Business News

Allahabad Bank raises prime lending rate by 50 bps Posted: 08 Aug 2008 03:07 AM CDT MUMBAI (Reuters) - State-run Allahabad Bank said on Friday it has raised its benchmark prime lending rate by 50 basis points to 14 percent with immediate effect.

Sensex falls below 15K in early trade Posted: 08 Aug 2008 03:05 AM CDT Mumbai, Aug 8 (ANI): With the annual inflation crossing the 12 per cent mark for the first time in 13 years for the week ended July 26, the 30-share Sensex, benchmark of the Bombay Stock Exchange (BSE) fell by 117 points at 14,999.92 in early trade today after heavy selling by funds.

Japan stocks rise slightly on relief about Toyota Posted: 08 Aug 2008 03:01 AM CDT TOKYO (AP) _ Japanese shares ended slightly higher Friday, boosted by renewed optimism about Toyota and other issues that had previously lagged on worries about earnings.

Gold strikes 8-week low on dollar, platinum down Posted: 08 Aug 2008 02:54 AM CDT By Lewa Pardomuan

June-Sept monsoon revives, set to be normal Posted: 08 Aug 2008 02:51 AM CDT NEW DELHI (Reuters) - India's June-September monsoon rains have revived across the country and are expected to be normal, Science and Technology Minister Kapil Sibal told reporters on Friday.

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