Business

January 10, 2014 2:16 PM

India's trade deficit narrows to $10.14 bn in Dec

India's exports grew 3.49 per cent in December to 26.3 billion dollar, while imports dipped 15.25 per cent to 36.4 billion dollar during the month. Commerce Secretary S R Rao said export growth slowed mainly because of a drop in petroleum exports. However, he said lower imports helped to na...

January 10, 2014 2:07 PM

India exports post 3.49% rise in Dec; imports dip 15.25%

India's exports grew 3.49 per cent in December to 26.3 billion dollar, while imports dipped 15.25 per cent to 36.4 billion dollar during the month. Commerce Secretary S R Rao said export growth slowed mainly because of a drop in petroleum exports. However, he said lower imports helped to na...

January 10, 2014 2:01 PM

Sensex surges over 250 points

Consolidating its initial gains, the Sensex at the Bombay Stock Exchange had surged 251 points, or 1.2 percent, to 20,964 in afternoon trade, a short while ago. Earlier in the morning, the Sensex had advanced 68 points, or 0.3 per cent, to 20,781, led by a rally in IT stocks, after encouraging numbe...

January 10, 2014 1:39 PM

Sensex surges by over 200 points in afternoon trade

Consolidating its initial gains, the Sensex at the Bombay Stock Exchange had surged 203 points, or nearly one percent, to 20,916 in afternoon trade, a short while ago. Earlier in the morning, the Sensex had advanced 68 points, to 20,781, led by a rally in IT stocks, after encouraging numbers from In...

January 10, 2014 12:09 PM

Rupee gains 17 paise to 61.90 vs Dollar

The rupee strengthened by 17 paiseto 61.90 against the dollar in late morning trade today amid fresh sales of the US currency by exporters and banks. The rupee opened higher at 62 per dollar from yesterday's close of 62.07 at the interbank foreign exchange market. It moved up to 61.87 befor...

January 10, 2014 10:58 AM

Sensex recovers nearly 68 points in early trade

The benchmark BSE Sensex recovered by nearly 68 points in early trade today, mainly led by gains in IT stocks after Infosys revised guidance upwards for theongoing fiscal. The 30-share index, which had lost 16 points in the previous session, rose by 67.68 points, to 20,781, with stocks of IT, tech a...

January 10, 2014 10:53 AM

Rupee gains 13 paise at 61.94 vs Dollar

The rupee appreciated 13 paise to61.94 against the dollar in early trade today at the Interbank Foreign Exchange market on increased selling of the US currency by exporters and higher capital inflows. The rupee had ended flat at 62.07 against dollar yesterday. Meanwhile, the BSE benchmark Sensex tod...

January 10, 2014 9:49 AM

No cash transactions in Collective Investment Schemes : SEBI

Securities and Exchange Board of India, SEBI has made it compulsory for all investments into Collective Investment Scheme, CIS funds to be made through banking channels, and not in cash. The step has been taken to thwart money laundering activities through such schemes.Besides, the new norms would a...

January 10, 2014 9:48 AM

Mediclaim PIL: GIC says can't come out with pre-packaged rates

General Insurance Council, which represents 25 non-life insurance companies, on Thursday told the Bombay High Court that it was not possible for its members to come out with a pre-packaged compensation in the policies on the basis of sum insured and on the type of hospital. GIC said in an affidavit ...

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