Business News

  • Dip in inflation pushes Sensex up by 516 pts PTI - Fri, Aug 29

    Mumbai, Aug 29 (PTI) The benchmark Sensex today surged by 516 points, the biggest rise in four weeks, on all-round buying, particularly in interest sensitive banking and realty stocks, after

  • FM confident of close to 8 pc economic growth this fiscal PTI - Fri, Aug 29

    Mumbai, Aug 29 (PTI) Finance Minister P Chidambaram today exuded confidence that economy would grow nearly by eight per cent this year and fiscal consolidation targets would be met in the current

  • Gold remains firm on encouraging global trend PTI - Fri, Aug 29

    New Delhi, Aug 29 (PTI) Gold prices rose by Rs 20 to Rs 12,100 per 10 gram on the bullion market today on sustained buying influenced by a firm trend in the global markets as a hedge against

  • GDP growth slides to 7.9% in Q1, FM confident of 8% PTI - Fri, Aug 29

    New Delhi, Aug 29 (PTI) India's economy expanded by a slower 7.9 per cent in the first quarter of this fiscal, but it was on expected lines as high interest rates hit key growth engines, especially manufacturing. Decelerating manufacturing output and power generation pulled down the overall GDP growth to the lowest level in any quarter in over three years.

  • India's economy grows at 7.9 pc in Q1 PTI - Fri, Aug 29

    New Delhi, Aug 29 (PTI) Indian economic growth moderated to 7.9 per cent in the first quarter of current fiscal, against 9.

  • Rupee edges up by four paise in early trade PTI - Fri, Aug 29

    Mumbai, Aug 29 (PTI) The Indian rupee edged up by four paise at 43.74/75 against the green currency in early trade due to mild selling of US dollar from banks and corporates.

  • Sensex up 331 points in early trade as inflation eases PTI - Fri, Aug 29

    Mumbai, Aug 29 (PTI) The Bombay Stock Exchange benchmark Sensex rose by 331 points in early trade today on emergence of buying by funds and retail investors after inflation eased to 12.

  • Gold, silver continue to rule firm PTI - Thu, Aug 28

    Mumbai, Aug 28 (PTI) Gold and silver prices continued to rule firm for the second straight day on the bullion market here today on persistent demand from stockists in view of fast approaching

  • U.S. Dollar edges up against Rupee PTI - Thu, Aug 28

    Mumbai, Aug 28 (PTI) The U.S. Dollar edged up against the Rupee at Rs.43.78/79 per dollar but the Pound Sterling finished lower at Rs.80.

  • Inflation declines to 12.40 per cent PTI - Thu, Aug 28

    New Delhi, Aug 28 (PTI) Inflation declined marginally to 12.40 per cent for the week ended August 16 following a dip in prices of vegetables, meat and cement, which the Finance Ministry described as "early signs of moderation" in prices. The 0.23 per cent dip from 12.63 per cent in the previous week is the first time that inflation has fallen in a month. It was 3.

  • RIL, crude oil surge pull down Sensex by 248 points PTI - Thu, Aug 28

    Mumbai, Aug 28 (PTI) Markets remained under selling pressure for the second day today with the benchmark Sensex falling by over 248 points to its lowest in about a month, primarily on sharp

  • India, Asean conclude deal for FTA in goods PTI - Thu, Aug 28

    Jaishree Balasubramanian Singapore, Aug 28 (PTI) India and southeast Asian trading bloc Asean today successfully concluded six years of negotiations for a free trade agreement in goods that

  • RBI phasing out old Rs 1,000, Rs 500 notes PTI - Thu, Aug 28

    New Delhi, Aug 28 (PTI) The Reserve Bank is phasing out old currency notes in the denomination of Rs 1,000 and Rs 500 of 1996 series and replacing them with new ones with added security

  • Rupee snaps two-day slide, gains 11 paise against dollar PTI - Wed, Aug 27

    Mumbai, Aug 27 (PTI) A day after hitting the 44-mark in nearly 17 months against the greenback, the Indian rupee today gained 11 paise to close at 43.74/75 on dollar selling by banks.

  • Markets down, Sensex closes lower by 185 points PTI - Wed, Aug 27

    Mumbai, Aug 27 (PTI) Snapping the moderate gains of the last two days, the markets closed lower today with the benchmark Sensex shedding a significant 185 points on selling pressure in interest

  • Sensex down 40 points in late morning deals PTI - Wed, Aug 27

    Mumbai, Aug 27 (PTI) The Bombay Stock Exchange benchmark Sensex pared initial gains and was quoted 40 points down at 1030 hrs in a range-bound trade due to approaching expiry of derivatives

  • Rupee appreciates by 11 paise against US dollar PTI - Wed, Aug 27

    Mumbai, Aug 27 (PTI) The Indian rupee showed signs of breaking a two-day sliding string as it appreciated by 11 paise against the US currency during morning trade as demand for dollar petered out

  • FIPB clears Daiichi-Ranbaxy deal, CCEA to take final call PTI - Tue, Aug 26

    New Delhi, Aug 26 (PTI) The Foreign Investment Promotion Board (FIPB) today approved the acquisition of Ranbaxy by Japan's Daiichi Sankyo and the deal would now have to be cleared by the Finance

  • Tatas a victim of political conflict, says Nath PTI - Tue, Aug 26

    Singapore, Aug 26 (PTI) Commerce and Industry Minister Kamal Nath today said the Centre can play a facilitating role to break the Singur stalemate, while describing Tatas as a victim of

  • Rupee hits more than 17-month low of 44.10 in early trade PTI - Tue, Aug 26

    Mumbai, Aug 26 (PTI) The Indian rupee hit more than 17-month low of 44.10 against the greenback during morning trade on increased dollar demand from oil refiners and stronger dollar overseas amid sluggish stocks. At the Interbank Foreign Exchange (forex) market, the domestic currency resumed sharply lower at 43.98/99 a dollar from its last close of 43.78/79 a dollar.


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