India's current account gap narrowed sharply to 5.2 billion US dollars, or 1.2 per cent of GDP, in the July-September quarter of 2013-14 on the back of turnaround in exports and decline in gold imports.The current account deficit (CAD), the difference between outflow and inflow of foreign e...

PowerGrid's FPO opens tomorrow

The follow-on public offer (FPO) of Power Grid Corporation of India Ltd (PGCIL) will open on Tuesday.The FPO is for its 17 per cent stake sale and is expected to raise Rs. 7,083 crore.PGCIL plans to utilise the proceeds partly to fund its 27 transmission line projects worth over Rs. 48,354 crore.The...

Sensex ends 106 points higher

Rising for the third straight session the Sensex at the Bombay Stock Exchange gained 106 points, or 0.5 percent, to close at 20,898, on buying by funds, and better-than-expected, second quarter GDP growth.The Nifty at the National Stock Exchange advanced 42 points, or 0.7 percent, to 6,218.Stock mar...

Dept. of Post launches Express & Business Parcel service

The Department of Posts has launched Express Parcel and Business Parcel Service in 20 cities at a function in New Delhi on Monday. Launching the service, Secretary, Department of Posts, P. Gopinath said, the Express Parcel Service is a premium service available for retail as well as bulk customers.S...

Govt expects Rs. 40,000 crore from spectrum sale this fiscal

The government on Monday said, it is confident of meeting the revenue target of Rs. 40 thousand crore from spectrum sale this fiscal.Telecom Secretary MF Farooqui told reportes in New Delhi that the government is hopeful of selling all the spectrum put on the auction table. The Department of Telecom...

Sensex gains 114 points in noon trade

The Sensex at Bombay Stock Exchange rose 114, points ,or 0.5 percent ,to trade at 20,90,4, in the afternoon session ,a short while ago. The Nifty at the National Stock Exchange advanced 41 points ,or 0.7 per cent ,to 6,217.In other Asian Stock markets , key benchmark indices in Japan , China , Hong ...

Rupee up by 19 paise vs dollar

The rupee rose by 19 paise to 62.25 per dollar in late morning trade today on fresh selling of dollars by banks and exporters due to good capital inflows from foreign funds into equity market. The rupee resumed higher at 62.35 per dollar as against the last closing level of 62.44 per dollar at the I...

Oil prices up in Asian trade

Oil prices rose in Asian trade on Monday as dealers welcomed upbeat manufacturing data in China, the world's top energy consumer. New York's main contract, West Texas Intermediate for January delivery, was up 52 cents at 93.24 US Dollars in mid-morning trade while Brent North Sea c...

Sensex gains 136 points in noon trade

The Sensex was trading 136 points up at 20,928 points a shortwhile ago. It rose 70 points to 20,863 in early trade today. The rise was attributed to sustained buying by funds, as the economy grew by a higher-than-expected 4.8 per cent in the September quarter, amid a mixed trend at other Asian bours...

Sensex gains 70 points in early trade

Continuing its rising streak for the third straight day, the Sensex at the Bombay Stock Exchange rose 70 points to 20,863 in early trade today. The rise was attributed to sustained buying by funds, as the economy grew by a higher-than-expected 4.8 per cent in the September quarter, amid a mixed tren...