Foreign Exchange Reserves surge to six month high of 291.30 billion dollars

India's Foreign Exchange Reserves have surged to six month high of 291.30 billion dollars as on the week ended 29th of November. The increase is on account of strong dollar inflows because of concessional swap facilities by the Reserve Bank of India.The RBI has offered discounted swap rates...

Government modifies FDI policy allowing unlisted companies to directly list on stock exchanges abroad

The government has modified the FDI policy allowing unlisted companies to directly list on stock exchanges abroad. The move will facilitate raising of funds for acquisitions or clearing overseas debts. It may help India in containing its high current account deficit. Presently, unlisted companies ar...

Trade Ministers reach an agreement to boost world commerce

Trade Ministers from nearly 160 countries have reached an agreement to boost world commerce by cutting red tape, making it easier for the poorest countries to sell their goods. The member- countries of the World Trade Organisation, WTO, approved the deal at a meeting in Indonesia. The deal could add...

Rupee up 34 paise to 61.41 vs dollar

Rising for the third consecutive day, the rupee appreciated 34 paise, to close at an over 5-week high of 61.41 against the dollar.

Sensex gains 39 points to close above 20,000 mark

The Sensex at the Bombay Stock Exchange gained 39 points, or 0.2 percent, to close at 20,997, today. The Nifty at the National Stock Exchange rose 19 points, or 0.3 percent, to 6,260.Stock markets in Japan, China, Hong Kong, South Korea and Singapore ended mixed.

Asian markets end mixed

India 7th most economically confident country globally: Ipsos

India is the seventh most economically confident country in the world, says a study by global research firm Ipsos. According to the study 'Ipsos Economic Pulse of the World', India's economic confidence revived substantially due to healthy farm output, a sharp boost in exp...

Crude oil edges above $111

Brent crude oil futures rose above 111 dollars a barrel, today, as severe weather cut oil output in Europe and the United States, and as traders awaited a U.S. jobs report. Aiding Brent's rise was data showing the U.S. economy grew faster than initially estimated in the third quarter. So Br...

Gold down Rs 465

Gold tumbled 465 rupees, to 30,785 rupees per ten grams at Delhi's bullion market, today, on reduced offtake by stockists at existing higher levels, amid a weak global trend. Silver remained under selling pressure for the fourth straight day, losing 200 rupees, to 43,600 rupees per kilo. Si...

Sensex posts modest gains in late afternoon trade

Recovering from initial weakness, the Sensex at the Bombay Stock Exchange had gained a modest 12 points, or 0.1 pecent, to 20,970 a short while ago. Earlier in the morning, the Sensex had fallen 26 points, or 0.1 per cent, to 20,932 on mild profit-booking by investors. Key stock markets in Japan, Ch...