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Markets up on GDP numbers, easing Dubai debt concerns
The stock markets rose sharply on Monday on the back of strong gross domestic product (GDP) numbers and firm global cues. The Sensex closed at 16,926, higher by 294 points, and the Nifty re-gained the 5,000 mark to close at 5,026, up 84 points, on a steady day of trade. The Sensex had surpassed the 17,000 mark (17,096) in intra-day trades.

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Oil prices up in Asian trade
Oil prices were stable in Asian trade today as dealers weighed recent price falls against a firming US dollar, analysts said.
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NEWSALERT: 'Major revamp in Air India's top management'

Major revamp in Air India"s top management in next 30 days, says Civil Aviation Minister Praful Patel. Some heads are going to roll, he said. Oil rises on bullish US manufacturing data Rupee gains 14 paise at 46.23/$ in early trade Asian markets erase partial gains Banks not ready to withdraw prepayment penalty on foreclosure Details Awaited


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