Rupee down 47 paise against dollar

The rupee today depreciated 47 paise against the dollar. It closed at 63 rupees 71 paise. The fall was attributed to the demand for the US currency, even as capital flows continued into domestic stocks. The domestic currency today opened at 23 paise lower at 63 rupees, 47 paise. It had depreciated b...

Sensex drops 209 points to close above 20,000 mark

Falling for the sixth straight session, the Sensex at the Bombay Stock Exchange dropped 209 points, or 1 percent, to close at a one-month low of 20,282, today, on rupee weakness, and ahead of industrial output and retail inflation data. The Sensex has now lost over 950 points in six trading sessions...

Sensex drops 209 points to close above 20,000 mark

Falling for the sixth straight session, the Sensex at the Bombay Stock Exchange dropped 209 points, or 1 percent, to close at 20,282, today. The Nifty at the National Stock Exchange lost 61 points, or 1 percent, to 6,018.Stock markets in Japan, China, Hong Kong, South Korea and Singapore ended mixed...

Commerce Min inaugurates service sector conclave in Delhi

The Union Minister of Commerce and Industry, Anand Sharma has promised to consider the formation of National Services Competitiveness Council (NSCC) like National Manufacturing Competitiveness Council (NMCC) and to form a task force on the service sector. Mr. Sharma said this while inaugurating the ...

EU meet in Paris on high youth unemployment in Euro zone<br/>

European leaders are meeting in Paris today discuss ways of tackling high youth unemployment in the Euro zone. It is the second such gathering this year, with Germany hosting a conference on the issue in July. Close to a quarter of job seekers, aged 18 to 25, in the EU are jobless. Statistics sugges...

Commerce Min inaugurates service sector conclave in Delhi; says will consider establishing NSCC

The Union Minister of Commerce and Industry, Anand Sharma has promised to consider the formation of National Services Competitiveness Council (NSCC) like National Manufacturing Competitiveness Council (NMCC) and to form a task force on the service sector. Mr. Sharma said this while inaugurating the ...

Sensex declines by 57 points in afternoon trade

Giving up all of its initial gains, the Sensex at the Bombay Stock Exchange stood 57 points, or 0.3 percent in negative territory, at 20,434 in afternoon trade, a short while ago, on fresh selling by funds and retail investors. Earlier in the morning, however, the Sensex had climbed 93 points, or 0....

Sensex flat in afternoon trade<br/>

The Sensex at the Bombay Stock Exchange was trading flat in afternoon trade at 20,481, when reports last came in. The 30-share index had opened 93 points in the green, on fresh buying by funds and retailers, ahead of industrial output data. It had lost over 748 points in the previous five sessions.T...

Lanka Prez inaugurates C'wealth Biz Forum

RBI imposes further restrictions on Gold import

The Reserve Bank of India has issued a notification regarding further curbs on gold imports. The notification issued yesterday said that any authorisation such as Advance Authorisation or Duty Free Import Authorisation has to be utilised for import of gold meant for export purposes only and no diver...