Net Rinse

The Bombay Stock Exchange benchmark Sensex opened sharply higher by 575 points in early trade on Wednesday on funds buying in heavy-weight stocks, led by realty and power sectors.
The 30-share index, which had lost 176.34 points on Tuesday, bounced back by 575.52 points to 13,925.17.
Similarly, the National Stock Exchange’s index Nifty regained 4,100 level by […]

MUMBAI: Market once again discounted alarming inflation data and ended on a strong note Friday helped by positive cues from the global markets and rupee’s fall against the dollar.
Bombay Stock Exchange’s Sensex ended at 17,434.94, up 0.47 per cent or 81.40 points. It touched a high of 17,497.36 and […]

MUMBAI: The equity market witnessed a good rally Wednesday which saw the indices close near day’s highs. Positive global cues were largely responsible for the rise, according to analysts, as domestic economic factors remained weak.
National Stock Exchange’s Nifty ended up 54 points or 1.09 per cent at 5011.75, making a high of 5026.10 […]

MUMBAI: The rupee dropped to its lowest in 13 months on Wednesday as record oil prices pushed up dollar demand from refiners, but exporters then cashed in their holdings and helped the Indian unit to pull back.
The partially convertible rupee ended down 0.8 per cent at 42.45/46 per dollar, off an intraday low […]

BANGALORE: Czech auto giant Skoda is stepping on the accelerator and plans five new launches in India, including its global small car that will debut next year. These introductions will see Skoda entering into new segments like multi-purpose vehicle (MPV) and the sports utility vehicle (SUV).
Speaking to TOI, Thomas Kuehl, member of the board […]

PARIS: The world’s largest steel group ArcelorMittal said on Saturday it has finalised the 810 million dollar (525 million euro) sale of a plant in the United States to Russian steelmaker Severstal.
It was ordered to dispose of the Sparrows Point plant in Baltimore, Maryland, by US authorities as a condition for their clearance of […]

NEW DELHI: Inflation is no longer just eating into your pocket by way of higher grocery bills. It’s also eroding the money you’ve safely put away in a fixed deposit in your bank or post office.
That’s because at 7.61%, it is more than enough to offset your interest earnings, giving you negative real returns.
Most […]

BANGKOK (THAILAND): Oil prices held steady on Thursday in Asia after jumping to a record near $124 a barrel as investors captivated by the market’s upward momentum seemed to ignore figures showing an increase in US crude and gasoline supplies.
Analysts attributed oil’s rise to continued buying from the surge that pushed prices past […]

NEW DELHI: After a year of slowdown, April came as a promising month for the Indian automobile industry.
All segments — cars, motorcycles, commercial vehicles and three-wheelers — did well with overall sales growing 9.8% in the first month of the new financial year, though analysts said things could become tough in the coming months.
According […]

HONG KONG: Global banking group has admitted to losing a computer server with the transaction data of 159,000 account holders in Hong Kong branch, sparking anger among some customers who closed accounts.
The bank said it had lost track of the server during renovation work at a Kwun Tong district branch in east Kowloon […]