Mumbai : Oil prices were mixed in Asian trade today after the US central bank chief signalled that its easy monetary policy will be kept in place despite recent strong jobs data. Concerns over dampening Chinese demand as well as global supply inventories also weighed on the market. New York’s main contract crude for delivery […]
Mumbai : The BSE benchmark index Sensex today rebounded by over 177 points in early trade today. The 30-share BSE index, which had lost almost 309 points yesterday, rallied by 177.56 points, or 1.01 per cent, to 17,230.34. The wide-based National Stock Exchange index Nifty moved up by 48.80 points, or 0.94 per cent, to […]
New Delhi : Power Minister Sushilkumar Shinde on Monday said that US companies are welcome to set up joint venture entities for making power equipment in the country. “They (American companies) are welcome to come here,” Shinde told reporters in New Delhi on the sidelines of a conference on power sector. He was commenting on […]
New Delhi : The government says cancellation of 2G licences by the Supreme Court last month did not have any material impact on public sector banks. Minister of State for Finance Namo Narain Meena said in a written reply to the Lok Sabha today that the cancelled licences represent certain circle or areas only. The […]
New Delhi : The government on Monday raised interest rates on post office-operated small savings like Monthly Income Scheme (MIS) and Public Provident Fund (PPF) by up to 0.5 per cent, making them more attractive to investors. Interest rates on time deposits of one and two years have been increased by 0.5 per cent each […]
Mumbai : The BSE benchmark Sensex on Monday plunged 309 points to about 2-month low on heavy selling by funds concerned over market reports that the government may move to levy short-term capital gains tax for derivative products sold to foreign investors. The Sensex dropped 308.96 points, or 1.78 per cent to 17,052.78, a level […]
Mumbai : The rupee rose marginally by 7 paise to 51.10 rupees against dollar in early trade on the Interbank Foreign Exchange market, largely on the back of euro gains against the American currency overseas. The rupee had plunged by 50 paise to close at 51.18 rupees in the previous session on Thursday, the lowest […]
Mumbai : Oil prices edged lower in Asian trade today as investors took profits from last week’s gains. New York’s main contract, West Texas Intermediate crude for delivery in May, shed 29 cents to 106.58 dollars per barrel while Brent North Sea crude for May settlement was down 17 cents at 124.96 dollars in the […]
Mumbai : The BSE benchmark index Sensex on Monday fell by nearly 90 points in early trade, due to fresh selling by funds in the absence of any positive trigger, amid a mixed trend in Asian markets. The 30-share index, which had gained 165.27 points in the previous session, moved down by 89.64 points, or […]
New Delhi : An Empowered Group of Ministers (EGoM), headed by Finance Minister Pranab Mukherjee, will meet on Monday to decide on allowing an additional export of up to one million tonnes of sugar in the 2011-12 marketing year. The government has allowed 2 million tonnes of sugar exports in the 2011-12 marketing year in […]
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