Business

    Dena Bank hikes interest, deposit rates

    Mumbai, Aug 7 (IANS) Dena Bank Thursday announced hikes in its deposit and lending rates, joining a slew of other banks that have revised rates recently following the central bank hiked cash reserve ratio and repo rate.


    Bank of India hikes interest rates

    Mumbai, Aug 7 (IANS) The state-owned Bank of India Thursday raised its lending rates by 75 basis points from the existing 13.25 percent to 14 percent.

Inflation crosses 12 percent, finance ministry says it’s stable

Aug 7th, 2008 | By Sindh Today | Category: Business, India

New Delhi, Aug 7 (IANS) India’s annual rate of inflation crossed the 12 percent mark to 12.01 percent for the week ended July 26 as compared to 11.98 percent the week before, data released Thursday showed.



ONGC places Rs.16-bn order for eight onshore rigs

Aug 7th, 2008 | By Sindh Today | Category: Business, India

New Delhi, Aug 7 (IANS) India’s state-owned Oil and Natural Gas Corp (ONGC) has given an order worth Rs.16.1 billion for eight deep drilling onshore rigs to Shiv-Vani Oil and Gas exploration services, it was announced Thursday.



Jet to start daily flights to Dubai from Aug 23

Aug 7th, 2008 | By Sindh Today | Category: Business, India

New Delhi, Aug 7 (IANS) India’s largest private airline, Jet Airways, will start daily flights to Dubai from Mumbai and Delhi from Aug 23, it said Thursday.



Equity markets end with marginal gain ahead of weekly inflation data (Roundup)

Aug 7th, 2008 | By Sindh Today | Category: Business, India

Mumbai, Aug 7 (IANS) Indian equity markets ended on a cautious note Thursday with a marginal gain, ahead of the weekly inflation data.



Abu Dhabi got $3.3 bn investment in 2007: report

Aug 7th, 2008 | By Sindh Today | Category: Business, World

Abu Dhabi, Aug 7 (IANS) The volume of investments in the economic zones of the emirate of Abu Dhabi in the United Arab Emirates (UAE) rose to 12 billion dirhams ($3.3 billion) in 2007, according to a new report.



Forex futures trading to begin soon

Aug 6th, 2008 | By Sindh Today | Category: Business, India

Mumbai, Aug 6 (IANS) It is expected that Indian banks and residents will be allowed to trade in foreign currency futures by the month-end, going by the new guidelines announced by the Indian central bank here Wednesday.



Equity markets make huge gains in early trade

Aug 6th, 2008 | By Sindh Today | Category: Business, India

Mumbai, Aug 6 (IANS) Indian equity markets opened with an upswing Wednesday on news that global oil prices had fallen and the US Federal Reserve had kept interest rates steady. Then the markets made huge gains in early trade.



Apple iPhone 3G out of stock

Aug 5th, 2008 | By Sindh Today | Category: Biz-Tech, Business

The new Apple iphone 3G is sold out in all of the Apple’s official retail stores in US. According to different media reports, Apple is not keeping up with iPhone 3G phones’ demand since its launch.