Business News

Silver bounces back, up by Rs 3100 on brisk buying support

New Delhi, Jan 24: Silver staged a strong recovery by jumping Rs 3,100 to Rs 55,300 per kg on Tuesday, on brisk buying by stockists and coin makers for the marriage season amid increased offtake by industrial units. However, gold

RBI interest rate unchanged; Rs 32,000 cr injected by CRR cut

Mumbai, Jan 24: RBI on Tuesday injected Rs 32,000 crore into the system by lowering the Cash Reserve Ratio (CRR) by half-a-percentage point but kept the short-term lending rate unchanged in view of persisting inflationary concerns."Based on the current inflation trajectory, including

Rupee touches 10-week high Vs dollar in early trade

Mumbai, Jan 24: The rupee touched a 10-week high of 49.95 against the dollar on the Interbank Foreign Exchange market in early trade on Tuesday on continued foreign fund inflows. Dealers said consistent dollar inflows and euro's gains against the

Silver snaps six-day rally, down by Rs 3,300; gold up by Rs 95

New Delhi, Jan 23: Snapping a six-day rally, silver today tumbled by Rs 3,300 to Rs 52,200 per kg today on reduced offtake by industrial units at existing higher levels. However, gold gained further by Rs 95 to Rs 27,960

Oil prices lower on Europe debt worries

Singapore, Jan 23: Oil prices were lower in Asian trade on Monday amid renewed concerns over Europe's ability to deal with its towering debt crisis, analysts said. New York's main contract, West Texas Intermediate crude for delivery in March, was down 22

Rupee gains 8 paise against dollar in early trade

Mumbai, Jan 23: The rupee rose by 8 paise to Rs 50.23 per US dollar in early trade on the Interbank Foreign Exchange on Monday on dollar selling by exporters. Dealers said selling of dollars by

L&T eyes 10% growth in sales from E&A biz in FY13

Mumbai, Jan 22: Riding high on the growth in electrical industry, engineering and construction conglomerate Larsen and Toubro (L&T) is expecting a 10 per cent growth in sales from its electrical and automation business in the next financial year, a top

SAIL to increase production by 14 MTPA in two years

Rourkela, Jan 21: Unveiling ambitious expansion and modernisation plans for its units, steel behemoth SAIL is all set to pump in Rs 72,000 crore to raise production from 14 MTPA to 24 MTPA in two years. "By the end of

With candidates on campaign trail, diesel sales up in Punjab

Chandigarh, Jan 21: Diesel consumption has risen sharply by almost 13-14 per cent in the state this month, with poll candidates riding in fuel-guzzling sports utility vehicles (SUV) and top-end sedans followed by huge retinues as they campaign in their respective

Gold, silver fall on global cues

Mumbai, Jan 20: Gold and silver prices fell at the bullion market here on Thursday on profit selling by stockists and investors amid subdued jewellery demand on the back of lower overseas cues. Standard gold of 99.5 per cent purity

Vodafone defeats govt, wins Income Tax case in SC

New Delhi, Jan 20: In a major setback to the government, Vodafone won the Income Tax dispute case in the Supreme Court on Friday, Jan 20. The apex court asked the government to return the money to the company with 4

Rupee gains 5 paise against dollar in early trade

Mumbai, Jan 20: The rupee on Friday rose marginally by 5 paise to trade at a fresh over two-month high of Rs 50.20 per US dollar in early trade on the Interbank Foreign Exchange. Dealers said

Airtel faces Rs 1,067 cr TDS demand related to global ops

New Delhi, Jan 19: The Income Tax Department has slapped a Rs 1,067-crore demand notice on telecom giant Bharti Airtel for non-payment of TDS dues in the last four financial years in connection with its overseas operations, even as the company

Rupee gains 15 paise against dollar in early trade

Mumbai, Jan 19: The rupee strengthened by 15 paise to Rs 50.23 per US dollar in early trade on the Interbank Foreign Exchange today on dollar selling by exporters and capital inflows. Dealers said euro's gains on IMF plans to

Oil prices higher in Asian trade

Singapore, Jan 19: Oil prices were higher in Asian trade today, supported by news that the International Monetary Fund was boosting its coffers to aid in crisis intervention, analysts said. Data showing a drop in US crude inventories also helped

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