Business

November 25, 2013 12:56 PM

Rupee up by 37 paise against dollar

The rupee firmed up by 37 paise to 62 rupees, 50 paise against the dollar in late morning deals today on selling of dollars by banks and exporters on hopes of foreign capital inflows in view of a sharp recovery in the equity market.The rupee resumed higher at 62 rupees, 67 paise per dollar as agains...

November 25, 2013 12:54 PM

Sensex gains 274 points in noon trade

The Sensex at the Bombay Stock Exchange gained 274 points to 20,492 in late morning trade today triggered by firm global cues after an accord was reached to limit Iran's nuclear programme. Earlier, the 30-share index recovered by 223 points in morning trade.The Nifty at the National Stock E...

November 25, 2013 11:05 AM

Global Islamic Economic Summit in Dubai today

A two day long Global Islamic Economic Summit, GIES gets underway in Dubai today. More than 3000 business leaders, decision makers and Islkamic economy experts will attend the meet. The summit will be inaugurated by the Vice President and Prime Minister of UAE and the Ruler of Dubai, Sheikh Mohammed...

November 25, 2013 10:18 AM

Sensex gains 223 points in early trade

Snapping its three-day losing streak, the Sensex at the Bombay Stock Exchange recovered by 223 points to 20,441 in early trade today. The rise was attributed to emergence of buying by funds, amid a firming trend in other Asian markets. The 30-share index had lost nearly 674 points in the previous th...

November 25, 2013 10:17 AM

Sensex gains 223 points in early trade

Snapping its three-day losing streak, the Sensex at the Bombay Stock Exchange recovered by 223 points to 20,441 in early trade today. The rise was attributed to emergence of buying by funds, amid a firming trend in other Asian markets. The 30-share index had lost nearly 674 points in the previous th...

November 25, 2013 10:15 AM

Rupee up by 31 paise against dollar

The rupee strengthened by 31 paise to 62 rupees 56 paise against the dollar in early trade today, on increased selling of the US currency by exporters and banks. The domestic currency had gained six paise to end at 62 rupees 87 paise on Friday, after the RBI was said to have stepped in to stem the f...

November 24, 2013 5:57 PM

Mutual Fund investments in banking stocks reach 4-month high

Fund managers raised exposure in bank stocks to a 4-month high of nearly a 33,000 crore rupees in October amid rising equities market and various steps taken by the Reserve Bank to prop the banking sector. According to the latest data available with market regulator SEBI, Mutual Fund investments in ...

November 24, 2013 5:57 PM

Power Grid disinvestment: Price band to be decided on Friday<br/>

A panel of ministers on disinvestment is to meet on Friday to decide on the price band for the disinvestment of Power Grid, which is expected to raise around 7,400 crore rupees at current stock price. The Power Grid issue is likely to remain open from December 3 to 5. The government will sell 18.51 ...

November 24, 2013 9:41 AM

MCX-SX is well ring-fenced from NSEL crisis: SEBI Chairman

SEBI Chairman UK Sinha allayed fears of crisis at the parent group of MCX-SX spilling over to the bourse saying that the troubled Financial Technologies India Ltd- promoted stock exchange is ring-fenced from other group firms. Speaking on the sidelines at a function in Mumbai yesterday, he clarified...

November 23, 2013 9:17 PM

EGoM on Telecom approves 25 % higher reserve price for spectrum auction

The Empowered Group of Ministers, EGoM on Telecom has approved hiking the reserve price by 25 per cent for the next round of auction of the mobile phone spectrum. The group, headed by Defence Minister AK Antony, agreed with the recommendations of the Telecom Commission to better the reserve or base ...

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