Govt to look into demand for raising subsidized LPG cylinder quota

The government has said it would look into a demand to raise the quota of subsidized LPG cylinders to 12 per household in a year from the current limit of nine. The assurance came after the price of non-subsidised LPG was increased by a steep 220 rupees. Finance Minister P Chidambaram told reporters...

Allotment of shares through denmat accounts applicable to overseas investors: SEBI

No objections to reasonable fee on ATM transactions: RBI

RBI Deputy Governor K C Chakrabarty has said the apex bank will have no objections if the banks charge reasonable fee on ATM transactions. Speaking to the reporters on the sidelines of an event in Mumbai last evening, Mr. Chakrabarty said ideally, the issue of charging customers for ATM usage should...

Sensex plunges over 252 points to end below 21,000-level

Giving up all its initial gains, the Sensex at the Bombay Stock Exchange declined 252 points, or 1.2 percent, to close below the 21,000-level, at 20,888 after volatile trade, on late profit-booking by investors, today. The Nifty at the National Stock Exchange fell 81 points, or 1.3 percent, to 6,221...

Sensex gains over 100 points in afternoon trade

Coming off the day's highs, the Sensex at the Bombay Stock Exchange still stood 104 points, or 0.5 percent in the positive zone, at 21,244 a short while ago. Earlier in the morning, the Sensex had climbed 48 points, or 0.2 per cent, to 21,189, on selective buying by funds and retail investo...

Month-long Dubai Shopping Festival gets underway

The month-long shopping extravaganza, the Dubai Shopping Festival gets underway across more than 350 shopping outlets and malls in Dubai today.The event is considered to be a shopoholics delight with people from different parts of the world flocking to the city to buy a whole range of products on di...

Sensex gains over 135 points in afternoon trade

The Sensex at the Bombay Stock Exchange has recovered by 137 points and it is trading at 21,277 in the afternoon trade. The 30-share index recovered by 48 points when the market opened today. This followed fresh buying by funds and retail investors, amid a firming Asian trend. The Nifty at the Natio...

Sri Lanka 2013 growth around 7.2%, further acceleration expected : Central Bank

Sri Lanka's Central Bank today reduced the reverse repurchase rate by 50 basis points to 8 percent. The bank also announced changing the name of the key monetary tool to Standing Lending Facility Rate. The Bank however left the repurchase rate unchanged at 6.50 percent.Issuing its Monetary ...

Oil prices edge higher on subdued Asian trade

Oil prices edged higher in subdued Asian trade today. This fllows investors anticipating upbeat US stockpiles data and as investors grow more optimistic about the U.S. economy. New York's main contract, West Texas Intermediate or WTI for February delivery, was up 22 cents at 98.64 dollars i...

Rupee rises marginally to quote at 61.81 against Dollar <br/>

Rupee recovered by nine paise to 61 rupees 81 paise against the US dollar in the late morning trade. This follows fresh selling of dollars by banks and exporters on expectation of more funds in view of recovery in the stock market. The domestic currency had lost 10 paise to close at 61 rupees 90 pai...