Business

December 6, 2013 9:24 AM

US prosecutors charge 39 Russian diplomats with health scheme fraud

US prosecutors are charging 49 current and former Russian diplomats and family members with fraud in a scheme to get health benefits intended for the poor. The Justice Department says the diplomats from Russia's UN mission lied about their incomes to get 1.5 million dollars in Medicaid bene...

December 6, 2013 9:24 AM

British visas now only through e-payment

Indians seeking British visa will have to pay the visa fees online through debit or credit cards or via e-wallet. The other modes of payments including cash or demand draft will be discontinued from 16th of this month. Britain's Immigration Regional Director for Central and South Asia Thoma...

December 6, 2013 9:23 AM

RBI to launch interest rate futures on 10 year govt bonds<br/>

The Reserve Bank of India will soon introduce cash-settled interest rate futures on 10-year government bonds and has also permitted exchanges to launch these derivatives in other smaller tenure securities in the future. The RBI has twice attempted to launch the interest rate futures (IRFs), in 2003 ...

December 5, 2013 4:59 PM

Sensex up 249 points to close above 20,000 mark<br/>

The Sensex at the Bombay Stock Exchange rallied 249 points, or 1.2 percent, to close at 20,958, on good buying interest by funds, today. The Sensex had lost 189 points in the previous two trading sessions. The Nifty at the National Stock Exchange climbed 80 points, or 1.3 percent, to 6,241.But stock...

December 5, 2013 1:56 PM

NSEL scam: Investors meet Mumbai Crime Branch Chief

A day after Mumbai police attached the properties of National Spot Exchange Ltd&apos;s director Jignesh Shah, about 50 investors of the spot exchange met the Mumbai Crime Branch chief on Wednesday, who assured that attached assets would be liquidated at the earliest and proceedings will be distr...

December 5, 2013 1:55 PM

Rupee strengthens by 46 paise against Dollar

Moving in line with equity market, the rupee advanced by 46 paise, to 61.59 per dollar on fresh selling of dollars by banks and exporters. This was on hopes of more foreign capital inflows into equity market amid exit polls predicting a strong showing by the BJP in the recently concluded Assembly el...

December 5, 2013 1:52 PM

Sensex gains 285 points in afternoon trade <br/>

Paring its initial gains, the Sensex at the Bombay Stock Exchange still stood a good 285 points, or 1.4 percent in positive territory, at 20,993 in afternoon trade, a short while ago. Earlier in the morning, the Sensex had shot up 440 points, or 2.1 per cent, to regain the psychological 21,000-mark,...

December 5, 2013 1:24 PM

Rupee gains 46 paise to 61.59 vs Dollar

Moving in line with equity market, the rupee advanced by 46 paise, to 61.59 per dollar on fresh selling of dollars by banks and exporters. This was on hopes of more foreign capital inflows into equity market amid exit polls predicting a strong showing by the BJP in the recently concluded Assembly el...

December 5, 2013 1:23 PM

Sensex up 304 points, breaches 21 K mark<br/>

The BSE Sensex was trading 304 points up at 21,013 points, a short while ago. It regained psychological 21,000 level by surging 439 points to trade at 21,148 in the opening trade on heavy fund inflows amidst exit polls forecasting good show by the BJP in state assembly elections. The 30-share index ...

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