| GyanCentral - The hub for engineering and law students - IIT-JEE, AIEEE, BITSAT, CLAT, AILET - 2012: Top 10 business news of the day _ Target CLAT 2013 Sep 25th 2012, 10:17 | GyanCentral - The hub for engineering and law students - IIT-JEE, AIEEE, BITSAT, CLAT, AILET - 2012 | | The most comprehensive career education and test preparation forums in india. | | | Top 10 business news of the day _ Target CLAT 2013 Sep 25th 2012, 09:54 1. Gold declined by Rs. 190 to Rs. 31,950 per 10 grams in the bullion market in Delhi, while silver lost Rs. 800 to Rs. 60,400 per kg on subdued demand at higher levels. 2. The Sensex on Monday erased initial gains and closed 79 points lower on heavy selling in HUL, ITC and HDFC, amid a weak global trend. The BSE benchmark index, which had surged to 14-month high in the previous session, climbed 58.30 points at the outset but failed to sustain the momentum. It finally ended at 18,673.34, down 79.49 points, or 0.42 per cent. 3. The rupee declined by 8 paise to 53.55 against the dollar in early trade on the Interbank Foreign Exchange following increased month-end demand for the American currency from importers. 4. After rising to over four-month high in early trade, the rupee on Monday surrendered gains to close at 53.47, two paise lower, on heavy month-end dollar demand from importers and weakness in local stocks. 5. The government has lowered the customs duty on 'gold findings' to 4 per cent from 10 per cent, a development which the industry says will promote jewelery exports. 6. The rupee on Friday gained a hefty 93 paise to close at over 4-month high of 53.45 on massive USD 430 million capital inflows, amid government lowering a tax for overseas borrowing by local companies and easing of recent political worries. 7. The BSE benchmark Sensex gained over 56 points in early trade on Monday to fresh 14-month high on sustained buying by funds and retailers on expectations of more economic reforms by the government. 8. India's oil import bill leaped 40 per cent to a record $140 billion in Financial Year 2011-12 as high oil prices shaved off much of the nation's GDP growth rate, Oil Minister S Jaipal Reddy. 9. Commodity market regulator Forward Markets Commission on Thursday lifted the ban on trading in sugar futures, as retail prices of the sweetener have dropped by 40 per cent since January and also buoyed by expectations of a bumper output in 2010-11. 10. Standard and Poor's (S&P) has lowered the growth forecast for India to 5.5 per cent for this fiscal, from 6.5 per cent projected earlier, citing "volatile" global economic situation. | | | |  | |
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