Business

December 16, 2013 10:26 AM

Sensex down 36 points in early trade

Falling for the fifth straight day, the Sensex at the Bombay Stock Exchange lost 36 points to 20,679 in early trade today. The rise was attributed to sustained selling by funds, on fears of a rate hike by the Reserve Bank, amid a weak trend in other Asian markets. The 30-share barometer had lost 611...

December 15, 2013 7:29 PM

FM wants to increase retail investor base from 1.6 cr to 15 cr

Finance Minister P Chidambaram yesterday said he looks forward to seeing the number of retail investors increasing from 1.6 crore at present to 15 crore.Addressing the 20th anniversary celebrations of the National Stock Exchange of India Ltd in Mumbai yesterday, the finance minister said there is an...

December 14, 2013 8:17 PM

Tea production in India expected to grow nearly 6%

Tea production in India is expected to grow nearly 6 percent to at least 1190 million Kg this year owing to better rainfall. This growth is likely to be contributed largely by North India. Chairman, Indian Tea Association A N Singh said that according to the data available with the Tea Board, tea pr...

December 14, 2013 12:59 PM

Rupee falls 33 paise to 62.16 against dollar

The rupee dropped another 33 paise to 62 rupees 16 paise per dollar in late morning deals on friday.Rupee continued its slide for the third day on sustained demand for the American currency from importers.The rupee opened lower at 62 rupees 10 paise per dollar as against the previous closing level o...

December 14, 2013 12:59 PM

Sensex drops 210 points to close below 21,000-level

Falling for the fourth straight session, the Sensex at the Bombay Stock Exchange dropped 210 points, or 1 percent, to close at 20,716 on friday on concerns of a rate hike by the Reserve Bank, and amid speculation that the US Federal Reserve will soon start trimming its monetary stimulus. The Sensex ...

December 13, 2013 7:00 PM

India's forex rises $4.41bn to $295.71 bn

India's forex reserves rose for the fifth consecutive week, adding 4.41 billion US dollar to 295.71 billion US dollar in the week ended December 6 on account of a rise in foreign currency assets, the Reserve Bank today said. Last week, the reserves recorded the single biggest weeklygain sin...

December 13, 2013 5:33 PM

Russia to increase arms exports worth $50 bn by 2020

Russia is to increase its arms exports worth 50 billion dollars by 2020. Deputy Prime Minister Dmitry Rogozin told reporters in Moscow that Russia will continue to maintain second place on the list of top arms exporters wordlwide. He said Moscow but will also narrow the gap between second and first ...

December 13, 2013 5:32 PM

Sensex drops 210 points to close below 21,000-level

Falling for the fourth straight session, the Sensex at the Bombay Stock Exchange dropped 210 points, or 1 percent, to close at 20,716, today, on concerns of a rate hike by the Reserve Bank, and amid speculation that the US Federal Reserve will soon start trimming its monetary stimulus. The Sensex ha...

December 13, 2013 4:20 PM

Sensex drops 210 points to close below 21,000-level

Falling for the fourth straight session, the Sensex at the Bombay Stock Exchange dropped 210 points, or 1 percent, to close at 20,716, today. The Nifty at the National Stock Exchange fell 69 points, or 1.1 percent, to 6,168.

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