Business News

  • Prices of silver decline, gold look up PTI - Thu, Aug 21

    Mumbai, Aug 21 (PTI) Silver prices slid sharply on lack of industrial demand while gold continued its upward march for the third straight day on the bullion market here today due to higher Asian

  • China's ICBC becomes world's most profitable bank PTI - Thu, Aug 21

    Beijing, Aug 21 (PTI) China's biggest lender ICBC today became the world's most profitable bank with its first-half net profit of 9.

  • Inflation surges to 12.63 per cent PTI - Thu, Aug 21

    New Delhi, Aug 21 (PTI) Rising prices of food items like fruits, vegetables and milk pushed up inflation to 12.63 per cent for the week ended August 9 from 12.44 per cent a week ago.

  • Gold remains flat PTI - Thu, Aug 21

    New Delhi, Aug 21 (PTI) Gold prices were almost flat at Rs 11,910 per 10 gram, lower by Rs 10 on the bullion market today on restricted purchases by retail investors.

  • Govt to start open market operations in wheat and rice PTI - Thu, Aug 21

    New Delhi, Aug 21 (PTI) The government today decided to sell its surplus wheat and rice stocks in the open market to calm prices of these food grains, which have been feeding inflation.

  • Rupee recovers moderately in early trade PTI - Thu, Aug 21

    Mumbai, Aug 21 (PTI) The Indian rupee today recovered modestly against the greenback on exporters dollar selling as well as on expectations of the central bank intervening to prevent the local

  • Rupee ends at fresh 18-month low of 43.70/71 a dollar PTI - Wed, Aug 20

    Mumbai, Aug 20 (PTI) The Indian rupee is fast moving to the 44-mark as the local currency today lost 11 paise to close at 18-month low of 43.

  • Gold surges by Rs 360 on strong demand PTI - Wed, Aug 20

    New Delhi, Aug 20 (PTI) Gold prices today surged by Rs 360 to close at Rs 11,920 per 10 gram on the bullion market on heavy buying by stockists to meet the current marriage season demand.

  • Market snaps five-day losing string, Sensex gains 135 pts PTI - Wed, Aug 20

    Mumbai, Aug 20 (PTI) The Bombay Stock Exchange benchmark Sensex today spurted by over 134 points to snap its five-day long losing spree with metal, capital goods and realty sectors attracting

  • Banking, trade settlement stalled as banks staff go on strike PTI - Wed, Aug 20

    New Delhi/Mumbai, Aug 20 (PTI) Banking services and trade settlements were partially paralysed today as bank employees affiliated to Left leaning unions went on a day-long strike to protest

  • BrahMos hopes to clinch USD 10 bn worth orders in next decade PTI - Wed, Aug 20

    Vinay Shukla Moscow, Aug 20 (PTI) The Indo-Russian joint venture BrahMos Aerospace hopes to bag global orders worth USD 10 billion for its BrahMos cruise missiles in the coming decade, a top

  • Air fare revision unlikely next month PTI - Wed, Aug 20

    New Delhi, Aug 20 (PTI) Softening in global oil prices may lead to a cut in aviation turbine fuel prices next month but domestic airlines are unlikely to pass on the benefit to passengers.

  • Rupee at 1-1/2-year low of 43.72/73 a dollar PTI - Wed, Aug 20

    Mumbai, Aug 20 (PTI) The Indian rupee dropped to a nearly one and a half year low at 43.72/73, cheaper by another 13 paise against the US currency in morning trade today amid a day-long nationwide public sector bank strike. Extending its losses to sixth straight day, the domestic currency resumed lower at 43.68/70 a dollar from its previous close of 43.59/60 a dollar and later fell to 43.

  • Banks employees on strike over mergers, outsourcing PTI - Wed, Aug 20

    New Delhi, Aug 20 (PTI) A section of employees of public sector banks, barring SBI, and Reserve Bank went on a day-long nationwide strike today to protest the move to merge state-run banks and

  • Markets remain down for 5th day, Sensex loses 102 pts PTI - Tue, Aug 19

    Mumbai, Aug 19 (PTI) The benchmark Sensex today shed nearly 102 points extending the losses to the fifth straight session with consumer durables and IT stocks taking a hit while auto and metal

  • Gold prices decline on weak global cues PTI - Tue, Aug 19

    New Delhi, Aug 19 (PTI) Gold prices today lost Rs 20 at Rs 11,560 per 10 gram in the bullion market here on selling by stockists amidst weak global trends.

  • Kingfisher gets govt nod to fly abroad PTI - Tue, Aug 19

    New Delhi, Aug 19 (PTI) Kingfisher Airlines, promoted by flamboyant businessman Vijay Mallya, has secured permission to fly abroad starting with flights to London.

  • Bank employees in favour of merger: SBI Chairman PTI - Tue, Aug 19

    Bangalore, Aug 19 (PTI) Playing down a strike by officers yesterday to protest the merger of State Bank of Saurashtra with its parent, SBI Chairman O P Bhatt today claimed employees were in

  • TRAI allows Internet telephony; STD tariffs may drop PTI - Mon, Aug 18

    New Delhi, Aug 18 (PTI) Telecom users will soon be able make calls from their personal computers with Internet connection to a land line or a mobile phone and vice versa, if a TRAI recommendation

  • U.S. Dollar ends sharply higher against Rupee PTI - Mon, Aug 18

    Mumbai, Aug 18 (PTI) The U.S. Dollar ended sharply higher against the Rupee at Rs.43.59/60 per dollar and the Pound Sterling also finished higher at Rs.81.


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