India will be 3rd largest economy in the world by 2030: Montek

India will become the third-biggest economy in the world by 2030. Stating this at the convocation of the 125th course of the National Defence Academy at Khadakwasla in Pune, Deputy Chairman of the Planning Commission Montek Singh Ahluwalia today said that by the year 2030, China will be number one, ...

India will be 3rd largest economy in the world by 2030: Montek

India will become the third-biggest economy in the world by 2030. Stating this at the convocation of the 125th course of the National DefenceAcademy at Khadakwasla in Pune, Deputy Chairman of the Planning Commission Montek Singh Ahluwalia today said that by the year 2030, China will be number one, t...

Corporate Bond Market needs unified trading platform: SEBI Chairman Sinha

Market regulator SEBI has underscored the need for having a unified trading platform for corporate debt market. Speaking at an event organised by ratings agency Crisil in Mumbai yesterday, SEBI Chairman U K Sinha said that just like the Government securities has the Clearing Corporation of India pla...

BSE launches currency derivatives platformess News Heading

EU signs agreement to provide financial assistance to Egypt

RBI relaxes norms for participation of NBFCs in insurance joint ventures

RBI has relaxed norms for participation of Non-Banking Finance Companies - NBFCs in insurance joint ventures. In a notification issued in Mumbai today, RBI said that it will allow NBFCs to invest more than 50 percent of their total equity in insurance joint ventures but on a case to case basis. The ...

Rupee falls 27 paise to close at 62.41 vs dollar<br/>

At the interbank foreign exchange market, the rupee fell for the first time in five days, losing 27 paise, to close at 62.41 against the dollar, today. The rupee fell on month-end dollar demand from oil importers, and the dollar strengthening overseas.

Sensex gains 115 points to close above 20,000 mark<br/>

The Sensex at the Bombay Stock Exchange gained 115 points, or 0.6 percent, to close at 20,535, today, amid the expiry of the monthly derivative contracts, and rising global markets. The Nifty at the National Stock Exchange rose 35 points, or 0.6 percent, to 6,092.Stock markets in Japan, China, South...

Dubai celebrating win of bid to host EXPO 2020

Dubai and the gulf region along with its large expatriate Indian community is celebrating the win of its bid to host the World Trade Fair or the EXPO in 2020. Dubai won over beat Russia&apos;s Yekaterinburg in the final round of voting in Paris. The other contenders were Sao Paulo in Brazil and ...

Sensex gains over 140 points in afternoon trade

Remaining firm, the Sensex at the Bombay Stock Exchange stood 147 points, or 0.7 percent in positive territory, at 20,567 in afternoon trade, a short while ago. Earlier in the morning, the Sensex had gained 155 points, or 0.8 percent, to 20,576 on covering-up of short positions amid the monthly expi...