure industries had grown by just 0.5 per cent in the previous month. According to the provisional data released on Thursday, Electricity, […]

    RBI relaxes various norms on overseas direct investments

    Mumbai: The Reserve Bank of India has relaxed various norms on overseas direct investments to offer more flexibility to the Indian companies and individuals. The RBI said in a notification that proposals from the Indian party for creation of charge in the form of pledge or mortgage on the immovable or movable property and other […]

    Rupee falls by 39 paise against dollars

    Mumbai : The rupee fell by 39 paise to 51 rupees 17 paise against the dollar in early trade today following strong month-end demand for the US currency from importers. The rupee had ended lower by 9 paise at 50 rupees 78 paise against the dollar on Wednesday.

    India for avoiding political disruptions that hit trade flow

    New Delhi : India has pitched for avoiding political disruptions that create volatilities in global energy markets affecting trade flow as the BRICS Summit began in New Delhi to discuss ways to enhance intra-BRICS trade and review the situation in the region. Addressing the fourth BRICS Summit, Prime Minister Dr. Manmohan Singh also said that […]