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South Sudan's leader says Sudan has declared war
The president of newly independent South Sudan, in Beijing lobbying for economic and diplomatic support, told China's president on Tuesday that attacks by rival Sudan amount to a declaration of war on his country.There has yet to be a formal declaration of war by either of the Sudans, and Salva Kiir's remark, made during talks with President Hu Jintao, signals a ratcheting up of rhetoric between the

Rupee falls on import payments; more pain seen

- The rupee fell in afternoon trading driven by a pickup in purchases by domestic oil importers and USD/INR looks set to test its next resistance at 52.50.

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Thermal coal imports via Paradip jump 50%

Thermal coal imports through Paradip port improved by 50 per cent to six million tonnes during 2011-12. This comprised the lion’s share of the 16 million tonnes of import traffic handled by

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Gold customs duty rise may reduce investment demand

Gold imports are expected to have touched $60 billion in the previous financial year, justifying the government's move to raise customs duty to four per cent, as high gold and oil imports led to the

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Subir Roy: If it's good, it must be Sony

Ever since the audio cassette came, the great dream of those like me, who started working in the seventies, had been to own a two-in-one which enabled you to take your music where you went. But in

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Sensex, Nifty down marginally amid cautious trades

The market, which opened on a weak note this morning on global cues, remains quite subdued in late morning trades with investors not showing any keen interest in building up positions. Despite the

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